CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Millions		3 Months Ended
		Mar. 31, 2020	Mar. 31, 2019
Revenues:
Insurance premiums		$ 1,869	$ 1,803
Net investment income		163	657
Investment gains (losses)	[1]	(216)	31
Non-insurance warranty revenue		301	281
Operating revenues and other		982	985
Total		3,099	3,757
Expenses:
Insurance claims and policyholders' benefits		1,425	1,357
Amortization of deferred acquisition costs		344	342
Non-insurance warranty expense		281	260
Operating expenses and other		2,026	1,149
Interest		144	141
Total		4,220	3,249
Income (loss) before income tax		(1,121)	508
Income tax (expense) benefit		77	(112)
Net income (loss)		(1,044)	396
Amounts attributable to noncontrolling interests		412	(2)
Net income (loss) attributable to Loews Corporation		$ (632)	$ 394
Basic and diluted net income (loss) per share (in dollars per share)		$ (2.20)	$ 1.27
Weighted average shares outstanding:
Shares of common stock (in shares)		287,040	309,830
Dilutive potential shares of common stock (in shares)			530
Total weighted average shares outstanding assuming dilution (in shares)		287,040	310,360

[1] Gross investment gains on available-for-sale securities were $29 and $36 for the three months ended March 31, 2020 and 2019. Gross investment losses on available-for-sale securities were $104 and $42 for the three months ended March 31, 2020 and 2019. During the three months ended March 31, 2020 and 2019, $133 of net investment losses and $42 of net investment gains were recognized due to the change in fair value of non-redeemable preferred stock still held as of March 31, 2020 and 2019.