XML 21 R56.htm IDEA: XBRL DOCUMENT v3.20.1
Segments (Details)
$ in Millions
3 Months Ended
Mar. 31, 2020
USD ($)
Subsidiaries
Segment
Mar. 31, 2019
USD ($)
Segment [Abstract]    
Number of reportable segments | Segment 5  
Number of individual operating subsidiaries | Subsidiaries 4  
Revenues [Abstract]    
Insurance premiums $ 1,869 $ 1,803
Net investment income (loss) 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 [Abstract]    
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
Operating Segments [Member]    
Revenues [Abstract]    
Insurance premiums 1,869 1,803
Net investment income (loss) 163 657
Investment gains (losses) (216) 31
Non-insurance warranty revenue 301 281
Operating revenues and other 982 985
Total 3,099 3,757
Expenses [Abstract]    
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
CNA Financial [Member] | Operating Segments [Member]    
Revenues [Abstract]    
Insurance premiums 1,869 1,803
Net investment income (loss) 329 571
Investment gains (losses) (216) 31
Non-insurance warranty revenue 301 281
Operating revenues and other 8 9
Total 2,291 2,695
Expenses [Abstract]    
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 300 284
Interest 31 34
Total 2,381 2,277
Income (loss) before income tax (90) 418
Income tax (expense) benefit 28 (77)
Net income (loss) (62) 341
Amounts attributable to noncontrolling interests 7 (36)
Net income (loss) attributable to Loews Corporation (55) 305
Diamond Offshore [Member] | Operating Segments [Member]    
Revenues [Abstract]    
Net investment income (loss)   2
Operating revenues and other 234 234
Total 234 236
Expenses [Abstract]    
Operating expenses and other 1,080 283
Interest 32 30
Total 1,112 313
Income (loss) before income tax (878) (77)
Income tax (expense) benefit 21 6
Net income (loss) (857) (71)
Amounts attributable to noncontrolling interests 405 34
Net income (loss) attributable to Loews Corporation (452) (37)
Boardwalk Pipeline [Member] | Operating Segments [Member]    
Revenues [Abstract]    
Operating revenues and other 341 346
Total 341 346
Expenses [Abstract]    
Operating expenses and other 211 195
Interest 42 45
Total 253 240
Income (loss) before income tax 88 106
Income tax (expense) benefit (23) (27)
Net income (loss) 65 79
Net income (loss) attributable to Loews Corporation 65 79
Loews Hotels & Co [Member] | Operating Segments [Member]    
Revenues [Abstract]    
Operating revenues and other 142 180
Total 142 180
Expenses [Abstract]    
Operating expenses and other 167 156
Interest 8 5
Total 175 161
Income (loss) before income tax (33) 19
Income tax (expense) benefit 8 (6)
Net income (loss) (25) 13
Net income (loss) attributable to Loews Corporation (25) 13
Corporate [Member] | Operating Segments [Member]    
Revenues [Abstract]    
Net investment income (loss) (166) 84
Operating revenues and other 257 216
Total 91 300
Expenses [Abstract]    
Operating expenses and other 268 231
Interest 31 27
Total 299 258
Income (loss) before income tax (208) 42
Income tax (expense) benefit 43 (8)
Net income (loss) (165) 34
Net income (loss) attributable to Loews Corporation $ (165) $ 34
[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.