CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Revenues:
Insurance premiums		$ 1,953	$ 1,890	$ 5,672	$ 5,517
Net investment income		540	525	1,347	1,733
Investment gains (losses) (Note 2)	[1]	46	8	(1,312)	41
Non-insurance warranty revenue		317	292	926	858
Operating revenues and other		609	960	2,241	2,906
Total		3,465	3,675	8,874	11,055
Expenses:
Insurance claims and policyholders' benefits		1,616	1,614	4,683	4,323
Amortization of deferred acquisition costs		360	345	1,046	1,025
Non-insurance warranty expense		293	278	859	801
Operating expenses and other		876	1,234	3,894	3,614
Interest		137	144	404	449
Total		3,282	3,615	10,886	10,212
Income (loss) before income tax		183	60	(2,012)	843
Income tax (expense) benefit		(21)	(21)	284	(183)
Net income (loss)		162	39	(1,728)	660
Amounts attributable to noncontrolling interests		(23)	33	400	55
Net income (loss) attributable to Loews Corporation		$ 139	$ 72	$ (1,328)	$ 715
Basic net income (loss) per share (in dollars per share)		$ 0.50	$ 0.24	$ (4.70)	$ 2.34
Diluted net income (loss) per share (in dollars per share)		$ 0.50	$ 0.24	$ (4.70)	$ 2.34
Weighted average shares outstanding:
Shares of common stock (in shares)		279,400	301,650	282,630	305,080
Dilutive potential shares of common stock (in shares)		90	700		650
Total weighted average shares outstanding assuming dilution (in shares)		279,490	302,350	282,630	305,730

[1] Gross investment gains on available-for-sale securities were $44 and $34 for the three months ended September 30, 2020 and 2019 and $175 and $98 for the nine months ended September 30, 2020 and 2019. Gross investment losses on available-for-sale securities were $18 and $31 for the three months ended September 30, 2020 and 2019 and $207 and $104 for the nine months ended September 30, 2020 and 2019. During the three and nine months ended September 30, 2020, $25 of investment gains and $44 of investment losses were recognized due to the change in fair value of non-redeemable preferred stock still held as of September 30, 2020. During the three and nine months ended September 30, 2019, $7 and $60 of investment gains were recognized due to the change in fair value of non-redeemable preferred stock still held as of September 30, 2019.