Business Segments (Tables)

9 Months Ended

Sep. 30, 2012

Consolidated Revenues and Income (Loss) Attributable to Loews Corporation by Business Segment

The following tables set forth the Company’s consolidated revenues and income (loss) attributable to Loews Corporation by business segment:

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2012			2011			2012			2011
(In millions)
Revenues (a):
CNA Financial:
CNA Specialty	$	957		$	874		$	2,798		$	2,640
CNA Commercial		1,091			962			3,163			3,040
Life & Group Non-Core		340			334			1,050			993
Other		77			6			101			29
Total CNA Financial		2,465			2,176			7,112			6,702
Diamond Offshore		730			881			2,319			2,582
Boardwalk Pipeline		271			269			862			843
HighMount		74			95			219			297
Loews Hotels		98			82			272			251
Corporate and other		77			(65	)		63			(27	)
Total	$	3,715		$	3,438		$	10,847		$	10,648
Income (loss) before income tax and noncontrolling interests (a):
CNA Financial:
CNA Specialty	$	214		$	123		$	589		$	527
CNA Commercial		193			81			519			357
Life & Group Non-Core		(60	)		(43	)		(111	)		(136	)
Other		(33	)		(34	)		(84	)		(110	)
Total CNA Financial		314			127			913			638
Diamond Offshore		234			335			732			974
Boardwalk Pipeline		58			46			216			141
HighMount		(248	)		25			(499	)		78
Loews Hotels		(1	)		(1	)		17			13
Corporate and other		52			(93	)		(15	)		(100	)
Total	$	409		$	439		$	1,364		$	1,744
Net income (loss) – Loews (a):
CNA Financial:
CNA Specialty	$	122		$	69		$	347		$	297
CNA Commercial		119			34			309			199
Life & Group Non-Core		(21	)		(15	)		(26	)		(50	)
Other		(20	)		(19	)		(53	)		(65	)
Total CNA Financial		200			69			577			381
Diamond Offshore		83			121			264			363
Boardwalk Pipeline		20			18			80			56
HighMount		(158	)		16			(319	)		50
Loews Hotels		(1	)					9			8
Corporate and other		33			(62	)		(11	)		(67	)
Total	$	177		$	162		$	600		$	791

(a) Investment gains (losses) included in Revenues, Income (loss) before income tax and noncontrolling interests and Net income (loss) – Loews are as follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2012			2011			2012			2011
Revenues and Income (loss) before income tax and noncontrolling interests:
CNA Financial:
CNA Specialty	$	2		$	(8	)	$	18		$	7
CNA Commercial		10			(15	)		34			13
Life & Group Non-Core		(3	)		(4	)		14			(7	)
Other		(1	)					(4	)		1
Total CNA Financial		8			(27	)		62			14
Corporate and other		(1	)					(3	)		1
Total	$	7		$	(27	)	$	59		$	15
Net income (loss) – Loews:
CNA Financial:
CNA Specialty	$	1		$	(5	)	$	11		$	4
CNA Commercial		6			(8	)		20			8
Life & Group Non-Core		(2	)		(2	)		8			(4	)
Other								(2	)		1
Total CNA Financial		5			(15	)		37			9
Corporate and other		(1	)					(2	)
Total	$	4		$	(15	)	$	35		$	9