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Consolidated Condensed Statements of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues:        
Insurance premiums $ 1,730 $ 1,735 $ 3,429 $ 3,422
Net investment income 587 510 1,009 1,098
Investment gains (losses):        
Other-than-temporary impairment losses (15) (31) (38) (43)
Other net investment gains 16 29 11 51
Total investment gains (losses) 1 (2) (27) 8
Contract drilling revenues 357 617 801 1,217
Other revenues 632 575 1,268 1,168
Total 3,307 3,435 6,480 6,913
Expenses:        
Insurance claims and policyholders' benefits 1,339 1,469 2,747 2,808
Amortization of deferred acquisition costs 305 314 612 617
Contract drilling expenses 198 344 411 695
Other operating expenses 1,611 879 2,518 2,128
Interest 130 134 273 265
Total 3,583 3,140 6,561 6,513
Income (loss) before income tax (276) 295 (81) 400
Income tax expense (12) (48) (8) (104)
Net income (loss) (288) 247 (89) 296
Amounts attributable to noncontrolling interests 223 (77) 126 (17)
Net income (loss) attributable to Loews Corporation $ (65) $ 170 $ 37 $ 279
Basic and diluted net income (loss) per share $ (0.19) $ 0.46 $ 0.11 $ 0.75
Dividends per share $ 0.0625 $ 0.0625 $ 0.1250 $ 0.1250
Weighted average shares outstanding:        
Shares of common stock 338,720 369,610 338,910 371,210
Dilutive potential shares of common stock   360 190 360
Total weighted average shares outstanding assuming dilution 338,720 369,970 339,100 371,570