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Consolidated Condensed Statements of Income - USD ($)
shares in Thousands, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues:        
Insurance premiums $ 1,767 $ 1,751 $ 5,196 $ 5,173
Net investment income 561 321 1,570 1,419
Investment gains (losses):        
Other-than-temporary impairment losses (18) (56) (56) (99)
Other net investment gains 63 6 74 57
Total investment gains (losses) 45 (50) 18 (42)
Contract drilling revenues 340 599 1,141 1,816
Other revenues 574 548 1,842 1,716
Total 3,287 3,169 9,767 10,082
Expenses:        
Insurance claims and policyholders' benefits 1,202 1,200 3,949 4,008
Amortization of deferred acquisition costs 314 319 926 936
Contract drilling expenses 187 276 598 971
Other operating expenses 898 898 3,416 3,026
Interest 130 128 403 393
Total 2,731 2,821 9,292 9,334
Income before income tax 556 348 475 748
Income tax expense (163) (66) (171) (170)
Net income (loss) 393 282 304 578
Amounts attributable to noncontrolling interests (66) (100) 60 (117)
Net income attributable to Loews Corporation $ 327 $ 182 $ 364 $ 461
Basic and diluted net income per share $ 0.97 $ 0.50 $ 1.08 $ 1.25
Dividends per share $ 0.0625 $ 0.0625 $ 0.1875 $ 0.1875
Weighted average shares outstanding:        
Shares of common stock 337,180 360,910 338,330 367,740
Dilutive potential shares of common stock 440 190 280 290
Total weighted average shares outstanding assuming dilution 337,620 361,100 338,610 368,030