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Consolidated Condensed Statements of Income - USD ($)
shares in Thousands, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues:        
Insurance premiums $ 1,806 $ 1,767 $ 5,185 $ 5,196
Net investment income 557 561 1,639 1,570
Investment gains (losses):        
Other-than-temporary impairment losses (5) (18) (9) (56)
Other net investment gains 21 63 102 74
Total investment gains 16 45 93 18
Contract drilling revenues 357 340 1,113 1,141
Other revenues 785 574 2,150 1,842
Total 3,521 3,287 10,180 9,767
Expenses:        
Insurance claims and policyholders' benefits 1,480 1,202 4,053 3,949
Amortization of deferred acquisition costs 309 314 926 926
Contract drilling expenses 198 187 598 598
Other operating expenses 1,047 898 2,978 3,416
Interest 223 130 504 403
Total 3,257 2,731 9,059 9,292
Income before income tax 264 556 1,121 475
Income tax expense (52) (163) (240) (171)
Net income 212 393 881 304
Amounts attributable to noncontrolling interests (55) (66) (198) 60
Net income attributable to Loews Corporation $ 157 $ 327 $ 683 $ 364
Basic net income per share $ 0.46 $ 0.97 $ 2.03 $ 1.08
Diluted net income per share 0.46 0.97 2.02 1.08
Dividends per share $ 0.0625 $ 0.0625 $ 0.1875 $ 0.1875
Weighted average shares outstanding:        
Shares of common stock 336,910 337,180 336,900 338,330
Dilutive potential shares of common stock 880 440 830 280
Total weighted average shares outstanding assuming dilution 337,790 337,620 337,730 338,610