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Consolidated Condensed Statements of Income - USD ($)
shares in Thousands, $ in Millions
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues:    
Insurance premiums $ 1,803 $ 1,785
Net investment income 657 506
Investment gains (losses):    
Other-than-temporary impairment losses (14) (6)
Other net investment gains 45 15
Total investment gains 31 9
Non-insurance warranty revenue 281 238
Operating revenues and other 985 1,043
Total 3,757 3,581
Expenses:    
Insurance claims and policyholders' benefits 1,357 1,339
Amortization of deferred acquisition costs 342 296
Non-insurance warranty expense 260 216
Operating expenses and other 1,149 1,184
Interest 141 141
Total 3,249 3,176
Income before income tax 508 405
Income tax expense (112) (25)
Net income 396 380
Amounts attributable to noncontrolling interests (2) (87)
Net income attributable to Loews Corporation $ 394 $ 293
Basic and diluted net income per share $ 1.27 $ 0.89
Weighted average shares outstanding:    
Shares of common stock 309,830 327,780
Dilutive potential shares of common stock 530 940
Total weighted average shares outstanding assuming dilution 310,360 328,720