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Segments (Tables) | 6 Months Ended
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Jun. 30, 2019
Segment Reporting [Abstract] |
Consolidating Statement of Income and Total Assets by Segment | Statements of Income by segment are presented in the following tables.
Three Months Ended June 30, 2019 |  | CNA Financial |  |  | Diamond Offshore |  |  | Boardwalk Pipelines |  |  | Loews Hotels & Co |  |  | Corporate |  |  | Total |
(In millions) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Insurance premiums |  | $ | 1,824 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 1,824 |
Net investment income |  |  | 515 |  |  | $ | 2 |  |  |  |  |  |  | $ | 1 |  |  | $ | 33 |  |  |  | 551 |
Investment gains |  |  | 2 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2 |
Non-insurance warranty revenue |  |  | 285 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 285 |
Operating revenues and other |  |  | 4 |  |  |  | 222 |  |  | $ | 327 |  |  |  | 185 |  |  |  | 223 |  |  |  | 961 |
Total |  |  | 2,630 |  |  |  | 224 |  |  |  | 327 |  |  |  | 186 |  |  |  | 256 |  |  |  | 3,623 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Insurance claims and policyholders’ benefits |  |  | 1,352 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,352 |
Amortization of deferred acquisition costs |  |  | 338 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 338 |
Non-insurance warranty expense |  |  | 263 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 263 |
Operating expenses and other |  |  | 279 |  |  |  | 335 |  |  |  | 209 |  |  |  | 163 |  |  |  | 245 |  |  |  | 1,231 |
Interest |  |  | 55 |  |  |  | 31 |  |  |  | 46 |  |  |  | 5 |  |  |  | 27 |  |  |  | 164 |
Total |  |  | 2,287 |  |  |  | 366 |  |  |  | 255 |  |  |  | 168 |  |  |  | 272 |  |  |  | 3,348 |
Income (loss) before income tax |  |  | 343 |  |  |  | (142 | ) |  |  | 72 |  |  |  | 18 |  |  |  | (16 | ) |  |  | 275 |
Income tax (expense) benefit |  |  | (64 | ) |  |  | 36 |  |  |  | (19 | ) |  |  | (6 | ) |  |  | 3 |  |  |  | (50 | )
Net income (loss) |  |  | 279 |  |  |  | (106 | ) |  |  | 53 |  |  |  | 12 |  |  |  | (13 | ) |  |  | 225 |
Amounts attributable to noncontrolling interests |  |  | (30 | ) |  |  | 54 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 24 |
Net income (loss) attributable to Loews Corporation |  | $ | 249 |  |  | $ | (52 | ) |  | $ | 53 |  |  | $ | 12 |  |  | $ | (13 | ) |  | $ | 249 |
Three Months Ended June 30, 2018 |  | CNA Financial |  |  | Diamond Offshore |  |  | Boardwalk Pipelines |  |  | Loews Hotels & Co |  |  | Corporate |  |  | Total |
(In millions) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Insurance premiums |  | $ | 1,815 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 1,815 |
Net investment income |  |  | 506 |  |  | $ | 2 |  |  |  |  |  |  | $ | 1 |  |  | $ | 42 |  |  |  | 551 |
Investment losses |  |  | (3 | ) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (3 | )
Non-insurance warranty revenue |  |  | 248 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 248 |
Operating revenues and other |  |  | 8 |  |  |  | 269 |  |  | $ | 285 |  |  |  | 200 |  |  |  | 217 |  |  |  | 979 |
Total |  |  | 2,574 |  |  |  | 271 |  |  |  | 285 |  |  |  | 201 |  |  |  | 259 |  |  |  | 3,590 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Insurance claims and policyholders’ benefits |  |  | 1,327 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,327 |
Amortization of deferred acquisition costs |  |  | 359 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 359 |
Non-insurance warranty expense |  |  | 225 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 225 |
Operating expenses and other |  |  | 299 |  |  |  | 320 |  |  |  | 203 |  |  |  | 169 |  |  |  | 238 |  |  |  | 1,229 |
Interest |  |  | 35 |  |  |  | 30 |  |  |  | 43 |  |  |  | 8 |  |  |  | 27 |  |  |  | 143 |
Total |  |  | 2,245 |  |  |  | 350 |  |  |  | 246 |  |  |  | 177 |  |  |  | 265 |  |  |  | 3,283 |
Income (loss) before income tax |  |  | 329 |  |  |  | (79 | ) |  |  | 39 |  |  |  | 24 |  |  |  | (6 | ) |  |  | 307 |
Income tax (expense) benefit |  |  | (60 | ) |  |  | 10 |  |  |  | (2 | ) |  |  | (7 | ) |  |  |  |  |  |  | (59 | )
Net income (loss) |  |  | 269 |  |  |  | (69 | ) |  |  | 37 |  |  |  | 17 |  |  |  | (6 | ) |  |  | 248 |
Amounts attributable to noncontrolling interests |  |  | (29 | ) |  |  | 32 |  |  |  | (21 | ) |  |  |  |  |  |  |  |  |  |  | (18 | )
Net income (loss) attributable to Loews Corporation |  | $ | 240 |  |  | $ | (37 | ) |  | $ | 16 |  |  | $ | 17 |  |  | $ | (6 | ) |  | $ | 230 |
Six Months Ended June 30, 2019 |  | CNA Financial |  |  | Diamond Offshore |  |  | Boardwalk Pipelines |  |  | Loews Hotels & Co |  |  | Corporate |  |  | Total |
(In millions) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Insurance premiums |  | $ | 3,627 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 3,627 |
Net investment income |  |  | 1,086 |  |  | $ | 4 |  |  |  |  |  |  | $ | 1 |  |  | $ | 117 |  |  |  | 1,208 |
Investment gains |  |  | 33 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 33 |
Non-insurance warranty revenue |  |  | 566 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 566 |
Operating revenues and other |  |  | 13 |  |  |  | 456 |  |  | $ | 673 |  |  |  | 365 |  |  |  | 439 |  |  |  | 1,946 |
Total |  |  | 5,325 |  |  |  | 460 |  |  |  | 673 |  |  |  | 366 |  |  |  | 556 |  |  |  | 7,380 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Insurance claims and policyholders’ benefits |  |  | 2,709 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2,709 |
Amortization of deferred acquisition costs |  |  | 680 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 680 |
Non-insurance warranty expense |  |  | 523 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 523 |
Operating expenses and other |  |  | 563 |  |  |  | 618 |  |  |  | 404 |  |  |  | 319 |  |  |  | 476 |  |  |  | 2,380 |
Interest |  |  | 89 |  |  |  | 61 |  |  |  | 91 |  |  |  | 10 |  |  |  | 54 |  |  |  | 305 |
Total |  |  | 4,564 |  |  |  | 679 |  |  |  | 495 |  |  |  | 329 |  |  |  | 530 |  |  |  | 6,597 |
Income (loss) before income tax |  |  | 761 |  |  |  | (219 | ) |  |  | 178 |  |  |  | 37 |  |  |  | 26 |  |  |  | 783 |
Income tax (expense) benefit |  |  | (141 | ) |  |  | 42 |  |  |  | (46 | ) |  |  | (12 | ) |  |  | (5 | ) |  |  | (162 | )
Net income (loss) |  |  | 620 |  |  |  | (177 | ) |  |  | 132 |  |  |  | 25 |  |  |  | 21 |  |  |  | 621 |
Amounts attributable to noncontrolling interests |  |  | (66 | ) |  |  | 88 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 22 |
Net income (loss) attributable to Loews Corporation |  | $ | 554 |  |  | $ | (89 | ) |  | $ | 132 |  |  | $ | 25 |  |  | $ | 21 |  |  | $ | 643 |
Six Months Ended June 30, 2018 |  | CNA Financial |  |  | Diamond Offshore |  |  | Boardwalk Pipelines |  |  | Loews Hotels & Co |  |  | Corporate |  |  | Total |
(In millions) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Insurance premiums |  | $ | 3,600 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 3,600 |
Net investment income |  |  | 996 |  |  | $ | 4 |  |  |  |  |  |  | $ | 1 |  |  | $ | 56 |  |  |  | 1,057 |
Investment gains |  |  | 6 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 6 |
Non-insurance warranty revenue |  |  | 486 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 486 |
Operating revenues and other |  |  | 21 |  |  |  | 566 |  |  | $ | 622 |  |  |  | 383 |  |  |  | 430 |  |  |  | 2,022 |
Total |  |  | 5,109 |  |  |  | 570 |  |  |  | 622 |  |  |  | 384 |  |  |  | 486 |  |  |  | 7,171 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Insurance claims and policyholders’ benefits |  |  | 2,666 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2,666 |
Amortization of deferred acquisition costs |  |  | 655 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 655 |
Non-insurance warranty expense |  |  | 441 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 441 |
Operating expenses and other |  |  | 601 |  |  |  | 616 |  |  |  | 401 |  |  |  | 325 |  |  |  | 470 |  |  |  | 2,413 |
Interest |  |  | 70 |  |  |  | 58 |  |  |  | 87 |  |  |  | 15 |  |  |  | 54 |  |  |  | 284 |
Total |  |  | 4,433 |  |  |  | 674 |  |  |  | 488 |  |  |  | 340 |  |  |  | 524 |  |  |  | 6,459 |
Income (loss) before income tax |  |  | 676 |  |  |  | (104 | ) |  |  | 134 |  |  |  | 44 |  |  |  | (38 | ) |  |  | 712 |
Income tax (expense) benefit |  |  | (115 | ) |  |  | 54 |  |  |  | (14 | ) |  |  | (14 | ) |  |  | 5 |  |  |  | (84 | )
Net income (loss) |  |  | 561 |  |  |  | (50 | ) |  |  | 120 |  |  |  | 30 |  |  |  | (33 | ) |  |  | 628 |
Amounts attributable to noncontrolling interests |  |  | (60 | ) |  |  | 23 |  |  |  | (68 | ) |  |  |  |  |  |  |  |  |  |  | (105 | )
Net income (loss) attributable to Loews Corporation |  | $ | 501 |  |  | $ | (27 | ) |  | $ | 52 |  |  | $ | 30 |  |  | $ | (33 | ) |  | $ | 523 |

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