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Consolidated Condensed Statements of Income - USD ($)
shares in Thousands, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:        
Insurance premiums $ 1,824 $ 1,815 $ 3,627 $ 3,600
Net investment income 551 551 1,208 1,057
Investment gains (losses):        
Other-than-temporary impairment losses (6)   (20) (6)
Other net investment gains (losses) 8 (3) 53 12
Total investment gains (losses) 2 (3) 33 6
Non-insurance warranty revenue 285 248 566 486
Operating revenues and other 961 979 1,946 2,022
Total 3,623 3,590 7,380 7,171
Expenses:        
Insurance claims and policyholders' benefits 1,352 1,327 2,709 2,666
Amortization of deferred acquisition costs 338 359 680 655
Non-insurance warranty expense 263 225 523 441
Operating expenses and other 1,231 1,229 2,380 2,413
Interest 164 143 305 284
Total 3,348 3,283 6,597 6,459
Income before income tax 275 307 783 712
Income tax expense (50) (59) (162) (84)
Net income 225 248 621 628
Amounts attributable to noncontrolling interests 24 (18) 22 (105)
Net income attributable to Loews Corporation $ 249 $ 230 $ 643 $ 523
Basic net income per share $ 0.82 $ 0.72 $ 2.10 $ 1.62
Diluted net income per share $ 0.82 $ 0.72 $ 2.09 $ 1.61
Weighted average shares outstanding:        
Shares of common stock 303,840 318,870 306,820 323,300
Dilutive potential shares of common stock 700 910 620 930
Total weighted average shares outstanding assuming dilution 304,540 319,780 307,440 324,230