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Segments (Tables) | 3 Months Ended
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Mar. 31, 2020
Segment [Abstract] |
Statements of Income by Segment | Statements of Operations by segment are presented in the following tables.
Three Months Ended March 31, 2020 |  | CNA Financial |  |  | Diamond Offshore |  |  | Boardwalk Pipelines |  |  | Loews Hotels & Co |  |  | Corporate |  |  | Total |
(In millions) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Insurance premiums |  | $ | 1,869 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 1,869 |
Net investment income (loss) |  |  | 329 |  |  |  |  |  |  |  |  |  |  |  | $ | (166 | ) |  |  | 163 |
Investment losses |  |  | (216 | ) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (216 | )
Non-insurance warranty revenue |  |  | 301 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 301 |
Operating revenues and other |  |  | 8 |  |  | $ | 234 |  |  | $ | 341 |  |  | $ | 142 |  |  |  | 257 |  |  |  | 982 |
Total |  |  | 2,291 |  |  |  | 234 |  |  |  | 341 |  |  |  | 142 |  |  |  | 91 |  |  |  | 3,099 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Insurance claims and policyholders’ benefits |  |  | 1,425 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,425 |
Amortization of deferred acquisition costs |  |  | 344 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 344 |
Non-insurance warranty expense |  |  | 281 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 281 |
Operating expenses and other |  |  | 300 |  |  |  | 1,080 |  |  |  | 211 |  |  |  | 167 |  |  |  | 268 |  |  |  | 2,026 |
Interest |  |  | 31 |  |  |  | 32 |  |  |  | 42 |  |  |  | 8 |  |  |  | 31 |  |  |  | 144 |
Total |  |  | 2,381 |  |  |  | 1,112 |  |  |  | 253 |  |  |  | 175 |  |  |  | 299 |  |  |  | 4,220 |
Income (loss) before income tax |  |  | (90 | ) |  |  | (878 | ) |  |  | 88 |  |  |  | (33 | ) |  |  | (208 | ) |  |  | (1,121 | )
Income tax (expense) benefit |  |  | 28 |  |  |  | 21 |  |  |  | (23 | ) |  |  | 8 |  |  |  | 43 |  |  |  | 77 |
Net income (loss) |  |  | (62 | ) |  |  | (857 | ) |  |  | 65 |  |  |  | (25 | ) |  |  | (165 | ) |  |  | (1,044 | )
Amounts attributable to noncontrolling interests |  |  | 7 |  |  |  | 405 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 412 |
Net income (loss) attributable to Loews Corporation |  | $ | (55 | ) |  | $ | (452 | ) |  | $ | 65 |  |  | $ | (25 | ) |  | $ | (165 | ) |  | $ | (632 | )
Three Months Ended March 31, 2019 |  | CNA Financial |  |  | Diamond Offshore |  |  | Boardwalk Pipelines |  |  | Loews Hotels & Co |  |  | Corporate |  |  | Total |
(In millions) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Insurance premiums |  | $ | 1,803 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 1,803 |
Net investment income |  |  | 571 |  |  | $ | 2 |  |  |  |  |  |  |  |  | $ | 84 |  |  |  | 657 |
Investment gains |  |  | 31 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 31 |
Non-insurance warranty revenue |  |  | 281 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 281 |
Operating revenues and other |  |  | 9 |  |  |  | 234 |  |  | $ | 346 |  |  | $ | 180 |  |  |  | 216 |  |  |  | 985 |
Total |  |  | 2,695 |  |  |  | 236 |  |  |  | 346 |  |  |  | 180 |  |  |  | 300 |  |  |  | 3,757 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Insurance claims and policyholders’ benefits |  |  | 1,357 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,357 |
Amortization of deferred acquisition costs |  |  | 342 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 342 |
Non-insurance warranty expense |  |  | 260 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 260 |
Operating expenses and other |  |  | 284 |  |  |  | 283 |  |  |  | 195 |  |  |  | 156 |  |  |  | 231 |  |  |  | 1,149 |
Interest |  |  | 34 |  |  |  | 30 |  |  |  | 45 |  |  |  | 5 |  |  |  | 27 |  |  |  | 141 |
Total |  |  | 2,277 |  |  |  | 313 |  |  |  | 240 |  |  |  | 161 |  |  |  | 258 |  |  |  | 3,249 |
Income (loss) before income tax |  |  | 418 |  |  |  | (77 | ) |  |  | 106 |  |  |  | 19 |  |  |  | 42 |  |  |  | 508 |
Income tax (expense) benefit |  |  | (77 | ) |  |  | 6 |  |  |  | (27 | ) |  |  | (6 | ) |  |  | (8 | ) |  |  | (112 | )
Net income (loss) |  |  | 341 |  |  |  | (71 | ) |  |  | 79 |  |  |  | 13 |  |  |  | 34 |  |  |  | 396 |
Amounts attributable to noncontrolling interests |  |  | (36 | ) |  |  | 34 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (2 | )
Net income (loss) attributable to Loews Corporation |  | $ | 305 |  |  | $ | (37 | ) |  | $ | 79 |  |  | $ | 13 |  |  | $ | 34 |  |  | $ | 394 |

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