XML 39 R28.htm IDEA: XBRL DOCUMENT
v3.21.1

Segments (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2021
Segments [Abstract] |
Total Assets and Statements of Operations by Segment | Statements of Operations by segment are presented in the following tables.
Three Months Ended March 31, 2021 |  | CNA Financial |  |  | Boardwalk Pipelines |  |  | Loews Hotels & Co |  |  | Corporate |  |  | Total |
(In millions) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Insurance premiums |  | $ | 1,962 |  |  |  |  |  |  |  |  |  |  |  | $ | 1,962 |
Net investment income |  |  | 504 |  |  |  |  |  |  |  |  | $ | 46 |  |  |  | 550 |
Investment gains |  |  | 57 |  |  |  |  |  |  |  |  |  |  |  |  |  | 57 |
Non-insurance warranty revenue |  |  | 338 |  |  |  |  |  |  |  |  |  |  |  |  |  | 338 |
Operating revenues and other |  |  | 5 |  |  | $ | 372 |  |  | $ | 57 |  |  |  | 281 |  |  |  | 715 |
Total |  |  | 2,866 |  |  |  | 372 |  |  |  | 57 |  |  |  | 327 |  |  |  | 3,622 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Insurance claims and policyholders’ benefits |  |  | 1,506 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,506 |
Amortization of deferred acquisition costs |  |  | 359 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 359 |
Non-insurance warranty expense |  |  | 311 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 311 |
Operating expenses and other |  |  | 285 |  |  |  | 217 |  |  |  | 104 |  |  |  | 308 |  |  |  | 914 |
Interest |  |  | 28 |  |  |  | 41 |  |  |  | 8 |  |  |  | 48 |  |  |  | 125 |
Total |  |  | 2,489 |  |  |  | 258 |  |  |  | 112 |  |  |  | 356 |  |  |  | 3,215 |
Income (loss) before income tax |  |  | 377 |  |  |  | 114 |  |  |  | (55 | ) |  |  | (29 | ) |  |  | 407 |
Income tax (expense) benefit |  |  | (66 | ) |  |  | (29 | ) |  |  | 12 |  |  |  | (31 | ) |  |  | (114 | )
Net income (loss) |  |  | 311 |  |  |  | 85 |  |  |  | (43 | ) |  |  | (60 | ) |  |  | 293 |
Amounts attributable to noncontrolling interests |  |  | (32 | ) |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (32 | )
Net income (loss) attributable to Loews Corporation |  | $ | 279 |  |  | $ | 85 |  |  | $ | (43 | ) |  | $ | (60 | ) |  | $ | 261 |
Three Months Ended March 31, 2020 |  | CNA Financial |  |  | Boardwalk Pipelines |  |  | Loews Hotels & Co |  |  | Corporate |  |  | Diamond Offshore |  |  | 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 |  |  | $ | 341 |  |  | $ | 142 |  |  |  | 257 |  |  | $ | 234 |  |  |  | 982 |
Total |  |  | 2,291 |  |  |  | 341 |  |  |  | 142 |  |  |  | 91 |  |  |  | 234 |  |  |  | 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 |  |  |  | 211 |  |  |  | 167 |  |  |  | 268 |  |  |  | 1,080 |  |  |  | 2,026 |
Interest |  |  | 31 |  |  |  | 42 |  |  |  | 8 |  |  |  | 31 |  |  |  | 32 |  |  |  | 144 |
Total |  |  | 2,381 |  |  |  | 253 |  |  |  | 175 |  |  |  | 299 |  |  |  | 1,112 |  |  |  | 4,220 |
Income (loss) before income tax |  |  | (90 | ) |  |  | 88 |  |  |  | (33 | ) |  |  | (208 | ) |  |  | (878 | ) |  |  | (1,121 | )
Income tax (expense) benefit |  |  | 28 |  |  |  | (23 | ) |  |  | 8 |  |  |  | 43 |  |  |  | 21 |  |  |  | 77 |
Net income (loss) |  |  | (62 | ) |  |  | 65 |  |  |  | (25 | ) |  |  | (165 | ) |  |  | (857 | ) |  |  | (1,044 | )
Amounts attributable to noncontrolling interests |  |  | 7 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 405 |  |  |  | 412 |
Net income (loss) attributable to Loews Corporation |  | $ | (55 | ) |  | $ | 65 |  |  | $ | (25 | ) |  | $ | (165 | ) |  | $ | (452 | ) |  | $ | (632 | )

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration