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Segments
 9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
Segments Segments
Loews Corporation has four reportable segments comprised of three individual consolidated operating subsidiaries, CNA, Boardwalk Pipelines and Loews Hotels & Co; and the Corporate segment. The Corporate segment is primarily comprised of Loews Corporation, excluding its subsidiaries, and the equity method of accounting for Altium Packaging LLC. Each of the operating subsidiaries is headed by a chief executive officer who is responsible for the operation of its business and has the duties and authority commensurate with that position. For additional disclosures regarding the composition of Loews Corporation’s segments, see Note 21 of the Consolidated Financial Statements in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023.

The following tables present the reportable segments and their contribution to the Consolidated Condensed Statements of Operations. Amounts presented will not necessarily be the same as those in the individual financial statements of the subsidiaries due to adjustments for purchase accounting, income taxes and noncontrolling interests.
Statements of Operations by segment are presented in the following tables.

Three Months Ended September 30, 2024
CNA Financial
Boardwalk Pipelines
Loews
Hotels & Co
Corporate
Total
(In millions)
Revenues:
Insurance premiums$2,593 $2,593 
Net investment income626 $9 $2 $139 776 
Investment losses(10) (10)
Non-insurance warranty revenue401 401 
Operating revenues and other8 474 224  706 
Total3,618 483 226 139 4,466 
Expenses:
Insurance claims and policyholders’ benefits2,019 2,019 
Amortization of deferred acquisition costs457 457 
Non-insurance warranty expense387 387 
Operating expenses and other362 332 218 18 930 
Equity method loss   9 9 
Interest32 47 17 18 114 
Total3,257 379 235 45 3,916 
Income (loss) before income tax361 104 (9)94 550 
Income tax (expense) benefit(78)(27)1 (21)(125)
Net income (loss)283 77 (8)73 425 
Amounts attributable to noncontrolling interests(24)(24)
Net income (loss) attributable to Loews Corporation$259 $77 $(8)$73 $401 
Three Months Ended September 30, 2023CNA FinancialBoardwalk PipelinesLoews
Hotels & Co		CorporateTotal
(In millions)
Revenues:
Insurance premiums$2,406 $2,406 
Net investment income553 $6 $2 $31 592 
Investment losses(38) (38)
Non-insurance warranty revenue407 407 
Operating revenues and other8 357 194  559 
Total3,336 363 196 31 3,926 
Expenses:
Insurance claims and policyholders’ benefits1,826 1,826 
Amortization of deferred acquisition costs426 426 
Non-insurance warranty expense386 386 
Operating expenses and other338 258 195 69 860 
Equity method (income) loss  (26)4 (22)
Interest34 39 3 18 94 
Total3,010 297 172 91 3,570 
Income (loss) before income tax326 66 24 (60)356 
Income tax (expense) benefit(68)(17)(7)12 (80)
Net income (loss)258 49 17 (48)276 
Amounts attributable to noncontrolling interests(23)(23)
Net income (loss) attributable to Loews Corporation$235 $49 $17 $(48)$253 
Nine Months Ended September 30, 2024CNA Financial Boardwalk Pipelines Loews Hotels & Co CorporateTotal
(In millions)     
      
Revenues:     
      
Insurance premiums$7,532 $7,532 
Net investment income1,853 $22 $7 $202 2,084 
Investment losses(42) (42)
Non-insurance warranty revenue1,212 1,212 
Operating revenues and other26 1,466 686  2,178 
Total10,581 1,488 693 202 12,964 
 
Expenses:
 
Insurance claims and policyholders’ benefits5,708 5,708 
Amortization of deferred acquisition costs1,336 1,336 
Non-insurance warranty expense1,169 1,169 
Operating expenses and other1,077 991 652 58 2,778 
Equity method (income) loss  (59)15 (44)
Interest101 137 37 56 331 
Total9,391 1,128 630 129 11,278 
Income before income tax1,190 360 63 73 1,686 
Income tax expense(252)(92)(20)(17)(381)
Net income938 268 43 56 1,305 
Amounts attributable to noncontrolling interests(78)(78)
Net income attributable to Loews Corporation$860 $268 $43 $56 $1,227 
Nine Months Ended September 30, 2023CNA FinancialBoardwalk Pipelines Loews Hotels & Co CorporateTotal
(In millions)
Revenues:
Insurance premiums$7,001 $7,001 
Net investment income1,653 $11 $4 $84 1,752 
Investment gains (losses)(105)46 (59)
Non-insurance warranty revenue1,221 1,221 
Operating revenues and other22 1,114 592  1,728 
Total9,792 1,125 642 84 11,643 
Expenses:
Insurance claims and policyholders’ benefits5,258 5,258 
Amortization of deferred acquisition costs1,208 1,208 
Non-insurance warranty expense1,154 1,154 
Operating expenses and other1,021 751 572 105 2,449 
Equity method (income) loss  (98)9 (89)
Interest93 117 9 61 280 
Total8,734 868 483 175 10,260 
Income (loss) before income tax1,058 257 159 (91)1,383 
Income tax (expense) benefit(220)(66)(44)15 (315)
Net income (loss)838 191 115 (76)1,068 
Amounts attributable to noncontrolling interests(80)(80)
Net income (loss) attributable to Loews Corporation$758 $191 $115 $(76)$988