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Complete financial analysis of Loews Corporation (L) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Loews Corporation, a leading company in the Insurance – Property & Casualty industry within the Financial Services sector.
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Loews Corporation (L)
About Loews Corporation
Loews Corporation provides commercial property and casualty insurance in the United States and internationally. The company offers specialty insurance products, such as management and professional liability, and other coverage products; surety and fidelity bonds; property insurance products that include property, marine and boiler, and machinery coverages; and casualty insurance products, such as workers' compensation, general and product liability, and commercial auto and umbrella coverages. It also provides loss-sensitive insurance programs; and warranty, risk management, information, and claims administration services. The company markets its insurance products and services through independent agents, brokers, and managing general underwriters. In addition, the company is involved in the transportation and storage of natural gas and natural gas liquids(NGLs), and hydrocarbons through natural gas pipelines covering approximately 13,615 miles of interconnected pipelines; 450 miles of NGL pipelines in Louisiana and Texas; 14 underground storage fields with an aggregate gas capacity of approximately 213 billion cubic feet of natural gas; and eleven salt dome caverns and related brine infrastructure for providing brine supply services. Further, the company operates a chain of 26 hotels; and develops, manufactures, and markets a range of extrusion blow-molded and injection molded plastic containers for customers in the pharmaceutical, dairy, household chemicals, food/nutraceuticals, industrial/specialty chemicals, and water and beverage/juice segments, as well as manufactures commodity and differentiated plastic resins from recycled plastic materials. Loews Corporation was incorporated in 1969 and is headquartered in New York, New York.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 15.68B | 14.04B | 14.12B | 13.79B | 14.93B | 14.07B | 13.74B | 13.11B | 13.42B | 14.33B | 15.05B | 14.55B | 14.13B | 14.62B | 14.12B | 13.25B | 18.38B | 17.91B | 16.02B | 15.24B | 16.46B | 17.50B | 19.42B | 21.34B | 21.47B | 21.21B | 20.14B | 20.44B | 18.68B | 13.52B | 13.69B | 13.69B | 13.62B | 12.64B | 11.44B | 10.87B | 9.32B | 8.63B | 6.32B |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 15.68B | 14.04B | 14.12B | 13.79B | 14.93B | 14.07B | 13.74B | 13.11B | 13.42B | 14.33B | 15.05B | 14.55B | 14.13B | 14.62B | 14.12B | 13.25B | 18.38B | 17.91B | 16.02B | 15.24B | 16.46B | 17.50B | 19.42B | 21.34B | 21.47B | 21.21B | 20.14B | 20.44B | 18.68B | 13.52B | 13.69B | 13.69B | 13.62B | 12.64B | 11.44B | 10.87B | 9.32B | 8.63B | 6.32B |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.98B | 4.26B | 3.55B | 3.16B | 1.85B | 1.53B | 1.51B | 1.28B | 1.07B | 1.13B | 992.00M | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.55B | 1.39B | 0.00 | 1.19B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 3.38B | 3.05B | 2.96B | 3.92B | 4.85B | 4.81B | 4.67B | 4.16B | 0.00 | 0.00 | 0.00 | 0.00 | 1.55B | 1.39B | 0.00 | 1.19B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.98B | 4.26B | 3.55B | 3.16B | 1.85B | 1.53B | 1.51B | 1.28B | 1.07B | 1.13B | 992.00M | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Expenses | 12.30B | 3.08B | -15.62B | -19.08B | -18.85B | 12.66B | 11.51B | 11.63B | 12.65B | 12.02B | 11.91B | 11.62B | 9.83B | 9.81B | 10.90B | 10.44B | -17.05B | -13.66B | 13.64B | -13.15B | -17.30B | -15.69B | -19.85B | -20.21B | -25.03B | -24.99B | -23.06B | -22.69B | -19.43B | -14.59B | -14.39B | -15.09B | -13.41B | -12.74B | -11.46B | -9.50B | -8.52B | -7.92B | -5.64B |
| Operating Expenses | 15.68B | 3.08B | -15.62B | -19.08B | -18.85B | 12.66B | 11.51B | 11.63B | 12.65B | 12.02B | 11.91B | 11.62B | 11.38B | 11.20B | 10.90B | 11.62B | -17.05B | -13.66B | 13.64B | -13.15B | -17.30B | -15.69B | -19.85B | -20.21B | -21.05B | -20.73B | -19.52B | -19.53B | -17.57B | -13.06B | -12.88B | -13.81B | -12.33B | -11.60B | -10.47B | -9.50B | -8.52B | -7.92B | -5.64B |
| Cost & Expenses | 15.68B | 12.66B | 11.94B | 15.26B | 13.81B | 13.23B | 12.15B | 12.17B | 13.17B | 12.52B | 13.62B | 13.15B | 11.90B | 11.71B | 12.39B | 12.66B | 13.81B | 13.44B | 14.17B | 13.42B | 17.84B | 15.85B | 20.23B | 18.13B | 20.52B | 20.13B | 18.55B | 18.03B | 15.84B | 13.25B | 1.67B | 1.43B | 11.42B | 10.77B | 9.54B | 127.60M | 140.60M | 101.40M | 31.20M |
| Interest Income | 0.00 | 378.00M | 424.00M | 515.00M | 591.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 14.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 376.00M | 378.00M | 424.00M | 515.00M | 591.00M | 574.00M | 646.00M | 536.00M | 520.00M | 498.00M | 442.00M | 440.00M | 522.00M | 517.00M | 448.00M | 345.00M | 318.00M | 304.10M | 364.20M | 324.10M | 308.40M | 309.60M | 332.00M | 356.90M | 354.30M | 369.20M | 323.40M | 318.00M | 282.50M | 174.60M | 162.30M | 148.80M | 163.60M | 171.60M | 130.90M | 127.60M | 140.60M | 101.40M | 31.20M |
| Depreciation & Amortization | 1.74B | 1.71B | 1.61B | 1.65B | 1.69B | 1.66B | 874.00M | 841.00M | 955.00M | 899.00M | 871.00M | 905.00M | 833.00M | 816.00M | 585.00M | 393.00M | 221.00M | -8.00M | 174.50M | 329.30M | 192.00M | 139.00M | 58.70M | -13.90M | 298.00M | 219.70M | 226.50M | 107.40M | 84.40M | 40.70M | 39.80M | 11.00M | -45.00M | -24.80M | -235.50M | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | 3.99B | 3.07B | 4.21B | -215.00M | 3.40B | 3.06B | 3.10B | 2.31B | 1.72B | 3.21B | 2.65B | 2.74B | 2.96B | 3.52B | 2.96B | 1.62B | 5.40B | 5.18B | 2.59B | 2.50B | -644.40M | 1.94B | -373.80M | 1.11B | 1.60B | 1.67B | 2.14B | 2.83B | 3.21B | 492.18M | 297.40M | 159.80M | 118.60M | 146.80M | -104.60M | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Ratio | 25.44% | 8.27% | -7.02% | -33.02% | -19.93% | 16.00% | 20.78% | 17.18% | 12.61% | 17.07% | 15.07% | 15.13% | 20.92% | 24.06% | 13.76% | 39.82% | 8.42% | 23.66% | 13.99% | 15.87% | -3.91% | 11.10% | -1.93% | 5.22% | 3.31% | 3.30% | 4.21% | 4.98% | 6.36% | 3.64% | 6.16% | -0.78% | 9.11% | 8.00% | 6.42% | 12.54% | 8.59% | 8.15% | 10.76% |
| Operating Income | 2.21B | 652.00M | -1.51B | -5.29B | -3.92B | 1.34B | 1.98B | 1.41B | 737.00M | 1.55B | 1.40B | 1.30B | 2.12B | 2.70B | 1.36B | 4.88B | 1.33B | 4.25B | 2.07B | 2.09B | -836.40M | 1.80B | -432.50M | 1.13B | 412.00M | 479.50M | 621.70M | 910.50M | 1.10B | 451.48M | 803.00M | -117.30M | 1.29B | 1.04B | 969.50M | 1.36B | 800.80M | 702.70M | 680.40M |
| Operating Income Ratio | 14.07% | 4.64% | -10.67% | -38.34% | -26.25% | 9.51% | 14.42% | 10.76% | 5.49% | 10.79% | 9.28% | 8.91% | 15.02% | 18.47% | 9.61% | 36.85% | 7.21% | 23.71% | 12.90% | 13.71% | -5.08% | 10.31% | -2.23% | 5.28% | 1.92% | 2.26% | 3.09% | 4.45% | 5.90% | 3.34% | 5.87% | -0.86% | 9.44% | 8.19% | 8.48% | 12.54% | 8.59% | 8.15% | 10.76% |
| Total Other Income/Expenses | -210.00M | -10.02B | -9.52B | -1.46B | -8.96B | -8.43B | -7.49B | -8.01B | -13.17B | -12.52B | 3.20B | -1.01B | -520.00M | -517.00M | -2.51B | -3.38B | -701.00M | -141.60M | -213.90M | -203.10M | -1.38B | 1.67B | -764.50M | 2.01B | 532.20M | 597.90M | 971.50M | 1.50B | 1.74B | 266.10M | 689.36M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax | 2.00B | 1.38B | 2.18B | -1.46B | 1.12B | 834.00M | 1.58B | 936.00M | 244.00M | 1.81B | 1.43B | 1.40B | 2.23B | 2.90B | 1.73B | 587.00M | 4.58B | 4.47B | 1.85B | 1.82B | -1.38B | 1.65B | -813.10M | 3.21B | 944.20M | 1.08B | 1.59B | 2.41B | 2.84B | 266.15M | 5.82B | 2.84B | 5.98B | 5.30B | 4.98B | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax Ratio | 12.73% | 9.83% | 15.46% | -10.61% | 7.49% | 5.93% | 11.52% | 7.14% | 1.82% | 12.64% | 9.49% | 9.61% | 15.80% | 19.86% | 12.25% | 4.43% | 24.89% | 24.97% | 11.53% | 11.95% | -8.37% | 9.41% | -4.19% | 15.02% | 4.40% | 5.08% | 7.91% | 11.78% | 15.20% | 1.97% | 42.55% | 20.73% | 43.92% | 41.91% | 43.50% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 451.00M | 278.00M | 479.00M | -173.00M | 248.00M | 128.00M | 170.00M | 220.00M | -43.00M | 457.00M | 360.00M | 289.00M | 536.00M | 895.00M | 345.00M | 7.00M | -1.48B | 1.45B | 490.40M | 533.80M | -534.10M | 582.20M | -175.40M | -1.11B | -305.50M | -354.50M | -495.30M | -791.40M | -945.30M | 9.04M | 46.60M | -388.70M | 217.50M | 59.00M | -68.50M | 325.90M | -36.00M | 55.80M | 60.20M |
| Net Income | 1.43B | 822.00M | 1.56B | -1.29B | 932.00M | 636.00M | 1.16B | 654.00M | 260.00M | 591.00M | 595.00M | 568.00M | 1.06B | 1.29B | 564.00M | 4.53B | 2.49B | 2.49B | 1.21B | 1.23B | -610.70M | 912.00M | -589.10M | 1.88B | 363.20M | 464.80M | 793.60M | 1.38B | 1.77B | 267.83M | 594.10M | 122.60M | 904.30M | 804.70M | 907.10M | 908.50M | 696.20M | 545.50M | 589.00M |
| Net Income Ratio | 9.15% | 5.85% | 11.06% | -9.36% | 6.24% | 4.52% | 8.47% | 4.99% | 1.94% | 4.13% | 3.95% | 3.90% | 7.53% | 8.81% | 4.00% | 34.20% | 13.54% | 13.91% | 7.56% | 8.08% | -3.71% | 5.21% | -3.03% | 8.80% | 1.69% | 2.19% | 3.94% | 6.77% | 9.45% | 1.98% | 4.34% | 0.90% | 6.64% | 6.37% | 7.93% | 8.36% | 7.47% | 6.32% | 9.32% |
| EPS | 6.30 | 3.39 | 6.08 | -4.61 | 3.08 | 1.99 | 3.46 | 1.93 | 0.76 | 1.55 | 1.53 | 1.44 | 2.69 | 3.08 | 1.30 | 9.05 | 3.66 | 3.75 | 1.72 | 1.88 | -1.10 | 1.64 | -1.03 | 3.10 | 0.56 | 0.68 | 1.15 | 1.99 | 2.50 | 0.37 | 0.77 | 0.15 | 1.10 | 0.92 | 1.01 | 1.00 | 0.75 | 0.56 | 0.61 |
| EPS Diluted | 6.29 | 3.38 | 6.06 | -4.61 | 3.07 | 1.99 | 3.45 | 1.93 | 0.72 | 1.55 | 1.53 | 1.43 | 2.63 | 3.07 | 1.30 | 9.05 | 3.65 | 3.75 | 1.72 | 1.88 | -1.10 | 1.64 | -1.00 | 3.10 | 0.56 | 0.68 | 1.15 | 1.99 | 2.50 | 0.37 | 0.77 | 0.15 | 1.10 | 0.92 | 1.01 | 1.00 | 0.75 | 0.56 | 0.61 |
| Weighted Avg Shares Out | 227.48M | 242.83M | 259.67M | 280.32M | 302.70M | 319.06M | 336.61M | 337.95M | 339.90M | 381.92M | 388.64M | 395.12M | 396.20M | 418.72M | 432.81M | 477.23M | 534.79M | 552.68M | 557.10M | 556.50M | 556.35M | 564.93M | 574.47M | 591.69M | 650.51M | 686.90M | 690.09M | 697.18M | 707.22M | 723.78M | 769.09M | 800.37M | 825.42M | 875.55M | 901.99M | 912.45M | 933.34M | 975.08M | 971.85M |
| Weighted Avg Shares Out (Dil) | 227.81M | 243.28M | 260.20M | 280.32M | 303.35M | 319.93M | 337.50M | 338.31M | 362.69M | 382.55M | 389.51M | 395.87M | 405.32M | 419.52M | 433.45M | 477.23M | 536.00M | 553.54M | 557.97M | 556.50M | 556.35M | 564.93M | 587.07M | 591.69M | 666.67M | 689.45M | 690.09M | 699.12M | 707.82M | 726.50M | 773.15M | 800.37M | 825.42M | 875.55M | 901.99M | 912.45M | 933.34M | 975.08M | 971.85M |
LOEWS CORPORATION ANNOUNCES QUARTERLY DIVIDEND ON COMMON STOCK
NEW YORK , Feb. 6, 2024 /PRNewswire/ -- Loews Corporation (NYSE: L) announced today the declaration of the Company's quarterly dividend of $0.0625 per share of Common Stock, payable March 5, 2024 to shareholders of record as of the close...
Loews Corporation (L) Q4 2023 Earnings Call Transcript
Loews Corporation (L) Q4 2023 Earnings Call Transcript
Loews fourth-quarter profit jumps on investment income gains
Loews Corp on Monday reported a near 26% jump in fourth-quarter profit, as higher premiums and a market rally at the end of last year helped the insurer earn more on its investments.
LOEWS CORPORATION REPORTS NET INCOME OF $446 MILLION FOR THE FOURTH QUARTER OF 2023 AND $1.4 BILLION FOR THE FULL YEAR
14.0 MILLION COMMON SHARES REPURCHASED IN 2023 FOR $852 MILLION NEW YORK, Feb. 5, 2024 /PRNewswire/ -- Loews Corporation (NYSE: L) today released its fourth quarter 2023 financial results. Fourth Quarter highlights: Loews Corporation reported net income of $446 million,...
Loews Corporation to Release Fourth Quarter 2023 Results on February 5, 2024
NEW YORK , Jan. 16, 2024 /PRNewswire/ -- Loews Corporation (NYSE: L) will report fourth quarter 2023 financial results on Monday, February 5, 2024. On that date the Company will also post earnings remarks on its website.
Loblaw Companies Limited (LBLCF) Q3 2023 Earnings Call Transcript
Loblaw Companies Limited (OTCPK:LBLCF) Q3 2023 Earnings Conference Call November 15, 2023 10:00 AM ET Company Participants Roy MacDonald - Vice President-Investor Relations Galen Weston - Chairman and President Richard Dufresne - Chief Financial Officer Conference Call Participants Irene Nattel...
LOEWS CORPORATION ANNOUNCES QUARTERLY DIVIDEND ON COMMON STOCK
NEW YORK , Nov. 7, 2023 /PRNewswire/ -- Loews Corporation (NYSE: L) announced today the declaration of the Company's quarterly dividend of $0.0625 per share of Common Stock, payable December 5, 2023 to shareholders of record as of the close...
Loews reports strong 3Q earnings, supported by insurance operations
Loews (NYSE:L) has reported a strong recovery in third-quarter revenue and earnings, supported by its insurance business and higher investment income. The conglomerate grew revenue to $3.93 billion for the three months to September 30, 2023, up from $3.46 billion...
LOEWS CORPORATION REPORTS NET INCOME OF $253 MILLION FOR THE THIRD QUARTER OF 2023
NEW YORK , Oct. 30, 2023 /PRNewswire/ -- Loews Corporation (NYSE: L) today released its third quarter 2023 financial results. Third Quarter highlights: Loews Corporation reported net income of $253 million, or $1.12 per share, in the third quarter of...
Loews Hollywood Reaches Union Agreement with UNITE HERE Local 11; Strikes Continue in Downtown LA and Other SoCal Hotels
LOS ANGELES--(BUSINESS WIRE)--After a historic summer of strikes, UNITE HERE Local 11 and Loews Hollywood have reached a tentative agreement. The Loews Hollywood joins the Westin Bonaventure and the historic Biltmore Los Angeles in signing an agreement with their workers....
Source: https://incomestatements.info
Category: Stock Reports