See more : Keyence Corporation (KYCCF) Income Statement Analysis – Financial Results
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 (L) CEO James Tisch on Q4 2021 Results - Earnings Call Transcript
Loews Corporation (L) CEO James Tisch on Q4 2021 Results - Earnings Call Transcript
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Loews Corporation (L) CEO James Tisch on Q3 2021 Results - Earnings Call Transcript
Loews Corporation (L) CEO James Tisch on Q3 2021 Results - Earnings Call Transcript
Loews Hotels & Co Breaks Ground on New $550 Million Loews Arlington Hotel and Convention Center
ARLINGTON, Texas, Oct. 12, 2021 /PRNewswire/ -- Loews Hotels & Co, a wholly owned subsidiary of Loews Corporation (NYSE: L), has officially broken ground on the new $550 million Loews Arlington Hotel and Convention Center. Executives from the company were joined...
Loews Corporation Announces Quarterly Dividend On Common Stock
NEW YORK, Aug. 3, 2021 /PRNewswire/ -- Loews Corporation (NYSE: L) announced today the declaration of the Company's quarterly dividend of $0.0625 per share of Common Stock, payable August 31, 2021 to shareholders of record as of the close of...
Loews Corporation (L) CEO Jim Tisch on Q2 2021 Results - Earnings Call Transcript
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Loews Corporation Reports Net Income Of $754 Million For The Second Quarter Of 2021
NEW YORK, Aug. 2, 2021 /PRNewswire/ -- Loews Corporation (NYSE:L) today reported net income of $754 million, or $2.86 per share, for the second quarter of 2021 compared to a net loss of $835 million, or $2.96 per share, for...
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