Loews Corp

NYSE:L

United States / Financials / Insurance

Overview

News

10Y Bank Historical Financials

Stock Price

90.64 USD

Model Summary
-	-
Key Metrics	Latest
Total Revenue	17.51 B
Net Profit Margin	8.5%
Total Assets	81.943 B
Total Equity	17.937 B

10Y Historical Financial Statements

Summary Financials


Summary Financials

	Fiscal Year Ending										Latest
(in millions)	Dec-15	Dec-16	Dec-17	Dec-18	Dec-19	Dec-20	Dec-21	Dec-22	Dec-23	Dec-24	12 Months

Net Revenue	13,415	13,105	13,735	14,066	14,931	12,583	14,657	14,044	15,901	17,510	17,510
% Growth		-2.3%	4.8%	2.4%	6.1%	-15.7%	16.5%	-4.2%	13.2%	10.1%

Adjusted Net Income	939	1,219	1,412	722	944	(696)	1,685	910	1,554	1,494	1,494
% Margin	7.0%	9.3%	10.3%	5.1%	6.3%	-5.5%	11.5%	6.5%	9.8%	8.5%	8.5%

Adjusted Basic EPS	2.59	3.61	4.19	2.26	3.12	(2.48)	6.49	3.75	6.83	6.78	6.78

Supporting Calculations

Income Statement

Balance Sheet

Statement of Cashflows


Income Statement
											Original
USD	Fiscal Year Ending										Latest
(in millions)	Dec-15	Dec-16	Dec-17	Dec-18	Dec-19	Dec-20	Dec-21	Dec-22	Dec-23	Dec-24	Dec-24
	FY - 9	FY - 8	FY - 7	FY - 6	FY - 5	FY - 4	FY - 3	FY - 2	FY - 1	FY	LTM

Net Revenue	13,415	13,105	13,735	14,066	14,931	12,583	14,657	14,044	15,901	17,510	17,510
% Growth	NA	-2.3%	4.8%	2.4%	6.1%	-15.7%	16.5%	-4.2%	13.2%	10.1%

Research and Development	0	0	0	0	0	0	0	0	0	0	0
Selling and Marketing	0	0	0	0	0	0	0	0	0	0	0
General and Admin	0	(4,164)	(4,665)	(4,806)	(4,851)	(3,916)	(2,957)	(3,052)	(3,381)	(4,170)	(4,170)
Other Exp / (Inc)	(12,651)	(7,469)	(6,842)	(7,852)	(8,370)	(9,616)	(9,116)	(9,500)	(10,148)	(11,025)	(11,025)
Total Operating Exp	(12,651)	(11,633)	(11,507)	(12,658)	(13,221)	(13,532)	(12,073)	(12,552)	(13,529)	(15,195)	(15,195)

Operating Income	764	1,472	2,228	1,408	1,710	(949)	2,584	1,492	2,372	2,315	2,315
% Revenue	5.7%	11.2%	16.2%	10.0%	11.5%	-7.5%	17.6%	10.6%	14.9%	13.2%	13.2%

Interest Expense	(520)	(536)	(646)	(574)	(591)	(515)	(424)	(378)	(376)	(441)	(441)
Pre-tax Income	244	936	1,582	834	1,119	(1,464)	2,160	1,114	1,996	1,874	1,874
Earnings of Discontinued Ops.	0	0	0	0	0	0	0	0	0	0	0
Provision for Taxes	43	(220)	(170)	(128)	(248)	173	(475)	(223)	(451)	(380)	(380)
Net Income to Company	287	716	1,412	706	871	(1,291)	1,685	891	1,545	1,494	1,494
% Margin	2.1%	5.5%	10.3%	5.0%	5.8%	-10.3%	11.5%	6.3%	9.7%	8.5%	8.5%

Minority Interest in Earnings	(27)	(62)	(248)	(70)	61	360	(123)	(69)	(111)	(80)	(80)
Net Income to Stockholders	260	654	1,164	636	932	(931)	1,562	822	1,434	1,414	1,414

Preferred Dividends	0	0	0	0	0	0	0	0	0	0	0
Other Adj.	0	0	0	0	0	0	0	0	0	0	0

Net Income to Common	260	654	1,164	636	932	(931)	1,562	822	1,434	1,414	1,414
% Margin	1.9%	5.0%	8.5%	4.5%	6.2%	-7.4%	10.7%	5.9%	9.0%	8.1%	8.1%

As Reported
Basic EPS (Continuing Ops)	0.72	1.94	3.46	1.99	3.08	(3.32)	6.02	3.39	6.30	6.42	6.42
Diluted EPS (Continuing Ops)	0.72	1.93	3.45	1.99	3.07	(3.32)	6.00	3.38	6.29	6.41	6.41

WA Basic Shares Out.	362	338	337	319	303	280	260	243	227	220	220
WA Diluted Shares Out.	363	338	338	320	303	280	260	243	228	221	221

Unusual Items Reconciliation
Addback: Other Non Operating Expenses, Total	(43)	0	0	0	0	73	(26)	(139)	(120)	(58)	(58)
Addback: Restructuring Charges	0	0	0	0	0	0	0	0	0	0	0
Addback: Merger / Acquisition Expenses	0	0	0	0	0	0	0	0	0	0	0
Addback: Goodwill Impairment	20	0	0	0	0	0	0	0	0	0	0
Addback: Gain (Loss) On Sale Of Invest.	0	0	0	0	0	0	0	0	0	0	0
Addback: Gain (Loss) On Sale Of Assets	0	0	0	0	0	0	0	0	0	0	0
Addback: Asset Writedown	861	680	0	22	99	804	0	25	12	0	0
Addback: In Process R&D Expenses	0	0	0	0	0	0	0	0	0	0	0
Addback: Insurance Settlements	0	0	0	0	0	0	0	0	0	0	0
Addback: Legal Settlements	0	0	0	0	0	0	0	0	0	0	0
Addback: Other Unusual Items	0	0	0	0	0	0	0	0	0	0	0
Total Unusual Items	838	680	0	22	99	877	(26)	(114)	(108)	(58)	(58)
% Margin	6.2%	5.2%	0.0%	0.2%	0.7%	7.0%	-0.2%	-0.8%	-0.7%	-0.3%	-0.3%

Adjusted Net Income Reconciliation
Net Income to Company	287	716	1,412	706	871	(1,291)	1,685	891	1,545	1,494	1,494
Addback: Unusual Items	881	680	0	22	99	804	0	25	12	0	0
Less: Tax Benefit of Unusual Items (26%)	(229)	(177)	0	(6)	(26)	(209)	0	(7)	(3)	0	0
Adjusted Net Income	939	1,219	1,412	722	944	(696)	1,685	910	1,554	1,494	1,494
% Margin	7.0%	9.3%	10.3%	5.1%	6.3%	-5.5%	11.5%	6.5%	9.8%	8.5%	8.5%

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Loews Corp

NYSE:L

United States / Financials / Insurance

10Y Bank Historical Financials