Ticker
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LOEWS CORP   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2020201920182017201620152014201320122011
Period End Date12/31/202012/31/201912/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/201212/31/2011
Insurance premiums7,649.007,428.007,312.006,988.006,924.006,921.007,212.007,271.006,881.006,603.00
Investment gains (losses)(1,246.00)49.00(57.00)122.0050.00(71.00)54.0016.0048.00(52.00)
Net investment income1,995.002,355.001,817.002,182.002,135.001,866.002,163.002,425.002,177.002,063.00
Other2,933.003,938.003,987.004,053.003,635.002,339.002,159.002,057.002,030.002,261.00
Manufactured products--------------------
Gain on issuance of subsidiary stock--------------------
Contract drilling revenues----------2,360.002,737.002,844.002,936.003,254.00
Non-insurance warranty revenue1,252.001,161.001,007.00390.00361.00----------
Total Revenue12,583.0014,931.0014,066.0013,735.0013,105.0013,415.0014,325.0014,613.0014,072.0014,129.00
Insurance claims and policyholders’ benefits6,170.005,806.005,572.005,310.005,283.005,384.005,591.005,806.005,729.005,489.00
Amortization of deferred acquisition costs1,410.001,383.001,335.001,233.001,235.001,540.001,317.001,362.001,274.001,176.00
Impairment of goodwill------------------0.00
Other operating expenses(4,793.00)(4,950.00)(4,828.00)(4,665.00)(4,844.00)(4,499.00)3,585.00(3,170.00)(3,084.00)(3,167.00)
Cost of manufactured products sold--------------------
Contract drilling expenses----------(1,228.00)1,524.00(1,573.00)(1,537.00)(1,549.00)
Non-insurance warranty expense(1,159.00)(1,082.00)(923.00)(299.00)(271.00)----------
Interest515.00591.00574.00646.00536.00520.00498.00425.00426.00522.00
Restructuring and other related charges--------------------
Impairment of natural gas and oil properties--------------------
Pre-Tax Income(1,464.00)1,119.00834.001,582.00936.00244.001,810.002,277.002,022.002,226.00
Income tax expense (benefit)(173.00)248.00128.00170.00220.00(43.00)457.00656.00513.00532.00
Federal:Current43.00108.006.00157.0071.0079.00370.00705.00180.00127.00
Federal:Deferred(260.00)47.0085.00(63.00)102.00(234.00)(23.00)(232.00)199.00246.00
State and city:Current1.0018.0015.0022.0013.0021.0012.0019.0019.0010.00
State and city:Deferred13.0022.009.0017.0013.005.006.001.005.0014.00
State and city:Foreign30.0053.0013.0037.0021.0086.0092.00163.00110.00135.00
Minority interest--------------------
Income (loss) from continuing operations------------1,353.001,621.001,509.00--
Discontinued operations, net------------(391.00)(552.00)(399.00)--
Discontinued operations, net: Results of operations--------------------
Discontinued operations, net: Gain on disposal--------------------
Income (Loss) before cumulative effect of changes in accounting principles--------------------
Cumulative effect of changes in accounting principles-net--------------------
Net income (loss)(1,291.00)871.00706.001,412.00716.00287.00962.001,069.001,110.001,694.00
Deduct amounts attributable to noncontrolling interests(360.00)(61.00)70.00248.0062.0027.00371.00474.00542.00632.00
Net income - Loews--------------------
Income attributable to former Carolina Group stock--------------------
Net income (loss) available to common shareholders(931.00)932.00636.001,164.00654.00260.00591.00595.00568.001,062.00
Basic:Income (loss) from continuing operations------------2.522.962.45--
Basic:Discontinued operations, net------------(0.97)(1.43)(1.01)--
Basic:Cumulative effect of changes in accounting principles--------------------
Basic:Net income (loss)(3.32)3.081.993.461.930.721.551.531.442.62
Basic net income per former Carolina Group share--------------------
Diluted:Income (loss) from continuing operations------------2.522.952.44--
Diluted:Discontinued operations, net------------(0.97)(1.42)(1.01)--
Diluted:Cumulative effect of changes in accounting principles--------------------
Diluted:Net income (loss)(3.32)3.071.993.451.930.721.551.531.432.62
Diluted net income per former Carolina Group share--------------------
Basic weighted average number of shares outstanding:Loews common stock280.32302.70319.06336.61337.95362.43381.92388.64395.12404.53
Basic weighted average number of shares outstanding:Carolina Group stock--------------------
Diluted weighted average number of shares outstanding:Loews common stock280.32303.35319.93337.50338.31362.69382.55389.51395.87405.32
Diluted weighted average number of shares outstanding:Carolina Group stock--------------------