LOEWS CORP

LCIK 000006008619 fiscal yearsInsurance lens ↓

RevenueFY2025

$18.45B5.4%

Net incomeFY2025

$1.67B17.9%

Free cash flowFY2025

$2.70B12.8%

Diluted EPSFY2025

$7.9724.3%

Trends

FY2007–FY2025 · hover a year for its filing

Revenue & net incomeRevenueNet income

revenue 1.3× since FY2007 · net margin 17.4% → 9.0%

MarginsNet marginFCF margin

FY2025: net 9.0% · free cash flow 14.6% of revenue

Cash flowOperating cash flowFree cash flow

FY2025: $3.28B operating cash − $579.0M capex = $2.70B free cash flow

Returns on capitalReturn on equityReturn on assets

return on equity 34% (FY2008) → 9% (FY2025) · on assets 1.9%

Balance sheetLiabilitiesEquity

FY2025: $86.35B assets · $66.71B liabilities · $18.69B equity

Financial statements

Annual Quarterly

USD millions, except per-share values; share counts in millions. Hover a value for its XBRL tag and filing accession.

USD millions	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014
Revenue	18,454	17,510	15,901	14,044	14,657	12,583	14,931	14,066	13,735	13,105	13,415	14,325
Net income	1,667	1,414	1,434	822	1,562	(931)	932	636	1,164	654	260	591
Diluted EPS	7.97	6.41	6.29	3.38	6.00	(3.32)	3.07	1.99	3.45	1.93	0.72	1.55
Diluted shares	209	221	228	243	260	280	303	320	338	338	363	383
Operating cash flow	3,279	3,025	3,907	3,314	2,623	1,745	1,741	4,222	2,590	2,253	3,547	2,990
Capital expenditures	579	632	686	660	482	710	1,041	995	1,031	1,450	1,555	2,753
Free cash flow	2,700	2,393	3,221	2,654	2,141	1,035	700	3,227	1,559	803	1,992	237
Cash & equivalents	495	541	399	532	621	478	336	405	472	—	—	—
Total assets	86,348	81,943	79,197	75,567	81,626	80,236	82,243	78,316	79,586	76,594	76,006	78,367
Total liabilities	66,707	64,006	62,672	60,366	62,451	61,055	60,313	56,930	55,020	53,233	53,196	53,717
Shareholders' equity	18,686	17,066	15,704	14,349	17,846	17,860	19,119	18,518	19,204	18,163	17,561	19,280

As reported in SEC filings; a missing tag shows “—”, never zero. Free cash flow is operating cash flow − capex. Methodology

Insurance lens

Metrics specific to insurers. Annual figures, in USD millions; ratios in percent.

USD millions	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014
Premiums earned	10,900	10,211	9,480	8,667	8,175	7,649	7,428	7,312	6,988	6,924	6,921	7,212
Policyholder benefits & claims	8,294	7,738	7,068	6,653	6,371	6,170	5,806	5,572	5,310	5,283	5,384	5,591
Loss ratio	76.1%	75.8%	74.6%	76.8%	77.9%	80.7%	78.2%	76.2%	76.0%	76.3%	77.8%	77.5%

Premiums earned and policyholder benefits are as reported. Brokers such as Aon and Marsh McLennan earn fees, not premiums, so those rows are blank for them. The loss ratio (benefits ÷ premiums earned) is computed by stonks for full fiscal years only.