For the year ending 2025-12-31, L has $86,348M in assets. $66,707M in debts.
| Balance Sheets | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Fixed maturities, amortized cost of 45,250 and 44,196, less allowance for credit loss of 69 and 45 | 43,984 | 41,827 | 40,626 | 37,697 |
| Equity securities, cost of 1,201 and 969 | 1,292 | 1,064 | 1,050 | 1,139 |
| Limited partnership investments | 2,861 | 2,520 | 2,174 | 1,954 |
| Other invested assets, primarily mortgage loans, less allowance for credit loss of 15 and 35 | 1,195 | 1,113 | 1,123 | 1,124 |
| Short-term investments | 6,044 | 4,606 | 4,396 | 4,854 |
| Total investments | 55,376 | 51,130 | 49,369 | 46,768 |
| Cash | 495 | 541 | 399 | 532 |
| Reinsurance (note 16) | 6,408 | 6,072 | 5,434 | 5,438 |
| Insurance | 3,764 | 3,697 | 3,470 | 3,187 |
| Receivable from brokers | 58 | 50 | 64 | 151 |
| Accrued investment income | 485 | 458 | 446 | 403 |
| Income taxes | 3 | 9 | 21 | 28 |
| Other, primarily customer accounts | 318 | 284 | 277 | 248 |
| Total | 11,036 | 10,570 | 9,712 | 9,455 |
| Less allowance for doubtful accounts on reinsurance receivables | 27 | 21 | 22 | 22 |
| Less allowance for other doubtful accounts | 26 | 27 | 30 | 30 |
| Receivables | 10,983 | 10,522 | 9,660 | 9,403 |
| Property, plant and equipment | 10,695 | 10,738 | 10,718 | 10,027 |
| Goodwill | 349 | 347 | 347 | 346 |
| Deferred non-insurance warranty acquisition expenses | 3,220 | 3,525 | 3,661 | 3,671 |
| Deferred acquisition costs of insurance subsidiaries | 986 | 959 | 896 | 806 |
| Other assets | 4,244 | 4,181 | 4,147 | 3,941 |
| Total assets | 86,348 | 81,943 | 79,197 | 75,494 |
| Claim and claim adjustment expense | 26,599 | 24,976 | 23,304 | 25,099 |
| Future policy benefits | 13,448 | 13,158 | 13,959 | 10,151 |
| Unearned premiums | 7,635 | 7,346 | 6,933 | 6,374 |
| Total insurance reserves | 47,682 | 45,480 | 44,196 | 41,624 |
| Payable to brokers | 53 | 110 | 79 | 133 |
| Short-term debt | 1,052 | 5 | 1,084 | 854 |
| Long-term debt | 8,437 | 8,939 | 7,919 | 8,165 |
| Deferred income taxes | 839 | 550 | 398 | 243 |
| Deferred non-insurance warranty revenue | 4,138 | 4,530 | 4,694 | 4,714 |
| Other liabilities | 4,506 | 4,392 | 4,302 | 4,283 |
| Total liabilities | 66,707 | 64,006 | 62,672 | 60,016 |
| Preferred stock | 0 | 0 | 0 | 0 |
| Common stock | 2 | 2 | 2 | 2 |
| Additional paid-in capital | 2,374 | 2,490 | 2,589 | 2,748 |
| Retained earnings | 17,377 | 16,459 | 15,617 | 15,144 |
| Accumulated other comprehensive loss | -1,067 | -1,867 | -2,497 | -3,284 |
| Shareholders' equity before treasury stock, total | 18,686 | 17,084 | 15,711 | 14,610 |
| Less treasury stock, at cost (0 and 212,251 shares) | 0 | 18 | 7 | 12 |
| Total shareholders equity | 18,686 | 17,066 | 15,704 | 14,598 |
| Noncontrolling interests | 955 | 871 | 821 | 880 |
| Total equity | 19,641 | 17,937 | 16,525 | 15,478 |
| Total liabilities and equity | 86,348 | 81,943 | 79,197 | 75,494 |
LOEWS CORP (L)
LOEWS CORP (L)