Income Statements: Loews Corp (L.N)
46.39USD
22 May 2013
$-0.27 (-0.58%)
$46.66
$46.66
$47.10
$46.18
321,484
343,463
$47.10
$38.14
|
In Millions of U.S. Dollars (except for per share items) |
2012 2012-12-31 Period Length 12 Months |
|---|---|
| Total Premiums Earned | 6,882.0 |
| Net Investment Income | 2,349.0 |
| Realized Gains (Losses) | 57.0 |
| Other Revenue, Total | 5,264.0 |
| Total Revenue | 14,552.0 |
| Losses, Benefits, and Adjustments, Total | 5,896.0 |
| Amortization of Policy Acquisition Costs | 1,274.0 |
| Selling/General/Admin. Expenses, Total | -- |
| Depreciation/Amortization | -- |
| Interest Expense, Net - Operating | 440.0 |
| Interest Expense(Income) - Net Operating | -- |
| Unusual Expense (Income) | -- |
| Other Operating Expenses, Total | 5,543.0 |
| Total Operating Expense | 13,153.0 |
| Operating Income | 1,399.0 |
| Interest Expense, Net Non-Operating | -- |
| Interest/Invest Income - Non-Operating | -- |
| Interest Income(Exp), Net Non-Operating | -- |
| Gain (Loss) on Sale of Assets | -- |
| Other, Net | -- |
| Net Income Before Taxes | 1,399.0 |
| Provision for Income Taxes | 289.0 |
| Net Income After Taxes | 1,110.0 |
| Minority Interest | (542.0) |
| Equity In Affiliates | -- |
| U.S. GAAP Adjustment | -- |
| Net Income Before Extra. Items | 568.0 |
| Accounting Change | -- |
| Discontinued Operations | 0.0 |
| Extraordinary Item | -- |
| Tax on Extraordinary Items | -- |
| Net Income | 568.0 |
| Preferred Dividends | -- |
| General Partners' Distributions | -- |
| Miscellaneous Earnings Adjustment | -- |
| Pro Forma Adjustment | -- |
| Interest Adjustment - Primary EPS | -- |
| Income Available to Com Excl ExtraOrd | 568.0 |
| Income Available to Com Incl ExtraOrd | 568.0 |
| Basic Weighted Average Shares | 395.12 |
| Basic EPS Excluding Extraordinary Items | 1.438 |
| Basic EPS Including Extraordinary Items | 1.438 |
| Dilution Adjustment | -- |
| Diluted Weighted Average Shares | 395.87 |
| Diluted EPS Excluding ExtraOrd Items | 1.435 |
| Diluted EPS Including ExtraOrd Items | 1.435 |
| DPS - Common Stock Primary Issue | 0.250 |
| Gross Dividends - Common Stock | 99.0 |
| Total Special Items | -- |
| Normalized Income Before Taxes | 1,399.0 |
| Effect of Special Items on Income Taxes | -- |
| Inc Tax Ex Impact of Sp Items | 289.0 |
| Normalized Income After Taxes | 1,110.0 |
| Normalized Inc. Avail to Com. | 568.0 |
| Basic Normalized EPS | 1.438 |
| Diluted Normalized EPS | 1.435 |
Loews profit falls 34 percent on lower investment income
- Hotel, energy and financial services conglomerate Loews Corp reported a 34 percent drop in first-quarter profit due to higher impairment charges and a sharp fall in investment income.
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