United States

Income Statements: Loews Corp (L.N)

L.N on New York Stock Exchange

28 Apr 2017
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$-0.71 (-1.50%)
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Annual Income Statement
View: AnnualInterim

In Millions ofU.S. Dollars
(except for per share items)
Period Length
12 Months
Total Premiums Earned 10,920.0
Net Investment Income 2,135.0
Realized Gains (Losses) 131.0
Other Revenue, Total --
Total Revenue 13,186.0
Losses, Benefits, and Adjustments, Total 5,283.0
Amortization of Policy Acquisition Costs 1,235.0
Selling/General/Admin. Expenses, Total --
Depreciation/Amortization --
Interest Expense, Net - Operating --
Interest Expense(Income) - Net Operating --
Unusual Expense (Income) 81.0
Other Operating Expenses, Total 5,115.0
Total Operating Expense 11,714.0
Operating Income 1,472.0
Interest Expense, Net Non-Operating (536.0)
Interest/Invest Income - Non-Operating --
Interest Income(Exp), Net Non-Operating --
Gain (Loss) on Sale of Assets --
Other, Net --
Net Income Before Taxes 936.0
Provision for Income Taxes 220.0
Net Income After Taxes 716.0
Minority Interest (62.0)
Equity In Affiliates --
U.S. GAAP Adjustment --
Net Income Before Extra. Items 654.0
Accounting Change --
Discontinued Operations 0.0
Extraordinary Item --
Tax on Extraordinary Items --
Net Income 654.0
Preferred Dividends --
General Partners' Distributions --
Miscellaneous Earnings Adjustment --
Pro Forma Adjustment --
Interest Adjustment - Primary EPS --
Income Available to Com Excl ExtraOrd 654.0
Income Available to Com Incl ExtraOrd 654.0
Basic Weighted Average Shares 337.95
Basic EPS Excluding Extraordinary Items 1.935
Basic EPS Including Extraordinary Items 1.935
Dilution Adjustment --
Diluted Weighted Average Shares 338.31
Diluted EPS Excluding ExtraOrd Items 1.933
Diluted EPS Including ExtraOrd Items 1.933
DPS - Common Stock Primary Issue 0.250
Gross Dividends - Common Stock 84.0
Total Special Items 81.0
Normalized Income Before Taxes 1,017.0
Effect of Special Items on Income Taxes 19.0
Inc Tax Ex Impact of Sp Items 239.0
Normalized Income After Taxes 778.0
Normalized Inc. Avail to Com. 716.0
Basic Normalized EPS 2.119
Diluted Normalized EPS 2.116

Fitch Affirms Loews Corporation's IDR at 'A'; Outlook Revised to Negative

(The following statement was released by the rating agency) CHICAGO, April 12 (Fitch) Fitch Ratings has affirmed Loews Corporations' (Loews; NYSE: L) long-term Issuer Default Rating (IDR) and senior unsecured notes at 'A'. The Rating Outlook is revised to Negative from Stable. The Negative Outlook reflects Fitch's application of its 'Rating Investment Holding Companies' criteria, in particular the quality and diversification of dividend flows from investees. The Fitch-calculated blended income s