L · XBRL financial data

Loews financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (L's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue	12,583	14,657	14,044	15,901	17,510	18,454
Revenue from contracts with customers	2,820	2,005	2,087	2,360	2,893	3,174
Interest expense	515	424	378	376	441	437
Income tax expense (benefit)	(173)	479	278	451	380	511
Net income (loss)	(931)	1,578	1,012	1,434	1,414	1,667
Earnings per share, basic USD per share	(3.32)	6.08	4.17	6.30	6.42	7.98
Earnings per share, diluted USD per share	(3.32)	6.07	4.16	6.29	6.41	7.97
Weighted average shares, basic millions of shares	280	260	243	227	220	209
Weighted average shares, diluted millions of shares	280	260	243	228	221	209

Fiscal years (L's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	478	621	532	399	541	495
Marketable securities	4,674	4,860	4,854	4,396	4,606	6,044
Property and equipment, net	10,451	9,888	10,027	10,718	10,738	10,695
Right-of-use asset	370	272	328	302	320	301
Goodwill	785	349	346	347	347	349
Total assets	80,236	81,626	75,494	79,197	81,943	86,348
Total liabilities	61,055	62,451	60,016	62,672	64,006	66,707
Retained earnings	14,150	14,776	15,144	15,617	16,459	17,377
Total stockholders' equity	17,860	17,846	14,598	15,704	17,066	18,686
Total liabilities and equity	80,236	81,626	75,494	79,197	81,943	86,348
Common shares outstanding (cover page) millions of shares	267	248	235	222	213	206

Fiscal years (L's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	(931)	1,578	1,012	1,434	1,414	1,667
Depreciation and amortization	673	503	509	534	580	607
Net cash from operating activities	1,745	2,623	3,314	3,907	3,025	3,279
Purchases of property and equipment	710	482	660	686	632	579
Net cash from investing activities	(1,414)	(1,187)	(2,347)	(2,745)	(1,975)	(2,828)
Share repurchases	923	1,136	729	849	608	806
Dividends paid	70	65	61	57	55	52
Net cash from financing activities	(198)	(1,289)	(1,037)	(1,300)	(898)	(513)
Net change in cash	142	143	(89)	(133)	142	(46)

SIC 6331 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 6331 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Quarter
Loews	505	843	954*	202.2M	Q3 FY26 10-QSep 30, 2026
Everest Group	987	3,713	667*	37.0M	Q3 FY26 10-QSep 30, 2026
Renaissancere Holdings	1,098	1,691	795*	40.4M	Q3 FY26 10-QSep 30, 2026
Berkley W R	2,113	3,739	731*	371.5M	Q3 FY26 10-QSep 30, 2026
Cincinnati Financial	1,239	3,047	791*	153.5M	Q3 FY26 10-QSep 30, 2026
Kinsale Capital Group	161	455	264*	22.5M	Q3 FY26 10-QSep 30, 2026
Markel Group	3,602	4,158	946*	12.2M	Q3 FY26 10-QSep 30, 2026
American Financial Group	1,438	2,030	92*	82.9M	Q2 FY26 10-QJun 30, 2026
Axis Capital Holdings	1,038	1,790	878*	71.7M	Q3 FY26 10-QSep 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.