Loews Corporation (L) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 4.55B | 4.66B | 4.6B | 4.47B | 4.44B | 4.47B | 4.4B | 4.19B | 4.18B | 4.19B | 3.9B | 3.83B | 3.76B | 3.79B | 3.49B | 3.38B | 3.38B | 3.57B | 3.28B | 3.3B |
| Revenue Growth % | 2.64% | 4.27% | 4.64% | 6.7% | 6.25% | 6.63% | 12.88% | 9.39% | 11.21% | 10.49% | 11.57% | 13.37% | 11.06% | 6.24% | 6.43% | 2.49% | -5.4% | -1.03% | -3.3% | -4.76% |
| Medical Costs & Claims | 2.17B | 2.63B | 2.52B | 2.55B | 2.5B | 2.49B | 2.48B | 2.32B | 2.25B | 0 | 2.25B | 2.18B | 2.03B | 2.07B | 2.26B | 1.98B | 1.82B | 2.02B | 2B | 1.9B |
| Medical Cost Ratio % | 47.75% | 56.32% | 54.64% | 57.09% | 56.29% | 55.75% | 56.29% | 55.26% | 53.89% | 0% | 57.79% | 56.93% | 54.1% | 54.61% | 64.79% | 58.41% | 53.87% | 56.68% | 60.94% | 57.68% |
| Gross Profit | 2.38B | 2.04B | 2.09B | 1.92B | 1.94B | 1.98B | 1.92B | 1.88B | 1.93B | 4.19B | 1.65B | 1.65B | 1.72B | 1.72B | 1.23B | 1.41B | 1.56B | 1.55B | 1.28B | 1.4B |
| Gross Margin % | 52.25% | 43.68% | 45.36% | 42.91% | 43.71% | 44.25% | 43.71% | 44.74% | 46.11% | 100% | 42.21% | 43.07% | 45.9% | 45.39% | 35.21% | 41.59% | 46.13% | 43.32% | 39.06% | 42.32% |
| Gross Profit Growth % | 22.68% | 2.93% | 8.58% | 2.35% | 0.73% | -52.81% | 16.9% | 13.63% | 11.72% | 143.44% | 33.74% | 17.43% | 10.51% | 11.31% | -4.06% | 0.72% | -8.77% | -11.95% | -9.59% | -5.68% |
| Operating Expenses | 1.84B | 1.5B | 1.4B | 1.38B | 1.43B | 1.79B | 1.37B | 1.37B | 1.3B | 3.58B | 1.29B | 1.14B | 1.21B | 1.25B | 1.25B | 1.17B | 1.12B | 1.09B | 978M | 384M |
| OpEx / Revenue % | 40.42% | 32.07% | 30.39% | 30.87% | 32.13% | 40.04% | 31.21% | 32.65% | 31.05% | 85.38% | 33.08% | 29.82% | 32.08% | 32.84% | 35.93% | 34.63% | 33.15% | 30.47% | 29.8% | 11.64% |
| Depreciation & Amortization | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Combined Ratio % | 88.17% | 88.39% | 85.03% | 87.95% | 88.42% | 95.79% | 87.5% | 87.91% | 84.94% | 85.38% | 90.86% | 86.75% | 86.18% | 87.45% | 100.72% | 93.05% | 87.02% | 87.15% | 90.74% | 69.32% |
| Operating Income | 539M | 541M | 689M | 539M | 514M | 188M | 550M | 507M | 629M | 613M | 356M | 508M | 519M | 476M | -25M | 235M | 439M | 459M | 304M | 1.01B |
| Operating Margin % | 11.83% | 11.61% | 14.97% | 12.05% | 11.58% | 4.21% | 12.5% | 12.09% | 15.06% | 14.62% | 9.14% | 13.25% | 13.82% | 12.55% | -0.72% | 6.95% | 12.98% | 12.85% | 9.26% | 30.68% |
| Operating Income Growth % | 4.86% | 187.77% | 25.27% | 6.31% | -18.28% | -69.33% | 54.49% | -0.2% | 21.19% | 28.78% | 1524% | 116.17% | 18.22% | 3.7% | -108.22% | -76.78% | 7.86% | -16.24% | 66.12% | 194.23% |
| EBITDA | 539M | 654M | 801M | 646M | 619M | 298M | 550M | 621M | 732M | 678M | 450M | 599M | 614M | 570M | 67M | 331M | 535M | 559M | 403M | 1.11B |
| EBITDA Margin % | 11.83% | 14.03% | 17.4% | 14.44% | 13.95% | 6.67% | 12.5% | 14.81% | 17.52% | 16.17% | 11.55% | 15.63% | 16.35% | 15.02% | 1.92% | 9.79% | 15.82% | 15.65% | 12.28% | 33.71% |
| Interest Expense | 113M | 113M | 112M | 107M | 105M | 110M | 114M | 114M | 103M | 96M | 94M | 91M | 95M | 94M | 92M | 96M | 96M | 100M | 99M | 100M |
| Non-Operating Income | 0 | -113M | -112M | -107M | -105M | -110M | 0 | -114M | -103M | -65M | -94M | -91M | -95M | -94M | -92M | -96M | -96M | -100M | -99M | -100M |
| Pretax Income | 463M | 541M | 689M | 539M | 514M | 188M | 550M | 507M | 629M | 613M | 356M | 508M | 519M | 476M | -25M | 235M | 439M | 459M | 304M | 1.01B |
| Pretax Margin % | 10.16% | 11.61% | 14.97% | 12.05% | 11.58% | 4.21% | 12.5% | 12.09% | 15.06% | 14.62% | 9.14% | 13.25% | 13.82% | 12.55% | -0.72% | 6.95% | 12.98% | 12.85% | 9.26% | 30.68% |
| Income Tax | -109M | 113M | 153M | 123M | 122M | -1M | 125M | 112M | 144M | 136M | 80M | 120M | 115M | 88M | 2M | 48M | 87M | 88M | 58M | 219M |
| Effective Tax Rate % | -23.54% | 20.89% | 22.21% | 22.82% | 23.74% | -0.53% | 22.73% | 22.09% | 22.89% | 22.19% | 22.47% | 23.62% | 22.16% | 18.49% | -8% | 20.43% | 19.82% | 19.17% | 19.08% | 21.64% |
| Net Income | 572M | 402M | 504M | 391M | 370M | 187M | 401M | 369M | 457M | 446M | 253M | 360M | 375M | 364M | -22M | 167M | 322M | 343M | 220M | 754M |
| Net Margin % | 12.56% | 8.62% | 10.95% | 8.74% | 8.34% | 4.18% | 9.12% | 8.8% | 10.94% | 10.64% | 6.49% | 9.39% | 9.98% | 9.59% | -0.63% | 4.94% | 9.52% | 9.61% | 6.7% | 22.86% |
| Net Income Growth % | 54.59% | 114.97% | 25.69% | 5.96% | -19.04% | -58.07% | 58.5% | 2.5% | 21.87% | 22.53% | 1250% | 115.57% | 16.46% | 6.12% | -110% | -77.85% | 23.37% | -13.6% | 58.27% | 190.3% |
| EPS (Diluted) | 1.63 | 1.92 | 2.43 | 1.87 | 1.74 | 0.86 | 1.82 | 1.67 | 0.15 | 1.98 | 1.12 | 1.58 | 1.61 | 1.52 | 0.54 | 0.68 | 1.29 | 1.37 | 0.85 | 2.86 |
| EPS Growth % | -6.32% | 123.26% | 33.52% | 11.98% | 1060% | -56.57% | 62.5% | 5.7% | -90.68% | 30.26% | 107.41% | 132.35% | 24.81% | 10.95% | -36.47% | -76.22% | 32.99% | -0.72% | 70% | 196.3% |
| EPS (Basic) | 1.63 | 1.94 | 2.43 | 1.87 | 1.74 | 0.86 | 1.83 | 1.67 | 2.05 | 1.99 | 1.12 | 1.58 | 1.61 | 1.53 | 0.54 | 0.68 | 1.30 | 1.37 | 0.86 | 2.87 |
| Diluted Shares Outstanding | 206.27M | 209.1M | 209.36M | 209.36M | 212.64M | 217.83M | 219.94M | 221.6M | 222.93M | 224.88M | 225.99M | 227.97M | 233.62M | 238.08M | 240.76M | 245.94M | 248.48M | 252.52M | 257.3M | 263.34M |