Overview Financials News + Filings Key Docs Charts Transactions Holdings Ownership Insiders
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| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Boardwalk Pipeline | | | | | | 1,325.0 | 1,316.0 | 1,254.0 |
| Corporate | | 920.0 | | | 857.0 | 645.0 | 149.0 | 28.0 |
| Diamond Offshore | | | 305.0 | | | 1,500.0 | 1,589.0 | 2,428.0 |
| Loews Hotels And Co | | | | | | 682.0 | 667.0 | 604.0 |
| Other | | 1,085.0 | 2,515.0 | | 3,029.0 | | 9,384.0 | 9,101.0 |
| Total revenues | 2,087.0 | 2,005.0 | 2,820.0 | 3,870.0 | 3,886.0 | 3,964.0 | 13,105.0 | 13,415.0 |
| Revenue growth | 4.1% | -28.9% | -27.1% | -0.4% | -2.0% | -69.8% | -2.3% | -6.4% |
| Loss and loss adjustment expenses | 6,386.0 | 6,349.0 | 6,170.0 | 5,806.0 | 5,572.0 | 5,310.0 | 5,283.0 | 5,384.0 |
| Policy acquisition costs | 1,490.0 | 1,443.0 | 1,410.0 | 1,383.0 | 1,335.0 | 1,233.0 | 1,235.0 | 1,540.0 |
| Investment expenses | 84.0 | 75.0 | 76.0 | 75.0 | 61.0 | 59.0 | 59.0 | 63.0 |
| Other operating expenses | -7,632.0 | -8,468.0 | -3,887.0 | -5,104.0 | -4,490.0 | -4,866.0 | 5,056.0 | 5,664.0 |
| Equity in earnings | 139.0 | 26.0 | -73.0 | | | 136.0 | 131.0 | |
| EBITDA | 2,268.0 | 3,121.0 | -215.0 | 2,653.0 | 2,320.0 | 7,155.0 | 5,948.0 | 1,804.0 |
| EBITDA margin | 108.7% | 155.7% | -7.6% | 68.6% | 59.7% | 180.5% | 45.4% | 13.4% |
| Depreciation | 509.0 | 515.0 | 734.0 | 943.0 | 912.0 | 874.0 | 841.0 | 955.0 |
| EBIT | 1,759.0 | 2,606.0 | -949.0 | 1,710.0 | 1,408.0 | 6,281.0 | 5,107.0 | 849.0 |
| EBIT margin | 84.3% | 130.0% | -33.7% | 44.2% | 36.2% | 158.5% | 39.0% | 6.3% |
| Interest expense, net [+] | 378.0 | 424.0 | 515.0 | 591.0 | 574.0 | 646.0 | 536.0 | 435.0 |
| Interest expense | 378.0 | 424.0 | 515.0 | 591.0 | 574.0 | 646.0 | 536.0 | 520.0 |
| Interest income | | | | | | | | 85.0 |
| Other income (expense), net | | | | | | -4,053.0 | -3,635.0 | -85.0 |
| Pre-tax income | 1,381.0 | 2,182.0 | -1,464.0 | 1,119.0 | 834.0 | 1,582.0 | 936.0 | 244.0 |
| Income taxes | 278.0 | 479.0 | -173.0 | 248.0 | 128.0 | -170.0 | -220.0 | -43.0 |
| Tax rate | 20.1% | 22.0% | 11.8% | 22.2% | 15.3% | | | |
| Minority interest | 91.0 | 125.0 | -360.0 | -61.0 | 70.0 | 248.0 | 62.0 | 27.0 |
| Net income | 1,012.0 | 1,578.0 | -931.0 | 932.0 | 636.0 | 1,164.0 | 654.0 | 260.0 |
| Net margin | 48.5% | 78.7% | -33.0% | 24.1% | 16.4% | 29.4% | 5.0% | 1.9% |
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| Basic EPS | $4.17 | $6.08 | ($3.32) | $3.08 | $1.99 | $3.46 | $1.94 | $0.72 |
| Diluted EPS | $4.16 | $6.06 | ($3.32) | $3.07 | $1.99 | $3.45 | $1.93 | $0.72 |
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| Shares outstanding (basic) | 242.8 | 259.7 | 280.3 | 302.7 | 319.1 | 336.6 | 338.0 | 362.4 |
| Shares outstanding (diluted) | 243.3 | 260.2 | 280.3 | 303.4 | 319.9 | 337.5 | 338.3 | 362.7 |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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