LOEWS CORP (L) FY2026 Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-04-01 to 2026-06-30

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LOEWS CORP cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income → Net cash from operating activities: $471,000,000.00Insurance reserves → Operating adjustments reconciliation: $996,000,000.00Adjustments to reconcile net income to net cash provided by operating activities, net → Operating adjustments reconciliation: $90,000,000.00Other liabilities → Operating adjustments reconciliation: $34,000,000.00Trading securities → Operating adjustments reconciliation: $27,000,000.00Operating adjustments reconciliation → Net cash from operating activities: $495,000,000.00Operating adjustments reconciliation → Receivables: $595,000,000.00Operating adjustments reconciliation → Other assets: $38,000,000.00Operating adjustments reconciliation → Deferred acquisition costs: $19,000,000.00Proceeds from sales of fixed maturities → investing reconciliation: $1,209,000,000.00Proceeds from maturities of fixed maturities → investing reconciliation: $820,000,000.00Proceeds from sales of equity securities → investing reconciliation: $176,000,000.00Proceeds from sales of limited partnership investments → investing reconciliation: $68,000,000.00Other, net → investing reconciliation: $18,000,000.00investing reconciliation → Purchases of fixed maturities: $2,495,000,000.00investing reconciliation → Purchases of property, plant and equipment: $258,000,000.00investing reconciliation → Acquisitions: $212,000,000.00investing reconciliation → Change in short-term investments: $208,000,000.00investing reconciliation → Purchases of equity securities: $148,000,000.00investing reconciliation → Purchases of limited partnership investments: $91,000,000.00Net cash used in financing activities → financing reconciliation: $178,000,000.00financing reconciliation → Purchases of Loews Corporation treasury stock: $154,000,000.00financing reconciliation → Dividends paid: $13,000,000.00financing reconciliation → Dividends paid to noncontrolling interests: $11,000,000.00Net cash used in investing activities → investing reconciliation: $1,121,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $843,000,000.00Net cash from operating activities → Cash sources and uses: $966,000,000.00Cash sources and uses → Exchange-rate effect: $2,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $508,000,000.00Cash sources and uses → Net cash used in investing activities: $1,121,000,000.00Cash sources and uses → Net cash used in financing activities: $178,000,000.00Net income: $471,000,000.00Net income+$471.00 MAdjustments to reconcile net income to net cash provided by operating activities, net: $90,000,000.00Non-cash adjustments, net+$90.00 MReceivables: -$595,000,000.00Accounts receivable−$595.00 MDeferred acquisition costs: -$19,000,000.00Deferred acquisition costs−$19.00 MInsurance reserves: $996,000,000.00Insurance liabilities+$996.00 MOther assets: -$38,000,000.00Other operating assets−$38.00 MOther liabilities: $34,000,000.00Other operating liabilities+$34.00 MTrading securities: $27,000,000.00Trading securities, net+$27.00 MNet cash from operating activities: $966,000,000.00Operating cash+$966.00 MOperating adjustments reconciliation: $1,147,000,000.00Dividends paid: -$13,000,000.00Common dividends paid−$13.00 MDividends paid to noncontrolling interests: -$11,000,000.00Noncontrolling dividends−$11.00 MPurchases of Loews Corporation treasury stock: -$154,000,000.00Common stock repurchases−$154.00 MPurchases of subsidiary stock from noncontrolling interests: $0.00Principal payments on debt: $0.00Issuance of debt: $0.00Other, net: $0.00Net cash used in financing activities: -$178,000,000.00. Cash required to fund net payments.Financing cash−$178.00 Mfinancing reconciliation: $178,000,000.00Purchases of fixed maturities: -$2,495,000,000.00AFS securities purchases−$2.50 BProceeds from sales of fixed maturities: $1,209,000,000.00AFS securities sales+$1.21 BProceeds from maturities of fixed maturities: $820,000,000.00AFS securities maturities+$820.00 MPurchases of equity securities: -$148,000,000.00Purchases of equity securities−$148.00 MProceeds from sales of equity securities: $176,000,000.00Equity securities sales+$176.00 MPurchases of limited partnership investments: -$91,000,000.00Limited partnership purchases−$91.00 MProceeds from sales of limited partnership investments: $68,000,000.00Limited partnership proceeds+$68.00 MPurchases of property, plant and equipment: -$258,000,000.00PP&E purchases−$258.00 MAcquisitions: -$212,000,000.00Acquisitions, net of cash−$212.00 MChange in short-term investments: -$208,000,000.00Short-term investments, net−$208.00 MOther, net: $18,000,000.00Other investing, net+$18.00 MNet cash used in investing activities: -$1,121,000,000.00. Cash required to fund net payments.Investing cash−$1.12 Binvesting reconciliation: $3,412,000,000.00Cash sources and uses: $1,809,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $843,000,000.00Beginning cash$843.00 MEnding cash: Cash, cash equivalents, and restricted cash: $508,000,000.00Ending cash$508.00 MExchange-rate effect: -$2,000,000.00FX effect−$2.00 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$708.00 MOperating cash − cash spent on PP&ECash flow / Net income2.05×Operating cash flow ÷ net incomeNet cash change−$335.00 MEnding cash − beginning cash
Chart details

LOEWS CORP cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026

Cash flows for Apr 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Mar 31, 2026. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Mar 31, 2026
843,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
966,000,000 US dollars. Net cash provided.
Net income
471,000,000 US dollars
Adjustments to reconcile net income to net cash provided by operating activities, net
90,000,000 US dollars
Receivables
negative 595,000,000 US dollars
Deferred acquisition costs
negative 19,000,000 US dollars
Insurance reserves
996,000,000 US dollars
Other assets
negative 38,000,000 US dollars
Other liabilities
34,000,000 US dollars
Trading securities
27,000,000 US dollars
Investing activities
negative 1,121,000,000 US dollars. Net cash used.
Purchases of fixed maturities
negative 2,495,000,000 US dollars
Proceeds from sales of fixed maturities
1,209,000,000 US dollars
Proceeds from maturities of fixed maturities
820,000,000 US dollars
Purchases of equity securities
negative 148,000,000 US dollars
Proceeds from sales of equity securities
176,000,000 US dollars
Purchases of limited partnership investments
negative 91,000,000 US dollars
Proceeds from sales of limited partnership investments
68,000,000 US dollars
Purchases of property, plant and equipment
negative 258,000,000 US dollars
Acquisitions
negative 212,000,000 US dollars
Change in short-term investments
negative 208,000,000 US dollars
Other, net
18,000,000 US dollars
Financing activities
negative 178,000,000 US dollars. Net cash used.
Dividends paid
negative 13,000,000 US dollars
Dividends paid to noncontrolling interests
negative 11,000,000 US dollars
Purchases of Loews Corporation treasury stock
negative 154,000,000 US dollars
Purchases of subsidiary stock from noncontrolling interests
0 US dollars
Principal payments on debt
0 US dollars
Issuance of debt
0 US dollars
Other, net
0 US dollars
Operating adjustment reconciliation
1,147,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
178,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
3,412,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
negative 2,000,000 US dollars
Ending cash on Jun 30, 2026
508,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
1,809,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 335,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
2.05×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
966,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
258,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
708,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $495.00M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 966,000,000 US dollars minus 258,000,000 US dollars equals 708,000,000 US dollars.
LOEWS CORP (L) FY2026 Q2 Statement of Cash Flows Sankey chart
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