15 unchanged sentences
We have a Code of Business Conduct and Ethics which applies to all of our directors, officers and employees, including our principal executive officer, principal financial officer and principal accounting officer.
−Removed: This Code can be found on our website at www.loews.com and is available in print to any shareholder who requests a copy by writing to our Corporate Secretary at Loews Corporation, 667 Madison Avenue, New York, N.Y.
+Added: This Code can be found on our website at www.loews.com and is available in print to any shareholder who requests a copy by writing to our Corporate Secretary at Loews Corporation, 9 West 57 th Street, New York, N.Y.
We intend to post any changes to or waivers of this Code for our directors and executive officers, including our principal executive officer, principal financial officer, principal accounting officer or persons performing similar functions, on our website.
21 unchanged sentences
(3) Articles of Incorporation and By-Laws
−Removed: Restated Certificate of Incorporation of Registrant, dated August 11, 2009, incorporated herein by reference to Exhibit 3.1 to Registrant’s Report on Form 10-Q for the quarter ended September 30, 2009, filed with the SEC on November 2, 2009 (File No.
+Added: Restated Certificate of Incorporation of Registrant, as amended as of May 9, 2023
By-Laws of Registrant as amended and restated as of November 8, 2022, incorporated herein by reference to Exhibit 3.02 to Registrant’s Report on Form 8-K filed with the SEC on November 8, 2022 (File No.
5 unchanged sentences
Description Exhibit Number
−Removed: Form of Performance-Based Restricted Stock Unit Award Notice under the Loews Corporation 2016 Incentive Compensation Plan
−Removed: Form o f Time-Vesting Restricted Stock Unit Award Notice under the Loews Corporation 2016 Incentive Compensation Plan
−Removed: Form of Director Restricted Stock Unit Award Notice under the Loews Corporation 2016 Incentive Compensation Plan
+Added: Form of Performance-Based Restricted Stock Unit Award Notice under the Loews Corporation 2016 Incentive Compensation Plan , incorporated her ein by reference to Exhibit 10.02 to Registrant ’ s Report on Form 10-K for the year en ded December 31, 2022, fil ed with the SEC on F ebruary 7, 2023 (File No .
+Added: Form of Time-Vesting Restricted Stock Unit Award Notice under the Loews Corporation 2016 Incentive Compensation Plan , incorporated herein by reference to Exhibit 10.0 3 to Registrant’s Report on Form 10-K for the year ended December 31, 2022, filed with the SEC n February 7, 2023 (File No.
+Added: Form of Director Restricted Stock Unit Award Notice under the Loews Corporation 2016 Incentive Compensation Plan , incorporated herein by reference to Exhibit 10.0 4 to Registrant’s Report on Form 10-K for the year ended December 31, 2022, filed with the SEC on February 7, 2023 (File No.
Form of Election Form for Restricted Stock Units under the Loews Corporation 2016 Incentive Compensation Plan, incorporated herein by reference to Exhibit 10.5 to Registrant’s Report on Form 10-Q for the quarter ended June 30, 2016, filed with the SEC on August 1, 2016 (File No.
9 unchanged sentences
Tisch, incorporated herein by reference to Exhibit 10.33 to Registrant’s Report on Form 10-K for the year ended December 31, 2002, filed with the SEC on March 27, 2003 (File No.
+Added: Description Exhibit Number
Amendment No.
1 unchanged sentence
Tisch, incorporated herein by reference to Exhibit 10.27 to Registrant’s Report on Form 10-K for the year ended December 31, 2003, filed with the SEC on March 1, 2004 (File No.
−Removed: Description Exhibit Number
Supplemental Retirement Agreement dated January 1, 2002 between Registrant and James S.
22 unchanged sentences
Certification by the Chief Financial Officer of the Company pursuant to Rule 13a-14(a) and Rule 15d-14(a) of the Exchange Act
+Added: Description Exhibit Number
(32) Section 1350 Certifications
1 unchanged sentence
Section 1350 (as adopted by Section 906 of the Sarbanes-Oxley Act of 2002)
−Removed: Description Exhibit Number
Certification by the Chief Financial Officer of the Company pursuant to 18 U.S.C.
Section 1350 (as adopted by Section 906 of the Sarbanes-Oxley Act of 2002)
+Added: (97) Loews Corporation Executive Incentive Compensation Clawback Policy, adopted May 9, 2023
(101) XBRL Related Documents
39 unchanged sentences
February 6, 2024
−Removed: Laskawy, Director)
+Added: Locker, Director)
February 6, 2024
12 unchanged sentences
BALANCE SHEETS
−Removed: December 31 2022 2021
+Added: December 31 2023 2022 (a)
(In millions)
13 unchanged sentences
Year Ended December 31
−Removed: 2022 2021 2020
+Added: 2023 2022 (a) 2021 (a)
(In millions)
−Removed: Equity in income of subsidiaries (a)
+Added: Equity in income of subsidiaries (b)
$ 1,501 $ 963 $ 1,639
5 unchanged sentences
Total 199 173 182
−Removed: Income (loss) before income tax 981 1,561 ( 1,207 )
+Added: Income before income tax 1,433 791 1,545
Income tax benefit 1 31 17
−Removed: Net income (loss) 1,012 1,578 ( 931 )
+Added: Net income 1,434 822 1,562
Equity in other comprehensive income (loss) of subsidiaries 884 ( 2,000 ) 196
4 unchanged sentences
Year Ended December 31
−Removed: 2022 2021 2020
+Added: 2023 2022 (a) 2021 (a)
(In millions)
Operating Activities:
−Removed: Net income (loss) $ 1,012 $ 1,578 $ ( 931 )
+Added: Net income $ 1,434 $ 822 $ 1,562
Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities:
Equity method investees ( 512 ) ( 3 ) ( 804 )
−Removed: Loss on deconsolidation 15 1,211
+Added: Investment loss 15
Provision for deferred income taxes ( 4 ) ( 49 ) 7
4 unchanged sentences
Other, net 109 39 82
+Added: 1,604 904 745
Investing Activities:
1 unchanged sentence
Change in investments, primarily short-term 29 30 72
+Added: Other ( 11 ) ( 9 )
( 199 ) ( 116 ) 457
2 unchanged sentences
Purchases of treasury shares ( 849 ) ( 729 ) ( 1,136 )
−Removed: Issuance of debt 495
+Added: Payment of debt ( 500 )
Other ( 5 ) ( 7 ) ( 4 )
3 unchanged sentences
Cash, end of year $ 4 $ 10 $ 19
−Removed: (a) Cash dividends paid to the Company by affiliates amounted to $ 978 , $ 853 and $ 947 for the years ended December 31, 2022, 2021 and 2020.
+Added: (a) As of January 1, 2023, ASU 2018-12 was adopted using the modified retrospective method applied as of the transition date of January 1, 2021.
+Added: Prior period amounts presented in the financial statements have been adjusted to reflect application of the new guidance.
+Added: For additional information see Notes 1 and 9 of the Notes to Consolidated Financial Statements included under Item 8.
+Added: (b) Cash dividends paid to the Company by affiliates amounted to $ 1,006 , $ 978 and $ 853 for the years ended December 31, 2023, 2022 and 2021.
LOEWS CORPORATION AND SUBSIDIARIES
1 unchanged sentence
Consolidated Property and Casualty Operations
−Removed: December 31 2022 2021
+Added: December 31 2023 2022 (a)
(In millions)
4 unchanged sentences
Year Ended December 31
−Removed: 2022 2021 2020
+Added: 2023 2022 (a) 2021 (a)
(In millions)
6 unchanged sentences
Paid claim and claim adjustment expenses 4,601 4,302 3,949
+Added: (a) As of January 1, 2023, ASU 2018-12 was adopted using the modified retrospective method applied as of the transition date of January 1, 2021.
+Added: Prior period amounts presented in the financial statements have been adjusted to reflect application of the new guidance.
+Added: For additional information see Notes 1 and 9 of the Notes to Consolidated Financial Statements included under Item 8.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.