A Dark Vector Cognition product

Cover and table of contents

8K characters. Original on sec.gov · Markdown

Cover and table of contents

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2024

OR

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

For the Transition Period From ____________ to _____________

Commission File Number 1-06541

LOEWS CORPORATION

(Exact name of registrant as specified in its charter)

Delaware13-2646102
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)

9 West 57****th Street, New York, NY 10019-2714

(Address of principal executive offices) (Zip Code)

(212) 521-2000

(Registrant’s telephone number, including area code)

NOT APPLICABLE

(Former name, former address and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Common stock, par value $0.01 per shareLNew York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes☒No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

Yes☒No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer☒Accelerated filer☐Non-accelerated filer☐Smaller reporting company☐
Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes☐No ☒

As of November 1, 2024, there were 217,776,738 shares of the registrant’s common stock outstanding.

1

Table of contents

INDEX

Page
No.
Part I. Financial Information
Item 1. Financial Statements (unaudited)
Consolidated Condensed Balance Sheets3
September 30, 2024 and December 31, 2023
Consolidated Condensed Statements of Operations4
Three and nine months ended September 30, 2024 and 2023
Consolidated Condensed Statements of Comprehensive Income (Loss)5
Three and nine months ended September 30, 2024 and 2023
Consolidated Condensed Statements of Equity6
Three and nine months ended September 30, 2024 and 2023
Consolidated Condensed Statements of Cash Flows8
Nine months ended September 30, 2024 and 2023
Notes to Consolidated Condensed Financial Statements9
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations39
Item 3. Quantitative and Qualitative Disclosures about Market Risk61
Item 4. Controls and Procedures62
Part II. Other Information62
Item 1. Legal Proceedings62
Item 1A. Risk Factors63
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds63
Item 5. Other Information63
Item 6. Exhibits64
2

Table of contents

PART I. FINANCIAL INFORMATION

Next: Item 1. Financial Statements.