Loews (L) Claims Ratio % : 63.90% (As of Sep. 2023)

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What is Loews Claims Ratio %?

Claims Ratio % is the percentage of claims costs incurred in relation to the premiums earned.

Loews's Claims Ratio % for the quarter that ended in Sep. 2023 was 63.90% , which is higher than 62.60% for the pervious quarter ended in Jun. 2023.

Loews's Claims Ratio % for the annual that ended in Dec. 2023 was 62.50% , which is higher than 62.00% for the pervious year ended in Dec. 2022.

The historical rank and industry rank for Loews's Claims Ratio % or its related term are showing as below:

L's Claims Ratio % is not ranked ^*
in the Insurance industry.
Industry Median:
* Ranked among companies with meaningful Claims Ratio % only.

Loews Claims Ratio % Historical Data

The historical data trend for Loews's Claims Ratio % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Loews Claims Ratio % Chart

Loews Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Claims Ratio %

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Expense Ratio %

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Combined Ratio %

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LoewsQuarterly Data

Trend

Jun17

Sep17

Mar18

Jun18

Sep18

Mar19

Jun19

Sep19

Mar20

Jun20

Sep20

Mar21

Jun21

Sep21

Mar22

Jun22

Sep22

Mar23

Jun23

Sep23

Claims Ratio %

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Expense Ratio %

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Combined Ratio %

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Competitive Comparison of Loews's Claims Ratio %

For the Insurance - Property & Casualty subindustry, Loews's Claims Ratio %, along with its competitors' market caps and Claims Ratio % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Loews (NYSE:L) Claims Ratio % Calculation

Claims Ratio % is calculated as

Claims Ratio %

Total Claims

Total Premiums Earned

100%

Loews (NYSE:L) Claims Ratio % Explanation

Claims Ratio % the percentage of claims costs incurred in relation to the premiums earned during the period. It is the equivalent of gross profit margin for an insurance company.

It's important to note that insurance is the business of managing risks and, to do that well, the insurer needs a thorough understanding of the incurred claims ratio. If the value is higher than expected or above established norms, then further investigation is required to figure out why that is (eg: fraud). If it is lower than expected, it could indicate irrelevant products or difficulties in claiming, possibly affecting customer satisfaction.

Loews Claims Ratio % Related Terms

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Loews (L) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Loews Corp (NYSE:L) » Definitions » Claims Ratio %

Comparable Companies

Traded in Other Exchanges

LTR:Germany

Address

667 Madison Avenue, New York, NY, USA, 10065-8087

Website

https://www.loews.com

Loews Corp is a holding company that is supported by a variety of businesses. Its largest subsidiary is CNA Financial Corporation, a property and casualty insurance company. CNA's services include risk management, information services, and warranty and claims administration. Loews also maintains an operation of offshore oil and gas drilling rigs through Diamond Offshore Drilling, Inc. The company engages in the transportation and storage of natural gas and natural gas liquids and gathering and processing of natural gas through Boardwalk Pipeline Partners, LP. Loews also operates a chain of hotels.

Executives

Andrew H Tisch	director	667 MADISON AVE, NEW YORK NY 10021-8087
Jonathan M Tisch	director, officer: Co-Ch. of Bd/Off. of the Pres.	667 MADISON AVENUE, NEW YORK NY 10021-8087
Ann E Berman	director	255 STATE STREET, BOSTON MA 02109
Anthony Welters	director
Paul J Fribourg	director	667 MADISON AVE, NEW YORK NY 10021
Walter L Harris	director	TANENBAUM HARBER CO, 320 W 57TH STREET, NEW YORK NY 10019
Charles M Diker	director	ONE NEW YORK PLAZA, NEW YORK NY 10004
Joseph L Bower	director	667 MADISON AVE, NEW YORK NY 10021
Kenneth I Siegel	officer: Senior Vice President	667 MADISON AVENUE, NEW YORK NY 10065
Jonathan C Locker	director	C/O LOEWS CORPORATION, 9 WEST 57TH STREET, NEW YORK NY 10019
Charles D Davidson	director	QUANTUM ENERGY PARTNERS, 1401 MCKINNEY STREET, SUITE 2700, HOUSTON TX 77010
Richard Waldo Scott	officer: SVP & Chief Investment Officer	667 MADISON AVENUE, NEW YORK NY 10065
Benjamin J Tisch	officer: Sr. VP, Corp Dev and Strategy	667 MADISON AVE, NEW YORK NY 10065
Marc A Alpert	officer: Sr. VP, Gen. Coun. & Secy.	667 MADISON AVENUE, NEW YORK NY 10065
Mark S Schwartz	officer: V.P., C.A.O. and Treasurer	C/O LOEWS CORPORATION, 667 MADISON AVENUE, NEW YORK NY 10065-8087