• Loews average return on tangible equity for 2023 was 7.86, a 27.39% increase from 2022.
• Loews average return on tangible equity for 2022 was 6.17, a 2.68% increase from 2021.
• Loews average return on tangible equity for 2021 was 6.34, a 244.75% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.