Company: L
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0000060086-25-000091
Chunk: 20

Company: LOEWS CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 1
Chunk 20
---
 rate were $3.6 billion and $3.7 billion as of March 31, 2025 and 2024.The weighted average effective duration of the LFPB calculated using the original locked in discount rate was 11 years as of March 31, 2025 and 2024.  The weighted average interest rates in the table below are calculated based on the rate used to discount all future cash flows.March 31,December 31,202520242024Original locked in discount rate5.19 %5.22 %5.20 %Upper-medium grade fixed income instrument discount rate5.40 5.20 5.51 For the three months ended March 31, 2025 and 2024, immediate charges to net income resulting from adverse development in certain cohorts where the net premium ratio (“NPR”) exceeded 100% were $14 million and $20 million. For the three months ended March 31, 2025 and 2024, the portion of losses recognized in a prior period due to NPR exceeding 100% for certain cohorts which, due to favorable development, was reversed through net income were $6 million and $2 million.

23

6. Shareholders’ Equity

Accumulated other comprehensive income (loss)The tables below present the changes in Accumulated other comprehensive income (loss) (“AOCI”) by component for the three months ended March 31, 2024 and 2025: Net Unrealized Gains (Losses) on Investments with an Allowance for Credit Losses Net Unrealized Gains (Losses) on Other Investments Cumulative impact of changes in discount rates used to measure longduration contractsUnrealized Gains (Losses) on Cash Flow Hedges Pension and Postretirement Benefits Foreign Currency Translation Total Accumulated Other Comprehensive Income (Loss) (In millions)             Balance, January 1, 2024$(12)$(1,483)$(329)$9 $(533)$(149)$(2,497)Other comprehensive income (loss) before reclassifications, after tax of $0, $64, $(91), $(1), $0 and $0(1)(239)341 2 (33)70 Reclassification of losses from accumulated other comprehensive loss, after tax of $(1), $(6), $0, $0, $(1) and $03 22 6 31 Other comprehensive income (loss)2 (