Company: L
Filing Date: 2025-02-11
Form Type: 10-K
Source: 0000060086-25-000036
Chunk: 3

Company: LOEWS CORP
Filing Date: 2025-02-11
Form: 10-K
Item: Item 7A
Chunk 3
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ities – long$716 $(6)Equity securities – long403 $(101) – short(88)22 Options – purchased2 44 Other invested assets10 Short-term investments2,180 (5)

Other than trading portfolio:

Increase (Decrease) December 31, 2024Fair Value Asset (Liability)Interest Rate Risk Foreign Currency Risk Equity Price Risk (In millions)         Fixed maturities$41,111 $(2,684)$(651)Equity securities659 (15)$(45)Limited partnership investments2,520 (2)(252)Other invested assets85 (16)Mortgage loans987 (30)Short-term investments2,426 (1)(45)Other derivatives6 1 40 

80

Trading portfolio:

 Increase (Decrease) December 31, 2023Fair Value Asset (Liability) Interest Rate Risk Equity Price Risk (In millions)       Fixed maturities – long$201 $(3)Equity securities – long366 $(91) – short(62)15 Options – purchased1 35 Other invested assets8 Short-term investments2,109 (6)

Other than trading portfolio:

 Increase (Decrease) December 31, 2023Fair Value Asset (Liability) Interest Rate Risk Foreign Currency Risk Equity Price Risk (In millions)         Fixed maturities$40,425 $(2,779)$(638)Equity securities683 (14)$(48)Limited partnership investments2,174 (1)(217)Other invested assets81 (15)Mortgage loans997 (34)Short-term investments2,287 (2)(38)Other derivatives14 4 3 29 

Changes in discount rates used to measure CNA’s liability for future policyholder benefits (“LFPB”) would reduce the impact of the decrease in Fixed maturity securities within Other comprehensive income. The carrying value of the LFPB was $13.2 billion and $14.0 billion as of December 31, 2024 and 2023. The estimated decrease in the carrying value of the LFPB as of December 31, 2024 and 2023 due to an increase in yield rates of 100 basis points was $1.3 billion and $1.5 billion. The change in the carrying value of the LFPB due to interest rate