Company: L
Filing Date: 2025-02-11
Form Type: 10-K
Source: 0000060086-25-000036
Chunk: 414

Company: LOEWS CORP
Filing Date: 2025-02-11
Form: 10-K
Item: Item 7
Chunk 414
---
 by ratings distribution:

December 31, 2024December 31, 2023Estimated Fair ValueNet Unrealized Gains (Losses)Estimated Fair ValueNet Unrealized Gains(Losses)(In millions)     Commercial mortgage-backed:Single asset, single borrower:Office$339 $(43)$306 $(70)Lodging271 (8)227 (23)Retail268 (10)283 (28)Multifamily50 (1)59 (3)Industrial42 (3)93 (4)Total single asset, single borrower970 (65)968 (128)Conduits (multi property, multi borrower pools)711 (66)663 (95)Total commercial mortgage-backed$1,681 $(131)$1,631 $(223)

66

December 31, 2024December 31, 2023Estimated Fair ValueNet Unrealized Gains (Losses)Estimated Fair ValueNet Unrealized Gains(Losses)(In millions)     Commercial mortgage backed:AAA$736 $(14)$570 $(27)AA609 (60)594 (95)A163 (20)202 (30)BBB139 (20)216 (45)Non-investment grade34 (17)49 (26)Total commercial mortgage-backed$1,681 $(131)$1,631 $(223)

The following tables present the estimated fair value and net unrealized gains (losses) of the REIT issuer exposure within CNA’s corporate and other bonds portfolio by property type and by ratings distribution: 

December 31, 2024December 31, 2023Estimated Fair ValueNet Unrealized Gains (Losses)Estimated Fair ValueNet Unrealized Gains(Losses)(In millions)     Corporate and other bonds - REITs:Retail$478 $(18)$515 $(25)Office239 (12)250 (20)Self-Storage98 (5)85 (6)Industrial93 (3)99 (1)Other (a) 387 (10)367 (16)Total corporate and other bonds - REITs$1,295 $(48)$1,316 $(68)

(a)Other includes a diversified mix of property type strategies including healthcare and apartments.

December 31, 2024December 31, 2023Estimated Fair Value