Company: L
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000060086-25-000181
Chunk: 102

Company: LOEWS CORP
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 102
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24(In millions)Expected future benefit and expense payments$31,582 $32,009 Expected future gross premiums5,048 5,305 Discounted expected future gross premiums at the upper-medium grade fixed income instrument yield discount rate were $3.6 billion and $3.8 billion as of September 30, 2025 and 2024.The weighted average effective duration of the LFPB calculated using the original locked in discount rate was 11 years as of September 30, 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.September 30,December 31,202520242024Original locked in discount rate5.16 %5.20 %5.20 %Upper-medium grade fixed income instrument discount rate5.24 4.90 5.51 For the three and nine months ended September 30, 2025, immediate charges to net income resulting from adverse development in certain cohorts where the net premium ratio (“NPR”) exceeded 100% were $65 million and $93 million. For the three and nine months ended September 30, 2024, immediate charges to net income resulting from adverse development in certain cohorts where the NPR exceeded 100% were $84 million and $128 million. For the three and nine months ended September 30, 2025, 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 $43 million and $54 million. For the three and nine months ended September 30, 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 $20 million and $28 million.

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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 and nine months ended September 30, 2024 and 2025:Net Unrealized Gains (Losses) on Investments with an Allowance for Credit LossesNet Unrealized Gains (Losses) on Other InvestmentsCumulativeimpact ofchanges indiscountrates used tomeasure longdurationcontractsUnrealized Gains (Losses) on Cash Flow HedgesPension and Post