Company: L
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000060086-25-000181
Chunk: 85

Company: LOEWS CORP
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 85
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$(10)$(62)$(42)(a) Investment gains (losses) recognized due to the change in fair value of non-redeemable preferred stock included within equity securities held as of September 30, 2025 and 2024 $4 $13 $8 $24 

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The available-for-sale impairment losses (gains) recognized in earnings by asset type are presented in the following table. The table includes losses (gains) on securities with an intention to sell and changes in the allowance for credit losses on securities since acquisition date: Three Months EndedNine Months EndedSeptember 30,September 30,2025202420252024(In millions)     Fixed maturity securities available-for-sale:  Corporate and other bonds$4 $8 $15 $23 Asset-backed2 4 7 9 Impairment losses recognized in earnings$6 $12 $22 $32 There were $5 million of impairment losses recognized on mortgage loans during the nine months ended September 30, 2025 due to changes in expected credit losses. There were no impairment losses recognized on mortgage loans during the three months ended September 30, 2025 or the three and nine months ended September 30, 2024.

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The following tables present a summary of fixed maturity securities:September 30, 2025Cost or Amortized CostGross UnrealizedGainsGross UnrealizedLossesAllowancefor Credit Losses EstimatedFair Value(In millions)           Fixed maturity securities:     Corporate and other bonds$25,592 $734 $844 $21 $25,461 States, municipalities and political  subdivisions8,840 301 765 8,376 Asset-backed:Residential mortgage-backed4,041 42 382 3,701 Commercial mortgage-backed1,633 19 88 22 1,542 Other asset-backed3,790 28 190 18 3,610 Total asset-backed9,464 89 660 40 8,853 U.S. Treasury and obligations of  government sponsored enterprises226 3 223 Foreign government736 10 23 723 Fixed maturities available-for-sale$44,858 $1,134 $2,295 $61 $43,636 Fixed maturities trading480 480 Total fixed maturity securities$45