Company: L
Filing Date: 2025-02-11
Form Type: 10-K
Source: 0000060086-25-000036
Chunk: 336

Company: LOEWS CORP
Filing Date: 2025-02-11
Form: 10-K
Item: Item 3
Chunk 336
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25,132 States, municipalities and political subdivisions7,348 44 7,392 Asset-backed7,000 901 7,901 Fixed maturities available-for-sale161 38,274 1,990 40,425 Fixed maturities trading201 201 Total fixed maturities$362 $38,274 $1,990 $40,626 Equity securities$586 $440 $24 $1,050 Short-term and other4,215 32 4,247 Receivables13 13 Payable to brokers(62)(62)

114

The following tables present reconciliations for all assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the years ended December 31, 2024 and 2023:Net Realized Investment Gains (Losses) and Net Change in Unrealized Investment Gains (Losses)Unrealized Gains (Losses) Recognized in Net Income (Loss) on Level 3 Assets and Liabilities Held at December 31 Unrealized Gains (Losses) Recognized in Other Comprehensive Income (Loss)  on Level 3 Assets and Liabilities Held at December 312024Balance, January 1Included in Net Income Included in OCIPurchasesSales Settlements Transfers into Level 3Transfers out of Level 3 Balance, December 31(In millions)                       Fixed maturity securities:           Corporate bonds and other$1,045 $(1)$(15)$352 $(10)$(104)$11 $1,278 $(1)$(21)States, municipalities and political subdivisions44 (2)42 (2)Asset-backed901 9 (12)125 (14)(83)$(50)876 (12)Fixed maturities available-for-sale$1,990 $8 $(29)$477 $(24)$(187)$11 $(50)$2,196 $(1)$(35) Equity securities$24 $12 $3 $(19)$20 $8 

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Net Realized Investment Gains (Losses) and Net Change in Unrealized Investment Gains (Losses)Unrealized Gains (Losses) Recognized in Net Income (Loss) on Level 3 Assets and Liabilities Held at December 31 Unrealized