Company: L
Filing Date: 2025-02-11
Form Type: 10-K
Source: 0000060086-25-000036
Chunk: 156

Company: LOEWS CORP
Filing Date: 2025-02-11
Form: 10-K
Item: Item 3
Chunk 156
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 for the accident years presented above (81)(133)(95)  Adjustment for development on a discounted basis (3)(2)(2)  Total net development for accident years prior to 2015 (78)(74)(105)  Total unallocated claim adjustment expense development 10 6 —   Total $(152)$(203)$(202)  (a)Data presented for these calendar years is required supplemental information, which is unaudited.(b)Other includes the effect of discounting lifetime claim reserves.

133

The table below presents information about average historical claims duration as of December 31, 2024 and is presented as required supplementary information, which is unaudited.Average Annual Percentage Payout of Ultimate Net Incurred Claim and Allocated Claim Adjustment Expenses in Year: 12345678910           Medical professional liability3.6 %16.3 %21.8 %16.6 %12.7 %8.9 %5.7 %3.2 %1.1 %1.6 %Other professional liability and management liability6.5 19.6 19.2 14.7 10.5 6.9 5.6 6.1 2.5 0.6 Surety (a)17.3 41.0 16.4 8.1 3.9 6.2 (2.3)(0.3)1.1 — Commercial auto23.7 22.3 18.4 14.6 10.5 5.1 2.4 0.9 0.5 1.1 General liability3.4 12.5 15.7 16.8 13.8 9.2 7.1 5.7 3.2 1.2 Workers’ compensation16.8 23.4 14.2 8.8 5.9 3.8 2.3 1.2 1.0 0.6 (a)Due to the nature of the Surety business, average annual percentage payout of ultimate net incurred claim and allocated claim adjustment expenses has been calculated using only the payouts of mature accident years presented in the loss reserve development tables.A&EP ReservesIn 2010, Continental Casualty Company (“CCC”) together with several insurance subsidiaries completed a