Company: L
Filing Date: 2025-02-11
Form Type: 10-K
Source: 0000060086-25-000036
Chunk: 353

Company: LOEWS CORP
Filing Date: 2025-02-11
Form: 10-K
Item: Item 3
Chunk 353
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 expenses for accident years prior to 2015 14 Liability for unallocated claim adjustment expenses for accident years presented19 Total net liability for unpaid claim and claim adjustment expenses$493 Net Strengthening (Releases) of Prior Accident Year ReservesYears Ended December 31Total Accident Year2015$— $(27)$(25)$(16)$(5)$(5)$(8)$— $— $(86)2016— (15)(25)(17)(3)(6)(15)— (81)2017(5)(12)(19)(13)(5)1 — (53)2018(6)(17)(29)(6)(5)(2)(65)2019(7)(14)(11)(5)— (37)2020(9)(38)(14)(10)(71)2021(8)(19)(19)(46)20223 (26)(23)2023(6)(6)Total net development for the accident years presented above(82)(54)(63)Total net development for accident years prior to 2015(1)11 (5)Total unallocated claim adjustment expense development— — — Total$(83)$(43)$(68)(a)Data presented for these calendar years is required supplemental information, which is unaudited.

130

Commercial AutoCumulative Net Incurred Claim and Allocated Claim Adjustment ExpensesDecember 31, 2024December 312015 (a)2016 (a)2017 (a)2018 (a)2019 (a)2020 (a)2021 (a)2022 (a)2023 (a)2024 IBNR Cumulative Number of Claims(In millions, except reported claims data)Accident Year            2015$201 $199 $190 $190 $183 $181 $183 $182 $184 $184 $2 30,430 2016198 186 186 186 190 195 200 197 195 1 30,457 2017199 198 200 221 232 239 241 241 4 30,947 2018229 227 227 245 254 255 260 2 34,333 2019257 266 289 323 325 327 7 37,280 2020310 303