Company: L
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000060086-25-000166
Chunk: 11

Company: LOEWS CORP
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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eteriorated (“PCD”) assets. Accrued interest receivable on available-for-sale fixed maturity securities totaled $451 million, $442 million and $444 million as of June 30, 2025, December 31, 2024 and June 30, 2024 and are excluded from the estimate of expected credit losses and the amortized cost basis in the tables within this Note.Three months ended June 30, 2025Corporate and Other Bonds Asset-backedTotal (In millions)Allowance for credit losses:Balance as of April 1, 2025$15 $32 $47 Additions to the allowance for credit losses:Securities for which credit losses were not previously recorded3 3 Reductions to the allowance for credit losses:Securities disposed during the period (realized)6 6 Additional increases to the allowance for credit losses on securities that had an allowance recorded in a previous period2 5 7 Total allowance for credit losses$14 $37 $51 

14

Three months ended June 30, 2024Corporate and Other BondsAsset-backedTotal(In millions)Allowance for credit losses:Balance as of April 1, 2024$3 $17 $20 Reductions to the allowance for credit losses:Securities disposed during the period (realized)3 1 4 Additional increases to the allowance for credit losses on securities that had an allowance recorded in a previous period1 1 Total allowance for credit losses$— $17 $17 Six months ended June 30, 2025Corporate and Other BondsAsset-backedTotal(In millions)   Allowance for credit losses:   Balance as of January 1, 2025$13 $32 $45 Additions to the allowance for credit losses:Securities for which credit losses were not previously recorded3 3 Reductions to the allowance for credit losses:Securities disposed during the period (realized)6 6 Additional increases to the allowance for credit losses on securities that had an allowance recorded in a previous period4 5 9 Total allowance for credit losses$14 $37 $51 Six months ended June 30, 2024Corporate and Other BondsAsset-backedTotal(In millions)   Allowance for credit losses:   Balance as of January 1, 2024$4 $12 $16 Reductions to the allowance