Company: L
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000060086-25-000181
Chunk: 86

Company: LOEWS CORP
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 86
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,338 $1,134 $2,295 $61 $44,116 December 31, 2024    Fixed maturity securities:    Corporate and other bonds$25,839 $423 $1,305 $13 $24,944 States, municipalities and political  subdivisions7,396 243 835 6,804 Asset-backed:Residential mortgage-backed3,725 7 488 3,244 Commercial mortgage-backed1,779 11 141 18 1,631 Other asset-backed3,770 24 239 14 3,541 Total asset-backed9,274 42 868 32 8,416 U.S. Treasury and obligations of  government sponsored enterprises220 1 1 220 Foreign government701 6 30 677 Fixed maturities available-for-sale$43,430 $715 $3,039 $45 $41,061 Fixed maturities trading766 766 Total fixed maturity securities$44,196 $715 $3,039 $45 $41,827 

12

The available-for-sale fixed maturity securities in a gross unrealized loss position for which an allowance for credit losses has not been recorded are as follows: Less than 12 Months12 Months or LongerTotalSeptember 30, 2025Estimated Fair ValueGross Unrealized LossesEstimated Fair ValueGross Unrealized LossesEstimated Fair ValueGross Unrealized Losses(In millions) Fixed maturity securities:Corporate and other bonds$2,802 $58 $8,578 $786 $11,380 $844 States, municipalities and political  subdivisions701 33 3,162 732 3,863 765 Asset-backed:Residential mortgage-backed133 2 2,038 380 2,171 382 Commercial mortgage-backed27 923 88 950 88 Other asset-backed505 12 1,361 178 1,866 190 Total asset-backed665 14 4,322 646 4,987 660 U.S. Treasury and obligations of  government-sponsored enterprises29 2 23 1 52 3 Foreign government108 2 301 21 409 23 Total fixed maturity securities$4,305 $109 $16,386