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

Company: LOEWS CORP
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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11,548 980 Non-investment grade705 70 796 92 Total$20,691 $2,295 $27,288 $3,039 Based on current facts and circumstances, the unrealized losses presented in the September 30, 2025 securities in the gross unrealized loss position table above are not indicative of the ultimate collectability of the current amortized cost of the securities, but rather are primarily attributable to changes in risk-free interest rates. In reaching this determination, the volatility in risk-free rates and credit spreads, as well as the fact that the unrealized losses are concentrated in investment grade issuers, were considered. Additionally, there is no current intent to sell securities with unrealized losses, nor is it more likely than not that sale will be required prior to recovery of amortized cost; accordingly, it was determined that there are no additional impairment losses to be recorded as of September 30, 2025.The following tables present the activity related to the allowance on available-for-sale securities with credit impairments and purchased credit-deteriorated (“PCD”) assets. Accrued interest receivable on available-for-sale fixed maturity securities totaled $469 million, $442 million and $451 million as of September 30, 2025, December 31, 2024 and September 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 September 30, 2025Corporate and Other Bonds Asset-backedTotal (In millions)Allowance for credit losses:Balance as of July 1, 2025$14 $37 $51 Additions to the allowance for credit losses:Securities for which credit losses were not previously recorded3 3 Available-for-sale securities accounted for as PCD assets4 4 Additional increases to the allowance for credit losses on securities that had an allowance recorded in a previous period3 3 Total allowance for credit losses$21 $40 $61 

14

Three months ended September 30, 2024Corporate and Other BondsAsset-backedTotal(In millions)Allowance for credit losses:Balance as of July 1, 2024$— $17 $17 Additions to the allowance for credit losses:Securities for which credit losses were not previously recorded4 4 Available-for-sale securities accounted for as PCD assets2 2 Reductions to the allowance