Company: L
Filing Date: 2025-02-11
Form Type: 10-K
Source: 0000060086-25-000036
Chunk: 329

Company: LOEWS CORP
Filing Date: 2025-02-11
Form: 10-K
Item: Item 3
Chunk 329
---
 LossesEstimated Fair ValueGross Unrealized Losses(In millions) Fixed maturity securities:Corporate and other bonds$5,846 $165 $10,388 $1,140 $16,234 $1,305 States, municipalities and political  subdivisions1,247 52 2,967 783 4,214 835 Asset-backed:Residential mortgage-backed849 22 2,010 466 2,859 488 Commercial mortgage-backed180 2 988 139 1,168 141 Other asset-backed680 21 1,557 218 2,237 239 Total asset-backed1,709 45 4,555 823 6,264 868 U.S. Treasury and obligations of  government-sponsored enterprises49 1 41 90 1 Foreign government118 3 368 27 486 30 Total fixed maturity securities$8,969 $266 $18,319 $2,773 $27,288 $3,039 December 31, 2023Fixed maturity securities:Corporate and other bonds$1,943 $37 $13,406 $1,308 $15,349 $1,345 States, municipalities and political  subdivisions598 18 3,104 685 3,702 703 Asset-backed:Residential mortgage-backed233 4 2,212 421 2,445 425 Commercial mortgage-backed200 5 1,184 225 1,384 230 Other asset-backed392 8 1,869 248 2,261 256 Total asset-backed825 17 5,265 894 6,090 911 U.S. Treasury and obligations of  government-sponsored enterprises65 1 23 1 88 2 Foreign government52 1 450 33 502 34 Total fixed maturity securities$3,483 $74 $22,248 $2,921 $25,731 $2,995 

108

The following table presents the estimated fair value and gross unrealized losses of available-for-sale fixed maturity securities in a gross unrealized loss position for which an allowance for credit loss has not been recorded, by ratings distribution. December 31, 2024December 31, 2023Estimated Fair ValueGross Unreal