Company: L
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000060086-25-000181
Chunk: 101

Company: LOEWS CORP
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 101
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24(In millions)Present value of future net premiumsBalance, January 1$3,425 $3,710 Effect of changes in discount rate(7)(125)Balance, January 1, at original locked in discount rate3,418 3,585 Effect of changes in cash flow assumptions (a)114 111 Effect of actual variances from expected experience (a)(2)(40)Adjusted balance, January 13,530 3,656 Interest accrual133 139 Net premiums: earned during period(306)(317)Balance, end of period at original locked in discount rate3,357 3,478 Effect of changes in discount rate83 147 Balance, September 30$3,440 $3,625 Present value of future benefits & expensesBalance, January 1$16,583 $17,669 Effect of changes in discount rate440 (578)Balance, January 1, at original locked in discount rate17,023 17,091 Effect of changes in cash flow assumptions (a)121 126 Effect of actual variances from expected experience (a)50 33 Adjusted balance, January 117,194 17,250 Interest accrual688 693 Benefit & expense payments(870)(883)Balance, end of period at original locked in discount rate17,012 17,060 Effect of changes in discount rate(26)612 Balance, September 30$16,986 $17,672 Net LFPB, September 30$13,546 $14,047 (a)As of September 30, 2025 and 2024, the re-measurement loss of $59 million and $88 million presented parenthetically on the Consolidated Condensed Statement of Operations is comprised of the effect of changes in cash flow assumptions and the effect of actual variances from expected experience. 

27

The following table presents earned premiums and interest accretion associated with the long-term care business recognized on the Condensed Consolidated Statement of Operations.Three Months EndedNine Months EndedSeptember 30,September 30,2025202420252024(In millions)   Earned premiums$106 $110 $318 $329 Interest accretion185 185 555 554 The following table presents undiscounted expected future benefit and expense payments and undiscounted expected future gross premiums.September 30,202520