Company: L
Filing Date: 2025-02-11
Form Type: 10-K
Source: 0000060086-25-000036
Chunk: 148

Company: LOEWS CORP
Filing Date: 2025-02-11
Form: 10-K
Item: Item 3
Chunk 148
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 for unpaid claim and claim adjustment expenses for accident years prior to 201533 Liability for unallocated claim adjustment expenses for accident years presented32 Total net liability for unpaid claim and claim adjustment expenses$1,425 Net Strengthening (Releases) of Prior Accident Year ReservesYears Ended December 31TotalAccident Year2015$66 $11 $(16)$(6)$22 $(9)$(3)$(4)$— $61 201660 (2)14 9 2 (2)6 (1)86 201737 9 2 (5)5 (4)7 51 201825 2 17 22 25 4 95 201915 13 13 (2)12 51 2020(1)(21)(8)(28)(58)2021(1)(2)(25)(28)2022— 4 4 202310 10 Total net development for the accident years presented above13 11 (17)Total net development for accident years prior to 2015— (6)9 Total unallocated claim adjustment expense development5 — — Total$18 $5 $(8)(a)Data presented for these calendar years is required supplemental information, which is unaudited.

128

Other Professional Liability and Management LiabilityCumulative Net Incurred Claim and Allocated Claim Adjustment ExpensesDecember 31, 2024December 312015 (a)2016 (a)2017 (a)2018 (a)2019 (a)2020 (a)2021 (a)2022 (a)2023 (a)2024 IBNRCumulative Number of Claims(In millions, except reported claims data)Accident Year            2015$888 $892 $877 $832 $807 $813 $836 $855 $858 $865 $21 17,457 2016901 900 900 904 907 891 888 906 912 37 17,989 2017847 845 813 791 775 758 746 752 51 18,215 2018850 864 869 906 923 941 987 57 20,071 2019837 845 856 876 939 970 96 19,548 202