Company: L
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000060086-25-000181
Chunk: 92

Company: LOEWS CORP
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 92
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278 $25,841 States, municipalities and political subdivisions6,762 42 6,804 Asset-backed7,540 876 8,416 Fixed maturities available-for-sale223 38,642 2,196 41,061 Fixed maturities trading766 766 Total fixed maturities$989 $38,642 $2,196 $41,827 Equity securities$603 $441 $20 $1,064 Short-term and other4,383 70 4,453 Receivables5 5 Payable to brokers(88)(88)

18

The following tables present reconciliations for all assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three and nine months ended September 30, 2025 and 2024:Net Realized Investment Gains (Losses) and Net Change in Unrealized Investment Gains (Losses)Unrealized Gains (Losses) Recognized in Net Income (Loss) on Level 3 Assets and Liabilities Held at September 30Unrealized Gains (Losses) Recognized in Other Comprehensive Income (Loss) on Level 3 Assets and Liabilities Held at September 302025Balance, July 1Included in Net Income Included in OCIPurchasesSales Settlements Transfers into Level 3Transfers out of Level 3 Balance, September 30(In millions)Fixed maturity securities:Corporate bonds and other$1,388 $21 $24 $(33)$1,400 $21 States, municipalities and political subdivisions44 44 Asset-backed886 $8 8 93 (36)959 9 Fixed maturities available-for-sale$2,318 $8 $29 $117 $— $(69)$— $— $2,403 $— $30 Equity securities$10 $10 2024(In millions)Fixed maturity securities:Corporate bonds and other$1,129 $59 $83 $(10)$(24)$1,237 $57 States, municipalities and political subdivisions43 2 45 2 Asset-backed887 $1 30 38 (23)$(18)915 30 Fixed maturities available-for-sale$2,059 $1 $91 $121