Company: L
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0000060086-25-000091
Chunk: 12

Company: LOEWS CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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U.S.”) Treasury, government-sponsored enterprises, foreign governments and redeemable preferred stock.March 31, 2025Level 1 Level 2 Level 3Total (In millions)         Fixed maturity securities:    Corporate bonds and other$222 $25,041 $1,351 $26,614 States, municipalities and political subdivisions6,600 44 6,644 Asset-backed7,774 889 8,663 Fixed maturities available-for-sale222 39,415 2,284 41,921 Fixed maturities trading800 2 802 Total fixed maturities$1,022 $39,417 $2,284 $42,723  Equity securities$694 $478 $17 $1,189 Short-term and other4,150 43 4,193 Receivables3 3 Payable to brokers(61)(61)December 31, 2024Fixed maturity securities:Corporate bonds and other$223 $24,340 $1,278 $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)

15

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 months ended March 31, 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 March 31Unrealized Gains (Losses) Recognized in Other Comprehensive Income (Loss) on Level 3 Assets and Liabilities Held at March 312025Balance, January 1Included in Net Income Included in OCIP