Company: L
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000060086-25-000181
Chunk: 89

Company: LOEWS CORP
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 89
---
 6 Available-for-sale securities accounted for as PCD assets4 4 Reductions to the allowance for credit losses:Securities disposed during the period (realized)6 6 Additional increases to the allowance for credit losses on securities that had an allowance recorded in a previous period7 5 12 Total allowance for credit losses$21 $40 $61 

15

Nine months ended September 30, 2024Corporate and Other BondsAsset-backedTotal(In millions)   Allowance for credit losses:   Balance as of January 1, 2024$4 $12 $16 Additions to the allowance for credit losses:Securities for which credit losses were not previously recorded4 4 Available-for-sale securities accounted for as PCD assets2 2  Reductions to the allowance for credit losses:Securities disposed during the period (realized)3 1 4 Intent to sell or more likely than not will be required to sell thesecurity before recovery of its amortized cost basis1 1 Write-offs charged against the allowance9 9 Additional increases to the allowance for credit losses on securities that had an allowance recorded in a previous period10 10 Total allowance for credit losses$6 $12 $18 Contractual MaturityThe following table presents available-for-sale fixed maturity securities by contractual maturity.September 30, 2025December 31, 2024Cost or Amortized CostEstimated Fair ValueCost or Amortized CostEstimated Fair Value(In millions)Due in one year or less$1,275 $1,267 $1,761 $1,753 Due after one year through five years11,741 11,578 11,678 11,403 Due after five years through ten years12,959 12,713 13,083 12,365 Due after ten years18,883 18,078 16,908 15,540 Total$44,858 $43,636 $43,430 $41,061 Actual maturities may differ from contractual maturities because certain securities may be called or prepaid. Securities not due at a single date are allocated based on weighted average life.

16

Mortgage LoansThe following table presents the amortized cost basis of mortgage loans for each credit quality indicator by year of origination. The primary credit quality indicators utilized are debt service coverage ratios (“D