Company: L
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000060086-25-000166
Chunk: 94

Company: LOEWS CORP
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 8
Chunk 94
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ing the second quarter annual review of other insurance operations reserves, including legacy mass tort exposures, unfavorable development was recorded largely associated with legacy mass tort abuse claim activity, the ongoing effects of social inflation and the anticipated agreement in principle with regards to the Diocese of Rochester. 2024Unfavorable development in other professional liability and management liability was primarily due to higher than expected claim severity and frequency in CNA’s professional E&O and cyber businesses.Unfavorable development in commercial auto was due to higher than expected claim severity in recent accident years.Unfavorable development in general liability was due to higher than expected claim severity in multiple accident years going back to 2014 and prior.Favorable development in workers’ compensation was due to favorable medical trends driving lower than expected severity in multiple accident years.Favorable development in other property and casualty operations was primarily due to favorable loss emergence in casualty coverages associated with healthcare products.

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Unfavorable development in other insurance operations was largely associated with legacy mass tort abuse reserves.Six Months2025Unfavorable development in other professional liability and management liability was primarily due to higher than expected claim severity and frequency in CNA’s professional E&O business.Favorable development in surety was primarily due to lower than expected frequency and lack of systemic activity in multiple accident years.Unfavorable development in warranty was primarily due to higher than expected frequency and severity in the most recent accident year for auto warranty.Unfavorable development in commercial auto was due to higher than expected claim severity, largely in CNA’s construction business in the most recent accident year.Unfavorable development in general liability was due to higher than expected claim severity in multiple accident years going back to 2016.Favorable development in workers’ compensation was due to favorable medical trends driving lower than expected severity in multiple accident years.Unfavorable development in other insurance operations was primarily driven by the second quarter 2025 change discussed above.2024Unfavorable development in other professional liability and management liability was primarily due to higher than expected claim severity and frequency in CNA’s professional E&O and cyber businesses.Favorable development in surety was primarily due to lower than expected frequency and lack of systemic activity in multiple accident years.Unfavorable development in warranty was primarily due to higher than expected frequency and severity in a recent accident year.Unfavorable development in commercial auto was due to higher than expected claim severity in recent accident years.Unfavorable development in general liability was due to higher than expected claim severity in multiple accident years going back to 2014 and