Company: L
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000060086-25-000166
Chunk: 81

Company: LOEWS CORP
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 8
Chunk 81
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Table of contents

2. Investments

Net investment income is as follows:Three Months EndedSix Months EndedJune 30,June 30,2025202420252024(In millions)     Fixed maturity securities$536 $511 $1,057 $1,013 Limited partnership investments81 74 137 128 Short-term investments16 20 35 49 Equity securities (a)27 13 33 35 Income from trading portfolio (a)52 11 56 69 Other28 34 54 62 Total investment income740 663 1,372 1,356 Investment expenses(26)(24)(50)(48)Net investment income$714 $639 $1,322 $1,308 (a) Aggregate income (loss) recognized due to the change in fair value of equity and trading portfolio securities held as of June 30, 2025 and 2024 $30 $(21)$(10)$19 Investment gains (losses) are as follows:Three Months EndedSix Months EndedJune 30,June 30,2025202420252024(In millions)     Fixed maturity securities:Gross gains$5 $13 $18 $27 Gross losses(53)(25)(75)(71)Investment losses on fixed maturity securities(48)(12)(57)(44)Equity securities (a)6 1 6 12 Short-term investments and other(4)1 (4)Investment losses$(46)$(10)$(55)$(32)(a) Investment gains (losses) recognized due to the change in fair value of non-redeemable preferred stock included within equity securities held as of June 30, 2025 and 2024 $6 $1 $4 $12 The available-for-sale impairment losses (gains) recognized in earnings by asset type are presented in the following table. The table includes losses (gains) on securities with an intention to sell and changes in the allowance for credit losses on securities since acquisition date: 

10

Three Months EndedSix Months EndedJune 30,June 30,2025202420252024(In millions)     Fixed maturity securities available-for-sale:  Corporate and other bonds$4 $6 $11 $15 Asset-backed5 5 5 Impairment losses recognized in earnings$9