Company: L
Filing Date: 2025-02-11
Form Type: 10-K
Source: 0000060086-25-000036
Chunk: 154

Company: LOEWS CORP
Filing Date: 2025-02-11
Form: 10-K
Item: Item 3
Chunk 154
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 to 2015171 Liability for unallocated claim adjustment expenses for accident years presented62 Total net liability for unpaid claim and claim adjustment expenses$4,356 Net Strengthening (Releases) of Prior Accident Year ReservesYears Ended December 31         Total Accident Year          2015$(5)$(2)$15 $11 $2 $15 $8 $14 $17 $75 2016 36 8 4 2 10 1 20 8 89  2017 — — 2 (4)22 38 23 81  2018 (9)2 (7)11 29 (14)12  2019 2 — 9 29 7 47  2020 (1)4 10 (34)(21) 2021 2 9 21 32  2022 (1)2 1  202335 35  Total net development for the accident years presented above 5714865  Total net development for accident years prior to 2015 10 1 10   Total unallocated claim adjustment expense development — ——  Total $67 $149 $75   (a)Data presented for these calendar years is required supplemental information, which is unaudited.

132

Workers’ CompensationCumulative Net Incurred Claim and Allocated Claim Adjustment ExpensesDecember 31, 2024December 312015 (a)2016 (a)2017 (a)2018 (a)2019 (a)2020 (a)2021 (a)2022 (a)2023 (a)2024 IBNRCumulative Number of Claims(In millions, except reported claims data)Accident Year            2015$422 $431 $406 $408 $394 $382 $372 $353 $334 $324 $45 31,916 2016426 405 396 382 366 355 331 308 293 45 32,000 2017440 432 421 400 402 399 398 383 65 33,156 2018450 440 428 415 415 404 399 65 34,914 2019452 449 437 436 419