Company: L
Filing Date: 2025-02-11
Form Type: 10-K
Source: 0000060086-25-000036
Chunk: 328

Company: LOEWS CORP
Filing Date: 2025-02-11
Form: 10-K
Item: Item 3
Chunk 328
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 Fixed maturity securities:     Corporate and other bonds$25,839 $423 $1,305 $13 $24,944 States, municipalities and political  subdivisions7,396 243 835 6,804 Asset-backed:Residential mortgage-backed3,725 7 488 3,244 Commercial mortgage-backed1,779 11 141 18 1,631 Other asset-backed3,770 24 239 14 3,541 Total asset-backed9,274 42 868 32 8,416 U.S. Treasury and obligations of  government sponsored enterprises220 1 1 220 Foreign government701 6 30 677 Fixed maturities available-for-sale$43,430 $715 $3,039 $45 $41,061 Fixed maturities trading766 766 Total fixed maturity securities$44,196 $715 $3,039 $45 $41,827 December 31, 2023    Fixed maturity securities:    Corporate and other bonds$25,020 $597 $1,345 $4 $24,268 States, municipalities and political  subdivisions7,713 382 703 7,392 Asset-backed:Residential mortgage-backed3,411 16 425 3,002 Commercial mortgage-backed1,862 7 230 8 1,631 Other asset-backed3,515 13 256 4 3,268 Total asset-backed8,788 36 911 12 7,901 U.S. Treasury and obligations of  government sponsored enterprises152 1 2 151 Foreign government741 6 34 713 Fixed maturities available-for-sale$42,414 $1,022 $2,995 $16 $40,425 Fixed maturities trading201 201 Total fixed maturity securities$42,615 $1,022 $2,995 $16 $40,626 

107

The available-for-sale fixed maturities securities in a gross unrealized loss position for which an allowance for credit losses has not been recorded are as follows: Less than 12 Months12 Months or LongerTotalDecember 31, 2024Estimated Fair ValueGross Unrealized LossesEstimated Fair ValueGross Unrealized