Company: L
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000060086-25-000166
Chunk: 82

Company: LOEWS CORP
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 8
Chunk 82
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 $6 $16 $20 There were $5 million of impairment losses recognized on mortgage loans during the three and six months ended June 30, 2025 due to changes in expected credit losses. There were no impairment losses recognized on mortgage loans during the three and six months ended June 30, 2024.

11

The following tables present a summary of fixed maturity securities:June 30, 2025Cost or Amortized CostGross UnrealizedGainsGross UnrealizedLossesAllowancefor Credit Losses EstimatedFair Value(In millions)           Fixed maturity securities:     Corporate and other bonds$26,205 $566 $1,069 $14 $25,688 States, municipalities and political  subdivisions8,044 223 892 7,375 Asset-backed:Residential mortgage-backed3,947 25 427 3,545 Commercial mortgage-backed1,705 17 106 18 1,598 Other asset-backed3,783 25 213 19 3,576 Total asset-backed9,435 67 746 37 8,719 U.S. Treasury and obligations of  government sponsored enterprises231 5 226 Foreign government744 7 26 725 Fixed maturities available-for-sale$44,659 $863 $2,738 $51 $42,733 Fixed maturities trading624 624 Total fixed maturity securities$45,283 $863 $2,738 $51 $43,357 December 31, 2024    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 $