Company: L
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0000060086-25-000091
Chunk: 7

Company: LOEWS CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 1
Chunk 7
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Total fixed maturity securities$44,741 $796 $2,767 $47 $42,723 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 $3,039 $45 $41,061 Fixed maturities trading766 766 Total fixed maturity securities$44,196 $715 $3,039 $45 $41,827 

10

The available-for-sale fixed maturity 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 LongerTotalMarch 31, 2025Estimated Fair ValueGross Unrealized LossesEstimated Fair ValueGross Unrealized LossesEstimated Fair ValueGross Unrealized Losses(In millions) Fixed maturity securities:Corporate and other bonds$5,816 $141 $9,986 $1,008 $15,802 $1,149 States, municipalities and political  subdivisions944 51 2,986 778 3,930 829 Asset-backed:Residential mortgage-backed413 9 2,016 417 2,429 426 Commercial mortgage-backed58 1 969 118 1,027 119 Other asset-backed629 16 1,499 200 2,128 216 Total asset-backed1,100 26 4,484 735 5,584 761 U.S. Treasury and obligations of  government-sponsored enterprises43 1 42 1 85 2 Foreign government105 2 300 24 405 26 Total fixed