Company: L
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0000060086-25-000166
Chunk: 88

Company: LOEWS CORP
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 8
Chunk 88
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 includes obligations of the United States of America (“U.S.”) Treasury, government-sponsored enterprises, foreign governments and redeemable preferred stock.June 30, 2025Level 1 Level 2 Level 3Total (In millions)         Fixed maturity securities:    Corporate bonds and other$229 $25,022 $1,388 $26,639 States, municipalities and political subdivisions7,331 44 7,375 Asset-backed7,833 886 8,719 Fixed maturities available-for-sale229 40,186 2,318 42,733 Fixed maturities trading559 65 624 Total fixed maturities$788 $40,251 $2,318 $43,357  Equity securities$815 $469 $10 $1,294 Short-term and other4,247 45 4,292 Receivables1 1 Payable to brokers(41)(41)December 31, 2024Fixed maturity securities:Corporate bonds and other$223 $24,340 $1,278 $25,841 States, municipalities and political subdivisions6,762 42 6,804 Asset-backed7,540 876 8,416 Fixed maturities available-for-sale223 38,642 2,196 41,061 Fixed maturities trading766 766 Total fixed maturities$989 $38,642 $2,196 $41,827 Equity securities$603 $441 $20 $1,064 Short-term and other4,383 70 4,453 Receivables5 5 Payable to brokers(88)(88)

18

The following tables present reconciliations for all assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three and six months ended June 30, 2025 and 2024:Net Realized Investment Gains (Losses) and Net Change in Unrealized Investment Gains (Losses)Unrealized Gains (Losses) Recognized in Net Income (Loss) on Level 3 Assets and Liabilities Held at June 30Unrealized Gains (Losses) Recognized in Other Comprehensive Income (Loss) on Level 3 Assets and Liabilities Held at June 302025Balance, April