Company: L
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000060086-25-000181
Chunk: 12

Company: LOEWS CORP
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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 for credit losses:Write-offs charged against the allowance9 9 Additional increases to the allowance for credit losses on securities that had an allowance recorded in a previous period4 4 Total allowance for credit losses$6 $12 $18 Nine months ended September 30, 2025Corporate and Other BondsAsset-backedTotal(In millions)   Allowance for credit losses:   Balance as of January 1, 2025$13 $32 $45 Additions to the allowance for credit losses:Securities for which credit losses were not previously recorded3 3 6 Available-for-sale securities accounted for as PCD assets4 4 Reductions to the allowance for credit losses:Securities disposed during the period (realized)6 6 Additional increases to the allowance for credit losses on securities that had an allowance recorded in a previous period7 5 12 Total allowance for credit losses$21 $40 $61 

15

Nine months ended September 30, 2024Corporate and Other BondsAsset-backedTotal(In millions)   Allowance for credit losses:   Balance as of January 1, 2024$4 $12 $16 Additions to the allowance for credit losses:Securities for which credit losses were not previously recorded4 4 Available-for-sale securities accounted for as PCD assets2 2  Reductions to the allowance for credit losses:Securities disposed during the period (realized)3 1 4 Intent to sell or more likely than not will be required to sell thesecurity before recovery of its amortized cost basis1 1 Write-offs charged against the allowance9 9 Additional increases to the allowance for credit losses on securities that had an allowance recorded in a previous period10 10 Total allowance for credit losses$6 $12 $18 Contractual MaturityThe following table presents available-for-sale fixed maturity securities by contractual maturity.September 30, 2025December 31, 2024Cost or Amortized CostEstimated Fair ValueCost or Amortized CostEstimated Fair Value(In millions)Due in one year or less$1,275 $1,267 $1,761 $1,753 Due after one year through five years11,741 11,578 11,678 11,403 Due after five years through ten years12,959 12,713 13,083