Company: L
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0000060086-25-000181
Chunk: 88

Company: LOEWS CORP
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 88
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 the unrealized losses are concentrated in investment grade issuers, were considered. Additionally, there is no current intent to sell securities with unrealized losses, nor is it more likely than not that sale will be required prior to recovery of amortized cost; accordingly, it was determined that there are no additional impairment losses to be recorded as of September 30, 2025.The following tables present the activity related to the allowance on available-for-sale securities with credit impairments and purchased credit-deteriorated (“PCD”) assets. Accrued interest receivable on available-for-sale fixed maturity securities totaled $469 million, $442 million and $451 million as of September 30, 2025, December 31, 2024 and September 30, 2024 and are excluded from the estimate of expected credit losses and the amortized cost basis in the tables within this Note.Three months ended September 30, 2025Corporate and Other Bonds Asset-backedTotal (In millions)Allowance for credit losses:Balance as of July 1, 2025$14 $37 $51 Additions to the allowance for credit losses:Securities for which credit losses were not previously recorded3 3 Available-for-sale securities accounted for as PCD assets4 4 Additional increases to the allowance for credit losses on securities that had an allowance recorded in a previous period3 3 Total allowance for credit losses$21 $40 $61 

14

Three months ended September 30, 2024Corporate and Other BondsAsset-backedTotal(In millions)Allowance for credit losses:Balance as of July 1, 2024$— $17 $17 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: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