7Baggers

Loews Corporation
(NYSE:L) 

L stock logo

Loews Corporation provides commercial property and casualty insurance in the United States and internationally. The company offers specialty insurance products, such as management and professional liability, and other coverage products; surety and fidelity bonds; property insurance products that inc...

Founded: 1969
Full Time Employees: 18,605
Sector: Financial Services
Industry: Insurance-Property & Casualty

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At a glance:
Bull Thesis:
Bear Thesis:
Main Competitors:
Moat:
Income Statements:
Quarterly
Annual
    Unit: USD2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 
                                     
      revenues:
                                     
      insurance premiums
    2,699,000,000 2,797,000,000 2,783,000,000 2,694,000,000 2,626,000,000 2,679,000,000 2,593,000,000 2,498,000,000 2,441,000,000 2,479,000,000 2,406,000,000 2,347,000,000 2,248,000,000 2,232,000,000 2,221,000,000 2,155,000,000 2,059,000,000 2,119,000,000 2,059,000,000 2,035,000,000 1,962,000,000 1,977,000,000 1,953,000,000 1,850,000,000 1,869,000,000 1,911,000,000 1,890,000,000 1,824,000,000 1,803,000,000 1,859,000,000 1,853,000,000 1,815,000,000 1,785,000,000 
      net investment income
    613,000,000 714,000,000 743,000,000 714,000,000 608,000,000 696,000,000 776,000,000 639,000,000 669,000,000 643,000,000 592,000,000 592,000,000 569,000,000 600,000,000 404,000,000 366,000,000 432,000,000 610,000,000 483,000,000 616,000,000 550,000,000 648,000,000 540,000,000 644,000,000 163,000,000 622,000,000 525,000,000 551,000,000 657,000,000 266,000,000 494,000,000 551,000,000 506,000,000 
      investment losses
    -18,000,000 -19,000,000 -7,000,000 -46,000,000 -9,000,000 -39,000,000 -10,000,000  -22,000,000 -14,750,000 -38,000,000  -35,000,000                     
      non-insurance warranty revenue
    374,000,000 389,000,000 393,000,000 398,000,000 397,000,000 397,000,000 401,000,000 404,000,000 407,000,000 403,000,000 407,000,000 407,000,000 407,000,000 401,000,000 399,000,000 392,000,000 382,000,000 376,000,000 357,000,000 359,000,000 338,000,000 326,000,000 317,000,000 308,000,000 301,000,000 303,000,000 292,000,000 285,000,000 281,000,000     
      operating revenues and other
    887,000,000 853,000,000 759,000,000 795,000,000 872,000,000 813,000,000 706,000,000 736,000,000 736,000,000 727,000,000 559,000,000 574,000,000 594,000,000 593,000,000 533,000,000 534,000,000 540,000,000 553,000,000 450,000,000 415,000,000 715,000,000 692,000,000 609,000,000 650,000,000 982,000,000 1,032,000,000 960,000,000 961,000,000 985,000,000 233,000,000 1,246,000,000 1,227,000,000 1,281,000,000 
      yoy
    1.72% 4.92% 7.51% 8.02% 18.48% 11.83% 26.30% 28.22% 23.91% 22.60% 4.88% 7.49% 10.00% 7.23% 18.44% 28.67% -24.48% -20.09% -26.11% -36.15% -27.19% -32.95% -36.56% -32.36% -0.30% 342.92% -22.95% -21.68% -23.11%     
      qoq
    3.99% 12.38% -4.53% -8.83% 7.26% 15.16% -4.08% 0.00% 1.24% 30.05% -2.61% -3.37% 0.17% 11.26% -0.19% -1.11% -2.35% 22.89% 8.43% -41.96% 3.32% 13.63% -6.31% -33.81% -4.84% 7.50% -0.10% -2.44% 322.75% -81.30% 1.55% -4.22%  
      operating margin %
    19.47% 18.02% 16.25% 17.45% 19.40% 17.88% 15.81% 17.25% 17.40% 17.07% 14.24% 14.59% 15.70% 15.63% 15.40% 15.76% 15.87% 15.11% 13.35% 10.37% 19.74% 18.66% 17.58% 28.14% 31.69% 26.63% 26.12% 26.52% 26.22% 7.09% 34.53% 34.18% 35.77% 
      total
    4,555,000,000 4,734,000,000 4,671,000,000 4,555,000,000 4,494,000,000 4,546,000,000 4,466,000,000 4,267,000,000 4,231,000,000 4,258,000,000 3,926,000,000 3,934,000,000 3,783,000,000 3,793,000,000 3,461,000,000 3,388,000,000 3,402,000,000 3,661,000,000 3,371,000,000 4,003,000,000 3,622,000,000 3,709,000,000 3,465,000,000 2,310,000,000 3,099,000,000 3,876,000,000 3,675,000,000 3,623,000,000 3,757,000,000 3,287,000,000 3,608,000,000 3,590,000,000 3,581,000,000 
      yoy
    1.36% 4.14% 4.59% 6.75% 6.22% 6.76% 13.75% 8.46% 11.84% 12.26% 13.44% 16.12% 11.20% 3.61% 2.67% -15.36% -6.07% -1.29% -2.71% 73.29% 16.88% -4.31% -5.71% -36.24% -17.51% 17.92% 1.86% 0.92% 4.91%     
      qoq
    -3.78% 1.35% 2.55% 1.36% -1.14% 1.79% 4.66% 0.85% -0.63% 8.46% -0.20% 3.99% -0.26% 9.59% 2.15% -0.41% -7.07% 8.60% -15.79% 10.52% -2.35% 7.04% 50.00% -25.46% -20.05% 5.47% 1.44% -3.57% 14.30% -8.90% 0.50% 0.25%  
      expenses:
                                     
      insurance claims and policyholders’ benefits
    2,175,000,000 2,150,000,000 2,032,000,000 2,085,000,000 2,027,000,000 2,030,000,000 2,019,000,000 1,882,000,000 1,807,000,000 1,810,000,000 1,826,000,000 1,779,000,000 1,653,000,000 1,683,000,000 1,665,000,000 1,583,000,000 1,455,000,000 1,665,000,000 1,632,000,000 1,546,000,000 1,506,000,000 1,487,000,000 1,616,000,000 1,642,000,000 1,425,000,000 1,483,000,000 1,614,000,000 1,352,000,000 1,357,000,000 1,594,000,000 1,312,000,000 1,327,000,000 1,339,000,000 
      amortization of deferred acquisition costs
    476,000,000 475,000,000 483,000,000 469,000,000 471,000,000 462,000,000 457,000,000 435,000,000 444,000,000 436,000,000 426,000,000 403,000,000 379,000,000 389,000,000 383,000,000 374,000,000 344,000,000 359,000,000 368,000,000 357,000,000 359,000,000 364,000,000 360,000,000 342,000,000 344,000,000 358,000,000 345,000,000 338,000,000 342,000,000 343,000,000 337,000,000 359,000,000 296,000,000 
      non-insurance warranty expense
    356,000,000 380,000,000 377,000,000 384,000,000 385,000,000 378,000,000 387,000,000 388,000,000 394,000,000 390,000,000 386,000,000 384,000,000 384,000,000 379,000,000 371,000,000 367,000,000 354,000,000 355,000,000 330,000,000 332,000,000 311,000,000 300,000,000 293,000,000 285,000,000 281,000,000 281,000,000 278,000,000 263,000,000 260,000,000     
      operating expenses and other
    1,009,000,000 1,110,000,000 1,000,000,000 989,000,000 991,000,000 1,392,000,000 930,000,000 968,000,000 880,000,000 944,000,000 860,000,000 808,000,000 781,000,000 911,000,000 760,000,000 715,000,000 691,000,000 723,000,000 638,000,000 656,000,000 914,000,000 899,000,000 876,000,000 992,000,000 2,026,000,000 1,336,000,000 1,234,000,000 1,231,000,000 1,149,000,000 515,000,000 1,459,000,000 1,454,000,000 1,400,000,000 
      equity method loss
    -37,000,000 -9,750,000 -22,000,000  1,000,000 -11,000,000 9,000,000                           
      interest
    113,000,000 113,000,000 112,000,000 107,000,000 105,000,000 110,000,000 114,000,000 114,000,000 103,000,000 96,000,000 94,000,000 91,000,000 95,000,000 94,000,000 92,000,000 96,000,000 96,000,000 100,000,000 99,000,000 100,000,000 125,000,000 111,000,000 137,000,000 123,000,000 144,000,000 142,000,000 144,000,000 164,000,000 141,000,000 144,000,000 146,000,000 143,000,000 141,000,000 
      income before income tax
    463,000,000 541,000,000 689,000,000 539,000,000 514,000,000 188,000,000 550,000,000 507,000,000 629,000,000 613,000,000 356,000,000 508,000,000 519,000,000 476,000,000 190,000,000 253,000,000 462,000,000 459,000,000 304,000,000 1,012,000,000 407,000,000 548,000,000 183,000,000 -1,074,000,000 -1,121,000,000 276,000,000 60,000,000 275,000,000 508,000,000 -232,000,000 354,000,000 307,000,000 405,000,000 
      income tax expense
    -109,000,000 -113,000,000 -153,000,000 -123,000,000 -122,000,000 1,000,000 -125,000,000 -112,000,000 -144,000,000 -136,000,000 -80,000,000 -120,000,000 -115,000,000 -47,500,000 -47,000,000 -51,000,000 -92,000,000         -65,000,000 -21,000,000 -50,000,000 -112,000,000 21,000,000 -65,000,000 -59,000,000 -25,000,000 
      net income
    354,000,000 428,000,000 536,000,000 416,000,000 392,000,000 189,000,000 425,000,000 395,000,000 485,000,000 477,000,000 276,000,000 388,000,000 404,000,000 388,000,000 143,000,000 202,000,000 370,000,000 371,000,000 246,000,000 793,000,000 293,000,000 437,000,000 162,000,000 -846,000,000 -1,044,000,000 211,000,000 39,000,000 225,000,000 396,000,000 -211,000,000 289,000,000 248,000,000 380,000,000 
      yoy
    -9.69% 126.46% 26.12% 5.32% -19.18% -60.38% 53.99% 1.80% 20.05% 22.94% 93.01% 92.08% 9.19% 4.58% -41.87% -74.53% 26.28% -15.10% 51.85% -193.74% -128.07% 107.11% 315.38% -476.00% -363.64% -200.00% -86.51% -9.27% 4.21%     
      qoq
    -17.29% -20.15% 28.85% 6.12% 107.41% -55.53% 7.59% -18.56% 1.68% 72.83% -28.87% -3.96% 4.12% 171.33% -29.21% -45.41% -0.27% 50.81% -68.98% 170.65% -32.95% 169.75% -119.15% -18.97% -594.79% 441.03% -82.67% -43.18% -287.68% -173.01% 16.53% -34.74%  
      net income margin %
    7.77% 9.04% 11.48% 9.13% 8.72% 4.16% 9.52% 9.26% 11.46% 11.20% 7.03% 9.86% 10.68% 10.23% 4.13% 5.96% 10.88% 10.13% 7.30% 19.81% 8.09% 11.78% 4.68% -36.62% -33.69% 5.44% 1.06% 6.21% 10.54% -6.42% 8.01% 6.91% 10.61% 
      amounts attributable to noncontrolling interests
    -17,000,000 -26,000,000 -32,000,000 -25,000,000 -22,000,000 -2,000,000 -24,000,000 -26,000,000 -28,000,000 -31,000,000 -23,000,000 -28,000,000 -29,000,000 -24,000,000 -13,000,000 -22,000,000 -32,000,000 -28,000,000 -26,000,000 -39,000,000 -32,000,000 -40,000,000 -23,000,000 11,000,000 412,000,000 6,000,000 33,000,000 24,000,000 -2,000,000 46,000,000 -11,000,000 -18,000,000 -87,000,000 
      net income attributable to loews corporation
    337,000,000 402,000,000 504,000,000 391,000,000 370,000,000 187,000,000 401,000,000 369,000,000 457,000,000 446,000,000 253,000,000 360,000,000 375,000,000 364,000,000 130,000,000 180,000,000 338,000,000 343,000,000 220,000,000 754,000,000 261,000,000 397,000,000 139,000,000 -835,000,000 -632,000,000 217,000,000 72,000,000 249,000,000 394,000,000 -165,000,000 278,000,000 230,000,000 293,000,000 
      basic and diluted net income per share
    1.63   1.87 1.74   1.67 2.05   1.58          -1.175 0.5  -2.2    1.27     
      weighted-average shares outstanding:
                                     
      shares of common stock
    206.18 52.435 207.57 209.24 212.45 55.29 219.67 221.35 222.47 57.213 225.64 227.69 233.3 61.143 240.37 245.45 247.97 65.568 256.76 262.76 267.39 70.658 279.4 281.48 287.04 76.27 301.65 303.84 309.83 80.203 315.9 318.87 327.78 
      dilutive potential shares of common stock
    0.09 0.035 0.14 0.12 0.15 0.068 0.27 0.25 0.31 0.078 0.35 0.28 0.32 0.115 0.39 0.49 0.51 0.125 0.54 0.58 0.37  0.09   0.163 0.7 0.7 0.53 0.23 0.91 0.91 0.94 
      total weighted-average shares outstanding assuming dilution
    206.27  207.71 209.36 212.6  219.94 221.6 222.78  225.99 227.97 233.62  240.76 245.94 248.48  257.3 263.34 267.76  279.49 281.48 287.04  302.35 304.54 310.36  316.81 319.78 328.72 
      basic net income per share
     1.95 2.43   0.87 1.83   1.98 1.12  1.61 1.52 0.54 0.73 1.36 1.37 0.86 2.87 0.98   -2.96  0.585 0.24 0.82  0.625 0.88 0.72 0.89 
      diluted net income per share
     1.94 2.43   0.87 1.82   1.98 1.12  1.61 1.52 0.54 0.73 1.36 1.37 0.85 2.86 0.97   -2.96  0.585 0.24 0.82  0.623 0.88 0.72 0.89 
      equity method income
       -18,000,000    -27,000,000 -26,000,000 -31,000,000 -22,000,000 -39,000,000 -28,000,000                     
      investment gains
           -10,000,000    14,000,000  -33,000,000 -96,000,000 -59,000,000 -11,000,000 3,000,000 22,000,000 578,000,000 57,000,000 66,000,000 46,000,000 -1,142,000,000 -216,000,000         
      income tax benefit
                     -88,000,000 -58,000,000 -219,000,000 -114,000,000 -111,000,000 -21,000,000 228,000,000 77,000,000         
      other-than-temporary impairment losses
                             -10,000,000 -14,000,000 -6,000,000 -14,000,000 -12,000,000 -3,000,000  -6,000,000 
      other net investment gains
                             18,000,000 22,000,000 8,000,000 45,000,000 -66,000,000 18,000,000 -3,000,000 15,000,000 
      total investment gains
                             8,000,000 8,000,000 2,000,000 31,000,000 -78,000,000 15,000,000 -3,000,000 9,000,000 
      dividends per share
                                 0.047 0.063 0.063 0.063 
    Balance Sheets:
    Quarterly
    Annual
      Unit: USD2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-09-30 2017-06-30 2017-03-31 2016-09-30 2016-06-30 2016-03-31 2015-09-30 2015-06-30 2015-03-31 2014-09-30 2014-06-30 2014-03-31 2013-09-30 2013-03-31 2012-06-30 2012-03-31 2011-09-30 2011-06-30 2011-03-31 2010-09-30 2010-03-31 2009-06-30 2009-03-31 2008-09-30 2008-06-30 2008-03-31 
                                                                 
        assets:
                                                                 
        investments:
                                                                 
        fixed maturities, amortized cost of 45,400 and 45,250, less allowance for credit loss of 75 and 69
      43,570,000,000                                                           
        equity securities, cost of 1,372 and 1,201
      1,354,000,000                                                           
        limited partnership investments
      2,912,000,000 2,861,000,000 2,801,000,000 2,754,000,000 2,572,000,000 2,520,000,000 2,462,000,000 2,367,000,000 2,274,000,000 2,174,000,000 2,074,000,000 2,020,000,000 2,011,000,000 1,954,000,000 1,975,000,000 1,941,000,000 1,917,000,000 1,933,000,000 1,996,000,000 1,898,000,000 1,769,000,000 1,798,000,000 1,758,000,000 1,742,000,000 1,730,000,000 2,004,000,000 2,012,000,000 2,036,000,000 2,120,000,000 2,424,000,000 2,832,000,000 3,310,000,000 3,291,000,000 3,201,000,000 3,254,000,000 3,258,000,000 3,293,000,000 3,355,000,000 3,301,000,000 3,495,000,000 3,714,000,000 3,749,000,000 3,658,000,000 3,561,000,000 3,512,000,000 3,465,000,000 3,207,000,000 2,743,000,000 2,909,000,000 2,953,000,000 3,130,000,000 3,025,000,000 2,648,000,000 2,164,000,000 1,975,000,000 1,768,000,000 2,207,000,000 2,428,000,000 2,347,000,000 
        other invested assets, primarily mortgage loans, less allowance for credit loss of 15 and 15
      1,177,000,000                                                           
        short-term investments
      5,274,000,000 6,044,000,000 5,383,000,000 4,452,000,000 4,354,000,000 4,606,000,000 5,242,000,000 4,916,000,000 5,388,000,000 4,396,000,000                                                  
        total investments
      54,287,000,000 55,376,000,000 54,758,000,000 52,995,000,000 51,993,000,000 51,130,000,000 53,069,000,000 50,346,000,000 50,723,000,000 49,369,000,000 46,413,000,000 47,563,000,000 47,589,000,000 46,768,000,000 45,997,000,000 48,075,000,000 51,102,000,000 53,938,000,000 54,043,000,000 54,374,000,000 52,359,000,000 53,844,000,000 52,772,000,000 51,486,000,000 47,842,000,000 51,250,000,000 51,387,000,000 50,740,000,000 49,468,000,000 48,186,000,000 48,695,000,000 50,469,000,000 51,065,000,000 52,134,000,000 51,606,000,000 51,022,000,000 52,385,000,000 52,359,000,000 50,650,000,000 50,550,000,000 51,048,000,000 52,192,000,000 52,644,000,000 52,951,000,000 52,063,000,000 52,358,000,000 53,184,000,000 51,075,000,000 50,958,000,000 49,625,000,000 48,884,000,000 48,632,000,000 48,842,000,000 47,502,000,000 41,313,000,000 39,091,000,000 42,278,000,000 45,358,000,000 47,429,000,000 
        cash
      843,000,000 495,000,000 567,000,000 447,000,000 560,000,000 541,000,000 548,000,000 470,000,000 556,000,000 399,000,000 762,000,000 463,000,000 594,000,000 532,000,000 886,000,000 951,000,000 798,000,000 621,000,000 811,000,000 578,000,000 660,000,000 478,000,000 886,000,000 668,000,000 939,000,000 336,000,000 442,000,000 440,000,000 339,000,000 405,000,000 571,000,000 453,000,000 451,000,000 416,000,000 357,000,000 412,000,000 344,000,000 348,000,000 308,000,000 328,000,000 249,000,000 271,000,000 637,000,000 277,000,000 301,000,000 257,000,000 179,000,000 136,000,000 99,000,000 128,000,000 148,000,000 123,000,000 132,000,000 135,000,000 136,000,000 138,000,000 236,000,000 168,000,000 207,000,000 
        receivables
      10,990,000,000 10,983,000,000 10,936,000,000 11,357,000,000 10,790,000,000 10,522,000,000 10,138,000,000 10,280,000,000 9,754,000,000 9,660,000,000 9,437,000,000 9,926,000,000 9,416,000,000 9,403,000,000 9,458,000,000 9,701,000,000 9,259,000,000 9,273,000,000 9,187,000,000 9,162,000,000 8,539,000,000 7,833,000,000 7,850,000,000 8,431,000,000 8,136,000,000 7,675,000,000 7,622,000,000 8,144,000,000 8,012,000,000 7,960,000,000 7,836,000,000 8,217,000,000 7,893,000,000 7,792,000,000 7,977,000,000 7,783,000,000 7,853,000,000 8,616,000,000 8,227,000,000 8,079,000,000 8,097,000,000 8,157,000,000 8,185,000,000 8,441,000,000 8,355,000,000 9,023,000,000 9,605,000,000 9,145,000,000 9,409,000,000 10,109,000,000 10,133,000,000 10,182,000,000 11,091,000,000 10,000,000,000 11,529,000,000 11,334,000,000 12,201,000,000 11,965,000,000 11,959,000,000 
        property, plant and equipment
      10,775,000,000 10,695,000,000 10,668,000,000 10,666,000,000 10,674,000,000 10,738,000,000 10,689,000,000 10,710,000,000 10,723,000,000 10,718,000,000 10,674,000,000 10,328,000,000 10,098,000,000 10,027,000,000 9,949,000,000 9,962,000,000 9,896,000,000 9,888,000,000 9,878,000,000 9,847,000,000 9,921,000,000 10,451,000,000 10,468,000,000 10,475,000,000 14,751,000,000 15,568,000,000 15,561,000,000 15,513,000,000 15,407,000,000 15,511,000,000 15,467,000,000 15,471,000,000 15,461,000,000 15,475,000,000 15,447,000,000 15,160,000,000 15,200,000,000 15,126,000,000 15,351,000,000 15,902,000,000 15,917,000,000 15,376,000,000 14,411,000,000 14,133,000,000 14,974,000,000 14,381,000,000 14,204,000,000 13,709,000,000 13,522,000,000 12,935,000,000 12,456,000,000 12,543,000,000 12,619,000,000 13,249,000,000 12,671,000,000 12,160,000,000 12,809,000,000 11,782,000,000 11,086,000,000 
        goodwill
      348,000,000 349,000,000 349,000,000 349,000,000 347,000,000 347,000,000 349,000,000 347,000,000 347,000,000 347,000,000 346,000,000 347,000,000 346,000,000 346,000,000 344,000,000 346,000,000 348,000,000 349,000,000 349,000,000 350,000,000 349,000,000 785,000,000 765,000,000 764,000,000 763,000,000 767,000,000 772,000,000 768,000,000 682,000,000 665,000,000 657,000,000 658,000,000 661,000,000 648,000,000 647,000,000 346,000,000 347,000,000 348,000,000 350,000,000 352,000,000 373,000,000 371,000,000 353,000,000 355,000,000 354,000,000 991,000,000 993,000,000 908,000,000 908,000,000 856,000,000 856,000,000 856,000,000 856,000,000 856,000,000 856,000,000     
        deferred non-insurance warranty acquisition expenses
      3,098,000,000 3,220,000,000 3,340,000,000 3,441,000,000 3,493,000,000 3,525,000,000 3,571,000,000 3,598,000,000 3,621,000,000 3,661,000,000 3,688,000,000 3,689,000,000 3,671,000,000 3,671,000,000 3,653,000,000 3,593,000,000 3,504,000,000 3,476,000,000 3,418,000,000 3,305,000,000 3,149,000,000 3,068,000,000 2,998,000,000 2,916,000,000 2,905,000,000 2,840,000,000 2,772,000,000 2,678,000,000 2,576,000,000 2,513,000,000                              
        deferred acquisition costs of insurance subsidiaries
      1,008,000,000 986,000,000 985,000,000 1,021,000,000 999,000,000 959,000,000 943,000,000 948,000,000 927,000,000 896,000,000 880,000,000 885,000,000 852,000,000 806,000,000 787,000,000 792,000,000 766,000,000 737,000,000 721,000,000 721,000,000 741,000,000 708,000,000 697,000,000 699,000,000 683,000,000 662,000,000 668,000,000 681,000,000 664,000,000 633,000,000 654,000,000 673,000,000 665,000,000 643,000,000 647,000,000 626,000,000 619,000,000 620,000,000 622,000,000 606,000,000 621,000,000 616,000,000 627,000,000 650,000,000 652,000,000 642,000,000 641,000,000 584,000,000 576,000,000 783,000,000 1,106,000,000 1,098,000,000 1,096,000,000 1,109,000,000 1,145,000,000 1,132,000,000 1,157,000,000 1,167,000,000 1,158,000,000 
        other assets
      4,303,000,000 4,244,000,000 4,338,000,000 4,392,000,000 4,286,000,000 4,181,000,000 4,310,000,000 4,358,000,000 4,255,000,000 4,147,000,000 4,269,000,000 4,146,000,000 3,994,000,000 3,941,000,000 4,037,000,000 3,651,000,000 3,471,000,000 3,344,000,000 3,319,000,000 3,271,000,000 2,501,000,000 3,069,000,000 3,028,000,000 3,000,000,000 3,235,000,000 3,145,000,000 3,275,000,000 3,313,000,000 3,301,000,000 2,443,000,000 4,845,000,000 4,791,000,000 4,590,000,000 2,419,000,000 2,420,000,000 1,765,000,000 1,760,000,000 1,766,000,000 1,716,000,000 1,715,000,000 1,710,000,000 1,640,000,000 1,672,000,000 1,681,000,000 1,618,000,000 1,645,000,000 1,529,000,000 1,401,000,000 1,366,000,000 1,451,000,000 2,036,000,000 1,959,000,000 1,723,000,000 1,693,000,000 1,378,000,000 1,416,000,000 1,481,000,000 1,502,000,000 1,789,000,000 
        total assets
      85,652,000,000 86,348,000,000 85,941,000,000 84,668,000,000 83,142,000,000 81,943,000,000 83,617,000,000 81,057,000,000 80,906,000,000 79,197,000,000 76,469,000,000 77,347,000,000 76,560,000,000 75,494,000,000 75,111,000,000 77,071,000,000 79,144,000,000 81,626,000,000 81,726,000,000 81,608,000,000 80,005,000,000 80,236,000,000 79,464,000,000 78,439,000,000 79,254,000,000 82,243,000,000 82,499,000,000 82,277,000,000 80,449,000,000 78,316,000,000 78,725,000,000 80,732,000,000 80,786,000,000 79,527,000,000 79,101,000,000 77,114,000,000 78,508,000,000 79,183,000,000 77,224,000,000 77,532,000,000 78,015,000,000 78,623,000,000 78,529,000,000 82,894,000,000 81,803,000,000 79,510,000,000 80,614,000,000 77,328,000,000 77,240,000,000 76,305,000,000 76,069,000,000 75,967,000,000 76,821,000,000 75,855,000,000 71,630,000,000 69,667,000,000 73,417,000,000 74,782,000,000 76,892,000,000 
        liabilities and equity:
                                                                 
        insurance reserves:
                                                                 
        claim and claim adjustment expense
      26,933,000,000 26,599,000,000 26,525,000,000 26,203,000,000 25,581,000,000 24,976,000,000 24,558,000,000 23,974,000,000 23,588,000,000 23,304,000,000 22,836,000,000 22,802,000,000 22,409,000,000  24,700,000,000 24,559,000,000 24,348,000,000 24,174,000,000 23,832,000,000 23,480,000,000 23,056,000,000 22,706,000,000 22,534,000,000 22,270,000,000 21,872,000,000  21,596,000,000 21,729,000,000 21,836,000,000 21,984,000,000 21,604,000,000 21,990,000,000 22,067,000,000 22,209,000,000 22,179,000,000 22,260,000,000 22,672,000,000 22,975,000,000 23,018,000,000 22,867,000,000 23,193,000,000 23,248,000,000 23,475,000,000 23,996,000,000 23,933,000,000 23,962,000,000 24,511,000,000 24,007,000,000 24,203,000,000 25,031,000,000 25,196,000,000 25,352,000,000 25,783,000,000 26,559,000,000 27,100,000,000 27,243,000,000 28,023,000,000 28,202,000,000 28,502,000,000 
        future policy benefits
      13,195,000,000 13,448,000,000 13,546,000,000 13,329,000,000 13,304,000,000 13,158,000,000 14,047,000,000 13,211,000,000 13,513,000,000 13,959,000,000 12,654,000,000 13,666,000,000 13,976,000,000  10,454,000,000 10,926,000,000 11,938,000,000 13,236,000,000 13,198,000,000 13,285,000,000 12,772,000,000 13,318,000,000 12,978,000,000 12,596,000,000 11,734,000,000  12,305,000,000 11,537,000,000 11,078,000,000 10,597,000,000 10,605,000,000 10,667,000,000 10,783,000,000 11,040,000,000 10,824,000,000 10,491,000,000 11,219,000,000 11,140,000,000 10,500,000,000 9,520,000,000 9,360,000,000 9,747,000,000 8,890,000,000 8,696,000,000 8,254,000,000 10,681,000,000 11,469,000,000 10,352,000,000 9,959,000,000 9,258,000,000 9,021,000,000 8,842,000,000 8,372,000,000 8,090,000,000 7,746,000,000 7,634,000,000 7,442,000,000 7,326,000,000 7,209,000,000 
        unearned premiums
      7,646,000,000 7,635,000,000 7,578,000,000 7,890,000,000 7,504,000,000 7,346,000,000 7,259,000,000 7,409,000,000 7,046,000,000 6,933,000,000 6,789,000,000 6,978,000,000 6,581,000,000  6,195,000,000 6,289,000,000 5,942,000,000 5,761,000,000 5,577,000,000 5,592,000,000 5,319,000,000 5,119,000,000 5,020,000,000 4,996,000,000 4,745,000,000  4,608,000,000 4,648,000,000 4,422,000,000 4,183,000,000 4,289,000,000 4,410,000,000 4,256,000,000 4,060,000,000 4,107,000,000 3,912,000,000 3,862,000,000 3,865,000,000 3,807,000,000 3,706,000,000 3,815,000,000 3,710,000,000 3,703,000,000 3,851,000,000 3,838,000,000 3,820,000,000 3,759,000,000 3,478,000,000 3,383,000,000 3,386,000,000 3,409,000,000 3,321,000,000 3,265,000,000 3,283,000,000 3,508,000,000 3,461,000,000 3,549,000,000 3,644,000,000 3,577,000,000 
        total insurance reserves
      47,774,000,000 47,682,000,000 47,649,000,000 47,422,000,000 46,389,000,000 45,480,000,000 45,864,000,000 44,594,000,000 44,147,000,000 44,196,000,000 42,279,000,000 43,446,000,000 42,966,000,000  41,349,000,000 41,774,000,000 42,228,000,000 43,171,000,000 42,607,000,000 42,357,000,000 41,147,000,000 41,143,000,000 40,532,000,000 39,862,000,000 38,351,000,000  38,509,000,000 37,914,000,000 37,336,000,000 36,764,000,000 36,498,000,000 37,067,000,000 37,106,000,000 37,309,000,000 37,110,000,000 36,663,000,000 37,753,000,000 37,980,000,000 37,325,000,000 36,093,000,000 36,368,000,000 36,705,000,000 36,095,000,000 36,570,000,000 36,051,000,000 38,590,000,000 39,893,000,000 38,004,000,000 37,714,000,000 37,851,000,000 37,792,000,000 37,680,000,000 37,584,000,000 38,109,000,000 38,571,000,000 38,591,000,000 39,468,000,000 39,754,000,000 40,147,000,000 
        payable to brokers
      206,000,000 53,000,000 133,000,000 374,000,000 206,000,000 110,000,000 269,000,000 130,000,000 202,000,000 79,000,000 444,000,000 191,000,000 220,000,000  359,000,000 320,000,000 396,000,000 90,000,000 665,000,000 654,000,000 310,000,000 92,000,000 466,000,000 985,000,000 249,000,000  242,000,000 576,000,000 307,000,000 42,000,000 217,000,000 311,000,000 280,000,000 324,000,000 478,000,000 302,000,000 451,000,000 1,310,000,000 630,000,000 733,000,000 741,000,000 926,000,000 663,000,000 815,000,000 882,000,000 326,000,000 738,000,000 395,000,000 920,000,000 567,000,000 558,000,000 419,000,000 968,000,000 662,000,000 930,000,000 869,000,000 1,593,000,000 1,971,000,000 881,000,000 
        short-term debt
      1,000,000 1,052,000,000 1,005,000,000 1,005,000,000 505,000,000 5,000,000 713,000,000 1,013,000,000 1,678,000,000 1,084,000,000                                                  
        long-term debt
      8,933,000,000 8,437,000,000 8,438,000,000 7,942,000,000 8,441,000,000 8,939,000,000 8,821,000,000 8,558,000,000 8,425,000,000 7,919,000,000                                                  
        deferred income taxes
      793,000,000 839,000,000 836,000,000 633,000,000 613,000,000 550,000,000 697,000,000 502,000,000 500,000,000 398,000,000 258,000,000 257,000,000 251,000,000  245,000,000 350,000,000 715,000,000 1,079,000,000 1,089,000,000 1,083,000,000 924,000,000 1,065,000,000 913,000,000 875,000,000 858,000,000  1,141,000,000 1,227,000,000 1,084,000,000 841,000,000 911,000,000 879,000,000 734,000,000 905,000,000 852,000,000 785,000,000 735,000,000 604,000,000 540,000,000 796,000,000 773,000,000 930,000,000 1,030,000,000 996,000,000 898,000,000 831,000,000 895,000,000 952,000,000 937,000,000 802,000,000 638,000,000 125,000,000 557,000,000 869,000,000 2,189,000,000 3,145,000,000 1,466,000,000 1,026,000,000 1,445,000,000 
        deferred non-insurance warranty revenue
      3,976,000,000 4,138,000,000 4,294,000,000 4,421,000,000 4,488,000,000 4,530,000,000 4,594,000,000 4,623,000,000 4,645,000,000 4,694,000,000 4,736,000,000 4,735,000,000 4,710,000,000  4,706,000,000 4,638,000,000 4,528,000,000 4,503,000,000 4,443,000,000 4,309,000,000 4,119,000,000 4,023,000,000 3,951,000,000 3,852,000,000 3,848,000,000  3,707,000,000 3,595,000,000 3,472,000,000 3,402,000,000                              
        other liabilities
      4,378,000,000 4,506,000,000 4,363,000,000 4,482,000,000 4,466,000,000 4,392,000,000 4,411,000,000 4,436,000,000 4,311,000,000 4,302,000,000 4,408,000,000 4,193,000,000 4,041,000,000  4,510,000,000 4,486,000,000 4,306,000,000 4,529,000,000 4,680,000,000 4,697,000,000 4,375,000,000 4,623,000,000 4,574,000,000 4,447,000,000 4,802,000,000  5,160,000,000 5,028,000,000 4,987,000,000 4,505,000,000 7,753,000,000 9,146,000,000 7,350,000,000 5,195,000,000 5,269,000,000 4,940,000,000 5,241,000,000 5,193,000,000 5,017,000,000 4,987,000,000 4,949,000,000 4,882,000,000 4,724,000,000 4,410,000,000 4,295,000,000 4,754,000,000 4,654,000,000 4,230,000,000 4,104,000,000 3,870,000,000 3,979,000,000 4,481,000,000 4,275,000,000 5,038,000,000 3,928,000,000 4,120,000,000 3,970,000,000 3,803,000,000 5,725,000,000 
        total liabilities
      66,061,000,000 66,707,000,000 66,718,000,000 66,279,000,000 65,108,000,000 64,006,000,000 65,369,000,000 63,856,000,000 63,908,000,000 62,672,000,000 61,311,000,000 61,877,000,000 61,246,000,000  60,458,000,000 60,850,000,000 61,449,000,000 62,451,000,000 62,596,000,000 62,210,000,000 61,468,000,000 61,055,000,000 60,844,000,000 60,026,000,000 60,076,000,000  60,241,000,000 59,883,000,000 58,547,000,000 56,930,000,000 56,839,000,000 58,874,000,000 56,938,000,000 55,166,000,000 54,995,000,000 53,380,000,000 55,102,000,000 56,152,000,000 54,099,000,000 53,379,000,000 53,683,000,000 53,993,000,000 53,413,000,000 57,539,000,000 56,686,000,000 54,689,000,000 55,896,000,000 53,087,000,000 53,119,000,000 52,740,000,000 52,586,000,000 52,522,000,000 53,322,000,000 53,862,000,000 52,868,000,000 52,771,000,000 53,508,000,000 53,747,000,000 55,847,000,000 
        commitments and contingent liabilities
                                                                 
        preferred stock, 0.10 par value:
                                                                 
        authorized – 100,000,000 shares
                                                                 
        common stock
                                                                 
        authorized – 1,800,000,000 shares
                                                                 
        issued – 206,054,049 and 206,003,999 shares
      2,000,000                                                           
        additional paid-in capital
      2,330,000,000 2,374,000,000 2,469,000,000 2,467,000,000 2,451,000,000 2,490,000,000 2,562,000,000 2,556,000,000 2,547,000,000 2,589,000,000 2,764,000,000 2,728,000,000 2,716,000,000  2,886,000,000 2,869,000,000 2,859,000,000 2,885,000,000 3,120,000,000 3,121,000,000 3,119,000,000 3,133,000,000 3,379,000,000 3,371,000,000 3,347,000,000  3,620,000,000 3,612,000,000 3,607,000,000 3,627,000,000 3,813,000,000 3,809,000,000 3,142,000,000 3,181,000,000 3,178,000,000 3,168,000,000 3,207,000,000 3,197,000,000 3,177,000,000 3,490,000,000 3,483,000,000 3,477,000,000 3,613,000,000 3,608,000,000 3,604,000,000 3,648,000,000 3,589,000,000 3,543,000,000 3,538,000,000 3,658,000,000 3,653,000,000 3,671,000,000 3,758,000,000 3,745,000,000 3,894,000,000 3,896,000,000 3,288,000,000 3,280,000,000 3,973,000,000 
        retained earnings
      17,701,000,000 17,377,000,000 17,690,000,000 17,198,000,000 16,821,000,000 16,459,000,000 16,802,000,000 16,415,000,000 16,060,000,000 15,617,000,000 15,877,000,000 15,637,000,000 15,293,000,000  15,377,000,000 15,261,000,000 15,097,000,000 14,776,000,000 15,336,000,000 15,132,000,000 14,394,000,000 14,150,000,000 14,437,000,000 14,316,000,000 15,167,000,000  16,427,000,000 16,374,000,000 16,144,000,000 15,773,000,000 16,790,000,000 16,532,000,000 16,321,000,000 15,811,000,000 15,677,000,000 15,466,000,000 15,031,000,000 14,724,000,000 14,812,000,000 15,906,000,000 15,747,000,000 15,600,000,000 15,817,000,000 15,633,000,000 15,541,000,000 15,911,000,000 15,410,000,000 15,263,000,000 15,232,000,000 15,282,000,000 15,145,000,000 14,919,000,000 14,433,000,000 14,085,000,000 13,122,000,000     
        accumulated other comprehensive loss
      -1,298,000,000 -1,067,000,000 -1,161,000,000 -1,502,000,000 -1,685,000,000 -1,867,000,000 -1,738,000,000 -2,383,000,000 -2,401,000,000 -2,497,000,000 -3,473,000,000 -3,160,000,000 -3,062,000,000            -1,093,000,000    -390,000,000 -880,000,000 -758,000,000 -625,000,000 -417,000,000  -36,000,000 -149,000,000   -126,000,000               -75,000,000 -1,972,000,000     
        commitments and contingent liabilities - sum
      18,735,000,000  19,000,000,000 18,165,000,000 17,589,000,000  17,628,000,000 16,590,000,000 16,208,000,000  15,170,000,000 15,207,000,000 14,949,000,000  14,462,000,000 15,622,000,000 16,707,000,000  18,650,000,000 18,583,000,000 17,550,000,000  18,057,000,000 17,695,000,000                                    
        less treasury stock, at cost
      -31,000,000  -708,000,000 -651,000,000 -398,000,000 -18,000,000 -271,000,000 -206,000,000 -24,000,000 -7,000,000 -722,000,000 -604,000,000 -498,000,000  -616,000,000 -386,000,000 -132,000,000 -3,000,000 -833,000,000 -500,000,000 -280,000,000 -7,000,000 -685,000,000 -491,000,000 -458,000,000  -647,000,000 -478,000,000 -327,000,000 -5,000,000 -896,000,000 -808,000,000 -517,000,000 -6,000,000 -6,000,000  -115,000,000 -98,000,000 -33,000,000 -633,000,000 -305,000,000 -71,000,000 -415,000,000 -195,000,000 -24,000,000 -228,000,000 -102,000,000 51,000,000  -705,000,000 -430,000,000 -202,000,000 -353,000,000 -213,000,000 32,000,000     
        total shareholders’ equity
      18,704,000,000 18,686,000,000 18,292,000,000 17,514,000,000 17,191,000,000 17,066,000,000 17,357,000,000 16,384,000,000 16,184,000,000 15,704,000,000 14,448,000,000 14,603,000,000 14,451,000,000  13,846,000,000 15,236,000,000 16,575,000,000 17,846,000,000 17,817,000,000 18,083,000,000 17,270,000,000 17,860,000,000 17,372,000,000 17,204,000,000 16,966,000,000  19,420,000,000 19,514,000,000 19,037,000,000 18,518,000,000 18,952,000,000 18,911,000,000 18,532,000,000 19,021,000,000 18,816,000,000 18,488,000,000 18,270,000,000 17,945,000,000 17,833,000,000 18,744,000,000 18,982,000,000 19,308,000,000 19,657,000,000 19,857,000,000 19,688,000,000 19,355,000,000 19,467,000,000 19,505,000,000 19,428,000,000 18,974,000,000 18,953,000,000 18,686,000,000 18,859,000,000 17,546,000,000 15,016,000,000 13,371,000,000 15,741,000,000 16,781,000,000 17,257,000,000 
        noncontrolling interests
      887,000,000 955,000,000 931,000,000 875,000,000 843,000,000 871,000,000 891,000,000 817,000,000 814,000,000 821,000,000 710,000,000 867,000,000 863,000,000  807,000,000 985,000,000 1,120,000,000 1,329,000,000 1,313,000,000 1,315,000,000 1,267,000,000 1,321,000,000 1,248,000,000 1,209,000,000 2,212,000,000  2,838,000,000 2,880,000,000 2,865,000,000 2,868,000,000 2,934,000,000 2,947,000,000 5,316,000,000 5,340,000,000 5,290,000,000 5,246,000,000 5,136,000,000 5,086,000,000 5,292,000,000 5,409,000,000 5,350,000,000 5,322,000,000 5,459,000,000 5,498,000,000 5,429,000,000 5,466,000,000 5,251,000,000 4,736,000,000 4,693,000,000 4,591,000,000 4,530,000,000 4,759,000,000 4,640,000,000 4,447,000,000 3,746,000,000 3,525,000,000    
        total equity
      19,591,000,000 19,641,000,000 19,223,000,000 18,389,000,000 18,034,000,000 17,937,000,000 18,248,000,000 17,201,000,000 16,998,000,000 16,525,000,000 15,158,000,000 15,470,000,000 15,314,000,000  14,653,000,000 16,221,000,000 17,695,000,000 19,175,000,000 19,130,000,000 19,398,000,000 18,537,000,000 19,181,000,000 18,620,000,000 18,413,000,000 19,178,000,000  22,258,000,000 22,394,000,000 21,902,000,000 21,386,000,000 21,886,000,000 21,858,000,000 23,848,000,000 24,361,000,000 24,106,000,000 23,734,000,000 23,406,000,000 23,031,000,000 23,125,000,000 24,153,000,000 24,332,000,000 24,630,000,000 25,116,000,000 25,355,000,000 25,117,000,000 24,821,000,000 24,718,000,000 24,241,000,000 24,121,000,000 23,565,000,000 23,483,000,000 23,445,000,000 23,499,000,000 21,993,000,000 18,762,000,000 16,896,000,000    
        total liabilities and equity
      85,652,000,000 86,348,000,000 85,941,000,000 84,668,000,000 83,142,000,000 81,943,000,000 83,617,000,000 81,057,000,000 80,906,000,000 79,197,000,000 76,469,000,000 77,347,000,000 76,560,000,000  75,111,000,000 77,071,000,000 79,144,000,000 81,626,000,000 81,726,000,000 81,608,000,000 80,005,000,000 80,236,000,000 79,464,000,000 78,439,000,000 79,254,000,000  82,499,000,000 82,277,000,000 80,449,000,000 78,316,000,000 78,725,000,000 80,732,000,000 80,786,000,000 79,527,000,000 79,101,000,000 77,114,000,000 78,508,000,000 79,183,000,000 77,224,000,000 77,532,000,000 78,015,000,000 78,623,000,000 78,529,000,000 82,894,000,000 81,803,000,000 79,510,000,000 80,614,000,000 77,328,000,000 77,240,000,000 76,305,000,000 76,069,000,000 75,967,000,000 76,821,000,000 75,855,000,000 71,630,000,000 69,667,000,000    
        fixed maturities, amortized cost of 45,250 and 44,196, less allowance for credit loss of 69 and 45
       43,984,000,000                                                          
        equity securities, cost of 1,201 and 969
       1,292,000,000                                                          
        other invested assets, primarily mortgage loans, less allowance for credit loss of 15 and 35
       1,195,000,000                                                          
        december 31
       2,025,000,000    2,024,000,000    2,023,000,000        2,021,000,000    2,020,000,000        2,018,000,000                              
        shareholders’ equity:
                                                                 
        issued – 206,003,999 and 214,912,595 shares
       2,000,000                                                          
        shareholders’ equity: - sum
       18,686,000,000    17,084,000,000    15,711,000,000        17,849,000,000                                          
        fixed maturities, amortized cost of 45,338 and 44,196, less allowance for credit loss of 61 and 45
        44,116,000,000                                                         
        equity securities, cost of 1,183 and 969
        1,295,000,000                                                         
        other invested assets, primarily mortgage loans, less allowance for credit loss of 40 and 35
        1,163,000,000 1,138,000,000                                                        
        issued – 215,115,219 and 214,912,595 shares
        2,000,000                                                         
        fixed maturities, amortized cost of 45,283 and 44,196, less allowance for credit loss of 51 and 45
         43,357,000,000                                                        
        equity securities, cost of 1,221 and 969
         1,294,000,000                                                        
        issued – 215,049,854 and 214,912,595 shares
         2,000,000                                                        
        fixed maturities, amortized cost of 44,741 and 44,196, less allowance for credit loss of 47 and 45
          42,723,000,000                                                       
        equity securities, cost of 1,150 and 969
          1,189,000,000                                                       
        other invested assets, primarily mortgage loans, less allowance for credit loss of 35 and 35
          1,155,000,000 1,113,000,000 1,095,000,000 1,067,000,000 1,117,000,000                                                   
        issued – 215,027,306 and 214,912,595 shares
          2,000,000                                                       
        fixed maturities, amortized cost of 44,196 and 42,615, less allowance for credit loss of 45 and 16
           41,827,000,000                                                      
        equity securities, cost of 969 and 1,015
           1,064,000,000                                                      
        issued – 214,912,595 and 222,268,150 shares
           2,000,000                                                      
        fixed maturities, amortized cost of 44,028 and 42,615, less allowance for credit loss of 18 and 16
            43,055,000,000                                                     
        equity securities, cost of 1,068 and 1,015
            1,215,000,000                                                     
        issued – 222,511,465 and 222,268,150 shares
            2,000,000                                                     
        fixed maturities, amortized cost of 43,469 and 42,615, less allowance for credit loss of 17 and 16
             40,879,000,000                                                    
        equity securities, cost of 1,076 and 1,015
             1,117,000,000                                                    
        issued – 222,456,544 and 222,268,150 shares
             2,000,000                                                    
        fixed maturities, amortized cost of 43,113 and 42,615, less allowance for credit loss of 20 and 16
              40,840,000,000                                                   
        equity securities, cost of 1,027 and 1,015
              1,104,000,000                                                   
        issued – 222,421,077 and 222,268,150 shares
              2,000,000                                                   
        fixed maturities, amortized cost of 42,615 and 41,102, less allowance for credit loss of 16 and 1
               40,626,000,000                                                  
        equity securities, cost of 1,015 and 1,161
               1,050,000,000                                                  
        other invested assets, primarily mortgage loans, less allowance for credit loss of 35 and 24
               1,123,000,000 1,072,000,000                                                 
        issued – 222,268,150 and 236,159,866 shares
               2,000,000                                                  
        fixed maturities, amortized cost of 42,753 and 41,102, less allowance for credit loss of 18 and 1
                38,243,000,000                                                 
        equity securities, cost of 1,081 and 1,161
                1,055,000,000                                                 
        short term investments
                3,969,000,000 4,478,000,000 4,079,000,000 4,854,000,000 4,125,000,000 4,291,000,000 4,655,000,000 4,860,000,000 4,178,000,000 4,802,000,000 4,282,000,000 4,674,000,000 4,553,000,000 4,515,000,000 3,705,000,000 4,628,000,000 4,574,000,000 4,689,000,000 4,487,000,000 3,869,000,000 3,794,000,000 4,437,000,000 4,367,000,000 4,991,000,000 4,932,000,000 5,013,000,000 4,893,000,000 5,334,000,000 5,275,000,000 5,082,000,000 5,856,000,000 6,359,000,000 6,726,000,000 7,276,000,000 7,586,000,000 6,180,000,000 5,901,000,000 5,595,000,000 5,558,000,000 5,848,000,000 5,692,000,000 6,026,000,000 6,099,000,000 6,187,000,000 6,454,000,000 7,563,000,000 8,673,000,000 9,736,000,000 10,893,000,000 
        short term debt
                1,261,000,000 961,000,000 908,000,000  814,000,000 839,000,000 393,000,000 93,000,000 187,000,000 122,000,000 141,000,000 37,000,000 35,000,000 47,000,000 2,460,000,000  87,000,000 87,000,000 132,000,000 17,000,000 149,000,000 181,000,000 213,000,000 194,000,000 192,000,000 156,000,000 185,000,000 330,000,000 3,000,000 1,278,000,000 1,061,000,000 687,000,000 850,000,000 974,000,000 854,000,000 270,000,000 19,000,000 88,000,000 88,000,000 1,206,000,000 6,000,000 197,000,000 647,000,000 62,000,000 23,000,000 18,000,000 273,000,000 258,000,000 262,000,000 
        long term debt
                7,925,000,000 8,094,000,000 8,150,000,000  8,475,000,000 8,443,000,000 8,883,000,000 8,986,000,000 8,925,000,000 8,988,000,000 8,996,000,000 10,072,000,000 10,373,000,000 9,958,000,000 9,508,000,000  11,395,000,000 11,456,000,000 11,229,000,000 11,359,000,000 11,311,000,000 11,290,000,000 11,255,000,000 11,239,000,000 11,094,000,000 10,534,000,000 10,737,000,000 10,735,000,000 10,584,000,000 9,492,000,000 9,791,000,000 9,863,000,000 10,051,000,000 9,828,000,000 10,456,000,000 9,705,000,000 9,418,000,000 9,048,000,000 8,954,000,000 8,026,000,000 9,163,000,000 9,296,000,000 8,829,000,000 9,549,000,000 8,647,000,000 8,402,000,000 7,401,000,000 7,137,000,000 7,093,000,000 
        issued – 236,321,095 and 236,159,866 shares
                2,000,000                                                 
        fixed maturities, amortized cost of 42,037 and 41,102, less allowance for credit loss of 22 and 1
                 38,926,000,000                                                
        equity securities, cost of 1,063 and 1,161
                 1,051,000,000                                                
        other invested assets, primarily mortgage loans, less allowance for credit loss of 30 and 24
                 1,088,000,000                                                
        issued – 236,305,517 and 236,159,866 shares
                 2,000,000                                                
        fixed maturities, amortized cost of 41,899 and 41,102, less allowance for credit loss of 2 and 1
                  39,349,000,000                                               
        equity securities, cost of 1,082 and 1,161
                  1,057,000,000                                               
        other invested assets, primarily mortgage loans, less allowance for credit loss of 24 and 24
                  1,093,000,000                                               
        issued – 236,270,711 and 236,159,866 shares
                  2,000,000                                               
        fixed maturities, amortized cost of 41,102 and 39,952, less allowance for credit loss of 1 and 18
                   37,697,000,000                                              
        equity securities, cost of 1,161 and 1,546
                   1,139,000,000                                              
        other invested assets, primarily mortgage loans, less allowance for credit loss of 24 and 16
                   1,124,000,000 1,053,000,000                                             
        fixed maturities, amortized cost of 41,588 and 39,952, less allowance for credit loss of 3 and 18
                    37,504,000,000                                             
        equity securities, cost of 1,581 and 1,546
                    1,340,000,000                                             
        issued – 248,665,240 and 248,467,051 shares
                    2,000,000                                             
        accumulated other comprehensive income
                    -3,803,000,000 -2,510,000,000 -1,251,000,000 186,000,000 191,000,000 327,000,000 34,000,000 581,000,000 238,000,000 5,000,000   17,000,000 3,000,000      32,000,000   144,000,000 119,000,000  -23,000,000 53,000,000 298,000,000 638,000,000 807,000,000 563,000,000 20,000,000 566,000,000 746,000,000 654,000,000 735,000,000 581,000,000 294,000,000 1,017,000,000   -3,229,000,000 -1,974,000,000 -1,101,000,000 -983,000,000 
        fixed maturities, amortized cost of 41,261 and 39,952, less allowance for credit loss of 5 and 18
                     39,431,000,000                                            
        equity securities, cost of 1,545 and 1,546
                     1,364,000,000                                            
        other invested assets, primarily mortgage loans, less allowance for credit loss of 16 and 16
                     1,048,000,000 1,070,000,000                                           
        issued – 248,622,439 and 248,467,051 shares
                     2,000,000                                            
        fixed maturities, amortized cost of 40,928 and 39,952, less allowance for credit loss of 17 and 18
                      41,945,000,000                                           
        equity securities, cost of 1,496 and 1,546
                      1,515,000,000                                           
        issued – 248,596,343 and 248,467,051 shares
                      2,000,000                                           
        fixed maturities, amortized cost of 39,952 and 38,963, less allowance for credit loss of 18 and 40
                       44,380,000,000                                          
        equity securities, cost of 1,546 and 1,456
                       1,674,000,000                                          
        other invested assets, primarily mortgage loans, less allowance for credit loss of 16 and 26
                       1,091,000,000                                          
        issued – 248,467,051 and 269,360,973 shares
                       2,000,000                                          
        fixed maturities, amortized cost of 40,342 and 38,963, less allowance for credit loss of 31 and 40
                        45,069,000,000                                         
        equity securities, cost of 1,552 and 1,456
                        1,660,000,000                                         
        other invested assets, primarily mortgage loans, less allowance for credit loss of 26 and 26
                        1,140,000,000 1,101,000,000 1,144,000,000                                       
        issued – 269,574,153 and 269,360,973 shares
                        3,000,000                                         
        fixed maturities, amortized cost of 39,826 and 38,963, less allowance for credit loss of 45 and 40
                         44,910,000,000                                        
        equity securities, cost of 1,496 and 1,456
                         1,663,000,000                                        
        issued – 269,514,991 and 269,360,973 shares
                         3,000,000                                        
        fixed maturities, amortized cost of 39,293 and 38,963, less allowance for credit loss of 43 and 40
                          43,584,000,000                                       
        equity securities, cost of 1,455 and 1,456
                          1,580,000,000                                       
        assets held for sale
                          1,786,000,000                        3,486,000,000               
        liabilities held for sale
                          1,456,000,000                        3,250,000,000               
        issued – 269,472,042 and 269,360,973 shares
                          3,000,000                                       
        fixed maturities, amortized cost of 38,963 and 38,157, less allowance for credit loss of 40 and 0
                           44,646,000,000                                      
        equity securities, cost of 1,456 and 1,244
                           1,561,000,000                                      
        other invested assets, primarily mortgage loans, less allowance for credit loss of 26 and 0
                           1,165,000,000                                      
        issued – 269,360,973 and 291,210,222 shares
                           3,000,000                                      
        fixed maturities, amortized cost of 38,979 and 38,157, less allowance for credit loss of 47 and 0
                            43,917,000,000                                     
        equity securities, cost of 1,391 and 1,244
                            1,368,000,000                                     
        other invested assets, primarily mortgage loans, less allowance for credit loss of 21 and 0
                            1,176,000,000                                     
        issued – 291,393,899 and 291,210,222 shares
                            3,000,000 3,000,000                                    
        fixed maturities, amortized cost of 38,414 and 38,157, less allowance for credit loss of 51 and 0
                             42,799,000,000                                    
        equity securities, cost of 1,349 and 1,244
                             1,305,000,000                                    
        other invested assets, primarily mortgage loans, less allowance for credit loss of 20 and 0
                             1,125,000,000 1,101,000,000                                   
        fixed maturities, amortized cost of 38,059 and 38,157, less allowance for credit loss of 49 and 0
                              40,124,000,000                                   
        equity securities, cost of 1,446 and 1,244
                              1,182,000,000                                   
        issued – 291,381,794 and 291,210,222 shares
                              3,000,000                                   
        fixed maturities, amortized cost of 38,157 and 38,234
                               42,240,000,000                                  
        equity securities, cost of 1,244 and 1,479
                               1,306,000,000                                  
        other invested assets, primarily mortgage loans
                               1,072,000,000 995,000,000 985,000,000 933,000,000 901,000,000 983,000,000 976,000,000 974,000,000 825,000,000 748,000,000 708,000,000 719,000,000 696,000,000 822,000,000 787,000,000 768,000,000 732,000,000    496,000,000 473,000,000 350,000,000 292,000,000           
        fixed maturities, amortized cost of 38,287 and 38,234
                                42,489,000,000                                 
        equity securities, cost of 1,315 and 1,479
                                1,317,000,000                                 
        issued – 312,550,764 and 312,169,189 shares
                                3,000,000                                 
        fixed maturities, amortized cost of 38,045 and 38,234
                                 41,663,000,000                                
        equity securities, cost of 1,385 and 1,479
                                 1,367,000,000                                
        issued – 312,528,502 and 312,169,189 shares
                                 3,000,000                                
        fixed maturities, amortized cost of 37,985 and 38,234
                                  40,602,000,000                               
        equity securities, cost of 1,376 and 1,479
                                  1,326,000,000                               
        issued – 312,435,202 and 312,169,189 shares
                                  3,000,000                               
        fixed maturities, amortized cost of 38,234 and 38,861
                                   39,699,000,000                              
        equity securities, cost of 1,479 and 1,177
                                   1,293,000,000                              
        issued – 312,169,189 and 332,487,815 shares
                                   3,000,000                              
        fixed maturities, amortized cost of 38,237 and 38,861
                                    39,819,000,000                             
        equity securities, cost of 1,306 and 1,177
                                    1,267,000,000                             
        issued – 332,739,088 and 332,487,815 shares
                                    3,000,000                             
        fixed maturities, amortized cost of 38,568 and 38,861
                                     40,441,000,000                            
        equity securities, cost of 1,320 and 1,177
                                     1,305,000,000                            
        issued – 332,684,645 and 332,487,815 shares
                                     3,000,000                            
        fixed maturities, amortized cost of 38,830 and 38,861
                                      41,100,000,000                           
        equity securities, cost of 1,326 and 1,177
                                      1,333,000,000                           
        issued – 332,646,800 and 332,487,815 shares
                                      3,000,000                           
        fixed maturities, amortized cost of 39,230 and 38,947
                                       42,507,000,000                          
        equity securities, cost of 592 and 571
                                       610,000,000                          
        issued – 336,753,017 and 336,621,358 shares
                                       3,000,000                          
        fixed maturities, amortized cost of 38,982 and 38,947
                                        42,065,000,000                         
        equity securities, cost of 603 and 571
                                        607,000,000                         
        issued – 336,724,742 and 336,621,358 shares
                                        3,000,000                         
        fixed maturities, amortized cost of 38,743 and 38,947
                                         41,456,000,000                        
        equity securities, cost of 578 and 571
                                         587,000,000                        
        issued – 336,699,587 and 336,621,358 shares
                                         3,000,000                        
        fixed maturities, amortized cost of 38,810 and 37,407
                                          42,894,000,000                       
        equity securities, cost of 581 and 824
                                          586,000,000                       
        issued – 339,951,927 and 339,897,547 shares
                                          3,000,000                       
        fixed maturities, amortized cost of 38,285 and 37,407
                                           42,307,000,000                      
        equity securities, cost of 642 and 824
                                           667,000,000                      
        issued – 339,941,534 and 339,897,547 shares
                                           3,000,000                      
        fixed maturities, amortized cost of 37,507 and 37,407
                                            40,475,000,000                     
        equity securities, cost of 817 and 824
                                            777,000,000                     
        issued – 339,933,179 and 339,897,547 shares
                                            3,000,000                     
        fixed maturities, amortized cost of 37,690 and 37,469
                                             40,301,000,000                    
        equity securities, cost of 978 and 733
                                             885,000,000                    
        policyholders’ funds
                                                27,000,000 27,000,000 26,000,000 127,000,000 154,000,000 167,000,000 169,000,000 176,000,000 166,000,000 165,000,000 164,000,000 177,000,000 217,000,000 253,000,000 454,000,000 582,000,000 859,000,000 
        issued – 373,211,389 and 372,934,540 shares
                                             4,000,000                    
        fixed maturities, amortized cost of 37,321 and 37,469
                                              39,954,000,000                   
        equity securities, cost of 783 and 733
                                              756,000,000                   
        issued – 373,203,709 and 372,934,540 shares
                                              4,000,000                   
        fixed maturities, amortized cost of 36,997 and 37,469
                                               40,708,000,000                  
        equity securities, cost of 672 and 733
                                               644,000,000                  
        issued – 373,194,344 and 372,934,540 shares
                                               4,000,000                  
        fixed maturities, amortized cost of 37,631 and 39,426
                                                40,804,000,000                 
        equity securities, cost of 765 and 881
                                                754,000,000                 
        other invested assets
                                                702,000,000 665,000,000 649,000,000     220,000,000 213,000,000 133,000,000 98,000,000       
        assets of discontinued operations
                                                 4,406,000,000             1,000,000 6,000,000  
        separate account business
                                                   213,000,000 279,000,000 370,000,000 402,000,000 418,000,000 450,000,000 449,000,000 462,000,000 442,000,000 413,000,000 376,000,000 430,000,000 451,000,000 465,000,000 
        liabilities of discontinued operations
                                                 3,946,000,000                
        issued – 387,493,404 and 387,210,096 shares
                                                4,000,000                 
        fixed maturities, amortized cost of 37,346 and 39,426
                                                 40,585,000,000                
        equity securities, cost of 825 and 881
                                                 864,000,000                
        issued – 387,476,248 and 387,210,096 shares
                                                 4,000,000                
        fixed maturities, amortized cost of 37,031 and 39,426
                                                  39,511,000,000               
        equity securities, cost of 813 and 881
                                                  805,000,000               
        issued – 387,454,185 and 387,210,096 shares
                                                  4,000,000               
        fixed maturities, amortized cost of 39,261 and 38,324
                                                   41,376,000,000              
        equity securities, cost of 862 and 893
                                                   841,000,000              
        issued – 392,351,798 and 392,054,766 shares
                                                   4,000,000              
        fixed maturities, amortized cost of 38,668 and 38,324
                                                    42,912,000,000             
        equity securities, cost of 709 and 893
                                                    691,000,000             
        issued – 392,242,941 and 392,054,766 shares
                                                    4,000,000             
        fixed maturities, amortized cost of 38,041 and 37,466
                                                     41,498,000,000            
        equity securities, cost of 899 and 902
                                                     889,000,000            
        issued – 396,879,276 and 396,585,226 shares
                                                     4,000,000            
        fixed maturities, amortized cost of 38,171 and 37,466
                                                      41,173,000,000           
        equity securities, cost of 962 and 902
                                                      1,026,000,000           
        issued–396,834,820 and 396,585,226 shares
                                                      4,000,000           
        fixed maturities, amortized cost of 37,144 and 36,677
                                                       39,680,000,000          
        equity securities, cost of 935 and 979
                                                       924,000,000          
        issued – 415,156,538 and 414,930,507 shares
                                                       4,000,000          
        fixed maturities, amortized cost of 37,096 and 36,677
                                                        38,853,000,000         
        equity securities, cost of 908 and 979
                                                        996,000,000         
        issued – 415,152,938 and 414,930,507 shares
                                                        4,000,000         
        fixed maturities, amortized cost of 37,188 and 36,677
                                                         38,423,000,000        
        equity securities, cost of 905 and 979
                                                         1,025,000,000        
        issued – 415,136,329 and 414,930,507 shares
                                                         4,000,000        
        fixed maturities, amortized cost of 36,668 and 35,824
                                                          38,919,000,000       
        equity securities, cost of 937 and 943
                                                          1,078,000,000       
        issued – 425,805,625 and 425,497,522 shares
                                                          4,000,000       
        fixed maturities, amortized cost of 37,591 and 35,824
                                                           38,104,000,000      
        equity securities, cost of 938 and 943
                                                           1,047,000,000      
        issued – 425,547,829 and 425,497,522 shares
                                                           4,000,000      
        fixed maturities, amortized cost of 34,638 and 34,767
                                                            31,826,000,000     
        equity securities, cost of 958 and 1,402
                                                            1,053,000,000     
        other investments
                                                            5,000,000 4,000,000 149,000,000 18,000,000 10,000,000 
        collateral on loaned securities and derivatives
                                                            6,000,000 51,000,000    
        reinsurance balances payable
                                                            350,000,000 344,000,000 367,000,000 373,000,000 396,000,000 
        issued – 435,213,891 and 435,091,667 shares
                                                            4,000,000     
        fixed maturities, amortized cost of 33,523 and 34,767
                                                             28,755,000,000    
        equity securities, cost of 1,083 and 1,402
                                                             1,001,000,000    
        goodwill and other intangible assets
                                                             875,000,000 1,358,000,000 1,357,000,000 1,354,000,000 
        issued and outstanding – 435,159,670 and 435,091,667 shares
                                                             4,000,000    
        earnings retained in the business
                                                             12,700,000,000 14,435,000,000 14,598,000,000 14,269,000,000 
        fixed maturities, amortized cost of 33,003 and 34,816
                                                              29,733,000,000   
        equity securities, cost of 1,776 and 1,143
                                                              1,516,000,000   
        liabilities and shareholders’ equity:
                                                                 
        collateral on loaned securities
                                                              6,000,000  878,000,000 
        minority interest
                                                              4,168,000,000 4,254,000,000 3,788,000,000 
        preferred stock, 0.10 par value,
                                                                 
        common stock:
                                                                 
        loews common stock, 0.01 par value:
                                                                 
        issued – 436,402,567 and 529,683,628 shares
                                                              4,000,000   
        former carolina group stock
                                                                 
        less treasury stock, at cost (314,000 shares of loews common stock at
                                                                 
        september 30, 2008 and 340,000 shares of former carolina group stock at
                                                                 
        december 31, 2007)
                                                              12,000,000   
        total liabilities and shareholders’ equity
                                                              73,417,000,000 74,782,000,000 76,892,000,000 
        fixed maturities, amortized cost of 32,422 and 34,816
                                                               30,980,000,000  
        equity securities, cost of 2,267 and 1,143
                                                               2,196,000,000  
        issued and outstanding – 436,267,871 and 529,683,628 shares
                                                               4,000,000  
        fixed maturities, amortized cost of 34,374 and 34,816
                                                                32,907,000,000 
        equity securities, cost of 1,124 and 1,143
                                                                1,272,000,000 
        issued and outstanding – 529,702,152 and 529,683,628 shares
                                                                5,000,000 
        carolina group stock, 0.01 par value:
                                                                 
        authorized – 600,000,000 shares
                                                                 
        issued – 108,816,929 and 108,799,141 shares
                                                                1,000,000 
        less treasury stock, at cost (340,000 shares of carolina group stock as of march 31, 2008
                                                                 
        and december 31, 2007)
                                                                8,000,000 
      Cashflow Statements:
      Quarterly
      Annual
        Unit: USD2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-09-30 2017-06-30 2017-03-31 2016-09-30 2016-06-30 2016-03-31 2015-06-30 2015-03-31 2014-09-30 2013-03-31 2012-06-30 2012-03-31 2011-09-30 2011-06-30 2011-03-31 2010-03-31 
                                                        
          operating activities:
                                                        
          net income
        428,000,000 536,000,000 416,000,000 392,000,000 189,000,000 425,000,000 395,000,000 485,000,000 477,000,000 276,000,000 388,000,000 404,000,000 388,000,000 143,000,000 202,000,000 370,000,000 371,000,000 246,000,000 793,000,000 293,000,000 437,000,000 162,000,000 -846,000,000 -1,044,000,000 211,000,000 39,000,000 225,000,000 396,000,000 -211,000,000 289,000,000 248,000,000 380,000,000 212,000,000 278,000,000 391,000,000 393,000,000 -288,000,000 199,000,000 247,000,000 49,000,000 269,000,000 398,000,000 198,000,000 519,000,000 315,000,000 407,000,000 565,000,000 623,000,000 
          adjustments to reconcile net income to net cash fromoperating activities:
                                                        
          investment losses
                                                        
          equity method investees
                                                        
          amortization of investments
                                                        
          depreciation and amortization
                                                        
          provision for deferred income taxes
                                                        
          other non-cash items
                                                        
          changes in operating assets and liabilities, net:
                                                        
          receivables
        -65,000,000 330,000,000 -427,000,000 -246,000,000 -539,000,000 209,000,000 -486,000,000 -113,000,000 -197,000,000 385,000,000 -461,000,000 5,000,000 131,000,000 187,000,000 -606,000,000 -28,000,000 -294,000,000 -28,000,000 -351,000,000 -736,000,000 -152,000,000 301,000,000 -308,000,000 -266,000,000 -65,000,000 258,000,000 -94,000,000 15,000,000 -149,000,000 525,000,000 -360,000,000 -147,000,000 242,000,000 -274,000,000 51,000,000 264,000,000 -154,000,000 -275,000,000 -90,000,000 -153,000,000 713,000,000 -68,000,000 115,000,000 142,000,000     
          deferred acquisition costs
        -1,000,000 33,000,000 -12,000,000 -37,000,000 -24,000,000 10,000,000 -21,000,000 -34,000,000 -11,000,000 -29,000,000 -45,000,000 -13,000,000 -3,000,000 -32,000,000 -31,000,000 -15,000,000 -3,000,000 20,000,000 -32,000,000 -7,000,000 5,000,000 -14,000,000 -27,000,000 11,000,000 10,000,000 -18,000,000 -29,000,000 18,000,000 19,000,000 -14,000,000 -29,000,000 7,000,000 -17,000,000 -24,000,000 1,000,000 -2,000,000 -23,000,000 5,000,000 -13,000,000 24,000,000 -40,000,000 -2,000,000 -15,000,000 -1,000,000 -8,000,000 -19,000,000  
          insurance reserves
        148,000,000 108,000,000 758,000,000 656,000,000 806,000,000 304,000,000 812,000,000 443,000,000 483,000,000 19,000,000 733,000,000 432,000,000 48,000,000 367,000,000 887,000,000 489,000,000 572,000,000 518,000,000 768,000,000 605,000,000 202,000,000 298,000,000 671,000,000 510,000,000 21,000,000 134,000,000 146,000,000 57,000,000 374,000,000 -455,000,000 252,000,000 311,000,000 -14,000,000 127,000,000 135,000,000 -202,000,000 155,000,000 511,000,000 147,000,000 304,000,000 -456,000,000 79,000,000 22,000,000 99,000,000 -98,000,000 48,000,000 45,000,000 -135,000,000 
          other assets
        237,000,000 132,000,000 -54,000,000 -92,000,000 543,000,000 46,000,000 -58,000,000 -114,000,000 64,000,000 21,000,000 -88,000,000 -85,000,000 95,000,000 -126,000,000 -226,000,000 -134,000,000 -93,000,000 -133,000,000 -470,000,000 -250,000,000 -102,000,000 -131,000,000 -164,000,000 -116,000,000 30,000,000 -90,000,000 -153,000,000 -143,000,000 67,000,000 -18,000,000 -95,000,000 -56,000,000 23,000,000 -68,000,000 -40,000,000 7,000,000 -67,000,000 -20,000,000 -45,000,000 -57,000,000 51,000,000 -3,000,000 -75,000,000 -6,000,000     
          other liabilities
        -40,000,000 -242,000,000 -19,000,000 27,000,000 -63,000,000 -29,000,000 120,000,000 -37,000,000 -146,000,000 190,000,000 99,000,000 -238,000,000 -24,000,000 74,000,000 289,000,000 -202,000,000 196,000,000 103,000,000 472,000,000 126,000,000 18,000,000 284,000,000 242,000,000 -288,000,000 -122,000,000 242,000,000 177,000,000 -104,000,000 -27,000,000 40,000,000 100,000,000 -215,000,000 -37,000,000 186,000,000 -265,000,000 115,000,000 181,000,000 -287,000,000 107,000,000 -227,000,000 -46,000,000 -101,000,000 100,000,000 -187,000,000 -73,000,000 21,000,000 -297,000,000 -42,000,000 
          trading securities
        -245,000,000 -187,000,000 163,000,000 -144,000,000 3,000,000 -206,000,000 115,000,000 -607,000,000 -328,000,000 167,000,000 696,000,000 42,000,000 -134,000,000 330,000,000 337,000,000 -374,000,000 131,000,000 328,000,000 -379,000,000 -129,000,000 -90,000,000 -141,000,000 -537,000,000 197,000,000 50,000,000 61,000,000 -125,000,000 -480,000,000 203,000,000 217,000,000 1,198,000,000 84,000,000 -199,000,000 704,000,000 -567,000,000 80,000,000 -7,000,000 -541,000,000 381,000,000 -371,000,000 -30,000,000 8,000,000 17,000,000 -494,000,000 290,000,000 -1,043,000,000 522,000,000 -584,000,000 
          net cash flow from operating activities
                                                        
          investing activities:
                                                        
          purchases of fixed maturities
        -1,066,000,000 -2,296,000,000 -1,981,000,000 -1,775,000,000 -1,388,000,000 -1,627,000,000 -1,717,000,000 -1,621,000,000 -1,157,000,000 -1,953,000,000 -1,248,000,000 -2,258,000,000 -1,053,000,000 -2,517,000,000 -3,704,000,000 -2,547,000,000 -2,180,000,000 -2,512,000,000 -2,412,000,000 -2,203,000,000 -1,803,000,000 -3,110,000,000 -3,538,000,000 -1,818,000,000 -1,608,000,000 -2,157,000,000 -2,449,000,000 -2,447,000,000 -2,541,000,000 -2,636,000,000 -2,918,000,000 -2,690,000,000 -2,037,000,000 -2,743,000,000 -2,097,000,000 -2,598,000,000 -2,636,000,000 -2,238,000,000 -3,110,000,000 -1,919,000,000 -2,536,000,000 -2,720,000,000 -2,327,000,000 -2,842,000,000 -2,654,000,000 -2,720,000,000 -3,480,000,000 -5,351,000,000 
          proceeds from sales of fixed maturities
        514,000,000 935,000,000 854,000,000 643,000,000 458,000,000 724,000,000 875,000,000 736,000,000 745,000,000 999,000,000 871,000,000 1,414,000,000 1,024,000,000 1,592,000,000 2,490,000,000 803,000,000 1,306,000,000 664,000,000 939,000,000 907,000,000 881,000,000 1,250,000,000 2,950,000,000 823,000,000 970,000,000 1,014,000,000 1,599,000,000 2,259,000,000 1,786,000,000 1,841,000,000 2,205,000,000 2,576,000,000 1,025,000,000 1,783,000,000 1,359,000,000 1,169,000,000 1,348,000,000 1,722,000,000 1,715,000,000 1,144,000,000 1,086,000,000 1,409,000,000 1,374,000,000 1,929,000,000 1,788,000,000 2,231,000,000 1,893,000,000 2,737,000,000 
          proceeds from maturities of fixed maturities
        790,000,000 954,000,000 799,000,000 814,000,000 641,000,000 646,000,000 602,000,000 507,000,000 374,000,000 347,000,000 296,000,000 317,000,000 263,000,000 380,000,000 799,000,000 916,000,000 1,104,000,000 1,256,000,000 1,020,000,000 1,084,000,000 1,054,000,000 1,084,000,000 823,000,000 799,000,000 881,000,000 742,000,000 798,000,000 576,000,000 532,000,000 532,000,000 775,000,000 531,000,000 865,000,000 947,000,000 823,000,000 1,016,000,000 757,000,000 490,000,000 1,160,000,000 1,144,000,000 947,000,000 866,000,000 883,000,000 683,000,000 609,000,000 860,000,000 965,000,000 846,000,000 
          purchases of equity securities
        -164,000,000 -133,000,000 -172,000,000 -124,000,000 -112,000,000 -86,000,000 -77,000,000 -169,000,000 -93,000,000 -74,000,000 -44,000,000 -82,000,000 -49,000,000 -50,000,000 -120,000,000 -75,000,000 -62,000,000 -61,000,000 -100,000,000 -81,000,000                   -25,000,000 -5,000,000 -33,000,000 -12,000,000 -15,000,000 -12,000,000 -7,000,000 -10,000,000 -34,000,000 -42,000,000 
          proceeds from sales of equity securities
        109,000,000 135,000,000 157,000,000 104,000,000 135,000,000 100,000,000 102,000,000 186,000,000 125,000,000 71,000,000 59,000,000 62,000,000 279,000,000 37,000,000 116,000,000 77,000,000 79,000,000 44,000,000 74,000,000 119,000,000                   31,000,000 2,000,000 9,000,000 51,000,000 42,000,000 19,000,000 18,000,000 25,000,000 128,000,000 25,000,000 
          purchases of limited partnership investments
        -107,000,000 -60,000,000 -202,000,000 -78,000,000 -100,000,000 -95,000,000 -63,000,000 -77,000,000 -80,000,000 -77,000,000 -129,000,000 -116,000,000 -72,000,000 -97,000,000 -83,000,000 -85,000,000 -159,000,000 -112,000,000 -108,000,000 -61,000,000 -80,000,000 -54,000,000 -58,000,000 -32,000,000 -31,000,000 -28,000,000 -25,000,000 -114,000,000 -39,000,000 -308,000,000 -10,000,000 -63,000,000 -38,000,000 -29,000,000 -18,000,000 -44,000,000 -110,000,000 -170,000,000 -44,000,000 -34,000,000 -109,000,000 -41,000,000       
          proceeds from sales of limited partnership investments
        14,000,000 38,000,000 26,000,000 25,000,000 52,000,000 16,000,000 17,000,000 13,000,000 26,000,000 73,000,000 57,000,000 75,000,000 15,000,000 22,000,000 21,000,000 113,000,000 68,000,000 54,000,000 136,000,000 49,000,000 93,000,000 46,000,000 55,000,000 204,000,000 62,000,000 121,000,000 222,000,000 337,000,000 88,000,000 288,000,000 25,000,000 69,000,000 60,000,000 57,000,000 62,000,000 83,000,000 35,000,000 89,000,000 65,000,000 20,000,000 15,000,000 58,000,000       
          purchases of property, plant and equipment
        -191,000,000 -156,000,000 -134,000,000 -98,000,000 -174,000,000 -140,000,000 -159,000,000 -159,000,000 -223,000,000 -164,000,000 -140,000,000 -159,000,000 -223,000,000 -125,000,000 -191,000,000 -121,000,000 -155,000,000 -144,000,000 -96,000,000 -87,000,000 -126,000,000 -144,000,000 -207,000,000 -233,000,000 -298,000,000 -238,000,000 -282,000,000 -223,000,000 -264,000,000 -251,000,000 -250,000,000 -230,000,000 -259,000,000 -265,000,000 -211,000,000 -290,000,000 -682,000,000 -292,000,000 -774,000,000 -453,000,000 -443,000,000 -602,000,000 -292,000,000 -238,000,000 -202,000,000 -150,000,000 -150,000,000 -212,000,000 
          acquisitions
                -53,000,000                -1,000,000   -23,000,000 -4,000,000   4,000,000                
          change in short-term investments
        -472,000,000 -611,000,000 -167,000,000 330,000,000 553,000,000 -245,000,000 117,000,000 -455,000,000                                         
          other
        -37,000,000 -11,000,000 11,000,000 -45,000,000 -24,000,000 -33,000,000 53,000,000 -10,000,000 -16,000,000 -42,000,000 -86,000,000 -34,000,000 -157,000,000 -1,000,000 30,000,000 36,000,000 74,000,000 -26,000,000 29,000,000 10,000,000 91,000,000 -71,000,000 6,000,000 -153,000,000 -83,000,000 -2,000,000 -32,000,000 -61,000,000 -56,000,000 -28,000,000 -31,000,000 -114,000,000 -96,000,000 -27,000,000 -13,000,000 -24,000,000 142,000,000 6,000,000 -83,000,000 -7,000,000 -69,000,000 -22,000,000 5,000,000 12,000,000 122,000,000 17,000,000 10,000,000 8,000,000 
          net cash flow used by investing activities
        -611,000,000 -1,204,000,000 -809,000,000 -204,000,000 41,000,000 -740,000,000 -250,000,000 -1,026,000,000 -492,000,000 -786,000,000 -1,333,000,000 -134,000,000 -568,000,000    -763,000,000    -306,000,000    -187,000,000                        
          year ended december 31
                                                        
          financing activities:
                                                        
          dividends paid
        -13,000,000 -13,000,000 -13,000,000 -13,000,000 -13,000,000 -14,000,000 -14,000,000 -14,000,000 -14,000,000 -14,000,000 -14,000,000 -15,000,000  -15,000,000 -15,000,000 -16,000,000 -16,000,000 -16,000,000 -16,000,000 -17,000,000 -17,000,000 -17,000,000 -18,000,000 -18,000,000 -19,000,000 -19,000,000 -19,000,000 -19,000,000 -20,000,000 -20,000,000 -20,000,000 -20,000,000 -21,000,000 -21,000,000 -21,000,000 -21,000,000 -21,000,000 -21,000,000 -23,000,000 -23,000,000 -24,000,000 -24,000,000 -25,000,000 -25,000,000 -25,000,000 -25,000,000 -26,000,000 -26,000,000 
          dividends paid to noncontrolling interests
        -10,000,000 -11,000,000 -10,000,000 -55,000,000 -10,000,000 -10,000,000 -9,000,000 -56,000,000 -9,000,000 -10,000,000 -11,000,000 -44,000,000  -8,000,000 -11,000,000 -68,000,000 -10,000,000 -11,000,000 -11,000,000 -32,000,000 -11,000,000 -10,000,000 -9,000,000 -69,000,000 -10,000,000 -10,000,000 -10,000,000 -68,000,000 -11,000,000 -10,000,000 -22,000,000 -78,000,000 -21,000,000 -20,000,000 -76,000,000 -20,000,000 -19,000,000 -75,000,000 -28,000,000 -82,000,000 -77,000,000 -122,000,000 -108,000,000 -108,000,000 -101,000,000 -98,000,000 -98,000,000 -166,000,000 
          purchases of loews corporation treasury stock
        -100,000,000 -55,000,000 -257,000,000 -394,000,000 -346,000,000 -59,000,000 -179,000,000 -24,000,000 -140,000,000 -116,000,000 -131,000,000 -462,000,000  -231,000,000 -248,000,000 -132,000,000 -311,000,000 -341,000,000 -204,000,000 -280,000,000 -245,000,000 -187,000,000 -33,000,000 -458,000,000                         
          purchases of subsidiary stock from noncontrolling interests
        -34,000,000   1,000,000 -177,000,000 -2,000,000 -24,000,000  -45,000,000 -21,000,000 -15,000,000 -3,000,000 -19,000,000 -18,000,000 -5,000,000 -2,000,000 -2,000,000 -14,000,000          -24,000,000        
          principal payments on debt
        -865,000,000 -1,000,000 -2,000,000 -1,000,000 -603,000,000 -1,000,000 -561,000,000 -201,000,000 -375,000,000 -1,000,000 -501,000,000 -1,000,000  -26,000,000 -1,000,000 -300,000,000 -39,000,000 -8,000,000 -73,000,000 -1,073,000,000 -569,000,000 -692,000,000 -242,000,000 -223,000,000 -160,000,000 -402,000,000 -1,184,000,000 -210,000,000 -263,000,000 -175,000,000 -302,000,000 -303,000,000 -1,341,000,000 -132,000,000 -776,000,000 -530,000,000 -543,000,000 -1,809,000,000 -570,000,000 -759,000,000 -919,000,000 -196,000,000 -915,000,000 -331,000,000 -197,000,000 -520,000,000 -913,000,000  
          issuance of debt
        907,000,000    10,000,000 -39,000,000 24,000,000 1,299,000,000 185,000,000 130,000,000 426,000,000 37,000,000  34,000,000 3,000,000 495,000,000 40,000,000 1,159,000,000 266,000,000 1,051,000,000 688,000,000 654,000,000 206,000,000 336,000,000 1,342,000,000 192,000,000 172,000,000 160,000,000 300,000,000 233,000,000 1,407,000,000 716,000,000 685,000,000 383,000,000 1,019,000,000 1,824,000,000 867,000,000 636,000,000 493,000,000 420,000,000 1,005,000,000 370,000,000 250,000,000 197,000,000 904,000,000 125,000,000 
          net cash flow used by financing activities
                -353,000,000 -188,000,000 -235,000,000 -524,000,000  -303,000,000 -262,000,000 -56,000,000    -258,000,000    -144,000,000  -262,000,000 -36,000,000 -449,000,000                     
          effect of foreign exchange rate on cash
        1,000,000 -4,000,000 12,000,000 7,000,000 -13,000,000 6,000,000 -1,000,000 -2,000,000   3,000,000 1,000,000  -15,000,000 -9,000,000 -3,000,000 2,000,000 -7,000,000     4,000,000 -9,000,000 8,000,000 -5,000,000 2,000,000 -6,000,000 1,000,000 -6,000,000 1,000,000 4,000,000 4,000,000 1,000,000 -2,000,000   4,000,000 -6,000,000 -5,000,000 -7,000,000  1,000,000 -3,000,000 2,000,000  
          net change in cash
        -72,000,000 120,000,000 -113,000,000 19,000,000 -7,000,000 78,000,000 -86,000,000 157,000,000 -363,000,000 299,000,000 -131,000,000 62,000,000  -65,000,000 153,000,000 177,000,000 -190,000,000 233,000,000 -82,000,000 182,000,000 -408,000,000 218,000,000 -271,000,000 603,000,000 -106,000,000 2,000,000 101,000,000 -66,000,000 -166,000,000 118,000,000 2,000,000 -21,000,000 59,000,000 -55,000,000 85,000,000 -4,000,000 40,000,000 -132,000,000 -22,000,000 -93,000,000 360,000,000 -49,000,000 37,000,000 -30,000,000 -20,000,000 25,000,000 3,000,000 -55,000,000 
          cash, beginning of year
                                                        
          cash, end of year
                                                        
          adjustments to reconcile net income to net cash from operating activities
         210,000,000 181,000,000 180,000,000  175,000,000 75,000,000 175,000,000  219,000,000 96,000,000 204,000,000  274,000,000 172,000,000 333,000,000    257,000,000                         532,000,000 280,000,000 165,000,000 175,000,000 
          net cash flow provided by operating activities
         920,000,000 1,006,000,000 736,000,000  934,000,000 952,000,000 198,000,000  1,277,000,000 1,434,000,000 719,000,000 622,000,000 1,246,000,000 1,023,000,000 423,000,000  1,133,000,000 409,000,000 134,000,000 454,000,000 851,000,000 111,000,000 329,000,000 470,000,000 797,000,000 393,000,000 81,000,000                     
          capital expenditures
         -156,000,000 -134,000,000 -98,000,000  -140,000,000 -159,000,000 -159,000,000  -164,000,000 -140,000,000 -159,000,000 -223,000,000 -125,000,000 -191,000,000 -121,000,000  -144,000,000 -96,000,000 -87,000,000 -126,000,000 -144,000,000 -207,000,000 -233,000,000 -298,000,000 -238,000,000 -282,000,000 -223,000,000                     
          free cash flows
         764,000,000 872,000,000 638,000,000  794,000,000 793,000,000 39,000,000  1,113,000,000 1,294,000,000 560,000,000 399,000,000 1,121,000,000 832,000,000 302,000,000  989,000,000 313,000,000 47,000,000 328,000,000 707,000,000 -96,000,000 96,000,000 172,000,000 559,000,000 111,000,000 -142,000,000                     
          dispositions
            23,000,000        28,000,000   18,000,000 36,000,000   3,000,000 1,000,000   3,000,000 108,000,000 2,000,000 -1,000,000 67,000,000 2,000,000 3,000,000 54,000,000 220,000,000 15,000,000 5,000,000 1,000,000,000 5,000,000 110,000,000 41,000,000     
          net cash flow provided by (used by) financing activities
         408,000,000 -322,000,000 -520,000,000  -122,000,000 -787,000,000 987,000,000                                         
          cash, beginning of period
         541,000,000  399,000,000  532,000,000  621,000,000  478,000,000  336,000,000  405,000,000  472,000,000 327,000,000 440,000,000 364,000,000 228,000,000 129,000,000 120,000,000 190,000,000 
          cash, end of period
         120,000,000 -113,000,000 560,000,000  78,000,000 -86,000,000 556,000,000  299,000,000 -131,000,000 594,000,000  -65,000,000 153,000,000 798,000,000  233,000,000 -82,000,000 660,000,000  218,000,000 -271,000,000 939,000,000  2,000,000 101,000,000 339,000,000  118,000,000 2,000,000 451,000,000 59,000,000 -55,000,000 412,000,000 -4,000,000 40,000,000 308,000,000 -22,000,000 271,000,000 360,000,000 179,000,000 37,000,000 99,000,000 -20,000,000 25,000,000 123,000,000 135,000,000 
          (investment in) sale of interest in altium packaging
                                                       
          investment in altium packaging
                                                        
          change in short term investments
                 382,000,000 -969,000,000 647,000,000 -595,000,000 -171,000,000 43,000,000 696,000,000 -866,000,000 320,000,000 -164,000,000 569,000,000 -279,000,000 180,000,000 -311,000,000 837,000,000 -83,000,000 20,000,000 33,000,000 -27,000,000 -213,000,000 978,000,000 -1,079,000,000 -25,000,000 -56,000,000 -395,000,000 366,000,000 -44,000,000 132,000,000 16,000,000 -78,000,000 197,000,000 486,000,000 375,000,000 -28,000,000 -88,000,000 -285,000,000 1,303,000,000 277,000,000 1,628,000,000 
          adjustments to reconcile net income to net cash provided (used)by operating activities:
                                                        
          investment (gains) losses
                                                        
          asset impairments
                                                        
          benefit from deferred income taxes
                                                        
          deconsolidation of diamond offshore
                                                      
          sale of interest in altium packaging
                                                      
          net cash flow (used) provided by investing activities
                      -599,000,000 -187,000,000                                 
          adjustments to reconcile net income to net cash provided (used) by operating activities
                         102,000,000    73,000,000 1,067,000,000 1,363,000,000  143,000,000 235,000,000 369,000,000  627,000,000 309,000,000 185,000,000 345,000,000 296,000,000 318,000,000 287,000,000 804,000,000 585,000,000 293,000,000 510,000,000  335,000,000 403,000,000 270,000,000     
          net cash flow (used) provided by financing activities
                         -376,000,000                               
          fixed maturity securities
                         -3,000,000 428,000,000  2,000,000 -8,000,000 438,000,000  -3,000,000    5,000,000 -2,000,000 446,000,000   455,000,000 8,000,000 3,000,000 446,000,000 9,000,000 443,000,000 2,000,000 499,000,000 -11,000,000 516,000,000     
          limited partnership investments
                         -60,000,000 102,000,000 47,000,000  14,000,000 159,000,000 -102,000,000  -27,000,000    -26,000,000 12,000,000 48,000,000   116,000,000 44,000,000 87,000,000 -40,000,000 -110,000,000 160,000,000 -90,000,000 146,000,000       
          short term investments
                             -5,000,000 7,000,000  -1,000,000    -1,000,000 2,000,000 9,000,000   4,000,000 1,000,000 -1,000,000 3,000,000  3,000,000 2,000,000 1,000,000 3,000,000     
          equity securities
                         -16,000,000 -9,000,000 29,000,000  -32,000,000 94,000,000 -44,000,000     -2,000,000 2,000,000 10,000,000   1,000,000 -3,000,000 1,000,000 3,000,000 3,000,000 -1,000,000 3,000,000 -2,000,000 4,000,000     
          income
                         -56,000,000 -24,000,000 50,000,000   236,000,000 -129,000,000      -30,000,000 26,000,000 -3,000,000    -76,000,000 72,000,000 15,000,000 26,000,000 -15,000,000 -54,000,000 -3,000,000       
          total investment income
                         -133,000,000 64,000,000 570,000,000  -103,000,000 478,000,000 184,000,000  -25,000,000    -59,000,000 46,000,000 521,000,000   618,000,000 -27,000,000 166,000,000 436,000,000 -77,000,000 602,000,000 -146,000,000 653,000,000 -339,000,000 740,000,000     
          investment expenses
                         2,000,000 -20,000,000  -1,000,000 3,000,000 -21,000,000  -1,000,000    2,000,000 -1,000,000 -15,000,000   -14,000,000 1,000,000 -1,000,000 -14,000,000 -1,000,000 -14,000,000 -12,000,000 -1,000,000 -14,000,000     
          net investment income
                         -133,000,000 66,000,000 550,000,000  -104,000,000 481,000,000 163,000,000  -26,000,000    -57,000,000 45,000,000 506,000,000   604,000,000 -26,000,000 165,000,000 422,000,000 -78,000,000 588,000,000 -146,000,000 641,000,000 -340,000,000 726,000,000     
          net cash flow provided (used) by investing activities
                                                        
          net cash flow provided by investing activities
                           306,000,000    427,000,000   -256,000,000 300,000,000                     
          three months ended march 31
                           2,021,000,000            2,018,000,000   2,017,000,000   2,016,000,000  2,015,000,000  2,013,000,000  2,012,000,000   2,011,000,000 2,010,000,000 
          adjustments to reconcile net income to net cash provided (used) by operating activities:
                                                        
          purchase of boardwalk pipeline common units
                                                       
          net cash flow provided (used) by financing activities
                             145,000,000                           
          income from trading portfolio
                                          34,000,000         70,000,000     
          three months ended march 31,
                               2,020,000,000                         
          purchases of loews treasury stock
                                -408,000,000 -165,000,000 -161,000,000 -317,000,000 -137,000,000 -90,000,000 -302,000,000 -497,000,000   -29,000,000 -53,000,000 -33,000,000 -220,000,000 -67,000,000 -214,000,000        
          purchase of boardwalk pipelines common units
                                                        
          1.
                                                        
          net cash flow operating activities
                                    827,000,000 1,244,000,000 1,638,000,000 513,000,000 579,000,000 1,232,000,000 -1,000,000 945,000,000 622,000,000 149,000,000 1,045,000,000 42,000,000 904,000,000 608,000,000 778,000,000 328,000,000    294,000,000 
          net cash flow investing activities
                                    -727,000,000 520,000,000 -1,293,000,000 56,000,000 -533,000,000 -1,827,000,000 273,000,000 -729,000,000 -960,000,000 -157,000,000 -1,128,000,000 94,000,000 194,000,000 -633,000,000 -645,000,000 -513,000,000    -411,000,000 
          net cash flow financing activities
                                    -260,000,000 -1,647,000,000 -337,000,000 -591,000,000 9,000,000 536,000,000 -188,000,000 -218,000,000 383,000,000 -123,000,000 57,000,000 -223,000,000 -744,000,000 -17,000,000 -95,000,000 154,000,000    64,000,000 
          cash
                                                       
          property, plant and equipment
                                        -3,000,000                
          goodwill
                                        1,000,000                
          other assets:
                                                        
          inventory
                                                       
          customer relationships
                                        2,000,000                
          trade name
                                                       
          deferred income taxes
                                                       
          other liabilities:
                                                        
          accounts payable
                                        1,000,000                
          pension liability
                                                       
          issuance of loews common stock
                                              7,000,000        
          proceeds from sale of subsidiary stock
                                              30,000,000 84,000,000 1,000,000 1,000,000 245,000,000 166,000,000 6,000,000 333,000,000 
          (a) includes net unrealized gains related to changes in fair value on trading securities still held of 15 and (14) for the three months ended march 31, 2016 and 2015. investment gains are as follows:
                                                        
          derivative instruments
                                               -1,000,000         
          short term investments and other
                                             1,000,000  -1,000,000         
          investment gains
                                             -28,000,000  10,000,000         
          transfer of cash to assets of discontinued operations
                                                        
          (a) includes net unrealized gains related to changes in fair value on trading securities still held of (14) and 13 for the three months ended march 31, 2015 and 2014.
                                                        
          investment gains are as follows:
                                                        
          (a) includes gross realized gains of 34 and 58 and gross realized losses of 22 and 15 on available-for-sale securities for the three months ended march 31, 2015 and 2014.
                                                        
          the components of net other-than-temporary impairment (“otti”) losses recognized in earnings by asset type are as follows:
                                                        
          fixed maturity securities available-for-sale:
                                                        
          corporate and other bonds
                                               5,000,000         
          states, municipalities and political subdivisions
                                               5,000,000         
          asset-backed – residential mortgage-backed
                                               1,000,000         
          total fixed maturities available-for-sale
                                               11,000,000         
          equity securities available-for-sale:
                                                        
          common stock
                                               1,000,000         
          net otti losses recognized in earnings
                                               12,000,000         
          (a) includes net unrealized gains related to changes in fair value on trading securities still held of (19), 25, 46 and (22) for the three and nine months ended september 30, 2014 and 2013.
                                                        
          purchases of treasury shares
                                                 -95,000,000   -278,000,000 -234,000,000 -188,000,000 -188,000,000 
          issuance of common stock
                                                 3,000,000 5,000,000 4,000,000 1,000,000 
          deposits for construction of offshore drilling equipment
                                                    -169,000,000 -309,000,000  
          change in other investments
                                                  -58,000,000 -17,000,000 -13,000,000 -187,000,000 -114,000,000  
          acquisition of cna surety noncontrolling interests
                                                    -49,000,000    
          limited partnerships
                                                  -186,000,000 143,000,000     
          (a) includes net unrealized gains related to changes in fair value on trading securities still held of (90), (17), (60) and 1 for the three and six months ended june 30, 2012 and 2011. investment gains are as follows:
                                                        
          (a) includes gross realized gains of 51, 90, 123 and 183 and gross realized losses of 34, 72, 75 and 145 on available-for-sale securities for the three and six months ended june 30, 2012 and 2011. the components of other-than-temporary impairment (“otti”) losses recognized in earnings by asset type are as follows:
                                                        
          asset-backed:
                                                        
          residential mortgage-backed
                                                        
          u.s. treasury and obligations of government - sponsored enterprises
                                                        
          preferred stock
                                                        
          total equity securities available-for-sale
                                                        
          reinsurance receivables
                                                    128,000,000 154,000,000 123,000,000 254,000,000 
          other receivables
                                                    -107,000,000 -89,000,000 15,000,000  
          net cash flow operating activities – continuing operations
                                                        
          net cash flow operating activities – discontinued operations
                                                        
          net cash flow operating activities – total
                                                    1,108,000,000 -213,000,000 1,129,000,000  
          sales of property, plant and equipment
                                                    19,000,000    
          net cash flow investing activities – continuing operations
                                                        
          net cash flow investing activities – discontinued operations
                                                        
          net cash flow investing activities – total
                                                    -726,000,000 1,189,000,000 -816,000,000  
          nine months ended september 30
                                                        
          net cash flow financing activities – continuing operations
                                                        
          net cash flow financing activities – discontinued operations
                                                        
          net cash flow financing activities – total
                                                    -399,000,000 -951,000,000 -312,000,000  
          net cash transactions:
                                                        
          from continuing operations to discontinued operations
                                                        
          to discontinued operations from continuing operations
                                                        
          cash, end of period:
                                                        
          continuing operations
                                                        
          discontinued operations
                                                        
          total
                                                        
          six months ended june 30
                                                        
          policyholders’ investment contract net deposits
                                                        
          change in collateral on loaned securities and derivatives
                                                       1,000,000