Schedule V - Supplemental Information Concerning Property and Casualty Insurance Operations

12 Months Ended

Dec. 31, 2021

SEC Schedule, 12-18, Supplemental Information, Property-Casualty Insurance Underwriters [Abstract]

SEC Schedule, 12-18, Supplemental Information, Property-Casualty Insurance Underwriters [Text Block]

SCHEDULE V

LOEWS CORPORATION AND SUBSIDIARIES

Supplemental Information Concerning Property and Casualty Insurance Operations

Consolidated Property and Casualty Operations
December 31	2021		2020
(In millions)
Deferred acquisition costs	$	737	$	708
Reserves for unpaid claim and claim adjustment expenses	24,174		22,706
Discount deducted from claim and claim adjustment expense reserves above (based on interest rates ranging from 3.5% to 6.4%)	1,146		1,209
Unearned premiums	5,761		5,119

Year Ended December 31	2021		2020		2019
(In millions)
Net written premiums	$	8,405	$	8,059	$	7,656
Net earned premiums	8,175		7,649		7,428
Net investment income	2,111		1,896		2,063
Incurred claim and claim adjustment expenses related to current year	5,970		5,793		5,356
Incurred claim and claim adjustment expenses related to prior years	(104)		(119)		(127)
Amortization of deferred acquisition costs	1,443		1,410		1,383
Paid claim and claim adjustment expenses	4,844		5,164		5,576