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Segments (Details)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2020
USD ($)
Sep. 30, 2020
USD ($)
Jun. 30, 2020
USD ($)
Mar. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Sep. 30, 2019
USD ($)
Jun. 30, 2019
USD ($)
Mar. 31, 2019
USD ($)
Dec. 31, 2020
USD ($)
Facility
Hotel
Segment
Subsidiaries
mi
Dec. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
Segments [Abstract]                      
Number of reportable segments | Segment                 5    
Number of individual operating subsidiaries | Subsidiaries                 3    
Number of states having natural gas storage facilities | Facility                 4    
Number of miles of natural gas and natural gas liquid pipelines | mi                 14,095    
Number of hotels | Hotel                 27    
Revenues [Abstract]                      
Insurance premiums                 $ 7,649 $ 7,428 $ 7,312
Net investment income (loss)                 1,995 2,355 1,817
Investment gains (losses) [1]                 (1,246) 49 (57)
Non-insurance warranty revenue                 1,252 1,161 1,007
Operating revenues and other                 2,933 3,938 3,987
Total $ 3,709 $ 3,465 $ 2,310 $ 3,099 $ 3,876 $ 3,675 $ 3,623 $ 3,757 12,583 14,931 14,066
Expenses [Abstract]                      
Insurance claims and policyholders' benefits                 6,170 5,806 5,572
Amortization of deferred acquisition costs                 1,410 1,383 1,335
Non-insurance warranty expense                 1,159 1,082 923
Operating expenses and other                 4,793 4,950 4,828
Interest                 515 591 574
Total                 14,047 13,812 13,232
Income (loss) before income tax                 (1,464) 1,119 834
Income tax (expense) benefit                 173 (248) (128)
Net income (loss)                 (1,291) 871 706
Amounts attributable to noncontrolling interests                 360 61 (70)
Net income (loss) attributable to Loews Corporation 397 [2],[3],[4] $ 139 [2],[3],[4] $ (835) [2],[3],[4] $ (632) [2],[3],[4] 217 [5],[6] $ 72 [5],[6] $ 249 [5],[6] $ 394 [5],[6] (931) 932 636
Assets [Abstract]                      
Total assets 80,236       82,243       80,236 82,243  
Operating Segments [Member]                      
Revenues [Abstract]                      
Insurance premiums                 7,649 7,428 7,312
Net investment income (loss)                 1,995 2,355 1,817
Investment gains (losses)                 (1,246) 49 (57)
Non-insurance warranty revenue                 1,252 1,161 1,007
Operating revenues and other                 2,933 3,938 3,987
Total                 12,583 14,931 14,066
Expenses [Abstract]                      
Insurance claims and policyholders' benefits                 6,170 5,806 5,572
Amortization of deferred acquisition costs                 1,410 1,383 1,335
Non-insurance warranty expense                 1,159 1,082 923
Operating expenses and other                 4,793 4,950 4,828
Interest                 515 591 574
Total                 14,047 13,812 13,232
Income (loss) before income tax                 (1,464) 1,119 834
Income tax (expense) benefit                 173 (248) (128)
Net income (loss)                 (1,291) 871 706
Amounts attributable to noncontrolling interests                 360 61 (70)
Net income (loss) attributable to Loews Corporation                 (931) 932 636
Assets [Abstract]                      
Total assets 80,236       82,243       80,236 82,243  
Operating Segments [Member] | CNA Financial [Member]                      
Revenues [Abstract]                      
Insurance premiums                 7,649 7,428 7,312
Net investment income (loss)                 1,935 2,118 1,817
Investment gains (losses)                 (35) 49 (57)
Non-insurance warranty revenue                 1,252 1,161 1,007
Operating revenues and other                 26 32 55
Total                 10,827 10,788 10,134
Expenses [Abstract]                      
Insurance claims and policyholders' benefits                 6,170 5,806 5,572
Amortization of deferred acquisition costs                 1,410 1,383 1,335
Non-insurance warranty expense                 1,159 1,082 923
Operating expenses and other                 1,125 1,141 1,203
Interest                 142 152 138
Total                 10,006 9,564 9,171
Income (loss) before income tax                 821 1,224 963
Income tax (expense) benefit                 (131) (224) (151)
Net income (loss)                 690 1,000 812
Amounts attributable to noncontrolling interests                 (72) (106) (86)
Net income (loss) attributable to Loews Corporation                 618 894 726
Assets [Abstract]                      
Total assets 63,976       60,583       63,976 60,583  
Operating Segments [Member] | Boardwalk Pipelines [Member]                      
Revenues [Abstract]                      
Operating revenues and other                 1,302 1,300 1,227
Total                 1,302 1,300 1,227
Expenses [Abstract]                      
Operating expenses and other                 855 840 820
Interest                 170 179 176
Total                 1,025 1,019 996
Income (loss) before income tax                 277 281 231
Income tax (expense) benefit                 (71) (72) (28)
Net income (loss)                 206 209 203
Amounts attributable to noncontrolling interests                     (68)
Net income (loss) attributable to Loews Corporation                 206 209 135
Assets [Abstract]                      
Total assets 9,353       9,248       9,353 9,248  
Operating Segments [Member] | Loews Hotels & Co [Member]                      
Revenues [Abstract]                      
Net investment income (loss)                 1 1 2
Operating revenues and other                 277 691 753
Total                 278 692 755
Expenses [Abstract]                      
Operating expenses and other                 519 698 653
Interest                 33 22 29
Total                 552 720 682
Income (loss) before income tax                 (274) (28) 73
Income tax (expense) benefit                 62 (3) (25)
Net income (loss)                 (212) (31) 48
Net income (loss) attributable to Loews Corporation                 (212) (31) 48
Assets [Abstract]                      
Total assets 1,637       1,728       1,637 1,728  
Operating Segments [Member] | Corporate [Member]                      
Revenues [Abstract]                      
Net investment income (loss)                 59 230 (10)
Investment gains (losses)                 (1,211)    
Operating revenues and other                 1,023 933 867
Total                 (129) 1,163 857
Expenses [Abstract]                      
Operating expenses and other                 1,098 1,004 956
Interest                 127 115 108
Total                 1,225 1,119 1,064
Income (loss) before income tax                 (1,354) 44 (207)
Income tax (expense) benefit                 287 (9) 46
Net income (loss)                 (1,067) 35 (161)
Net income (loss) attributable to Loews Corporation                 (1,067) 35 (161)
Assets [Abstract]                      
Total assets 5,270       4,850       5,270 4,850  
Operating Segments [Member] | Diamond Offshore [Member]                      
Revenues [Abstract]                      
Net investment income (loss) [7]                   6 8
Operating revenues and other [7]                 305 982 1,085
Total [7]                 305 988 1,093
Expenses [Abstract]                      
Operating expenses and other [7]                 1,196 1,267 1,196
Interest [7]                 43 123 123
Total [7]                 1,239 1,390 1,319
Income (loss) before income tax [7]                 (934) (402) (226)
Income tax (expense) benefit [7]                 26 60 30
Net income (loss) [7]                 (908) (342) (196)
Amounts attributable to noncontrolling interests [7]                 432 167 84
Net income (loss) attributable to Loews Corporation [7]                 (476) (175) $ (112)
Assets [Abstract]                      
Total assets [7] $ 0       $ 5,834       $ 0 $ 5,834  
United States [Member] | Loews Hotels & Co [Member]                      
Segments [Abstract]                      
Number of hotels | Hotel                 26    
Canada [Member] | Loews Hotels & Co [Member]                      
Segments [Abstract]                      
Number of hotels | Hotel                 1    
[1] Gross investment gains on available-for-sale securities were $220, $125 and $168 for the years ended December 31, 2020, 2019 and 2018. Gross investment losses on available-for-sale securities were $220, $131 and $164 for the years ended December 31, 2020, 2019 and 2018. For the year ended December 31, 2020, $3 of investment losses were recognized due to the change in fair value of non-redeemable preferred stock still held as of December 31, 2020. For the year ended December 31, 2019, $66 of investment gains were recognized due to the change in fair value of non-redeemable preferred stock still held as of December 31, 2019.
[2] Net income for the third quarter of 2020 included net catastrophe losses of $112 million (after tax and noncontrolling interests) and a $52 million (after tax and noncontrolling interests) charge related to the recognition of an active life reserve premium deficiency as a result of the third quarter GPV.
[3] Net loss for the first quarter of 2020 included an aggregate asset impairment charge of $408 million (after tax and noncontrolling interests) related to Diamond Offshore drilling rigs.
[4] Net loss for the second quarter of 2020 included an investment loss of $957 million (after tax) related to the deconsolidation of Diamond Offshore and net catastrophe losses of $212 million (after tax and noncontrolling interests).
[5] Net income for the fourth quarter of 2019 included net investment income of $116 million (after tax and noncontrolling interests) related to limited partnerships and equity securities partially offset by asset impairment charges of $69 million (after tax).
[6] Net income for the third quarter of 2019 included a $151 million (after tax and noncontrolling interests) charge related to the recognition of an active life reserve premium deficiency as a result of the third quarter GPV.
[7] Amounts presented for Diamond Offshore reflect the periods prior to the deconsolidation.