Schedule V - Supplemental Information Concerning Property and Casualty Insurance Operations

12 Months Ended

Dec. 31, 2016

Supplemental Information for Property, Casualty Insurance Underwriters [Abstract]

Schedule V - Supplemental Information Concerning Property and Casualty Insurance Operations

SCHEDULE V

LOEWS CORPORATION AND SUBSIDIARIES

Supplemental Information Concerning Property and Casualty Insurance Operations

Consolidated Property and Casualty Operations
December 31	2016		2015
(In millions)
Deferred acquisition costs	$	599	$	598
Reserves for unpaid claim and claim adjustment expenses		22,343		22,663
Discount deducted from claim and claim adjustment expense reserves above (based on interest rates ranging from 3.5% to 8.0%)		1,572		1,534
Unearned premiums		3,762		3,671

Year Ended December 31	2016			2015			2014
(In millions)
Net written premiums	$	6,988		$	6,962		$	7,088
Net earned premiums		6,924			6,921			7,212
Net investment income		1,952			1,807			2,031
Incurred claim and claim adjustment expenses related to current year		5,025			4,934			5,043
Incurred claim and claim adjustment expenses related to prior years		(342	)		(255	)		(39)
Amortization of deferred acquisition costs		1,235			1,540			1,317
Paid claim and claim adjustment expenses		5,134			4,945			5,297