Schedule V - Supplemental Information Concerning Property and Casualty Insurance Operations

12 Months Ended

Dec. 31, 2019

SEC Schedule, 12-18, Supplemental Information, 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	2019		2018
(In millions)
Deferred acquisition costs	$	662	$	633
Reserves for unpaid claim and claim adjustment expenses		21,720		21,984
Discount deducted from claim and claim adjustment expense
reserves above (based on interest rates ranging from 3.5% to 7.6%)		1,321		1,388
Unearned premiums		4,583		4,183

Year Ended December 31	2019			2018			2017
(In millions)
Net written premiums	$	7,656		$	7,345		$	7,069
Net earned premiums		7,428			7,312			6,988
Net investment income		2,063			1,751			1,992
Incurred claim and claim adjustment expenses related to current year		5,356			5,358			5,201
Incurred claim and claim adjustment expenses related to prior years		(127	)		(179	)		(381	)
Amortization of deferred acquisition costs		1,383			1,335			1,233
Paid claim and claim adjustment expenses		5,576			5,331			5,341