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Schedule V - Supplemental Information Concerning Property and Casualty Insurance Operations
12 Months Ended
Dec. 31, 2022
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 3120222021
(In millions)  
   
Deferred acquisition costs$806 $737 
Reserves for unpaid claim and claim adjustment expenses25,09924,174
Discount deducted from claim and claim adjustment expense reserves above (based on interest rates ranging from 3.5% to 6.4%)
1,1331,146
Unearned premiums6,3745,761

Year Ended December 31
202220212020
(In millions)   
    
Net written premiums$9,128 $8,405 $8,059 
Net earned premiums8,667 8,175 7,649 
Net investment income1,751 2,111 1,896 
Incurred claim and claim adjustment expenses related to current year6,243 5,970 5,793 
Incurred claim and claim adjustment expenses related to prior years(187)(104)(119)
Amortization of deferred acquisition costs1,490 1,443 1,410 
Paid claim and claim adjustment expenses5,261 4,844 5,164