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Basis of Presentation - Effects of Adoption of ASU 2018-12, Operations (Details) - USD ($)
$ / shares in Units, $ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
New Accounting Pronouncements or Change in Accounting Principle [Line Items]    
Insurance claims and policyholders’ benefits $ 1,653 $ 1,478
Income before income tax 519 439
Income tax expense (115) (87)
Net income 404 352
Amounts attributable to noncontrolling interests (29) (30)
Net income attributable to Loews Corporation $ 375 $ 322
Basic net income per share (in dollars per share) $ 1.61 $ 1.30
Diluted net income per share (in dollars per share) $ 1.61 $ 1.29
Re-measurement gain of insurance claims and policyholders’ benefits $ 1 $ 5
As Reported    
New Accounting Pronouncements or Change in Accounting Principle [Line Items]    
Insurance claims and policyholders’ benefits   1,455
Income before income tax   462
Income tax expense   (92)
Net income   370
Amounts attributable to noncontrolling interests   (32)
Net income attributable to Loews Corporation   $ 338
Basic net income per share (in dollars per share)   $ 1.36
Diluted net income per share (in dollars per share)   $ 1.36
Effect of Adoption    
New Accounting Pronouncements or Change in Accounting Principle [Line Items]    
Insurance claims and policyholders’ benefits   $ 23
Income before income tax   (23)
Income tax expense   5
Net income   (18)
Amounts attributable to noncontrolling interests   2
Net income attributable to Loews Corporation   $ (16)
Basic net income per share (in dollars per share)   $ (0.06)
Diluted net income per share (in dollars per share)   $ (0.07)