SCHEDULE V: Supplemental Information Concerning Property And Casualty Insurance Operations

12 Months Ended

Dec. 31, 2011

SCHEDULE V: Supplemental Information Concerning Property And Casualty Insurance Operations [Abstract]

SCHEDULE V: Supplemental Information Concerning Property And Casualty Insurance Operations

LOEWS CORPORATION AND SUBSIDIARIES

Supplemental Information Concerning Property and Casualty Insurance Operations

		0000			0000			0000
Consolidated Property and Casualty Operations
December 31				2011			2010
(In millions)
Deferred acquisition costs				$	658		$	1,079
Reserves for unpaid claim and claim adjustment expenses					24,228			25,412
Discount deducted from claim and claim adjustment expense reserves above (based on interest rates ranging from 3.0% to 8.0%)					1,569			1,552
Unearned premiums					3,250			3,203
Year Ended December 31	2011			2010			2009
(In millions)
Net written premiums	$	6,798		$	6,471		$	6,713
Net earned premiums		6,603			6,514			6,720
Net investment income		1,845			2,097			2,110
Incurred claim and claim adjustment expenses related to current year		4,901			4,737			4,788
Incurred claim and claim adjustment expenses related to prior years		(429	)		(545	)		(241)
Amortization of deferred acquisition costs		1,410			1,387			1,417
Paid claim and claim adjustment expenses		4,499			4,667			4,841