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Investments - Schedule of Net Change in Unrealized Gains (Losses) on Available-for-Sale Investments (Detail) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Schedule of Available-for-sale Securities [Line Items]      
Total net change in unrealized gains on available-for-sale investments $ 1,517us-gaap_AvailableForSaleSecuritiesChangeInNetUnrealizedHoldingGainLossNetOfTax $ (2,556)us-gaap_AvailableForSaleSecuritiesChangeInNetUnrealizedHoldingGainLossNetOfTax $ 1,875us-gaap_AvailableForSaleSecuritiesChangeInNetUnrealizedHoldingGainLossNetOfTax
Fixed Maturity Securities [Member]      
Schedule of Available-for-sale Securities [Line Items]      
Total net change in unrealized gains on available-for-sale investments 1,511us-gaap_AvailableForSaleSecuritiesChangeInNetUnrealizedHoldingGainLossNetOfTax
/ us-gaap_InvestmentTypeAxis
= us-gaap_FixedIncomeSecuritiesMember
(2,541)us-gaap_AvailableForSaleSecuritiesChangeInNetUnrealizedHoldingGainLossNetOfTax
/ us-gaap_InvestmentTypeAxis
= us-gaap_FixedIncomeSecuritiesMember
1,871us-gaap_AvailableForSaleSecuritiesChangeInNetUnrealizedHoldingGainLossNetOfTax
/ us-gaap_InvestmentTypeAxis
= us-gaap_FixedIncomeSecuritiesMember
Equity Securities [Member]      
Schedule of Available-for-sale Securities [Line Items]      
Total net change in unrealized gains on available-for-sale investments 6us-gaap_AvailableForSaleSecuritiesChangeInNetUnrealizedHoldingGainLossNetOfTax
/ us-gaap_InvestmentTypeAxis
= us-gaap_EquitySecuritiesMember
(15)us-gaap_AvailableForSaleSecuritiesChangeInNetUnrealizedHoldingGainLossNetOfTax
/ us-gaap_InvestmentTypeAxis
= us-gaap_EquitySecuritiesMember
5us-gaap_AvailableForSaleSecuritiesChangeInNetUnrealizedHoldingGainLossNetOfTax
/ us-gaap_InvestmentTypeAxis
= us-gaap_EquitySecuritiesMember
Other [Member]      
Schedule of Available-for-sale Securities [Line Items]      
Total net change in unrealized gains on available-for-sale investments     $ (1)us-gaap_AvailableForSaleSecuritiesChangeInNetUnrealizedHoldingGainLossNetOfTax
/ us-gaap_InvestmentTypeAxis
= l_OtherInvestmentIncomeMember