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Investments - Components of OTTI Losses Recognized in Earnings by Asset Type (Detail) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]      
Net OTTI losses recognized in earnings $ 77us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet $ 76us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet $ 150us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
Corporate and Other Bonds [Member]      
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]      
Net OTTI losses recognized in earnings 18us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CorporateDebtSecuritiesMember
20us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CorporateDebtSecuritiesMember
25us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CorporateDebtSecuritiesMember
States, Municipalities and Political Subdivisions [Member]      
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]      
Net OTTI losses recognized in earnings 46us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_USStatesAndPoliticalSubdivisionsMember
  34us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_USStatesAndPoliticalSubdivisionsMember
Residential Mortgage-Backed [Member]      
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]      
Net OTTI losses recognized in earnings 5us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_ResidentialMortgageBackedSecuritiesMember
19us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_ResidentialMortgageBackedSecuritiesMember
48us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_ResidentialMortgageBackedSecuritiesMember
Other Asset-Backed [Member]      
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]      
Net OTTI losses recognized in earnings 1us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_AssetBackedSecuritiesSecuritizedLoansAndReceivablesMember
2us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_AssetBackedSecuritiesSecuritizedLoansAndReceivablesMember
 
Total Asset-Backed [Member]      
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]      
Net OTTI losses recognized in earnings 6us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_AssetBackedSecuritiesMember
21us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_AssetBackedSecuritiesMember
48us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_AssetBackedSecuritiesMember
U.S. Treasury and Obligations of Government-Sponsored Enterprises [Member]      
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]      
Net OTTI losses recognized in earnings     1us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_USTreasurySecuritiesMember
Total Fixed Maturities Available-for-Sale [Member]      
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]      
Net OTTI losses recognized in earnings 70us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= l_FixedMaturitiesAvailableForSaleMember
41us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= l_FixedMaturitiesAvailableForSaleMember
108us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= l_FixedMaturitiesAvailableForSaleMember
Common Stock [Member]      
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]      
Net OTTI losses recognized in earnings 7us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CommonStockMember
8us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CommonStockMember
6us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CommonStockMember
Preferred Stock [Member]      
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]      
Net OTTI losses recognized in earnings   26us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_PreferredStockMember
36us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_PreferredStockMember
Total Equity Securities Available-for-Sale [Member]      
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]      
Net OTTI losses recognized in earnings 7us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= l_EquitySecuritiesAvailableForSaleMember
34us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= l_EquitySecuritiesAvailableForSaleMember
42us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= l_EquitySecuritiesAvailableForSaleMember
Short Term Investments [Member]      
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]      
Net OTTI losses recognized in earnings   $ 1us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_ShortTermInvestmentsMember