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Investments - Summary of Aggregate Contractual or Notional Amounts and Gross Estimated Fair Values Related to Derivative Financial Instruments (Detail) (USD $)
In Millions, unless otherwise specified
Mar. 31, 2015
Dec. 31, 2014
Embedded Derivative on Funds Withheld Liability [Member]    
Derivative [Line Items]    
Contractual/Notional Amount $ 184invest_DerivativeNotionalAmount
/ us-gaap_DerivativeInstrumentRiskAxis
= l_EmbeddedDerivativeOnFundsWithheldLiabilityMember
$ 184invest_DerivativeNotionalAmount
/ us-gaap_DerivativeInstrumentRiskAxis
= l_EmbeddedDerivativeOnFundsWithheldLiabilityMember
Estimated Fair Value, (Liability) (5)us-gaap_DerivativeFairValueOfDerivativeLiability
/ us-gaap_DerivativeInstrumentRiskAxis
= l_EmbeddedDerivativeOnFundsWithheldLiabilityMember
(3)us-gaap_DerivativeFairValueOfDerivativeLiability
/ us-gaap_DerivativeInstrumentRiskAxis
= l_EmbeddedDerivativeOnFundsWithheldLiabilityMember
With Hedge Designation [Member] | Foreign Exchange, Currency Forwards - Short [Member]    
Derivative [Line Items]    
Contractual/Notional Amount 34invest_DerivativeNotionalAmount
/ us-gaap_DerivativeInstrumentRiskAxis
= l_CurrencyForwardsShortMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_DesignatedAsHedgingInstrumentMember
70invest_DerivativeNotionalAmount
/ us-gaap_DerivativeInstrumentRiskAxis
= l_CurrencyForwardsShortMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_DesignatedAsHedgingInstrumentMember
Estimated Fair Value, (Liability) (3)us-gaap_DerivativeFairValueOfDerivativeLiability
/ us-gaap_DerivativeInstrumentRiskAxis
= l_CurrencyForwardsShortMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_DesignatedAsHedgingInstrumentMember
(5)us-gaap_DerivativeFairValueOfDerivativeLiability
/ us-gaap_DerivativeInstrumentRiskAxis
= l_CurrencyForwardsShortMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_DesignatedAsHedgingInstrumentMember
Without Hedge Designation [Member] | Foreign Exchange, Currency Forwards - Short [Member]    
Derivative [Line Items]    
Contractual/Notional Amount 99invest_DerivativeNotionalAmount
/ us-gaap_DerivativeInstrumentRiskAxis
= l_CurrencyForwardsShortMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
88invest_DerivativeNotionalAmount
/ us-gaap_DerivativeInstrumentRiskAxis
= l_CurrencyForwardsShortMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
Estimated Fair Value, Asset 2us-gaap_DerivativeFairValueOfDerivativeAsset
/ us-gaap_DerivativeInstrumentRiskAxis
= l_CurrencyForwardsShortMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
2us-gaap_DerivativeFairValueOfDerivativeAsset
/ us-gaap_DerivativeInstrumentRiskAxis
= l_CurrencyForwardsShortMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
Without Hedge Designation [Member] | Equity Markets, Options - Purchased [Member]    
Derivative [Line Items]    
Contractual/Notional Amount 2,306invest_DerivativeNotionalAmount
/ us-gaap_DerivativeInstrumentRiskAxis
= l_EquityOptionsPurchasedMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
544invest_DerivativeNotionalAmount
/ us-gaap_DerivativeInstrumentRiskAxis
= l_EquityOptionsPurchasedMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
Estimated Fair Value, Asset 21us-gaap_DerivativeFairValueOfDerivativeAsset
/ us-gaap_DerivativeInstrumentRiskAxis
= l_EquityOptionsPurchasedMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
24us-gaap_DerivativeFairValueOfDerivativeAsset
/ us-gaap_DerivativeInstrumentRiskAxis
= l_EquityOptionsPurchasedMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
Without Hedge Designation [Member] | Equity Markets, Options - Written [Member]    
Derivative [Line Items]    
Contractual/Notional Amount 1,493invest_DerivativeNotionalAmount
/ us-gaap_DerivativeInstrumentRiskAxis
= l_EquityOptionsWrittenMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
292invest_DerivativeNotionalAmount
/ us-gaap_DerivativeInstrumentRiskAxis
= l_EquityOptionsWrittenMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
Estimated Fair Value, (Liability) (13)us-gaap_DerivativeFairValueOfDerivativeLiability
/ us-gaap_DerivativeInstrumentRiskAxis
= l_EquityOptionsWrittenMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
(21)us-gaap_DerivativeFairValueOfDerivativeLiability
/ us-gaap_DerivativeInstrumentRiskAxis
= l_EquityOptionsWrittenMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
Without Hedge Designation [Member] | Equity Swaps and Warrants - Long [Member]    
Derivative [Line Items]    
Contractual/Notional Amount 10invest_DerivativeNotionalAmount
/ us-gaap_DerivativeInstrumentRiskAxis
= l_EquitySwapsAndWarrantsOptionsLongMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
10invest_DerivativeNotionalAmount
/ us-gaap_DerivativeInstrumentRiskAxis
= l_EquitySwapsAndWarrantsOptionsLongMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
Estimated Fair Value, Asset 2us-gaap_DerivativeFairValueOfDerivativeAsset
/ us-gaap_DerivativeInstrumentRiskAxis
= l_EquitySwapsAndWarrantsOptionsLongMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
2us-gaap_DerivativeFairValueOfDerivativeAsset
/ us-gaap_DerivativeInstrumentRiskAxis
= l_EquitySwapsAndWarrantsOptionsLongMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
Without Hedge Designation [Member] | Equity Futures - Short [Member]    
Derivative [Line Items]    
Contractual/Notional Amount 399invest_DerivativeNotionalAmount
/ us-gaap_DerivativeInstrumentRiskAxis
= l_EquityFuturesShortMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
130invest_DerivativeNotionalAmount
/ us-gaap_DerivativeInstrumentRiskAxis
= l_EquityFuturesShortMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
Estimated Fair Value, Asset 3us-gaap_DerivativeFairValueOfDerivativeAsset
/ us-gaap_DerivativeInstrumentRiskAxis
= l_EquityFuturesShortMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
2us-gaap_DerivativeFairValueOfDerivativeAsset
/ us-gaap_DerivativeInstrumentRiskAxis
= l_EquityFuturesShortMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
Without Hedge Designation [Member] | Foreign Exchange, Currency Forwards - Long [Member]    
Derivative [Line Items]    
Contractual/Notional Amount 134invest_DerivativeNotionalAmount
/ us-gaap_DerivativeInstrumentRiskAxis
= l_CurrencyForwardsLongMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
109invest_DerivativeNotionalAmount
/ us-gaap_DerivativeInstrumentRiskAxis
= l_CurrencyForwardsLongMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
Estimated Fair Value, Asset 1us-gaap_DerivativeFairValueOfDerivativeAsset
/ us-gaap_DerivativeInstrumentRiskAxis
= l_CurrencyForwardsLongMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
 
Estimated Fair Value, (Liability)   (3)us-gaap_DerivativeFairValueOfDerivativeLiability
/ us-gaap_DerivativeInstrumentRiskAxis
= l_CurrencyForwardsLongMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
Without Hedge Designation [Member] | Currency Options - Long [Member]    
Derivative [Line Items]    
Contractual/Notional Amount 179invest_DerivativeNotionalAmount
/ us-gaap_DerivativeInstrumentRiskAxis
= l_CurrencyOptionsLongMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
151invest_DerivativeNotionalAmount
/ us-gaap_DerivativeInstrumentRiskAxis
= l_CurrencyOptionsLongMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
Estimated Fair Value, Asset 25us-gaap_DerivativeFairValueOfDerivativeAsset
/ us-gaap_DerivativeInstrumentRiskAxis
= l_CurrencyOptionsLongMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
7us-gaap_DerivativeFairValueOfDerivativeAsset
/ us-gaap_DerivativeInstrumentRiskAxis
= l_CurrencyOptionsLongMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
Without Hedge Designation [Member] | Currency Options - Short [Member]    
Derivative [Line Items]    
Contractual/Notional Amount 218invest_DerivativeNotionalAmount
/ us-gaap_DerivativeInstrumentRiskAxis
= l_CurrencyOptionsShortMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
 
Estimated Fair Value, (Liability) $ (5)us-gaap_DerivativeFairValueOfDerivativeLiability
/ us-gaap_DerivativeInstrumentRiskAxis
= l_CurrencyOptionsShortMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember