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Fair Value - Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) (USD $)
In Millions, unless otherwise specified
Mar. 31, 2015
Dec. 31, 2014
Corporate and Other Bonds [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of assets, measured on a recurring basis $ 18,559us-gaap_AssetsFairValueDisclosureRecurring
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= us-gaap_CorporateDebtSecuritiesMember
$ 18,886us-gaap_AssetsFairValueDisclosureRecurring
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= us-gaap_CorporateDebtSecuritiesMember
States, Municipalities and Political Subdivisions [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of assets, measured on a recurring basis 12,934us-gaap_AssetsFairValueDisclosureRecurring
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= us-gaap_USStatesAndPoliticalSubdivisionsMember
12,740us-gaap_AssetsFairValueDisclosureRecurring
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= us-gaap_USStatesAndPoliticalSubdivisionsMember
Residential Mortgage-Backed [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of assets, measured on a recurring basis 5,226us-gaap_AssetsFairValueDisclosureRecurring
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= us-gaap_ResidentialMortgageBackedSecuritiesMember
5,233us-gaap_AssetsFairValueDisclosureRecurring
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= us-gaap_ResidentialMortgageBackedSecuritiesMember
Commercial Mortgage-Backed [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of assets, measured on a recurring basis 2,260us-gaap_AssetsFairValueDisclosureRecurring
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= us-gaap_CommercialMortgageBackedSecuritiesMember
2,144us-gaap_AssetsFairValueDisclosureRecurring
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= us-gaap_CommercialMortgageBackedSecuritiesMember
Other Asset-Backed [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of assets, measured on a recurring basis 1,123us-gaap_AssetsFairValueDisclosureRecurring
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= us-gaap_AssetBackedSecuritiesSecuritizedLoansAndReceivablesMember
1,235us-gaap_AssetsFairValueDisclosureRecurring
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= us-gaap_AssetBackedSecuritiesSecuritizedLoansAndReceivablesMember
Total Asset-Backed [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of assets, measured on a recurring basis 8,609us-gaap_AssetsFairValueDisclosureRecurring
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= us-gaap_AssetBackedSecuritiesMember
8,612us-gaap_AssetsFairValueDisclosureRecurring
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= us-gaap_AssetBackedSecuritiesMember
U.S. Treasury and Obligations of Government-Sponsored Enterprises [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of assets, measured on a recurring basis 30us-gaap_AssetsFairValueDisclosureRecurring
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= us-gaap_USTreasurySecuritiesMember
31us-gaap_AssetsFairValueDisclosureRecurring
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= us-gaap_USTreasurySecuritiesMember
Foreign Government [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of assets, measured on a recurring basis 409us-gaap_AssetsFairValueDisclosureRecurring
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= l_ForeignGovernmentSecuritiesMember
454us-gaap_AssetsFairValueDisclosureRecurring
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= l_ForeignGovernmentSecuritiesMember
Redeemable Preferred Stock [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of assets, measured on a recurring basis 42us-gaap_AssetsFairValueDisclosureRecurring
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= us-gaap_RedeemablePreferredStockMember
42us-gaap_AssetsFairValueDisclosureRecurring
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= us-gaap_RedeemablePreferredStockMember
Total Fixed Maturities Available-for-Sale [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of assets, measured on a recurring basis 40,583us-gaap_AssetsFairValueDisclosureRecurring
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= l_FixedMaturitiesAvailableForSaleMember
40,765us-gaap_AssetsFairValueDisclosureRecurring
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= l_FixedMaturitiesAvailableForSaleMember
Fixed Maturities Trading [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of assets, measured on a recurring basis 125us-gaap_AssetsFairValueDisclosureRecurring
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= l_FixedMaturitiesTradingMember
120us-gaap_AssetsFairValueDisclosureRecurring
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= l_FixedMaturitiesTradingMember
Fixed Maturity Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of assets, measured on a recurring basis 40,708us-gaap_AssetsFairValueDisclosureRecurring
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= us-gaap_FixedIncomeSecuritiesMember
40,885us-gaap_AssetsFairValueDisclosureRecurring
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= us-gaap_FixedIncomeSecuritiesMember
Total Equity Securities Available-for-Sale [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of assets, measured on a recurring basis 225us-gaap_AssetsFairValueDisclosureRecurring
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= l_EquitySecuritiesAvailableForSaleMember
222us-gaap_AssetsFairValueDisclosureRecurring
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= l_EquitySecuritiesAvailableForSaleMember
Equity Securities Trading [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of assets, measured on a recurring basis 419us-gaap_AssetsFairValueDisclosureRecurring
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= l_EquitySecuritiesTradingMember
506us-gaap_AssetsFairValueDisclosureRecurring
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= l_EquitySecuritiesTradingMember
Equity Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of assets, measured on a recurring basis 644us-gaap_AssetsFairValueDisclosureRecurring
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= us-gaap_EquitySecuritiesMember
728us-gaap_AssetsFairValueDisclosureRecurring
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= us-gaap_EquitySecuritiesMember
Short Term Investments [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of assets, measured on a recurring basis 6,273us-gaap_AssetsFairValueDisclosureRecurring
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= us-gaap_ShortTermInvestmentsMember
5,952us-gaap_AssetsFairValueDisclosureRecurring
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= us-gaap_ShortTermInvestmentsMember
Other Invested Assets [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of assets, measured on a recurring basis 144us-gaap_AssetsFairValueDisclosureRecurring
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= l_OtherInvestedAssetsMember
143us-gaap_AssetsFairValueDisclosureRecurring
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= l_OtherInvestedAssetsMember
Receivables [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of assets, measured on a recurring basis 31us-gaap_AssetsFairValueDisclosureRecurring
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= l_ReceivablesMember
9us-gaap_AssetsFairValueDisclosureRecurring
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= l_ReceivablesMember
Life Settlement Contracts [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of assets, measured on a recurring basis 79us-gaap_AssetsFairValueDisclosureRecurring
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= l_LifeSettlementContractsMember
82us-gaap_AssetsFairValueDisclosureRecurring
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= l_LifeSettlementContractsMember
Payable to Brokers [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of liabilities, measured on a recurring basis (373)us-gaap_LiabilitiesFairValueDisclosure
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= l_PayableToBrokersMember
(552)us-gaap_LiabilitiesFairValueDisclosure
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= l_PayableToBrokersMember
Level 1 [Member] | Corporate and Other Bonds [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of assets, measured on a recurring basis 29us-gaap_AssetsFairValueDisclosureRecurring
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= us-gaap_CorporateDebtSecuritiesMember
32us-gaap_AssetsFairValueDisclosureRecurring
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= us-gaap_CorporateDebtSecuritiesMember
Level 1 [Member] | U.S. Treasury and Obligations of Government-Sponsored Enterprises [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of assets, measured on a recurring basis 29us-gaap_AssetsFairValueDisclosureRecurring
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= us-gaap_USTreasurySecuritiesMember
Level 1 [Member] | Foreign Government [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of assets, measured on a recurring basis 37us-gaap_AssetsFairValueDisclosureRecurring
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= l_ForeignGovernmentSecuritiesMember
Level 1 [Member] | Redeemable Preferred Stock [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of assets, measured on a recurring basis 30us-gaap_AssetsFairValueDisclosureRecurring
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30us-gaap_AssetsFairValueDisclosureRecurring
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= us-gaap_FairValueInputsLevel1Member
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= us-gaap_RedeemablePreferredStockMember
Level 1 [Member] | Total Fixed Maturities Available-for-Sale [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of assets, measured on a recurring basis 125us-gaap_AssetsFairValueDisclosureRecurring
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= l_FixedMaturitiesAvailableForSaleMember
131us-gaap_AssetsFairValueDisclosureRecurring
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= us-gaap_FairValueInputsLevel1Member
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= l_FixedMaturitiesAvailableForSaleMember
Level 1 [Member] | Fixed Maturity Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of assets, measured on a recurring basis 125us-gaap_AssetsFairValueDisclosureRecurring
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131us-gaap_AssetsFairValueDisclosureRecurring
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= us-gaap_FixedIncomeSecuritiesMember
Level 1 [Member] | Total Equity Securities Available-for-Sale [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of assets, measured on a recurring basis 149us-gaap_AssetsFairValueDisclosureRecurring
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145us-gaap_AssetsFairValueDisclosureRecurring
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= us-gaap_FairValueInputsLevel1Member
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= l_EquitySecuritiesAvailableForSaleMember
Level 1 [Member] | Equity Securities Trading [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of assets, measured on a recurring basis 418us-gaap_AssetsFairValueDisclosureRecurring
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505us-gaap_AssetsFairValueDisclosureRecurring
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= us-gaap_FairValueInputsLevel1Member
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= l_EquitySecuritiesTradingMember
Level 1 [Member] | Equity Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of assets, measured on a recurring basis 567us-gaap_AssetsFairValueDisclosureRecurring
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650us-gaap_AssetsFairValueDisclosureRecurring
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= us-gaap_EquitySecuritiesMember
Level 1 [Member] | Short Term Investments [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of assets, measured on a recurring basis 5,595us-gaap_AssetsFairValueDisclosureRecurring
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4,989us-gaap_AssetsFairValueDisclosureRecurring
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= us-gaap_ShortTermInvestmentsMember
Level 1 [Member] | Other Invested Assets [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of assets, measured on a recurring basis 103us-gaap_AssetsFairValueDisclosureRecurring
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102us-gaap_AssetsFairValueDisclosureRecurring
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= us-gaap_FairValueInputsLevel1Member
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= l_OtherInvestedAssetsMember
Level 1 [Member] | Receivables [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of assets, measured on a recurring basis 3us-gaap_AssetsFairValueDisclosureRecurring
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
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2us-gaap_AssetsFairValueDisclosureRecurring
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= us-gaap_FairValueInputsLevel1Member
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= l_ReceivablesMember
Level 1 [Member] | Payable to Brokers [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of liabilities, measured on a recurring basis (365)us-gaap_LiabilitiesFairValueDisclosure
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= us-gaap_FairValueInputsLevel1Member
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(546)us-gaap_LiabilitiesFairValueDisclosure
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= us-gaap_FairValueInputsLevel1Member
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= l_PayableToBrokersMember
Level 2 [Member] | Corporate and Other Bonds [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of assets, measured on a recurring basis 18,344us-gaap_AssetsFairValueDisclosureRecurring
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
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18,692us-gaap_AssetsFairValueDisclosureRecurring
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= us-gaap_CorporateDebtSecuritiesMember
Level 2 [Member] | States, Municipalities and Political Subdivisions [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of assets, measured on a recurring basis 12,848us-gaap_AssetsFairValueDisclosureRecurring
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12,646us-gaap_AssetsFairValueDisclosureRecurring
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Level 2 [Member] | Residential Mortgage-Backed [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of assets, measured on a recurring basis 4,994us-gaap_AssetsFairValueDisclosureRecurring
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
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5,044us-gaap_AssetsFairValueDisclosureRecurring
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= us-gaap_ResidentialMortgageBackedSecuritiesMember
Level 2 [Member] | Commercial Mortgage-Backed [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of assets, measured on a recurring basis 2,196us-gaap_AssetsFairValueDisclosureRecurring
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2,061us-gaap_AssetsFairValueDisclosureRecurring
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Level 2 [Member] | Other Asset-Backed [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of assets, measured on a recurring basis 570us-gaap_AssetsFairValueDisclosureRecurring
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Level 2 [Member] | Total Asset-Backed [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of assets, measured on a recurring basis 7,760us-gaap_AssetsFairValueDisclosureRecurring
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Level 2 [Member] | U.S. Treasury and Obligations of Government-Sponsored Enterprises [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of assets, measured on a recurring basis 1us-gaap_AssetsFairValueDisclosureRecurring
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Level 2 [Member] | Foreign Government [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of assets, measured on a recurring basis 372us-gaap_AssetsFairValueDisclosureRecurring
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Level 2 [Member] | Redeemable Preferred Stock [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of assets, measured on a recurring basis 12us-gaap_AssetsFairValueDisclosureRecurring
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Level 2 [Member] | Total Fixed Maturities Available-for-Sale [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of assets, measured on a recurring basis 39,337us-gaap_AssetsFairValueDisclosureRecurring
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39,451us-gaap_AssetsFairValueDisclosureRecurring
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Level 2 [Member] | Fixed Maturities Trading [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of assets, measured on a recurring basis 36us-gaap_AssetsFairValueDisclosureRecurring
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Level 2 [Member] | Fixed Maturity Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of assets, measured on a recurring basis 39,373us-gaap_AssetsFairValueDisclosureRecurring
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Level 2 [Member] | Total Equity Securities Available-for-Sale [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of assets, measured on a recurring basis 63us-gaap_AssetsFairValueDisclosureRecurring
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Level 2 [Member] | Equity Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of assets, measured on a recurring basis 63us-gaap_AssetsFairValueDisclosureRecurring
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Level 2 [Member] | Short Term Investments [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of assets, measured on a recurring basis 678us-gaap_AssetsFairValueDisclosureRecurring
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Level 2 [Member] | Other Invested Assets [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of assets, measured on a recurring basis 41us-gaap_AssetsFairValueDisclosureRecurring
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Level 2 [Member] | Receivables [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of assets, measured on a recurring basis 28us-gaap_AssetsFairValueDisclosureRecurring
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Level 2 [Member] | Payable to Brokers [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of liabilities, measured on a recurring basis (8)us-gaap_LiabilitiesFairValueDisclosure
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Level 3 [Member] | Corporate and Other Bonds [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of assets, measured on a recurring basis 186us-gaap_AssetsFairValueDisclosureRecurring
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Level 3 [Member] | States, Municipalities and Political Subdivisions [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of assets, measured on a recurring basis 86us-gaap_AssetsFairValueDisclosureRecurring
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Level 3 [Member] | Residential Mortgage-Backed [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of assets, measured on a recurring basis 232us-gaap_AssetsFairValueDisclosureRecurring
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Level 3 [Member] | Commercial Mortgage-Backed [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of assets, measured on a recurring basis 64us-gaap_AssetsFairValueDisclosureRecurring
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Level 3 [Member] | Other Asset-Backed [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of assets, measured on a recurring basis 553us-gaap_AssetsFairValueDisclosureRecurring
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Level 3 [Member] | Total Asset-Backed [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of assets, measured on a recurring basis 849us-gaap_AssetsFairValueDisclosureRecurring
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Level 3 [Member] | Total Fixed Maturities Available-for-Sale [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of assets, measured on a recurring basis 1,121us-gaap_AssetsFairValueDisclosureRecurring
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Level 3 [Member] | Fixed Maturities Trading [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of assets, measured on a recurring basis 89us-gaap_AssetsFairValueDisclosureRecurring
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Level 3 [Member] | Fixed Maturity Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of assets, measured on a recurring basis 1,210us-gaap_AssetsFairValueDisclosureRecurring
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Level 3 [Member] | Total Equity Securities Available-for-Sale [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of assets, measured on a recurring basis 13us-gaap_AssetsFairValueDisclosureRecurring
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Level 3 [Member] | Equity Securities Trading [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of assets, measured on a recurring basis 1us-gaap_AssetsFairValueDisclosureRecurring
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Level 3 [Member] | Equity Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of assets, measured on a recurring basis 14us-gaap_AssetsFairValueDisclosureRecurring
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Level 3 [Member] | Life Settlement Contracts [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of assets, measured on a recurring basis $ 79us-gaap_AssetsFairValueDisclosureRecurring
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