XML 36 R44.htm IDEA: XBRL DOCUMENT v2.4.1.9
Fair Value - Quantitative Information about Significant Unobservable Inputs Utilized by Company Fair Value in Measurements of Level 3 Assets (Detail) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Dec. 31, 2014
Fixed Maturity Securities [Member]      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Credit spread adjustment 3.00%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_FixedIncomeSecuritiesMember
3.00%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_FixedIncomeSecuritiesMember
 
Fixed Maturity Securities [Member] | Discounted Cash Flow [Member]      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Fair Value Assets 102us-gaap_AssetsFairValueDisclosure
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_FixedIncomeSecuritiesMember
/ us-gaap_FairValueByMeasurementFrequencyAxis
= l_DiscountedCashFlowMember
  $ 101us-gaap_AssetsFairValueDisclosure
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_FixedIncomeSecuritiesMember
/ us-gaap_FairValueByMeasurementFrequencyAxis
= l_DiscountedCashFlowMember
Valuation Techniques Discounted cash flow    
Fixed Maturity Securities [Member] | Minimum [Member]      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Credit spread adjustment 2.00%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_FixedIncomeSecuritiesMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
2.00%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_FixedIncomeSecuritiesMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
 
Fixed Maturity Securities [Member] | Maximum [Member]      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Credit spread adjustment 13.00%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_FixedIncomeSecuritiesMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
13.00%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_FixedIncomeSecuritiesMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
 
Equity Securities [Member]      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Private offering price 682l_FairValueUnobservableInputsWeightedAveragePrivateOfferingPrice
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_EquitySecuritiesMember
600l_FairValueUnobservableInputsWeightedAveragePrivateOfferingPrice
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_EquitySecuritiesMember
 
Equity Securities [Member] | Market approach [Member]      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Fair Value Assets 13us-gaap_AssetsFairValueDisclosure
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_EquitySecuritiesMember
/ us-gaap_FairValueByMeasurementFrequencyAxis
= l_MarketApproachMember
  16us-gaap_AssetsFairValueDisclosure
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_EquitySecuritiesMember
/ us-gaap_FairValueByMeasurementFrequencyAxis
= l_MarketApproachMember
Valuation Techniques Market approach    
Equity Securities [Member] | Minimum [Member]      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Private offering price 10l_FairValueUnobservableInputsWeightedAveragePrivateOfferingPrice
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_EquitySecuritiesMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
12l_FairValueUnobservableInputsWeightedAveragePrivateOfferingPrice
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_EquitySecuritiesMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
 
Equity Securities [Member] | Maximum [Member]      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Private offering price 4,400l_FairValueUnobservableInputsWeightedAveragePrivateOfferingPrice
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_EquitySecuritiesMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
4,391l_FairValueUnobservableInputsWeightedAveragePrivateOfferingPrice
/ us-gaap_FairValueByAssetClassAxis
= us-gaap_EquitySecuritiesMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
 
Life Settlement Contracts [Member]      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Discount rate risk premium 9.00%l_FairValueUnobservableInputsDiscountRateRiskPremium
/ us-gaap_FairValueByAssetClassAxis
= l_LifeSettlementContractsMember
9.00%l_FairValueUnobservableInputsDiscountRateRiskPremium
/ us-gaap_FairValueByAssetClassAxis
= l_LifeSettlementContractsMember
 
Mortality assumption 164.00%l_FairValueUnobservableInputsMortalityAssumption
/ us-gaap_FairValueByAssetClassAxis
= l_LifeSettlementContractsMember
163.00%l_FairValueUnobservableInputsMortalityAssumption
/ us-gaap_FairValueByAssetClassAxis
= l_LifeSettlementContractsMember
 
Life Settlement Contracts [Member] | Discounted Cash Flow [Member]      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Fair Value Assets 79us-gaap_AssetsFairValueDisclosure
/ us-gaap_FairValueByAssetClassAxis
= l_LifeSettlementContractsMember
/ us-gaap_FairValueByMeasurementFrequencyAxis
= l_DiscountedCashFlowMember
  $ 82us-gaap_AssetsFairValueDisclosure
/ us-gaap_FairValueByAssetClassAxis
= l_LifeSettlementContractsMember
/ us-gaap_FairValueByMeasurementFrequencyAxis
= l_DiscountedCashFlowMember
Valuation Techniques Discounted cash flow    
Life Settlement Contracts [Member] | Minimum [Member]      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Mortality assumption 55.00%l_FairValueUnobservableInputsMortalityAssumption
/ us-gaap_FairValueByAssetClassAxis
= l_LifeSettlementContractsMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
55.00%l_FairValueUnobservableInputsMortalityAssumption
/ us-gaap_FairValueByAssetClassAxis
= l_LifeSettlementContractsMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
 
Life Settlement Contracts [Member] | Maximum [Member]      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Mortality assumption 1676.00%l_FairValueUnobservableInputsMortalityAssumption
/ us-gaap_FairValueByAssetClassAxis
= l_LifeSettlementContractsMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
1676.00%l_FairValueUnobservableInputsMortalityAssumption
/ us-gaap_FairValueByAssetClassAxis
= l_LifeSettlementContractsMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember