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Consolidated Condensed Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Operating Activities:    
Net income $ 49us-gaap_ProfitLoss $ 184us-gaap_ProfitLoss
Adjustments to reconcile net income to net cash provided (used) by operating activities, net 510us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities 746us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
Changes in operating assets and liabilities, net:    
Receivables (153)l_IncreaseDecreaseInInsuranceReceivablesReinsuranceReceivablesAndOtherReceivables 38l_IncreaseDecreaseInInsuranceReceivablesReinsuranceReceivablesAndOtherReceivables
Deferred acquisition costs (13)us-gaap_IncreaseDecreaseInDeferredPolicyAcquisitionCosts (21)us-gaap_IncreaseDecreaseInDeferredPolicyAcquisitionCosts
Insurance reserves 304us-gaap_IncreaseDecreaseInInsuranceLiabilities 85us-gaap_IncreaseDecreaseInInsuranceLiabilities
Other assets (57)us-gaap_IncreaseDecreaseInOtherOperatingAssets (90)us-gaap_IncreaseDecreaseInOtherOperatingAssets
Other liabilities (227)us-gaap_IncreaseDecreaseInOtherOperatingLiabilities (294)us-gaap_IncreaseDecreaseInOtherOperatingLiabilities
Trading securities (371)us-gaap_IncreaseDecreaseInTradingSecurities (225)us-gaap_IncreaseDecreaseInTradingSecurities
Net cash flow operating activities 42us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 423us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Investing Activities:    
Purchases of fixed maturities (1,919)us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt (2,072)us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt
Proceeds from sales of fixed maturities 1,144us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt 1,550us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
Proceeds from maturities of fixed maturities 1,144us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities 851us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
Purchases of equity securities (5)us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesEquity (5)us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesEquity
Proceeds from sales of equity securities 2us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesEquity 11us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesEquity
Purchases of limited partnership investments (34)us-gaap_PaymentsToAcquireLimitedPartnershipInterests (73)us-gaap_PaymentsToAcquireLimitedPartnershipInterests
Proceeds from sales of limited partnership investments 20us-gaap_ProceedsFromLimitedPartnershipInvestments 68us-gaap_ProceedsFromLimitedPartnershipInvestments
Purchases of property, plant and equipment (453)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (758)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Dispositions 5l_ProceedsFromSaleOfPpeAndDispositions 11l_ProceedsFromSaleOfPpeAndDispositions
Change in short term investments 197l_ChangeInShortTermInvestments (222)l_ChangeInShortTermInvestments
Other, net (7)us-gaap_PaymentsForProceedsFromOtherInvestingActivities 2us-gaap_PaymentsForProceedsFromOtherInvestingActivities
Net cash flow investing activities 94us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (637)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Financing Activities:    
Dividends paid (23)us-gaap_PaymentsOfDividendsCommonStock (24)us-gaap_PaymentsOfDividendsCommonStock
Dividends paid to noncontrolling interests (82)us-gaap_PaymentsOfDividendsMinorityInterest (106)us-gaap_PaymentsOfDividendsMinorityInterest
Purchases of subsidiary stock from noncontrolling interests (24)us-gaap_PaymentsToMinorityShareholders (86)us-gaap_PaymentsToMinorityShareholders
Purchases of Loews treasury stock (67)us-gaap_PaymentsForRepurchaseOfCommonStock (18)us-gaap_PaymentsForRepurchaseOfCommonStock
Issuance of Loews common stock 7us-gaap_ProceedsFromIssuanceOfCommonStock 5us-gaap_ProceedsFromIssuanceOfCommonStock
Proceeds from sale of subsidiary stock 84l_ProceedsFromSaleOfSubsidiaryStock  
Principal payments on debt (759)us-gaap_RepaymentsOfLongTermDebt (240)us-gaap_RepaymentsOfLongTermDebt
Issuance of debt 636us-gaap_ProceedsFromIssuanceOfLongTermDebt 701us-gaap_ProceedsFromIssuanceOfLongTermDebt
Other, net 5us-gaap_ProceedsFromPaymentsForOtherFinancingActivities 1us-gaap_ProceedsFromPaymentsForOtherFinancingActivities
Net cash flow financing activities (223)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations 233us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Effect of foreign exchange rate on cash (6)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations 1us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
Transfer of cash to assets of discontinued operations   (14)l_TransferOfCashToAssetsDiscontinuedOperations
Net change in cash (93)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 6us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash, beginning of period 364us-gaap_Cash 295us-gaap_Cash
Cash, end of period $ 271us-gaap_Cash $ 301us-gaap_Cash