Schedule V - Supplemental Information Concerning Property and Casualty Insurance Operations

12 Months Ended

Dec. 31, 2018

SEC Schedule, 12-18, Supplemental Information, Property-Casualty Insurance Underwriters [Abstract]

Schedule V - Supplemental Information Concerning Property and Casualty Insurance Operations

SCHEDULE V

LOEWS CORPORATION AND SUBSIDIARIES

Supplemental Information Concerning Property and Casualty Insurance Operations

Consolidated Property and Casualty Operations
December 31	2018		2017
(In millions)
Deferred acquisition costs	$	632	$	632
Reserves for unpaid claim and claim adjustment expenses		21,984		22,004
Discount deducted from claim and claim adjustment expense reserves above (based on interest rates ranging from 3.5% to 8.0%)		1,388		1,434
Unearned premiums		4,183		4,029

Year Ended December 31	2018			2017			2016
(In millions)
Net written premiums	$	7,345		$	7,069		$	6,988
Net earned premiums		7,312			6,988			6,924
Net investment income		1,751			1,992			1,952
Incurred claim and claim adjustment expenses related to current year		5,358			5,201			5,025
Incurred claim and claim adjustment expenses related to prior years		(179	)		(381	)		(342)
Amortization of deferred acquisition costs		1,335			1,233			1,235
Paid claim and claim adjustment expenses		5,331			5,341			5,134