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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating Activities:    
Net income (loss) $ 304 $ 578
Adjustments to reconcile net income to net cash provided (used) by operating activities, net 1,676 1,370
Changes in operating assets and liabilities, net:    
Receivables (165) 31
Deferred acquisition costs (24) 11
Insurance reserves 464 195
Other assets (80) (81)
Other liabilities 9 (108)
Trading securities (468) 199
Net cash flow operating activities 1,716 2,195
Investing Activities:    
Purchases of fixed maturities (7,472) (7,055)
Proceeds from sales of fixed maturities 4,239 3,590
Proceeds from maturities of fixed maturities 2,263 3,101
Purchases of limited partnership investments (324) (120)
Proceeds from sales of limited partnership investments 207 156
Purchases of property, plant and equipment (1,264) (1,447)
Dispositions 277 28
Change in short term investments 104 298
Other, net 124 (138)
Net cash flow investing activities (1,846) (1,587)
Financing Activities:    
Dividends paid (63) (69)
Dividends paid to noncontrolling interests (114) (138)
Purchases of subsidiary stock from noncontrolling interests (8) (29)
Purchases of Loews treasury stock (115) (617)
Issuance of Loews common stock   7
Proceeds from sale of subsidiary stock   114
Principal payments on debt (2,882) (1,761)
Issuance of debt 3,226 1,851
Other, net (2) 4
Net cash flow financing activities 42 (638)
Effect of foreign exchange rate on cash (8) (6)
Net change in cash (96) (36)
Cash, beginning of period 440 364
Cash, end of period $ 344 $ 328