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Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating Activities:    
Net income $ 881 $ 304
Adjustments to reconcile net income to net cash provided (used) by operating activities, net 959 1,676
Changes in operating assets and liabilities, net:    
Receivables 19 (165)
Deferred acquisition costs (34) (24)
Insurance reserves 248 464
Other assets (85) (80)
Other liabilities (116) 9
Trading securities (62) (468)
Net cash flow operating activities 1,810 1,716
Investing Activities:    
Purchases of fixed maturities (6,877) (7,472)
Proceeds from sales of fixed maturities 4,167 4,239
Proceeds from maturities of fixed maturities 2,635 2,263
Purchases of limited partnership investments (85) (324)
Proceeds from sales of limited partnership investments 179 207
Purchases of property, plant and equipment (735) (1,185)
Acquisitions (1,218) (79)
Dispositions 68 277
Change in short term investments (85) 104
Other, net (136) 124
Net cash flow investing activities (2,087) (1,846)
Financing Activities:    
Dividends paid (63) (63)
Dividends paid to noncontrolling interests (117) (114)
Purchases of subsidiary stock from noncontrolling interests   (8)
Purchases of Loews treasury stock (6) (115)
Principal payments on debt (2,249) (2,882)
Issuance of debt 2,808 3,226
Other, net (16) (2)
Net cash flow financing activities 357 42
Effect of foreign exchange rate on cash 9 (8)
Net change in cash 89 (96)
Cash, beginning of period 327 440
Cash, end of period $ 416 $ 344