Company
Loews Corporation
Headquarters: New York, NY, United States
Employees: 10,340
CEO: Mr. James S. Tisch
Market Cap
$15.78 Billion
USD as of Jan. 1, 2024
Loews Corporation Categories
United States Financials Insurance—Property & CasualtyUnited States Financials United States Insurance—Property & Casualty
Company Description
Loews Corporation is a conglomerate company with majority-stake holdings in CNA Financial Corporation, Diamond Offshore Drilling, Boardwalk Pipeline Partners, Loews Hotels, and Consolidated Container Company. Primarily engaged in insurance through CNA Financial Corporation and its subsidiaries, it provides property and casualty insurance for businesses and professionals in the U.S., Canada, Europe, and Asia.
Top Competitors by Market Capitalization
Industry: Insurance—Property & Casualty
| Company | Market Cap (USD) |
|---|---|
| The Progressive Corporation | $95.50 B |
| Chubb Limited | $92.74 B |
| Tokio Marine Holdings, Inc. | $50.24 B |
| The Travelers Companies, Inc. | $43.98 B |
| The Allstate Corporation | $38.86 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| Berkshire Hathaway | $797.77 B |
| Visa | $530.20 B |
| JPMorgan | $495.55 B |
| Mastercard | $392.71 B |
| Bank of America | $267.48 B |
Detailed Description
Loews Corporation provides commercial property and casualty insurance in the United States and internationally. The company offers specialty insurance products, such as management and professional liability, and other coverage products; surety and fidelity bonds; property insurance products that include property, marine and boiler, and machinery coverages; and casualty insurance products, such as workers' compensation, general and product liability, and commercial auto and umbrella coverages. It also provides loss-sensitive insurance programs; and warranty, risk management, information, and claims administration services. The company markets its insurance products and services through independent agents, brokers, and managing general underwriters. In addition, the company is involved in the transportation and storage of natural gas and natural gas liquids(NGLs), and hydrocarbons through natural gas pipelines covering approximately 13,615 miles of interconnected pipelines; 450 miles of NGL pipelines in Louisiana and Texas; 14 underground storage fields with an aggregate gas capacity of approximately 213 billion cubic feet of natural gas; and eleven salt dome caverns and related brine infrastructure for providing brine supply services. Further, the company operates a chain of 26 hotels; and develops, manufactures, and markets a range of extrusion blow-molded and injection molded plastic containers for customers in the pharmaceutical, dairy, household chemicals, food/nutraceuticals, industrial/specialty chemicals, and water and beverage/juice segments, as well as manufactures commodity and differentiated plastic resins from recycled plastic materials. Loews Corporation was incorporated in 1969 and is headquartered in New York, New York.
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Stocks & Indices
Loews Corporation has the following listings and related stock indices.
Stock: NYSE: L wb_incandescent
Stock: Bovespa: L1OE34 wb_incandescent
Stock: FSX: LTR wb_incandescent
Product & Services
insurance, hotels, oil drilling, pipeline transport
Key People
Andrew Tisch, Co-Chairman Jonathan Tisch, Co-Chairman James Tisch, President/ CEO
Financials
Revenue: $13.735 billion USD (FY 2017)
Operating income: $2.294 billion USD (FY 2017)
Net income: 1.412 billion USD (FY 2017)
Total assets: $79.939 billion USD (FY 2017)
Total equity: $19.2041 billion USD (FY 2017)