Loews Corporation

This article is about the conglomerate. For the now-unrelated movie theater chain, see Loews Cineplex Entertainment. For the unrelated home-improvement chain, see Lowe's.
Loews Corporation
Company typePublic
HeadquartersNew York City, United States
Key people
Productsinsurance, hotels, oil drilling, pipeline transport
RevenueIncrease US$15.9 billion (2023)
Increase US$1.99 billion (2023)
Increase US$1.43 billion (2023)
Total assetsIncrease US$79.2 billion (2023)
Total equityIncrease US$15.7 billion (2023)
Number of employees
12,280 (2023)
Subsidiaries
Websiteloews.com
Footnotes / references
[1]

Loews Corporation is an American conglomerate headquartered in New York City. The company's majority-stake holdings include CNA Financial Corporation, Boardwalk Pipeline Partners, Loews Hotels and Altium Packaging.

The corporation positions itself as a value investor with a long-term focus.[2] In recent years, Loews has also allocated significant capital for share buybacks.[3] In the three years ended December 31, 2012, Loews spent $1.3 billion repurchasing shares. Between 1971 and 2020, the corporation reduced its shares outstanding from 1.3 billion shares to 291 million shares.[4]

  1. ^ "2023 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 6, 2024.
  2. ^ Loews Company Overview March 2013 http://www.loews.com/; Winans, Christopher. The King of Cash: The Inside Story of Laurence Tisch. New York: Wiley, 1995, p. 47-48
  3. ^ Value Investing: The Loews Way http://www.loews.com/. Retrieved 2013-04-01
  4. ^ Loews Company Overview January 2020 http://www.loews.com/