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    Loews Corp (L)

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    Loews Corporation is a diversified holding company with interests in various industries, primarily through its consolidated operating subsidiaries and segments . The company is significantly involved in commercial property and casualty insurance through its approximately 92% owned subsidiary, CNA Financial Corporation, which is a major contributor to its revenue . Loews also operates in the energy sector with Boardwalk Pipeline Partners, LP, focusing on the transportation and storage of natural gas and natural gas liquids . Additionally, Loews Hotels & Co manages a chain of hotels, and the company holds a substantial interest in Altium Packaging LLC, which specializes in rigid plastic packaging solutions .

    1. CNA Financial Corporation - Engages in commercial property and casualty insurance, significantly contributing to Loews' overall revenue.
    2. Boardwalk Pipeline Partners, LP - Operates in the transportation and storage of natural gas and natural gas liquids.
    3. Loews Hotels & Co - Manages and operates a chain of hotels.
    4. Altium Packaging LLC - Involved in the manufacture of rigid plastic packaging solutions.
    5. Corporate Segment - Represents Loews Corporation excluding its subsidiaries and includes the equity method of accounting for Altium Packaging.
    NamePositionStart DateShort Bio
    Marc A. AlpertSenior Vice President, General Counsel, and Secretary2016Marc A. Alpert has been serving as the Senior Vice President, General Counsel, and Secretary at Loews Corporation since 2016 .
    Richard W. ScottSenior Vice President and Chief Investment Officer2009Richard W. Scott has been the Senior Vice President and Chief Investment Officer at Loews Corporation since 2009. He is currently 70 years old .
    Kenneth I. SiegelSenior Vice President2009Kenneth I. Siegel has been a Senior Vice President at Loews Corporation since 2009 .
    Alexander H. TischVice President, Loews Corporation; President and CEO, Loews Hotels & Co2014Alexander H. Tisch has been Vice President at Loews Corporation since 2014. He became President and CEO of Loews Hotels & Co in January 2023 .
    Benjamin J. TischSenior Vice President, Corporate Development and StrategyMay 2022Benjamin J. Tisch assumed the role of Senior Vice President, Corporate Development and Strategy in May 2022. He is the son of James S. Tisch, the President and CEO of Loews Corporation .
    James S. TischPresident and CEO; Office of the President1981James S. Tisch has been the President and CEO and a member of the Office of the President at Loews Corporation since 1981. He has been a director since 1986 .
    Jonathan M. TischOffice of the President and Co-Chairman of the Board; Executive Chairman1986Jonathan M. Tisch has been a member of the Office of the President and Co-Chairman of the Board since 1986. He served as CEO of Loews Hotels from 2016 until 2022 .
    Jane J. WangSenior Vice President and Chief Financial OfficerMay 10, 2022Jane J. Wang became the Senior Vice President and Chief Financial Officer on May 10, 2022. She was previously a Vice President from 2014 until her promotion .
    1. "Given the increased catastrophe losses impacting CNA's underwriting results, including the anticipated losses from Hurricane Milton ($18 million to $40 million after tax to Loews), how do you plan to mitigate the impact of such events on your combined ratio and overall profitability?"
    2. "With Boardwalk experiencing surging demand and potential growth projects, yet expecting to incur significant capex in a few years , can you elaborate on how this aligns with maintaining distributions to Loews and the potential impact on your cash flow?"
    3. "Loews Hotels reported a net loss of $8 million in the third quarter due to a $15 million after-tax impairment charge and lower occupancy at Orlando properties ; what steps are being taken to address these challenges and improve the performance of your hospitality segment?"
    4. "Regarding the upcoming non-cash charge of $265 million after tax related to the acceleration of unrealized losses in AOCI from the pension liability transfer , can you explain how this will affect your financial statements and what measures you're taking to manage future pension obligations?"
    5. "CNA has been actively de-risking its long-term care reserves through policy buyouts, resulting in short-term losses ; can you discuss the long-term benefits of this strategy and its impact on earnings volatility?"
    YearAmount Due (Millions)Debt TypeInterest Rate (%)% of Total Debt
    2024713Short-term debtN/A7.5% = (713 / 9,534) * 100
    2024600Boardwalk Pipelines 5.0% Notes5.06.3% = (600 / 9,534) * 100
    2034500CNA Financial 5.1% Senior Notes5.15.2% = (500 / 9,534) * 100
    2034600Boardwalk Pipelines 5.6% Notes5.66.3% = (600 / 9,534) * 100
    NameStart DateEnd DateReason for Change
    Deloitte & Touche LLP1969 PresentCurrent auditor