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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 .
- CNA Financial Corporation - Engages in commercial property and casualty insurance, significantly contributing to Loews' overall revenue.
- Boardwalk Pipeline Partners, LP - Operates in the transportation and storage of natural gas and natural gas liquids.
- Loews Hotels & Co - Manages and operates a chain of hotels.
- Altium Packaging LLC - Involved in the manufacture of rigid plastic packaging solutions.
- Corporate Segment - Represents Loews Corporation excluding its subsidiaries and includes the equity method of accounting for Altium Packaging.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Jane J. Wang Executive | Senior Vice President and CFO | None | Became CFO in 2022; previously served as Vice President of Loews Corporation from 2014 to 2022. | |
Kenneth I. Siegel Executive | Senior Vice President | None | Serving as Senior Vice President since 2009; no additional roles or achievements specified in the documents. | |
Marc A. Alpert Executive | Senior Vice President, General Counsel, and Secretary | None | Serving as General Counsel and Secretary since 2016; provides legal oversight for Loews Corporation. | |
Richard W. Scott Executive | Senior Vice President and CIO | None | Became an executive officer in 2009; oversees investment strategies for Loews Corporation. | |
Ann E. Berman Board | Director | Chair of the Board of Immuneering Corporation | Former CFO of Harvard University; financial expert with extensive experience in managing large investment portfolios. | |
Anthony Welters Board | Director | CEO of CINQ Care Inc.; Executive Chairman of BlackIvy Group; Director at Gilead Sciences, Inc. | Founder of CINQ Care Inc.; extensive experience in healthcare and investment sectors; former senior executive at UnitedHealth Group. | |
Charles D. Davidson Board | Director | Partner at Quantum Energy Partners | Former CEO and Chairman of Noble Energy Inc.; brings expertise in the energy sector, particularly relevant to Loews' subsidiary Boardwalk Pipelines. | |
Charles M. Diker Board | Director | Chairman of Diker Management LLC | Chairman of Diker Management LLC; former Chairman of Cantel Medical Corp. | |
James S. Tisch Board | Chairman of the Board | Director at CNA Financial Corporation | Former President and CEO of Loews Corporation (retired December 31, 2024); extensive knowledge of Loews operations and strategic direction. | |
Jonathan C. Locker Board | Director | President of Tiger Management | Former Partner at Tiger Global Management; manages a personal family office with diverse investments. | |
Paul J. Fribourg Board | Lead Independent Director | CEO of Continental Grain Company; Director at Estee Lauder Companies, Inc. | Extensive experience in agribusiness and investments; CEO of Continental Grain Company since 1997. | |
Susan P. Peters Board | Director | Director at Hydrofarm Holdings Group, Inc. | Former Senior Vice President of Human Resources at General Electric; expertise in talent management and leadership development. | |
Walter L. Harris Board | Director | None | Former CEO of FOJP Service Corporation and Chairman of Watford Holdings Ltd.; audit committee financial expert. |
- "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?"
- "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?"
- "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?"
- "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?"
- "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?"
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Bayou Ethane Acquisition | 2023 | Boardwalk Pipelines (a Loews Corporation subsidiary) completed the acquisition on September 29, 2023 by paying $348 million in cash to Williams Field Services Group, LLC, which included an approximately 380-mile ethane pipeline system and additional pipelines carrying ammonia and hydrogen chloride; the deal, funded from Boardwalk’s balance sheet, strategically complements its gas liquids business and features a detailed purchase price allocation with portions assigned to property, plant, and equipment, intangible assets, and liabilities. |
Recent press releases and 8-K filings for L.
- Loews Corp reported Q1 2025 net income of $370 million and EPS of $1.74, compared to Q1 2024 figures of $457 million and $2.05 per share, driven by lower underwriting income from CNA and reduced earnings from hotels and parent investments
- The company repurchased 5.1 million common shares for $429 million since December 31, 2024, underscoring active capital allocation and a reduction in outstanding shares
- Segment performance revealed CNA’s net income dropping from $310 million to $252 million, while Boardwalk Pipelines delivered $152 million in net income with improved EBITDA of $346 million supported by higher re-contracting rates and growth projects
- Subsidiaries provided $686 million in dividends in Q1 2025, reinforcing a consistent dividend policy
- The firm maintained robust liquidity with $3.5 billion in cash and investments
- Book value per share, excluding AOCI, increased to $89.74 as of March 31, 2025, highlighting enhanced financial strength