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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.
- "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?"