OverviewSuggest Edit

Loews is a holding company with businesses in the insurance, energy, hospitality, and packaging industries. Its consolidated subsidiaries are CNA Financial, Boardwalk Pipelines, Loews Hotels, and Altium Packaging.

TypePublic
Founded1969
HQNew York, NY, US
Websiteloews.com
Employee Ratings3.2
Overall CultureC+

Latest Updates

Employees (est.) (Dec 2020)12,200(-34%)
Revenue (FY, 2020)$12.6 B(-15%)
Share Price (Jul 2021)$53.6
Cybersecurity ratingAMore

Key People/Management at Loews

James S. Tisch

James S. Tisch

President and Chief Executive Officer, Director
Andrew H. Tisch

Andrew H. Tisch

Co-Chairman of the Board, and Chairman of the Executive Committee
Jonathan M. Tisch

Jonathan M. Tisch

Co-Chairman of the Board, and Chairman, Loews Hotels
Marc A. Alpert

Marc A. Alpert

Senior Vice President, General Counsel and Corporate Secretary
David B. Edelson

David B. Edelson

Senior Vice President and Chief Financial Officer
Richard W. Scott

Richard W. Scott

Senior Vice President and Chief Investment Officer
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Loews Office Locations

Loews has an office in New York
New York, NY, US (HQ)
667 Madison Ave
Show all (1)

Loews Financials and Metrics

Loews Revenue

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Loews's revenue was reported to be $12.58 b in FY, 2020 which is a 15.7% decrease from the previous period.
USD

Revenue (Q1, 2021)

3.6b

Gross profit (Q1, 2021)

3.6b

Gross profit margin (Q1, 2021), %

100%

Net income (Q1, 2021)

293.0m

Market capitalization (30-Jul-2021)

14.1b

Closing stock price (30-Jul-2021)

53.6

Cash (31-Mar-2021)

660.0m

EV

22.6b
Loews's current market capitalization is $14.1 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

14.1b14.9b12.6b

Revenue growth, %

6%(16%)

Cost of goods sold

5.6b1.1b6.2b

Gross profit

8.5b13.8b6.4b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

3.8b3.6b3.7b3.1b2.3b3.5b3.6b

Cost of goods sold

1.4b1.4b1.6b1.4b1.6b1.6b1.5k

Gross profit

2.4b2.3b2.1b1.7b668.0m1.8b3.6b

Gross profit Margin, %

64%63%56%54%29%53%100%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

405.0m336.0m478.0m

Accounts Receivable

8.0b7.7b7.8b

PP&E

15.5b15.6b10.5b

Goodwill

665.0m767.0m785.0m
Quarterly
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

706.0m871.0m(1.3b)

Depreciation and Amortization

912.0m943.0m734.0m

Cash From Operating Activities

4.2b1.7b1.7b

Purchases of PP&E

(995.0m)(1.0b)(710.0m)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

396.0m621.0m660.0m(1.0b)(1.9b)(1.7b)293.0m

Cash From Operating Activities

81.0m474.0m1.3b329.0m440.0m1.3b134.0m

Purchases of PP&E

(223.0m)(505.0m)(743.0m)(233.0m)(440.0m)(584.0m)(87.0m)

Cash From Investing Activities

300.0m44.0m(484.0m)427.0m(325.0m)(1.1b)306.0m
USDFY, 2018

EV/CFO

3.3 x

Revenue/Employee

785.8k

Financial Leverage

3.7 x

P/E Ratio

22.9
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Loews Operating Metrics

Loews's Backlog was reported to be $1.6b in FY, 2019.
FY, 2018FY, 2019FY, 2020

Backlog

$2 b$1.6 b

Length Of NGL Pipelines (Boardwalk Pipeline Partners, LP), miles

425445445

Length Of Natural Gas Pipelines (Boardwalk Pipeline Partners, LP), miles

13.81 k13.61 k13.65 k

Natural Gas Transported (Boardwalk Pipeline Partners, LP), tcf

2.72.93.2
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Loews Acquisitions / Subsidiaries

Company NameDateDeal Size
Altium PackagingApril 11, 2017$1.2 b
Altium Packaging LLC
American Casualty Company of Reading, Pennsylvania
Boardwalk Pipeline Partners, LP
Boardwalk Pipelines, LP
CNA Europe Holdings Limited
CNA Financial Corporation
CNA Insurance Company (Europe) S.A.
CNA Insurance Company Limited
CNA National Warranty Corporation
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Loews Revenue Breakdown

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Loews revenue breakdown by business segment: 10.2% from Boardwalk Pipeline, 85.2% from CNA Financial and 4.6% from Other

Loews Cybersecurity Score

Cybersecurity ratingPremium dataset

A

91/100

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Loews Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Loews Online and Social Media Presence

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Loews Company Culture

  • Overall Culture

    C+

    67/100

  • CEO Rating

    C

    65/100

  • Compensation

    D+

    57/100

  • Diversity

    F

    42/100

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Loews News and Updates

Loews Corporation Reports Net Income Of $261 Million For The First Quarter Of 2021

NEW YORK, May 3, 2021 /PRNewswire/ -- Loews Corporation (NYSE:L) today reported net income of $261 million, or $0.97 per share, for the first quarter of 2021 compared to a net loss of $632 million, or $2.20 per share, in the first quarter of 2020. Loews's strong net income for the first...

Loews Corporation Reports Net Income Of $397 Million For The Fourth Quarter Of 2020

NEW YORK, Feb. 8, 2021 /PRNewswire/ -- Loews Corporation (NYSE: L) today reported net income of $397 million, or $1.45 per share, for the quarter ended December 31, 2020, compared to net income of $217 million, or $0.73 per share, in the fourth quarter of 2019. For the full year, Loews...

Loews Corporation Reports Net Loss Of $835 Million For The Second Quarter Of 2020

NEW YORK, Aug. 3, 2020 /PRNewswire/ -- Loews Corporation (NYSE: L) today reported a net loss of $835 million, or $2.96 per share, for the three months ended June 30, 2020, compared to net income of $249 million, or $0.82 per share, in the second quarter of 2019. Net loss for the six...

Loews Corporation Announces Quarterly Dividend on Common Stock

NEW YORK, Feb. 11, 2020 /PRNewswire/ -- Loews Corporation (NYSE: L) announced today the declaration of the Company's quarterly dividend of $0.0625 per share of Common Stock, payable March 10, 2020 to shareholders of record as of the close of business on February 26, 2020. Loews...

Loews Corporation Reports Net Income Of $932 Million For 2019

NEW YORK, Feb. 10, 2020 /PRNewswire/ -- Loews Corporation (NYSE: L) today reported net income for the year ended December 31, 2019 of $932 million, or $3.07 per share, compared to $636 million, or $1.99 per share, in 2018. For the three months ended December 31, 2019, Loews reported net...

Arlington City Council Approves $810 Million Transformative Development Project, Anchored By The 888-Room Loews Arlington Hotel And New Arlington Convention Center

ARLINGTON, Texas, Dec. 17, 2019 /PRNewswire/ -- Arlington continues to build on its economic momentum with a planned $810 million expansion of the Entertainment District, which would add a best-in-class hotel brand, new convention center, corporate office headquarters, mixed-use...
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Loews Blogs

Loews Corporation to Release Second Quarter 2021 Results on August 2, 2021

NEW YORK , July 20, 2021 /PRNewswire/ --  Loews Corporation (NYSE: L) will report second quarter 2021 financial results on Monday, August 2, 2021 . The conference call for investors will begin at 10:00 a.m. ET and will be hosted by the Company's chief executive officer, James S.

Loews Corporation to Release First Quarter 2021 Results on May 3, 2021

Loews Corporation to Release First Quarter 2021 Results on May 3, 2021 Content Import Tue, 04/20/2021 - 10:00 Loews Corporation to Release First Quarter 2021 Results on May 3, 2021 04/20/21 This release is a backfill from a News Wire General …

Loews Corporation Adds GIC as Partner in its Packaging Subsidiary

Loews Corporation Adds GIC as Partner in its Packaging Subsidiary Content Import Fri, 03/12/2021 - 08:10 Loews Corporation Adds GIC as Partner in its Packaging Subsidiary 03/12/21 This release is a backfill from a News Wire General GI…

Loews Corporation to Release Fourth Quarter 2020 Results on February 8, 2021

NEW YORK , Jan. 26, 2021 /PRNewswire/ --  Loews Corporation (NYSE: L) will report fourth quarter 2020 financial results on Monday, February 8, 2021 . The conference call for investors will begin at 10:00 a.m. ET and will be hosted by the Company's chief executive officer, James S.

Loews Corporation Reports Net Income of $139 Million for the Third Quarter of 2020

NEW YORK , Nov. 2, 2020 /PRNewswire/ -- Loews Corporation (NYSE: L) today reported net income of $139 million , or $0.50 per share, for the three months ended September 30, 2020 , compared to net income of $72 million , or $0.24 per share, in the third quarter of 2019.

Loews Corporation to Release Third Quarter 2020 Results on November 2, 2020

NEW YORK , Oct. 20, 2020 /PRNewswire/ --  Loews Corporation (NYSE: L) will report third quarter 2020 financial results on Monday, November 2, 2020 . The conference call for investors will begin at 10:00 a.m. ET and will be hosted by the Company's chief executive officer, James S.

Loews Frequently Asked Questions

  • When was Loews founded?

    Loews was founded in 1969.

  • Who are Loews key executives?

    Loews's key executives are James S. Tisch, Andrew H. Tisch and Jonathan M. Tisch.

  • How many employees does Loews have?

    Loews has 12,200 employees.

  • What is Loews revenue?

    Latest Loews annual revenue is $12.6 b.

  • What is Loews revenue per employee?

    Latest Loews revenue per employee is $1 m.

  • Who are Loews competitors?

    Competitors of Loews include Transocean, AIG and Markel Corporation.

  • Where is Loews headquarters?

    Loews headquarters is located at 667 Madison Ave, New York.

  • Where are Loews offices?

    Loews has an office in New York.

  • How many offices does Loews have?

    Loews has 1 office.