Loews Corporation is a diversified company, providing commercial property and casualty insurance. The Company offers management and professional liability insurance and risk management services, and other specialized property and casualty coverages, commercial surety and fidelity bonds, and warranty and alternative risk services. It also provides a portfolio of commercial property and casualty insurance products. The Company also offers loss-sensitive insurance programs, and information and claims administration services. In addition, the Company owns and operates offshore drilling rigs and is involved in the transportation and storage of natural gas and natural gas liquids. It owns and operates natural gas pipelines and underground storage fields. Additionally, it operates 24 hotels in the United States and Canada.

Type
Public
HQ
New York, US
Founded
1954
Size (employees)
18,100 (est)+15%
Website
loews.com
Loews Corporation was founded in 1954 and is headquartered in New York, US
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Key People/Management at Loews Corporation

James Tisch

James Tisch

Office of the President, President and Chief Executive Officer
Andrew Tisch

Andrew Tisch

Office of the President, Co-Chairman of the Board, and Chairman of the Executive Committee
Jonathan Tisch

Jonathan Tisch

Office of the President, Co-Chairman of the Board, and Chairman and CEO, Loews Hotels
Marc Alpert

Marc Alpert

Senior Vice President, General Counsel and Corporate Secretary
David Edelson

David Edelson

Senior Vice President and Chief Financial Officer
Richard Scott

Richard Scott

Senior Vice President and Chief Investment Officer
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Loews Corporation Office Locations

Loews Corporation has offices in New York, Houston and Chicago
New York, US (HQ)
667 Madison Ave
Chicago, US
333 S Wabash Ave
Houston, US
Greenway Plaza
Houston, US
Katy Fwy
New York, US
Madison Ave
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Loews Corporation Financials and Metrics

Loews Corporation Financials

Loews Corporation's revenue was reported to be $13.11 b in FY, 2016 which is a 2.3% decrease from the previous period.
USD

Net income (Q1, 2018)

380 m

Market capitalization (25-May-2018)

15.9 b

Closing share price (25-May-2018)

49.7

Cash (31-Mar-2018)

451 m

EV

15.6 b
Loews Corporation's current market capitalization is $15.9 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

14.6 b14.3 b13.4 b13.1 b

Revenue growth, %

(2%)(6%)(2%)

Interest expense

442 m498 m520 m536 m646 m

Pre tax profit

2.3 b1.8 b244 m936 m1.6 b
Quarterly
USDQ1, 2018

Interest expense

141 m

Pre tax profit

405 m

Income tax expense

(25 m)

Net Income

380 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

295 m364 m440 m327 m472 m

Accounts Receivable

7.6 b

Inventories

50.7 b52.2 b

Goodwill

357 m374 m351 m346 m659 m
Quarterly
USDQ1, 2018

Cash

451 m

Accounts Receivable

7.9 b

Inventories

51.1 b

Goodwill

661 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

1.1 b962 m287 m716 m1.4 b

Depreciation and Amortization

841 m874 m

Purchases of PP&E

(235 m)(448 m)(157 m)(79 m)(1.2 b)

Dividends Paid

(97 m)(95 m)(90 m)(84 m)(84 m)
Quarterly
USDQ1, 2018

Net Income

380 m

Purchases of PP&E

(230 m)

Dividends Paid

(20 m)
USDY, 2018

Financial Leverage

3.4 x
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Loews Corporation Operating Metrics

FY, 2014FY, 2015FY, 2016

Branches

15 19 17

Locations

49 49 49
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Loews Corporation Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Consolidated Container (695)April 11, 2017$1.20 b
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Loews Corporation News and Updates

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