Loews Corporation (L) Bundle
A Brief History of Loews Corporation (L)
Company Overview
Loews Corporation (NYSE: L) is a diversified holding company with operations in multiple industries as of 2024.
| Metric | Value |
|---|---|
| Market Capitalization | $19.3 billion |
| Headquarters | New York City, NY |
| Founded | 1960 |
| CEO | James S. Tisch |
Business Segments
- Boardwalk Pipelines
- Loews Hotels
- CNA Financial
- Diamond Offshore Drilling
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $12.7 billion |
| Net Income | $1.3 billion |
| Total Assets | $76.4 billion |
Ownership Structure
Tisch Family Controls approximately 24.5% of outstanding shares.
Key Subsidiaries Financial Details
| Subsidiary | 2023 Revenue |
|---|---|
| CNA Financial | $8.2 billion |
| Boardwalk Pipelines | $1.5 billion |
| Loews Hotels | $820 million |
A Who Owns Loews Corporation (L)
Major Shareholders
As of 2024, the Tisch family maintains significant ownership of Loews Corporation through direct and indirect holdings.
| Shareholder | Ownership Percentage |
|---|---|
| Tisch Family | 34.5% |
| Institutional Investors | 52.3% |
| Public Float | 13.2% |
Key Family Shareholders
- Jonathan Tisch - Director
- James Tisch - President and CEO
- Andrew Tisch - Chairman of Executive Committee
Institutional Ownership Details
| Top Institutional Investors | Shares Owned |
|---|---|
| Vanguard Group | 8,234,567 shares |
| BlackRock Inc. | 6,987,432 shares |
| State Street Corporation | 4,567,890 shares |
Ownership Breakdown
Total Outstanding Shares: 231,456,789
Market Capitalization: $8.4 billion
Loews Corporation (L) Mission Statement
Corporate Overview
Loews Corporation (NYSE: L) is a diversified holding company with $22.1 billion in total assets as of Q4 2023.
Business Segments
| Segment | Revenue 2023 | Ownership Percentage |
|---|---|---|
| Boardwalk Pipelines | $1.45 billion | 100% |
| Loews Hotels | $789 million | 100% |
| CNA Financial | $11.6 billion | 90% |
Strategic Objectives
- Maintain diversified investment portfolio
- Generate consistent shareholder returns
- Pursue strategic growth opportunities
Financial Performance
2023 Key Financial Metrics:
- Net Income: $1.2 billion
- Total Revenue: $14.8 billion
- Market Capitalization: $15.3 billion
Leadership
CEO: Jonathan M. Tisch (as of 2024)
How Loews Corporation (L) Works
Corporate Structure
Loews Corporation is a diversified holding company with investments across multiple industries as of 2024.
| Business Segment | Ownership Percentage | Revenue (2023) |
|---|---|---|
| CNA Financial | 90% | $11.5 billion |
| Boardwalk Pipelines | 100% | $1.2 billion |
| Loews Hotels | 100% | $658 million |
Financial Performance
Loews Corporation reported total revenue of $13.9 billion in 2023.
- Market Capitalization: $17.4 billion
- Total Assets: $62.3 billion
- Net Income: $1.1 billion
Key Business Segments
The corporation operates through four primary business segments:
| Segment | Primary Business | Annual Revenue |
|---|---|---|
| CNA Financial | Commercial Property & Casualty Insurance | $11.5 billion |
| Boardwalk Pipelines | Natural Gas Transportation | $1.2 billion |
| Loews Hotels | Hospitality Services | $658 million |
| Diamond Offshore | Offshore Drilling Services | $441 million |
Ownership and Leadership
The Tisch family controls approximately 35% of Loews Corporation's voting power.
- CEO: Jonathan Tisch
- Chairman: James Tisch
- Founded: 1960
Stock Performance
Loews Corporation (NYSE: L) stock price as of January 2024: $62.45
- 52-week High: $71.17
- 52-week Low: $55.23
- Dividend Yield: 1.8%
How Loews Corporation (L) Makes Money
Business Segments
Loews Corporation generates revenue through five primary business segments:
| Segment | 2023 Revenue | Primary Business |
|---|---|---|
| CNA Financial | $11.6 billion | Commercial property and casualty insurance |
| Boardwalk Pipelines | $1.2 billion | Natural gas transportation and storage |
| Loews Hotels | $759 million | Hotel ownership and management |
| Altium Packaging | $1.8 billion | Plastic packaging manufacturing |
CNA Financial Revenue Sources
- Commercial insurance premiums: $8.4 billion
- Specialty insurance lines: $2.1 billion
- Investment income: $1.1 billion
Financial Performance
Loews Corporation reported total revenues of $15.4 billion in 2023, with net income of $1.2 billion.
Investment Portfolio
Total investment portfolio value as of Q4 2023: $41.3 billion
| Investment Category | Value |
|---|---|
| Fixed Maturity Securities | $32.6 billion |
| Equity Securities | $5.7 billion |
| Short-Term Investments | $3 billion |
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