Loews Corporation

Loews Corporation stands as one of America's most enduring diversified holding companies, tracing its remarkable journey from a single resort hotel investment in 1946 to a multi-billion dollar enterprise spanning insurance, energy infrastructure, hospitality, and packaging industries. Founded by brothers Laurence and Robert Tisch, who began with a $125,000 investment in a Lakewood, New Jersey resort hotel, the company evolved through strategic acquisitions and disciplined value investing into a conglomerate with over $17 billion in annual revenue. The Tisch brothers' business acumen led them to purchase a controlling interest in Loew's Theatres from MGM in 1959, establishing the foundation of the modern Loews Corporation and securing its listing on the New York Stock Exchange that same year.

Today, Loews Corporation operates as a holding company for four major subsidiaries, each commanding significant market positions in their respective industries. CNA Financial Corporation, the company's largest subsidiary at approximately 92% ownership, ranks among America's top commercial property and casualty insurers with roughly 6,500 employees serving businesses and professionals across the United States, Canada, and Europe. Boardwalk Pipelines, a wholly-owned subsidiary, operates over 14,000 miles of natural gas and natural gas liquids pipelines with 14 storage fields, providing critical energy infrastructure connecting supply sources from Texas and Appalachia to markets across the Midwest, Gulf Coast, and Southeast. Loews Hotels & Co operates a portfolio of 26 properties, including eight hotels at Universal Orlando Resort and major convention center properties in Arlington, Texas. Altium Packaging, in which Loews holds approximately 53%, manufactures rigid plastic containers across 67 facilities throughout North America, serving pharmaceutical, dairy, food, and industrial chemical markets.

The company's financial performance in 2024 demonstrated resilience and growth, with annual revenue reaching $17.51 billion, representing a 10.12% increase from 2023, and net income of $1.414 billion for the full year. Book value per share, excluding accumulated other comprehensive income, increased to $88.18 as of December 31, 2024, from $81.92 the previous year, reflecting consistent value creation for shareholders. The company maintains an active capital management program, repurchasing 7.7 million shares for $611 million in 2024 and an additional 1.9 million shares for $164 million in early 2025. With a market capitalization of $22.29 billion as of late November 2025, Loews Corporation continues its long-standing commitment to disciplined value investing, conservative financial management, and long-term strategic planning.

Under the continued leadership of the Tisch family's third generation, with James S. Tisch serving as President and CEO since 1998, and Jonathan and Andrew Tisch serving as Co-Chairmen of the Board since 2006, Loews Corporation remains true to its founding principles of identifying undervalued assets, investing for the long term, and creating sustainable value across economic cycles. The company's diverse portfolio strategy provides both stability through varied revenue streams and opportunities for growth as each subsidiary pursues expansion initiatives, from Boardwalk's $1.6 billion planned investment in growth projects through 2029 to Loews Hotels' continued expansion in the hospitality sector and CNA Financial's strengthening position in commercial insurance markets.