Loews Corporation
American conglomerate / From Wikipedia, the free encyclopedia
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This article is about the conglomerate. For the now-unrelated movie theater chain, see Loews Cineplex Entertainment. For the unrelated home-improvement chain, see Lowe's.
Loews Corporation is an American conglomerate headquartered in New York City. The company's majority-stake holdings include CNA Financial Corporation, Boardwalk Pipeline Partners, Loews Hotels and Altium Packaging.
Quick Facts Company type, Traded as ...
Company type | Public |
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Headquarters | New York City, United States |
Key people |
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Products | insurance, hotels, oil drilling, pipeline transport |
Revenue | US$15.9 billion (2023) |
US$1.99 billion (2023) | |
US$1.43 billion (2023) | |
Total assets | US$79.2 billion (2023) |
Total equity | US$15.7 billion (2023) |
Number of employees | 12,280 (2023) |
Subsidiaries |
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Website | loews |
Footnotes / references [1] |
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The corporation positions itself as a value investor with a long-term focus.[2] In recent years, Loews has also allocated significant capital for share buybacks.[3] In the three years ended December 31, 2012, Loews spent $1.3 billion repurchasing shares. Between 1971 and 2020, the corporation reduced its shares outstanding from 1.3 billion shares to 291 million shares.[4]