Loews Corporation is a holding company with subsidiaries engaged in commercial property and casualty insurance, transportation and storage of natural gas and natural gas liquids, and the operation of a chain of hotels. The company's primary revenue streams are derived from its insurance operations (CNA Financial Corporation), natural gas pipeline operations (Boardwalk Pipeline Partners, LP), and hotel operations (Loews Hotels Holding Corporation). Loews operates primarily in the United States and Canada.

• Employees: 12,280 (as of December 31, 2023)
• Geographic Footprint: Primarily United States and Canada
• Headquarters: New York, NY
• Founded: 1969
• Revenue: $15.9 billion (FY2023)
• Key Subsidiaries/Brands: CNA Financial Corporation, Boardwalk Pipeline Partners, LP, Loews Hotels Holding Corporation, Altium Packaging LLC

• CEO: James S. Tisch
• CFO: Jane J. Wang
• Board Chair: Jonathan M. Tisch
• Other Key Executives: Alexander H. Tisch (President and CEO, Loews Hotels & Co), Benjamin J. Tisch (Senior Vice President, Corporate Development and Strategy), Marc A. Alpert (Senior Vice President, General Counsel and Secretary), Richard W. Scott (Senior Vice President and Chief Investment Officer), Kenneth I. Siegel (Senior Vice President)

All executive officers, except Alexander H. Tisch, Benjamin J. Tisch and Jane J. Wang, have served in their current roles at Loews Corporation for at least the past five years. Alexander H. Tisch has served as Vice President, Loews Corporation, since 2014. He has also served as an officer of Loews Hotels & Co since June 2017, where he was Executive Vice President, Chief Commercial and Development Officer from June 2017 until September 2020, President from September 2020 until December 2022, and President and Chief Executive Officer since January 2023. Benjamin J. Tisch and Jane J. Wang each served as a Vice President of Loews Corporation from 2014 until assuming their current roles in May 2022.

• Annual Revenue: $15.9 billion (FY2023)
• Net Income: $1.4 billion (FY2023)
• Total Assets: $79.2 billion (as of December 31, 2023)
• Employees: 12,280 (as of December 31, 2023)
• Key Financial Highlights: Net income attributable to Loews Corporation for 2023 was $1.4 billion, or $6.29 diluted net income per share.

Loews Corporation's main product categories and service lines include:

• Commercial Property and Casualty Insurance: CNA provides commercial property and casualty coverages, including surety, warranty, risk management, information services and claims administration.
• Transportation and Storage of Natural Gas and NGLs: Boardwalk Pipelines transports and stores natural gas and natural gas liquids, and provides ethane supply and transportation services.
• Operation of Hotels: Loews Hotels & Co operates a chain of hotels, with a mix of owned, joint venture and managed properties.
• Rigid Plastic Packaging Solutions: Altium Packaging manufactures rigid plastic packaging solutions.

Loews Corporation operates through four reportable segments:

• CNA Financial Corporation: 83.6% of consolidated revenue (FY2023)
• Boardwalk Pipeline Partners, LP: 10.3% of consolidated revenue (FY2023)
• Loews Hotels Holding Corporation: 5.4% of consolidated revenue (FY2023)
• Corporate: Primarily consists of Loews Corporation excluding its subsidiaries and the operations of Altium Packaging LLC.

Loews Corporation's strategy focuses on maintaining strong operations in its core businesses, including insurance, energy and hospitality. Key strategic initiatives include:

• Growing and diversifying its businesses through strategic acquisitions and investments.
• Investing in technology and innovation to improve operational efficiency and customer experience.
• Maintaining a disciplined approach to capital allocation.
• Focusing on long-term value creation for shareholders.

Loews Corporation operates in the insurance, energy and hospitality industries. Key market trends affecting the business include:

• Insurance: Intense competition, evolving regulatory landscape, and exposure to natural and man-made disasters.
• Energy: Fluctuations in energy commodity prices, regulatory changes and increased focus on climate change.
• Hospitality: Seasonal and cyclical volatility, high level of competition and changing consumer preferences.

Major competitors include numerous stock and mutual insurance companies, other natural gas pipeline operators, and other hotel chains.

• Market Risks: Competition in insurance and hospitality, fluctuations in energy prices, and changes in consumer preferences.
• Operational Risks: Potential disruptions to operations due to cyber attacks, natural disasters, and pandemics.
• Financial Risks: Credit risk with customers and counterparties, interest rate risk, and the need to maintain adequate capital levels.
• Regulatory Risks: Extensive government regulations in the insurance, energy and transportation sectors.
• Legal Risks: Exposure to litigation and potential adverse outcomes.