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Loews Corporation (L)

NYSE - NYSE Delayed Price. Currency in USD
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36.69-0.30 (-0.81%)
At close: 4:00PM EDT

Loews Corporation

667 Madison Avenue
New York, NY 10065-8087
United States
212-521-2000
http://www.loews.com

Sector(s)Financial Services
IndustryInsurance—Property & Casualty
Full-time employees18,605

Key executives

NameTitlePayExercisedYear born
Mr. Andrew H. TischCo-Chairman3.73M1.03M1949
Mr. Jonathan M. TischCo-Chairman4.12M1.03M1954
Mr. James S. TischPres, CEO & Director4.82M1.03M1953
Mr. David B. EdelsonSr. VP & CFO4.62M1.48M1959
Mr. Kenneth I. SiegelSr. VP4.44M368.48k1957
Amounts are as of 31 December 2019, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Loews Corporation provides commercial property and casualty insurance in the United States and internationally. It operates through five segments: CNA Financial Corporation; Diamond Offshore Drilling, Inc.; Boardwalk Pipeline Partners, LP; Loews Hotels Holding Corporation; and Corporate segments. The company offers specialty insurance products, such as management and professional liability coverages and products; and surety and fidelity bonds. It also provides commercial property insurance products that include property, marine, and boiler and machinery coverages; casualty insurance products comprising workers' compensation, general and product liability, commercial auto, and umbrella coverages; loss-sensitive insurance programs; and warranty, risk management, information, and claims administration services. The company markets its insurance products and services through independent agents, brokers, and managing general underwriters. In addition, it offers contract drilling services through a fleet of 15 offshore drilling rigs consisting of 4 drillships and 11 semisubmersible rigs. Further, the company is involved in the transportation and storage of natural gas and natural gas liquids (NGLs) through natural gas pipelines covering approximately 13,610 miles of interconnected pipelines; 455 miles of NGL pipelines in Louisiana and Texas; and 14 underground storage fields with an aggregate gas capacity of approximately 205 billion cubic feet of natural gas. Additionally, the company operates a chain of 26 hotels; and develops, manufactures, and markets a range of extrusion blow-molded and injection molded plastic containers for customers in the pharmaceutical, dairy, household chemicals, food/nutraceuticals, industrial/specialty chemicals, and water and beverage/juice segments, as well as manufactures commodity and differentiated plastic resins from recycled plastic materials. Loews Corporation was incorporated in 1969 and is headquartered in New York, New York.

Corporate governance

Loews Corporation’s ISS governance QualityScore as of 9 December 2019 is 9. The pillar scores are Audit: 1; Board: 10; Shareholder rights: 5; Compensation: 8.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.