Loews Corporation
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Company Profile
Corporation
Parent
Doing Business As
Loews
Website
Address
Phone
(212) 521-2000
Company Description
When it comes to diversification, Loews definitely has the low-down. The holding company's main interest is insurance through publicly traded subsidiary CNA Financial, which offers commercial property casualty coverage. It also owns hotels in the US and Canada through its Loews Hotels subsidiary. The group's energy holdings include contract oil-drilling operator Diamond Offshore Drilling, and interstate natural gas transmission pipeline systems operator Boardwalk Pipeline. Loews is controlled and run by the Tisch family, including co-chairmen and cousins Andrew and Jonathan.
Key Principal
James S Tisch
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Industry
Insurance Carriers
Support Activities for Mining
Pipeline Transportation of Natural Gast
Traveler Accommodation
Property damage insurance
Fire, marine, and casualty insurance: stock
Life insurance carriers
Drilling oil and gas wells
Pipelines, natural gas
Hotels
See all industries
Ranking
#239
Fortune 1000 Revenue Rank
Financial Statements
Financial data as of December 31, 2020 (12 month period) in USD
Annual Revenue 2020
$13.67 billion USD
Dun & Bradstreet collects private company financials for more than 23 million companies worldwide. Find out more.
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2020 | 2019 | 2018 |
|---|---|---|---|
| Net Operating Cash | $1,745 | $1,741 | $4,222 |
| Net Investing Cash | -$1,414 | -$671 | -$1,444 |
| Net Financing Cash | -$198 | -$1,144 | -$2,835 |
| Net Change in Cash | $133 | -$74 | -$57 |
| Cash at Beginning of Period | $336 | $405 | $472 |
| Cash at End of Period | $478 | $336 | $405 |
| Capital Expenditure | -$710 | -$1,041 | -$995 |
| Assets (mil) | 2020 | 2019 | 2018 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $478 | $336 | $405 |
| Accounts Receivable | $7,097 | $6,660 | $6,791 |
| Inventories | $ | $ | $ |
| Other Current Assets | $ | $ | $ |
| Asset Summary | |||
| TOTAL CURRENT ASSETS | $ | $ | $ |
| Tangible Fixed Assets | $10,451 | $15,568 | $15,511 |
| Intangible Assets | $610 | $647 | $611 |
| Total Assets | $80,236 | $82,243 | $78,316 |
| Liabilities (mil) | 2020 | 2019 | 2018 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $92 | $108 | $42 |
| Short-Term Debt | $37 | $77 | $17 |
| Other Current Liabilities | $ | $ | $ |
| Liability Summary | |||
| Total Current Liabilities | $ | $ | $ |
| Long-Term Debt | $10,072 | $11,456 | $11,359 |
| Other Long-Term Liabilities | $ | $ | $ |
| Total Liabilities | $61,055 | $60,313 | $56,930 |
| Stakeholder's Equity (mil) | 2020 | 2019 | 2018 |
|---|---|---|---|
| Equity | |||
| Common Stock | $3 | $3 | $3 |
| Retained Earnings | $14,150 | $15,823 | $15,773 |
| Equity Summary | |||
| Total Equity | $17,860 | $19,119 | $18,518 |
| Shares Outstanding | 269,210,973 | 290,970,222 | 312,069,189 |
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Company Snapshot
Essential information for a successful call
-
EMPLOYEES (This Site)
125
-
EMPLOYEES (All Sites)
12,200
- ASSETS (MIL USD) 80,236
-
REVENUE (MIL USD)
13,667
- TICKER SYMBOL L
- Year Started 1954
- Incorporated 1969
- FISCAL YEAR END DEC
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James S TischPresident and Chief Executive Officer
-
ANDREW H TISCHCo-President and Chairman of the Board
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JONATHAN M TISCHCo-Chairman of the Board
-
DAVID B EDELSONSenior Vice President and Chief Financial Officer
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