Loews Corporation(L)

Leader

Tisch family-controlled conglomerate; 90% CNA Financial stake drives earnings; Boardwalk Pipeline benefits from gas demand; $16.2B FY2024 revenue; patient value-oriented capital allocator.

Updated March 2026

Company Overview

About Loews Corporation

Loews Corporation is a diversified holding company controlled by the Tisch family, headquartered in New York City and trading on NYSE (L). Founded in 1959, Loews has evolved from a tobacco and movie theater conglomerate into a focused financial services, energy infrastructure, and hospitality portfolio. For FY2024, Loews reported approximately $16.2 billion in total revenues, with the majority driven by its approximately 90% stake in CNA Financial Corporation (CNA), one of the largest commercial property and casualty insurers in the United States. CEO James Tisch, who has led the company since 1999, employs a patient, value-oriented capital allocation philosophy that has generated long-term returns through cycles.

Business Model & Competitive Advantage

CNA Financial is the primary earnings engine, underwriting commercial property/casualty insurance across lines including general liability, commercial auto, workers' compensation, specialty, and surety. Boardwalk Pipeline Partners, Loews' wholly owned natural gas pipeline and storage business, operates approximately 14,800 miles of interstate pipeline across the Gulf Coast, Southeast, and Midwest. Loews Hotels & Co manages a collection of approximately 25 owned or partially owned upscale hotels concentrated in resort destinations including the Loews Portofino Bay Hotel at Universal Orlando and properties in Miami Beach, Chicago, and Coronado. The holding company's investment portfolio and parent cash reserves provide M&A flexibility.

Competitive Landscape 2025–2026

In 2025-2026, Loews benefits from CNA's participation in the commercial insurance hard market that began in 2020 and has extended through 2024-2025, with rate increases across property, liability, and specialty lines supporting premium growth and improved combined ratios. Boardwalk Pipeline has capitalized on growing U.S. natural gas demand driven by LNG export facilities and power generation needs from data center buildouts. The Tisch family's controlling shareholder perspective—prioritizing capital preservation and intrinsic value over quarterly EPS—differentiates Loews from pure-play insurers or infrastructure companies and creates a conglomerate discount that buyback programs aim to close.

Founded
1946
Headquarters
Lakewood, New Jersey, United States
Revenue
$16200M
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The Loews Corporation Story

Founded in 1946
Lakewood, New Jersey, United States
Founded by Laurence Tisch, Robert Tisch

Founders

Laurence TischRobert Tisch
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Company Timeline

Major milestones in Loews Corporation's journey

15
Total Events
0
Funding Rounds
7
Acquisitions
0
Product Launches
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Leadership Team

Meet the leaders behind Loews Corporation

James S. Tisch

President, CEO & Director

James Tisch has led Loews Corporation as President and CEO since 1998, representing the third generation of Tisch family leadership. He is a member of the Office of the President and serves on the Board of Directors, continuing the family's legacy of disciplined value investing and long-term strategic planning.

Jonathan M. Tisch

Co-Chairman of the Board & Office of the President

Jonathan Tisch has served as Co-Chairman of the Board since 2006 and is a member of the Office of the President. He brings extensive experience in hospitality and corporate governance, helping guide the company's strategic direction and maintaining the Tisch family's commitment to value creation.

Andrew H. Tisch

Co-Chairman of the Board & Office of the President

Andrew Tisch has served as Co-Chairman of the Board since 2006 and is a member of the Office of the President. He works alongside his cousins James and Jonathan to provide strategic leadership and ensure continuity of the founding family's investment philosophy and business principles.

Jane Wang

Senior Vice President & Chief Financial Officer

Jane Wang has served as Senior Vice President and CFO of Loews Corporation since 2022. She is responsible for all financial operations, reporting, treasury functions, and capital allocation strategies, playing a key role in the company's financial discipline and shareholder value creation.

Richard W. Scott

Senior Vice President & Chief Investment Officer

Richard Scott joined Loews as Senior Vice President and Chief Investment Officer in January 2009. With over 15 years at the company, he oversees the corporation's investment portfolio, managing billions in assets and ensuring alignment with the company's value investing principles established by the Tisch brothers.

David B. Edelson

Senior Vice President

David Edelson serves as Senior Vice President of Loews Corporation, contributing to corporate strategy, subsidiary oversight, and key operational initiatives that support the company's diversified business portfolio and long-term value creation objectives.

Marc A. Alpert

Senior Vice President, General Counsel & Corporate Secretary

Marc Alpert serves as Senior Vice President, General Counsel, and Corporate Secretary, providing legal guidance across all corporate activities, ensuring regulatory compliance, managing risk, and supporting the board of directors in governance matters.

Open Positions

Reddit Discussions

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Key Differentiators

Market Leader

Loews Corporation is recognized as a market leader in the Consumer Finance sector, demonstrating strong industry presence and customer trust.

Enterprise Scale

With $16200M in revenue, Loews Corporation operates at enterprise scale with proven market validation.

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