Loews Corp.

Loews Corp.

Loews Corp.

Overview
Date Founded

1954

Headquarters

667 MADISON AVENUE, NEW YORK, NY, 10065

Type of Company

Public

Employees (Worldwide)

18.6K

Industries

Hotels, Resorts, and Cruiselines
Industrial Machinery & Manufacturing
Holding Companies
Tobacco
Oil & Gas
Insurance: Property & Casualty

Company Description

Loews Corporation is one of the largest diversified holding companies in the United States, with five operating subsidiaries: CNA Financial Corporation, one of the largest U.S. commercial property-casualty insurers; Diamond Offshore Drilling, Inc., one of the world’s largest offshore drilling companies; HighMount Exploration & Production LLC, a domestic natural gas exploration and production company; Boardwalk Pipeline Partners, LP, an operator of interstate natural gas pipeline systems; and Loews Hotels, one of the country’s top luxury lodging companies.

Contact Data
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Executives & Employees

Chief Financial Officer & Senior Vice President

Senior Vice President, Chief Investment Officer

Secretary, Senior Vice President & General Counsel

Chief Accounting Officer & Vice President

Treasurer

Senior Vice President

Vice President

Vice President, Investor Relations & Corporate Communications

Vice President, Tax

Vice President, Risk Management

Board of Directors

Chairman & Chief Executive Officer at Loews Hotels Holding Corp.

President & Chief Executive Officer at Loews Corp.

Managing Partner at Diker Management LLC

Executive Chairman at BlackIvy Group LLC

Former Vice Chairman & Managing Partner of the New York at Ernst & Young LLP

Former Venture Partner at Quantum Energy Partners LLC

Former Senior Vice President, Human Resources at General Electric Company

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Owners & Shareholders
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Established in 2000, Diamond Hill Capital Management, Inc. is a registered investment adviser based in Columbus, Ohio. It is independent and publicly owned, listed on NASDAQ (ticker symbol: DHIL) and included in the Russell 2000 Index. Diamond Hill manages five long-only equity strategies, three alternative equity strategies and a fixed income strategy. Our client base includes institutions, financial intermediaries and individuals. Assets under management as of February 28, 2013 were $10.2 billion.

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David Advisors Davis Advisors manages client accounts using the following investment strategies: Large-Cap Value; Concentrated equity; Multi-cap equity; Financial services; International companies; Global companies; Real estate companies; Appreciation and income; Government securities; and Government money market funds. The firm conducts extensive research to try to identify businesses that possess characteristics they believe foster the creation of long-term value, such as proven management, a durable franchise and business model, and sustainable competitive advantages. Davis Advisors seeks to invest in such businesses when they are trading at discounts to their intrinsic worth. Their goal is to invest for the long-term. The firm considers selling securities if the market price exceeds their estimate of intrinsic value, or if the ratio of the risks and rewards of continuing to own the company's securities is no longer attractive.

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TSW uses a combination of fundamental and quantitative analysis as the basis for their investment processes. Their typical assignments involve a specific strategy, such as \"mid-cap value\" or \"core plus fixed income\" in which they use a variety of equity and/or fixed income processes to select securities that are designed to outperform a specific industry benchmark. In other instances, usually for high net-worth clients, the strategies may be combined in order to produce a \"balanced portfolio\" to meet a specific client asset allocation objective or industry benchmark. TSW's strategies include: Equity (Domestic and International), Strategic High Income, Fixed Income, Custom Balanced, and WPS (long/short equity).

Recent Transactions
Details Hidden

Loews Corp., Boardwalk GP LP purchase Boardwalk Pipeline Partners LP

Details Hidden

Loews Corp., Reid Canada, Inc. purchase Les Emballages Deltapac, Inc. from Desjardins Capital de risque, Inc.

Details Hidden

Walton Street Capital LLC, Waterton Associates LLC, The Madison / Private Group purchase The Madison (Washington) from Loews Corp.

Transaction Advisors
Auditor

Advised onLoews Corp. issued USD Common Stock

Accountant

Advised onLoews Corp., Boardwalk Pipelines LLC purchase Gulf South Pipeline Co. LP from Entergy Corporation, Koch Industries, Inc.

Investment Advisor

Advised onLoews Corp., Boardwalk Pipelines LLC purchase Gulf South Pipeline Co. LP from Entergy Corporation, Koch Industries, Inc.

Legal Advisor

Advised onLoews Corp. purchases Altium Packaging LLC from Bain Capital Private Equity LP

Legal Advisor

Advised onLoews Corp. purchases Altium Packaging LLC from Bain Capital Private Equity LP

Counsel

Advised onLoews Corp. purchases Altium Packaging LLC from Bain Capital Private Equity LP

Advisors & Consultants
Legal Advisor

Partner at Jones Day

Consultant

Paladin Capital Group

Legal Advisor

Partner at Weil, Gotshal & Manges LLP

Clients

Hess Corp is an exploration and production company, which engages in exploration, development, production, transportation, purchase & sale of crude oil, natural gas liquids and natural gas with production operations. It operates through the following segments: Exploration and Production and Midstream. The Exploration and Production segment explores for, develops, produces, purchases and sells crude oil, natural gas liquids and natural gas. The Midstream segment provides fee-based services including crude oil and natural gas gathering, processing of natural gas and the fractionation of natural gas liquids, transportation of crude oil by rail car, terminaling and loading crude oil and natural gas liquids, and the storage and terminaling of propane, primarily in the Bakken shale play of North Dakota. The company was founded by Leon Hess in 1920 and is headquartered in New York, NY.

Occidental Petroleum Corporation (NYSE: OXY) is an international oil and gas exploration and production company with operations in the United States, Middle East and Latin America. Headquartered in Houston, Occidental is one of the largest U.S. oil and gas companies, based on equity market capitalization. Occidental's midstream and marketing segment gathers, processes, transports, stores, purchases and markets hydrocarbons and other commodities. Occidental's wholly owned subsidiary, OxyChem, is a major North American chemical manufacturer.Occidental's success is built on technical expertise, business acumen, strong partnerships and proven ability to deliver lasting results. With approximately 35,000 employees and contractors worldwide at year-end 2015, they are committed to being a Partner of Choice® everywhere they operate. Occidental is committed to respecting the environment, operating safely and upholding high standards of social responsibility throughout the company's worldwide operations.

Entergy Corp. is a holding company, which engages in electric power generation and distribution. It operates through the following segments: Utility, Entergy Wholesale Commodities, and All Other. The Utility segment includes the generation, transmission, distribution, and sale of electric power; and operations of a natural gas distribution business. The Entergy Wholesale Commodities segment owns, operates, and decommissions nuclear power plants; and sells electric power. The All Other segment comprises parent company, Entergy Corporation, and Other business activity. The company was founded by Harvey Couch on November 13, 1913 and is headquartered in New Orleans, LA.

Key Stats and Financials As of 2019
Market Capitalization
$8.39B
Total Enterprise Value
$31B
Earnings Per Share
$3.07
Revenue
$14.8B
Net Profit
$932M
TEVNet Income
33.22x
Debt TEV
0.39x
Enterprise Value Sales
2.1x
Total Equity
$21.9B
Total Debt
$12.2B
Three Year Compounded Annual Growth Rate Of Revenue
4.38%
Five Year Compounded Annual Growth Rate Of Revenue
0.94%
Non-Profit Donations & Grants
Political Donations
$1,000
2014
N/A
2014
$2,000
2013
Investments
Details Hidden

Lockdown Networks, Inc. provides network access control solutions and appliances. The firm also continuously audits, prioritizes, reports and eliminates corporate network vulnerabilities enabling organizations to reduce the risk of attacks and track real-time information on network security health. The company was founded in 2001 and is headquartered in Seattle, WA.

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Berkshire Hathaway, Inc. provides property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, retailing, and services. It operates through following segments: GEICO, Berkshire Hathaway Reinsurance Group, Berkshire Hathaway Primary Group, Burlington Northern Santa Fe, LLC (BNSF), Berkshire Hathaway Energy, McLane Company, Manufacturing, and Service and Retailing. The GEICO segments involves in underwriting private passenger automobile insurance mainly by direct response methods. The Berkshire Hathaway Reinsurance Group segment consists of underwriting excess-of-loss and quota-share and facultative reinsurance worldwide. The Berkshire Hathaway Primary Group segment comprises of underwriting multiple lines of property and casualty insurance policies for primarily commercial accounts. The BNSF segment operates railroad systems in North America. The Berkshire Hathaway Energy segments deals with regulated electric and gas utility, including power generation and distribution activities, and real estate brokerage activities. The McLane Company segment offers wholesale distribution of groceries and non-food items. The Manufacturing segment includes industrial and end-user products, building products, and apparel. The Service and Retailing segment provides fractional aircraft ownership programs, aviation pilot training, electronic components distribution, and various retailing businesses, including automobile dealerships, and trailer and furniture leasing. The company was founded by Oliver Chace in 1839 and is headquartered in Omaha, NE.

Wilton Re Ltd. Insurance Brokerage | Hamilton, Bermuda

Wilton Re is a U.S. life (re)insurance company specializing in the acquisition of in force life insurance and annuities as well as with assisting life insurance clients with product development, underwriting and new business strategies designed to serve the middle market. Wilton Re's focus is the U.S. life insurance market where they provide risk capital and related services including M&A and In Force acquisitions, traditional reinsurance, and longevity risk management. Wilton Re's focus is the U.S. life insurance market where they provide risk capital and related services including M&A and In Force acquisitions, middle market products, traditional reinsurance, and longevity risk management. Wilton Re also partners with companies to implement new business strategies for middle market sales, with an emphasis on worksite, senior market, and simplified term products. Our fully customized solutions include private labeling with supporting delivery and administrative systems.

MDC Partners, Inc. Other Business & Consulting Services | New York, NY

MDC is a Business Transformation Organization that utilizes technology, marketing communications, data analytics, and strategic consulting solutions to drive meaningful returns on Marketing and Communications Investments for multinational clients in the United States, Canada, Europe, and the Caribbean. MDC’s durable competitive advantage is to Empower the Most Talented Entrepreneurial Thought Leaders to Drive Business Success to new levels of Achievement, for both our Clients and our Shareholders, reinforcing MDC's reputation as "The Place Where Great Talent Lives." MDC Partners' Class A shares are publicly traded on the NASDAQ under the symbol "MDCA" and on the Toronto Stock Exchange under the symbol "MDZ.A".

Awards & Honors
Rank #210
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #210
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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