Loews Corp - Company Profile
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Business Description
Loews Corp (Loews) is a diversified holding company. The company, along with its subsidiaries, offers commercial property and casualty insurance, and operates offshore oil and gas drilling rigs. It also focuses on transportation and storage of natural gas, exploration, production and marketing of natural gas and natural gas liquids and operation of hotels and resorts.
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Business Segments
Overview
Operates in the midstream portion of the natural gas and NGLs industry, providing transportation and storage services. It serves industrial customers, particularly in Louisiana and Texas.
Performance
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Overview
Operates in the insurance industry, offering property and casualty insurance products and services, including surety, primarily through independent agents, brokers, and managing general underwriters. It also includes a long-term care business in run-off and certain legacy portfolios.
Performance
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Overview
Includes investment income from the parent company’s cash and investments, company interest expense, and other unallocated company expenses. It also includes the equity method of accounting for Altium Packaging.
Performance
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Overview
Operates chain of hotels in the US and Canada through its subsidiary, Loews Hotels Holding Corporation.
Performance
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