Areas of operation:
- Insurance: This is the major revenue earner for the company. CNA Financial, a subsidiary of the company, specializes in this segment.
- Tobacco: The company owns several cigarette brands including Lorillard's Kent, Newport, and True US.
- Watches: Bulova, a subsidiary, is a global player.
- Oil Drilling: The Company is engaged in this sector through its subsidiary, Diamond Offshore Drilling.
- Natural Gas Transmission: Loews' operations in this sector are through Boardwalk Pipelines, a pipeline systems operator.
Performance:
Loews Corporation's sales topped $17.9 billion in 2006. The net income during the 2006 fiscal year was $2.49 billion. The company is listed on the New York Stock Exchange as LTR.Assets & Infrastructure:
Loews Corporation had assets worth $70.7 billion in 2005. The main subsidiaries of the company are:- CNA Insurance
- Lorillard Tobacco Company
- Diamond Offshore Drilling, Inc.
- Loews Hotels
- Boardwalk Pipeline Partners, LP
- Gulf South Pipeline Company, LP
- Bulova Corporation
Organization:
Loews is headed by Mr. James S. Tisch, who is the company President, CEO, and Director. The company had an employee count of 21,600 in 2005.Headquarters
667 Madison AvenueNew York, NY 10021-8087
Telephone: 212-521-2000
Fax: 212-521-2525
Website: www.loews.com
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