LOEWS CORP (L)

Loews Corp. is a holding company, which engages in the business of commercial property and casualty insurance, transportation and storage of natural gas and natural gas liquids, and operation of a chain of hotels. It operates through the following segments: CNA Financial, Boardwalk Pipelines, Loews Hotels and Co, and Corporate. The CNA Financial segment is involved in the sale of property and casualty insurance products and services, including surety, primarily through a network of independent agents, brokers, and managing general underwriters. The Boardwalk Pipelines segment focuses on midstream portion of the natural gas and NGLs industry, providing transportation, and storage for those commodities. The Loews Hotels and Co segment refers to a chain of hotels, which are in the United States and one of which is in Canada. The Corporate segment consists of investment income from the parent company’s cash and investments, parent company interest expense, and other unallocated parent company expenses. The company was founded by Laurence A. Tisch and Preston Robert Tisch on November 12, 1969 and is headquartered in New York, NY.

Address

9 WEST 57TH STREET
NEW YORK, NY 10019-2714

Founded

1969

Number of Employees

12,280

Website

http://www.loews.com

Buyback

Buyback Data 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
$ Amount Purchased
($ in 000s )		 $414,809 $1,193,057 $134,373 $236,527 $1,010,969 $1,059,430 $916,825 $1,131,754 $737,579 $843,926 $197,460 $716,064
Average Price $43.34 $37.81 $38.96 $49.76 $49.84 $49.24 $41.76 $53.72 $58.08 $60.24 $74.52 $48.17
# Shares Purchased 9,571,870 31,554,032 3,448,614 4,753,618 20,282,429 21,513,877 21,954,231 21,068,239 12,698,336 14,008,974 2,649,732 14,863,996
Buyback Performance 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
Total Return to Date 80.0% 106.3% 100.2% 56.8% 56.5% 58.4% 86.8% 45.2% 34.3% 29.5% 4.7% 61.9%
S&P 500 Return to Date 181.9% 173.0% 168.6% 129.7% 104.9% 93.1% 74.8% 31.7% 37.3% 31.3% 7.4% 94.0%
Excess Total Return -101.9% -66.7% -68.4% -73.0% -48.4% -34.7% 11.9% 13.5% -3.0% -1.9% -2.7% -32.1%
Quartile Rank
Percentile Rank 54% 60% 59% 58% 61% 62% 69% 76% 72% 70% 51% 75%
Buyback returns calculated using weighted average buyback price over the last 10 years and comparing to current day stock price value. S&P 500 used as benchmark for excess return.

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