L Loews Corp

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Loews Corp. is a holding company, which engages in the oil and gas business. It operates through the following segments: CNA Financial, Diamond Offshore, Boardwalk Pipeline, Loews Hotels and Corporate. The CNA Financial segment offers property, casualty, insurance, and underwriting services. The Diamond Offshore segment manages drilling rigs. The Boardwalk Pipeline segment transports and stores natural gas and natural gas liquids. The Loews Hotels segment operates restaurants and chain of hotels. The Corporate segment includes investment income and interest expenses. The company was founded by Laurence A. Tisch and Preston Robert Tisch in 1954 and is headquartered in New York, NY.

Company profile

Ticker

Exchange

NYSE

CEO

James S. Tisch

Incorporated in

Delaware

Location

New York

Fiscal year end

Dec 31

Sector

Finance > Property/Casualty Insurance

Industry (SEC)

Fire, Marine & Casualty Insurance

The Hartford Financial Services Group, Inc. • CNA Financial • American Financial • Berkshire Hathaway • Everest Re • Aspen Insurance • Kemet • Selective Insurance • Markel • ProAssurance ...

SEC CIK

0000060086

Corporate docs

Articles of Incorporation & Bylaws

IRS number

132646102

L stock data

S&P 500 1 month 1 year

Company financial data Financial data

Chart L financial data

Download latest Excel data (2019 Q2) View latest Excel data (2019 Q2)

Quarter (USD)	Jun 19	Mar 19	Dec 18	Sep 18
Revenue	3.62B	3.76B	3.29B	3.61B
Net income	249M	394M	-165M	278M
Diluted EPS	0.82	1.27	-0.5	0.88
Net profit margin	6.87%	10.49%	-5.02%	7.71%
Net change in cash	101M	-66M	-166M	118M
Cash on hand	440M	339M	405M	571M
Cost of revenue	263M	260M

Annual (USD)	Dec 18	Dec 17	Dec 16	Dec 15
Revenue	14.07B	13.74B	13.11B	13.42B
Net income	636M	1.16B	654M	260M
Diluted EPS	1.99	3.45	1.93	0.72
Net profit margin	4.52%	8.47%	4.99%	1.94%
Operating income*			1.41B	737M
Net change in cash	-67M	145M	-113M	76M
Cash on hand	405M	472M	327M	440M
Cost of revenue	923M	299M	271M

Financial data from Loews earnings reports. *Asterisk values are approximate.

Financial report summary

Management Discussion

Net income attributable to Loews Corporation increased $9 million for the three months ended June 30, 2019 as compared with the 2018 period. Net income increased due to favorable persistency in the long term care business and the absence of costs incurred in 2018 associated with the transition to a new IT infrastructure service provider. These increases were partially offset by lower favorable net prior year loss reserve development and a $15 million charge (after tax and noncontrolling interests) related to the early retirement of debt.

Content analysis ?

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New words: aforementioned, automation, bankruptcy, cold, compete, deferral, disposition, distressed, dueAugust, dueMay, efficiency, equityfor, faster, floating, fundedwith, greenfield, growing, hasfive, innovation, intangible, Interbank, LIBOR, located, Offered, offering, offour, onshore, pharmaceutical, sanctioned, shale, shifted, technical, theLondon

Removed: affiliate, announced, breakdown, closed, comment, connection, decline, Disaggregation, FERC, filing, fully, high, impacted, indemnify, informational, lead, lending, notice, obtain, October, onForm, opportunity, parking, permit, procedure, protest, reimbursement, repurchased, reversal

From filing 10-Q 2019 Q2