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Loews Corporation (L)

New York Stock Exchange Consolidated Issue - New York Stock Exchange Consolidated Issue Delayed Price. Currency in USD
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47.77+0.37 (+0.78%)
At close: 4:02PM EDT

47.78 +0.01 (0.02%)
After hours: 5:02PM EDT

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Loews Corporation

667 Madison Avenue
New York, NY 10065
United States
212-521-2000
http://www.loews.com

SectorFinancial
IndustryProperty & Casualty Insurance
Full Time Employees15,800

Key Executives

NameTitlePayExercisedAge
Mr. Jonathan M. TischCo-Chairman, Chairman of Loews Hotels and Chief Exec. Officer of Loews Hotels3.81MN/A63
Mr. James S. TischCEO, Pres, Director, Chairman of Diamond Offshore Drilling & Director of CNA Financial Corp4.5MN/A64
Mr. David B. EdelsonChief Financial Officer and Sr. VP4.3MN/A58
Mr. Kenneth I. SiegelSr. VP3.93MN/A60
Mr. Richard Waldo Scott J.D.Chief Investment Officer and Sr. VPN/AN/A64
Amounts are as of December 31, 2016 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Loews Corporation, through its subsidiaries, provides commercial property and casualty insurance in the United States, Canada, the United Kingdom, Continental Europe, and Singapore. The company offers management and professional liability insurance and risk management services, and other specialized property and casualty coverages; commercial surety and fidelity bonds; and warranty and alternative risk services primarily for vehicles and portable electronic communication devices. Its commercial property insurance products include standard and excess property, marine, and boiler and machinery coverages; and casualty insurance products comprise workers’ compensation, general and product liability, commercial auto, and umbrella coverages. The company also provides loss-sensitive insurance programs; and risk management, information, and claims administration services; and long term care and life settlement contracts. It markets its insurance products and services primarily through independent agents, brokers, and managing general underwriters to various customers. In addition, the company owns and operates 24 offshore drilling rigs consisting of 4 drillships, 19 semisubmersible rigs, and 1 jack-ups for companies engaged in the exploration and production of hydrocarbons. Further, it is involved in the transportation and storage of natural gas and natural gas liquids (NGLs), and gathering and processing of natural gas. It owns and operates natural gas pipelines covering approximately 13,930 miles of interconnected pipelines; approximately 435 miles of NGL pipelines in Louisiana and Texas; and underground storage fields with aggregate working gas capacity of approximately 205.0 billion cubic feet of natural gas. Additionally, it operates 24 hotels in the United States and 1 hotel in Canada. The company was founded in 1954 and is headquartered in New York, New York.

Corporate Governance

Loews Corporation’s ISS Governance QualityScore as of August 1, 2017 is 8. The pillar scores are Audit: 1; Board: 10; Shareholder Rights: 3; Compensation: 9.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.