Loews Corporation (L)

46.73 +0.24 (+0.52%) At close: 4:00PM EST

Loews Corporation

667 Madison Avenue
New York, NY 10065-8087
United States
212-521-2000
http://www.loews.com

Sector(s): Financial Services
Industry: Insurance—Property & Casualty
Full Time Employees: 18,605

Key Executives

Name	Title	Pay	Exercised	Year Born
Mr. Andrew H. Tisch	Co-Chairman	3.73M	1.03M	1949
Mr. Jonathan M. Tisch	Co-Chairman	4.12M	1.03M	1954
Mr. James S. Tisch	Pres, CEO & Director	4.82M	1.03M	1953
Mr. David B. Edelson	Sr. VP & CFO	4.62M	1.48M	1959
Mr. Kenneth I. Siegel	Sr. VP	4.44M	368.48k	1957
Mr. Richard Waldo Scott	Sr. VP & Chief Investment Officer	N/A	N/A	1953
Mr. Mark S. Schwartz	VP, Chief Accounting Officer & Treasurer	N/A	N/A	1954
Ms. Mary Skafidas	VP of IR & Corp. Communications	N/A	N/A	N/A
Mr. Marc A. Alpert J.D.	Sr. VP, Gen. Counsel & Corp. Sec.	N/A	N/A	1963
Mr. Benjamin J. Tisch	VP of Corp. Devel.	N/A	N/A	1983

Amounts are as of December 31, 2019 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 provides commercial property and casualty insurance in the United States and internationally. It operates through five segments: CNA Financial Corporation; Diamond Offshore Drilling, Inc.; Boardwalk Pipeline Partners, LP; Loews Hotels Holding Corporation; and Corporate segments. The company offers specialty insurance products, such as management and professional liability coverages and products; and surety and fidelity bonds. It also provides commercial property insurance products that include property, marine, and boiler and machinery coverages; casualty insurance products comprising workers' compensation, general and product liability, commercial auto, and umbrella coverages; loss-sensitive insurance programs; and warranty, risk management, information, and claims administration services. The company markets its insurance products and services through independent agents, brokers, and managing general underwriters. In addition, it offers contract drilling services through a fleet of 15 offshore drilling rigs consisting of 4 drillships and 11 semisubmersible rigs. Further, the company is involved in the transportation and storage of natural gas and natural gas liquids (NGLs) through natural gas pipelines covering approximately 13,610 miles of interconnected pipelines; 455 miles of NGL pipelines in Louisiana and Texas; and 14 underground storage fields with an aggregate gas capacity of approximately 205 billion cubic feet of natural gas. Additionally, the company operates a chain of 26 hotels; and develops, manufactures, and markets a range of extrusion blow-molded and injection molded plastic containers for customers in the pharmaceutical, dairy, household chemicals, food/nutraceuticals, industrial/specialty chemicals, and water and beverage/juice segments, as well as manufactures commodity and differentiated plastic resins from recycled plastic materials. Loews Corporation was incorporated in 1969 and is headquartered in New York, New York.

Corporate Governance

Loews Corporation’s ISS Governance QualityScore as of January 22, 2021 is 9. The pillar scores are Audit: 1; Board: 10; Shareholder Rights: 5; Compensation: 8.

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.