Loews Corporation (L)

76.81 +0.09 (+0.12%) At close: 04:00PM EDT

Loews Corporation

9 West 57th Street
New York, NY 10019-2714
United States
212 521 2000
https://www.loews.com

Sector(s): Financial Services
Industry: Insurance - Property & Casualty
Full-time employees: 12,280

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Jonathan M. Tisch	Co-Chairman of the Board & Member of the Office of the President	3.65M	844.73k	1954
Mr. James S. Tisch	President, CEO & Director	5.77M	1.35M	1953
Ms. Jane J. Wang	Senior VP & CFO	2.56M	N/A	1982
Mr. Richard Waldo Scott	Senior VP & Chief Investment Officer	3.79M	1.27M	1953
Mr. Kenneth I. Siegel	Senior Vice President	5.35M	N/A	1957
Mr. Mark S. Schwartz	VP, Chief Accounting Officer & Treasurer	N/A	N/A	N/A
Mr. Marc A. Alpert J.D.	Senior VP, General Counsel & Corporate Secretary	N/A	N/A	1963
Mr. Benjamin J. Tisch	Senior VP of Corporate Development & Strategy	N/A	N/A	1983
Mr. Ira Altman	Vice President of Human Resources	N/A	N/A	N/A
Mr. Alexander H. Tisch	President & CEO of Loews Hotels & Co	N/A	N/A	1978

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes 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. The company offers specialty insurance products, such as management and professional liability, and other coverage products; surety and fidelity bonds; property insurance products that include standard and excess property, marine and boiler, and machinery coverages; and casualty insurance products, such as workers' compensation, general and product liability, and commercial auto, surplus, and umbrella coverages. It also provides 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, the company is involved in the transportation and storage of natural gas and natural gas liquids, and hydrocarbons through natural gas pipelines covering approximately 13,455 miles of interconnected pipelines; 855 miles of NGL pipelines in Louisiana and Texas; 14 underground storage fields with an aggregate gas capacity of approximately 199.5 billion cubic feet of natural gas; and eleven salt dome caverns and related brine infrastructure for providing brine supply services. Further, the company operates a chain of 25 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 industries, 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 1 April 2024 is 9. The pillar scores are Audit: 10; Board: 9; Shareholder rights: 4; Compensation: 6.

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 10 indicates higher governance risk.