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New York
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Company Description

Contact Info

667 Madison Avenue

New York, NY 10065

United States

Phone: 212-521-2000


Loews Corporation, through its subsidiaries, operates as a commercial property and casualty insurance company primarily in the United States. The company also engages in the operation of offshore oil and gas drilling rigs; transportation and storage of natural gas and natural gas liquids (NGL) and gathering and processing of natural gas; and operation of a chain of hotels. The company owns 90% interest in CNA Financial Corporation (together with its subsidiaries, CNA); 53% interest in Diamond Offshore Drilling, Inc. (Diamond Offshore); and 51% interest in Boardwalk Pipeline Partners, LP (Boardwalk Pipeline). Its wholly owned subsidiary includes Loews Hotels Holding Corporation. CNA CNA’s property and casualty and remaining life and group insurance operations are primarily conducted by Continental Casualty Company (CCC), and The Continental Insurance Company (CIC). CNA’s insurance products primarily include commercial property and casualty coverages, including surety. CNA’s services include risk management, information services, warranty and claims administration. CNA’s products and services are primarily marketed through independent agents, brokers and managing general underwriters to various customers, including small, medium and large businesses, insurance companies, associations, professionals and other groups. CNA’s property and casualty field structure consists of 49 underwriting locations across the United States. In addition, there are 5 centralized processing operations which handle policy processing, billing and collection activities and also act as call centers to optimize service. The claims structure consists of two regional claim centers designed to handle the high volume of low severity claims, including property damage, liability and workers’ compensation medical only claims, and 16 principal claim offices handling the complex claims. CNA also has a presence in Canada, Europe and Singapore consisting of 19 branch operations and access to business placed at Lloyd’s of London (Lloyd’s) through Hardy Underwriting Bermuda Limited (Hardy). CNA’s core business, commercial property and casualty insurance operations, includes Specialty, Commercial and International. Other Non-Core business includes Life and Group Non-Core and Other. Specialty Management and Professional Liability: Management and professional liability provides management and professional liability insurance and risk management services and other specialized property and casualty coverages. This group provides professional liability coverages to various professional firms, including architects, real estate agents, accounting firms, law firms and other professional firms. management and professional liability also provides directors and officers, employment practices, fiduciary and fidelity coverages. Specific areas of focus include small and mid-size firms, public, as well as privately held firms and not-for-profit organizations, where tailored products for these client segments are offered. Products within management and professional liability are distributed through brokers, independent agents and managing general underwriters. Management and professional liability, through CNA HealthCare, also offers insurance products to serve the health care industry. Products include professional and general liability, as well as associated standard property and casualty coverages, and are distributed on a national basis through brokers, independent agents and managing general underwriters. Key customer groups include aging services, allied medical facilities, life sciences, dentists, physicians, hospitals and nurses and other medical practitioners. Surety: Surety offers small, medium and large contract and commercial surety bonds. Surety provides surety and fidelity bonds in all 50 states through a network of independent agencies and brokers. Warranty and Alternative Risks: Warranty and Alternative Risks provides extended service contracts and related products that provide protection from the financial burden associated with mechanical breakdown and other related losses, primarily for vehicles and portable electronic communicatio


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Valuation L Industry Range
Price/Earnings 100.0x
Price/Sales 1.1x
Price/Book 0.8x
Price/Cash Flow 765.8x
TEV/Sales NM Not Meaningful

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