How Do They Make Money?

Link to 2024 Annual Report

In 2024, James Tisch relinquished the CEO spot to his son Ben Tisch (46 years old)

He opens his letter by saying "Like my father and his father before him, I believe that the CEO of Loews Corporation has one job, and one job only: to grow intrinsic value per share". Oooof I like that.

Their major holdings:

• CNA Financial (92% ownership) - which does Commercial Property & Casualty Insurance

• Boardwalk Pipelines (100% ownership) - Natural Gas Pipeline & Storage

• Loews Hotel (100% ownership) with 25 hotel property and 16,000 rooms. Strong growth potential here.

• Altium Packaging (53% ownership) - rigid plastic packaging

So, put simply per their annual report...

Loews Corporation was incorporated in 1969 and is a holding company.

Our subsidiaries are engaged in the following lines of business:

• commercial property and casualty insurance (CNA Financial Corporation, an approximately 92% owned subsidiary);

• transportation and storage of natural gas and natural gas liquids (Boardwalk Pipeline Partners, LP, a wholly owned

• operation of a chain of hotels (Loews Hotels Holding Corporation, a wholly owned subsidiary).