# LOEWS CORP

Summary updated: 2026-10-02T11:31:39.572365Z
Canonical: https://finbar.com/research/companies/loews-corp

## Overview

Loews Corporation is a diversified holding company whose principal businesses span insurance, energy infrastructure, hospitality, and packaging. Its four reportable segments are CNA Financial, Boardwalk Pipelines, Loews Hotels & Co, and Corporate; the Corporate segment also includes its investment in Altium Packaging. [1](https://app.finbar.com/go?id=P121343135)[2](https://app.finbar.com/go?id=P101286911) CNA provides property-and-casualty insurance, while Boardwalk transports and stores natural gas and related products, Loews Hotels operates hotels, and Altium makes packaging products. [3](https://app.finbar.com/go?id=P39728432)[4](https://app.finbar.com/go?id=P110441870)[5](https://app.finbar.com/go?id=P75923899)[6](https://app.finbar.com/go?id=P34667703)

The portfolio is primarily North American: Boardwalk’s pipeline network serves 13 states, and Altium serves North American markets; CNA also has international operations. [4](https://app.finbar.com/go?id=P110441870)[6](https://app.finbar.com/go?id=P34667703)[3](https://app.finbar.com/go?id=P39728432) Loews reported consolidated revenue of $18.454 billion for FY2025. [7](https://app.finbar.com/go?id=T9334885) The company describes its focus in terms of long-term shareholder value and conservative financial management. [8](https://loews.com/about/about-us/default.aspx)
[1](https://app.finbar.com/go?id=P121343135)[2](https://app.finbar.com/go?id=P101286911)[3](https://app.finbar.com/go?id=P39728432)[4](https://app.finbar.com/go?id=P110441870)[5](https://app.finbar.com/go?id=P75923899)[6](https://app.finbar.com/go?id=P34667703)[7](https://app.finbar.com/go?id=T9334885)[8](https://loews.com/about/about-us/default.aspx)[8](https://loews.com/about/about-us/default.aspx)

## Products & services

CNA Financial provides commercial property-and-casualty insurance through Specialty, Commercial and International lines, as well as remaining life and group insurance operations. Named products include CNA Connect® for small businesses, CNA Paramount® commercial package coverage and CNA Touchstone Property® for large-property risks. Other offerings include property, general liability, commercial auto, cyber, equipment breakdown, management and professional liability, marine, surety, umbrella and excess casualty, warranty and workers’ compensation insurance. [3](https://app.finbar.com/go?id=P39728432)[9](https://app.finbar.com/go?id=P96300061)[10](https://www.cna.com/products/all)[11](https://www.cna.com/products/property)

Boardwalk Pipelines offers natural-gas transportation and storage, parking-and-lending services, ethane supply and transportation, and natural-gas marketing and related services. Its 2025 system comprised approximately 13,420 miles of natural-gas pipelines and 3.9 Tcf transported; average throughput was 10.7 Bcf per day and working-gas storage capacity was 199.5 Bcf. Its natural-gas-liquids system included approximately 855 pipeline miles, 144.2 MMBbls transported in 2025 and 31.2 MMBbls of storage capacity; it also supplies brine. [4](https://app.finbar.com/go?id=P110441870)[5](https://app.finbar.com/go?id=P75923899)[12](https://app.finbar.com/go?id=P145652803)[13](https://loews.com/subsidiaries/boardwalk-pipelines/default.aspx)

Loews Hotels & Co operates and manages hotels, with earnings from hotel operations, joint-venture interests and management fees. The 2025 filing described a 27-hotel portfolio: 11 owned, 15 held in joint ventures and one managed for an unaffiliated owner. Guest services and amenities include accommodations, dining, meeting space, pools, spa and fitness facilities, concierge and guest-request services. [14](https://app.finbar.com/go?id=P73497044)[15](https://app.finbar.com/go?id=T4789278)[16](https://www.loewshotels.com/discover-loews/services-amenities)

Altium Packaging manufactures customized plastic containers using extrusion blow-molding and injection-molding, alongside commodity and differentiated resins made from recycled plastic. Its packaging serves pharmaceutical, dairy, household chemical, food and nutraceutical, industrial and specialty chemical, water, beverage and juice markets. Altium describes container sizes from 1 ounce to 5 gallons, more than 500 stock molds, and materials including HDPE, PET, PP and PC. [6](https://app.finbar.com/go?id=P34667703)[17](https://altiumpkg.com/markets-we-serve/)[18](https://catalog.altiumpkg.com/)

In 2025, CNA, Boardwalk Pipelines and Loews Hotels & Co accounted for 81.2%, 12.6% and 5.1%, respectively, of Loews consolidated revenue; these are subsidiary-level revenue shares, not product-specific percentages. [9](https://app.finbar.com/go?id=P96300061)[19](https://app.finbar.com/go?id=P47545312)[14](https://app.finbar.com/go?id=P73497044)
[3](https://app.finbar.com/go?id=P39728432)[9](https://app.finbar.com/go?id=P96300061)[4](https://app.finbar.com/go?id=P110441870)[5](https://app.finbar.com/go?id=P75923899)[12](https://app.finbar.com/go?id=P145652803)[14](https://app.finbar.com/go?id=P73497044)[15](https://app.finbar.com/go?id=T4789278)[6](https://app.finbar.com/go?id=P34667703)[19](https://app.finbar.com/go?id=P47545312)[10](https://www.cna.com/products/all)[11](https://www.cna.com/products/property)[13](https://loews.com/subsidiaries/boardwalk-pipelines/default.aspx)[16](https://www.loewshotels.com/discover-loews/services-amenities)[17](https://altiumpkg.com/markets-we-serve/)[18](https://catalog.altiumpkg.com/)

## Geographic presence

Loews’ operating footprint is primarily U.S.-based, with international insurance operations. CNA markets insurance worldwide, and its insurance entities include companies operating in the United States, the United Kingdom, Bermuda and Europe. Altium Packaging describes its market as North American. No country- or region-level breakdown of consolidated revenue was identified in the available disclosures. [20](https://app.finbar.com/go?id=P10108288) [6](https://app.finbar.com/go?id=P34667703)

Boardwalk Pipelines serves customers directly in 13 states and indirectly in the Northeast and Southeast; its natural-gas network is approximately 13,420 miles. Its Gulf South system spans Oklahoma, Texas, Louisiana, Mississippi, Alabama and Florida, while its NGL pipelines are in Louisiana and Texas. [4](https://app.finbar.com/go?id=P110441870) [21](https://app.finbar.com/go?id=P14938183) Loews’ hotel operations are concentrated in Florida: at year-end 2025, 13 Florida hotels represented about 64% of system rooms, including 11 hotels at Universal Orlando. The company’s corporate address is in New York City; Loews Hotels also reports a shared-service center outside Nashville, Tennessee. [22](https://app.finbar.com/go?id=P26363618) [23](https://app.finbar.com/go?id=P53608743) [24](https://app.finbar.com/go?id=P16409924)
[20](https://app.finbar.com/go?id=P10108288)[6](https://app.finbar.com/go?id=P34667703)[4](https://app.finbar.com/go?id=P110441870)[21](https://app.finbar.com/go?id=P14938183)[22](https://app.finbar.com/go?id=P26363618)[23](https://app.finbar.com/go?id=P53608743)[24](https://app.finbar.com/go?id=P16409924)

## Business segments

Loews reports four segments: CNA Financial, Boardwalk Pipelines, Loews Hotels & Co, and Corporate. CNA Financial focuses on commercial property and casualty insurance; Boardwalk Pipelines transports and stores natural gas, natural gas liquids, olefins, and other hydrocarbons; and Loews Hotels & Co operates a chain of hotels. [25](https://app.finbar.com/go?id=P145652437)[26](https://app.finbar.com/go?id=P145652705)

In fiscal 2025, segment revenue was approximately $14,989 million for CNA Financial (81.2% of consolidated revenue), $2,324 million for Boardwalk Pipelines (12.6%), $945 million for Loews Hotels & Co (5.1%), and $196 million for Corporate (1.1%), out of $18,454 million consolidated revenue. Corporate comprises the parent company apart from consolidated operating subsidiaries and includes equity-method accounting for unconsolidated Altium Packaging, a rigid plastic packaging manufacturer. [27](https://app.finbar.com/go?id=T12602092)[25](https://app.finbar.com/go?id=P145652437)

For the six months ended June 30, 2026, the respective segment revenue contributions were $7,506 million (80.8%), $1,207 million (13.0%), $530 million (5.7%), and $46 million (0.5%), out of $9,289 million consolidated revenue. Percentages are approximate, calculated from reported amounts. [28](https://app.finbar.com/go?id=T16660967)
[25](https://app.finbar.com/go?id=P145652437)[26](https://app.finbar.com/go?id=P145652705)[27](https://app.finbar.com/go?id=T12602092)[28](https://app.finbar.com/go?id=T16660967)

## Company history

Founded by brothers Laurence and Preston Robert Tisch, Loews traces its business roots to a 1946 hotel investment in Lakewood, New Jersey. In 1959, the brothers acquired a controlling interest in Loew’s Theatres, and in 1968 they acquired Lorillard Tobacco Company. Loews was incorporated in 1969; it acquired a majority interest in CNA Financial in 1974. [29](https://www.uh.edu/hilton-college/campus-and-facilities/hall-of-honor/inductees/preston-robert-tisch-laurence-a-tisch-/)[30](https://www.companieshistory.com/loews-corporation/)[31](https://csts.ua.edu/btba/history/lorillard/)[32](https://app.finbar.com/go?id=P311395)[33](https://www.sec.gov/Archives/edgar/data/60086/000006008624000194/exhibit992-q32024.htm)

The company later shifted its portfolio through acquisitions and exits. Texas Gas Transmission and Gulf South Pipeline were acquired in 2003 and 2004, respectively. Loews exited its remaining Lorillard investment in 2008, and Citizen completed its acquisition of Bulova from Loews that year. Loews Cineplex also passed to new ownership in 2002. [34](https://www.sec.gov/Archives/edgar/data/60086/000006008626000025/a2025annualreport.pdf)[35](https://www.sec.gov/Archives/edgar/data/60086/000006008608000053/lc_exbcomplete.htm)[36](https://www.jckonline.com/magazine-article/citizen-completes-acquisition-of-bulova-31277/)[37](https://variety.com/2002/scene/markets-festivals/onex-oaktree-get-ok-for-loews-buyout-1117861673/)

Loews agreed to acquire packaging company Consolidated Container Company in 2017 and completed its purchase of Boardwalk Pipeline Partners’ remaining common units in 2018, consolidating its ownership. Consolidated Container was renamed Altium Packaging in 2020. James S. Tisch, CEO from 1999, became chairman at the start of 2025, when Benjamin J. Tisch succeeded him as CEO. [38](https://loews.com/investors/news/news-details/2017/Loews-Corporation-Agrees-to-Acquire-Consolidated-Container-Company-04-11-2017/default.aspx)[39](https://loews.com/investors/news/news-details/2018/Loews-Reports-Exercise-of-Right-to-Purchase-Common-Units-Of-Boardwalk-Pipeline-Partners-06-29-2018/default.aspx)[40](https://loews.com/investors/news/news-details/2020/Consolidated-Container-Company-Announces-Rebrand-to-Altium-Packaging-Tri-State-Distribution-Rebranded-to-Altium-Healthcare-01-28-2020/default.aspx)[34](https://www.sec.gov/Archives/edgar/data/60086/000006008626000025/a2025annualreport.pdf)
[29](https://www.uh.edu/hilton-college/campus-and-facilities/hall-of-honor/inductees/preston-robert-tisch-laurence-a-tisch-/)[30](https://www.companieshistory.com/loews-corporation/)[31](https://csts.ua.edu/btba/history/lorillard/)[32](https://app.finbar.com/go?id=P311395)[33](https://www.sec.gov/Archives/edgar/data/60086/000006008624000194/exhibit992-q32024.htm)[34](https://www.sec.gov/Archives/edgar/data/60086/000006008626000025/a2025annualreport.pdf)[35](https://www.sec.gov/Archives/edgar/data/60086/000006008608000053/lc_exbcomplete.htm)[36](https://www.jckonline.com/magazine-article/citizen-completes-acquisition-of-bulova-31277/)[37](https://variety.com/2002/scene/markets-festivals/onex-oaktree-get-ok-for-loews-buyout-1117861673/)[38](https://loews.com/investors/news/news-details/2017/Loews-Corporation-Agrees-to-Acquire-Consolidated-Container-Company-04-11-2017/default.aspx)[39](https://loews.com/investors/news/news-details/2018/Loews-Reports-Exercise-of-Right-to-Purchase-Common-Units-Of-Boardwalk-Pipeline-Partners-06-29-2018/default.aspx)[40](https://loews.com/investors/news/news-details/2020/Consolidated-Container-Company-Announces-Rebrand-to-Altium-Packaging-Tri-State-Distribution-Rebranded-to-Altium-Healthcare-01-28-2020/default.aspx)[29](https://www.uh.edu/hilton-college/campus-and-facilities/hall-of-honor/inductees/preston-robert-tisch-laurence-a-tisch-/)[30](https://www.companieshistory.com/loews-corporation/)[31](https://csts.ua.edu/btba/history/lorillard/)[33](https://www.sec.gov/Archives/edgar/data/60086/000006008624000194/exhibit992-q32024.htm)[34](https://www.sec.gov/Archives/edgar/data/60086/000006008626000025/a2025annualreport.pdf)[35](https://www.sec.gov/Archives/edgar/data/60086/000006008608000053/lc_exbcomplete.htm)[36](https://www.jckonline.com/magazine-article/citizen-completes-acquisition-of-bulova-31277/)[37](https://variety.com/2002/scene/markets-festivals/onex-oaktree-get-ok-for-loews-buyout-1117861673/)[38](https://loews.com/investors/news/news-details/2017/Loews-Corporation-Agrees-to-Acquire-Consolidated-Container-Company-04-11-2017/default.aspx)[39](https://loews.com/investors/news/news-details/2018/Loews-Reports-Exercise-of-Right-to-Purchase-Common-Units-Of-Boardwalk-Pipeline-Partners-06-29-2018/default.aspx)[40](https://loews.com/investors/news/news-details/2020/Consolidated-Container-Company-Announces-Rebrand-to-Altium-Packaging-Tri-State-Distribution-Rebranded-to-Altium-Healthcare-01-28-2020/default.aspx)

## Sources

1. [LOEWS CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P121343135)
2. [LOEWS CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P101286911)
3. [LOEWS CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P39728432)
4. [LOEWS CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P110441870)
5. [LOEWS CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P75923899)
6. [LOEWS CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P34667703)
7. [LOEWS CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=T9334885)
8. [loews.com](https://loews.com/about/about-us/default.aspx)
9. [LOEWS CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P96300061)
10. [www.cna.com](https://www.cna.com/products/all)
11. [www.cna.com](https://www.cna.com/products/property)
12. [LOEWS CORP — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P145652803)
13. [loews.com](https://loews.com/subsidiaries/boardwalk-pipelines/default.aspx)
14. [LOEWS CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P73497044)
15. [LOEWS CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=T4789278)
16. [www.loewshotels.com](https://www.loewshotels.com/discover-loews/services-amenities)
17. [altiumpkg.com](https://altiumpkg.com/markets-we-serve/)
18. [catalog.altiumpkg.com](https://catalog.altiumpkg.com/)
19. [LOEWS CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P47545312)
20. [LOEWS CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P10108288)
21. [LOEWS CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P14938183)
22. [LOEWS CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P26363618)
23. [LOEWS CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P53608743)
24. [LOEWS CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P16409924)
25. [LOEWS CORP — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P145652437)
26. [LOEWS CORP — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P145652705)
27. [LOEWS CORP — Press release (2025 Y)](https://app.finbar.com/go?id=T12602092)
28. [LOEWS CORP — Press release (2026 Q 2)](https://app.finbar.com/go?id=T16660967)
29. [www.uh.edu](https://www.uh.edu/hilton-college/campus-and-facilities/hall-of-honor/inductees/preston-robert-tisch-laurence-a-tisch-/)
30. [www.companieshistory.com](https://www.companieshistory.com/loews-corporation/)
31. [csts.ua.edu](https://csts.ua.edu/btba/history/lorillard/)
32. [LOEWS CORP — Full financial report (2025 Y)](https://app.finbar.com/go?id=P311395)
33. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/60086/000006008624000194/exhibit992-q32024.htm)
34. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/60086/000006008626000025/a2025annualreport.pdf)
35. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/60086/000006008608000053/lc_exbcomplete.htm)
36. [www.jckonline.com](https://www.jckonline.com/magazine-article/citizen-completes-acquisition-of-bulova-31277/)
37. [variety.com](https://variety.com/2002/scene/markets-festivals/onex-oaktree-get-ok-for-loews-buyout-1117861673/)
38. [loews.com](https://loews.com/investors/news/news-details/2017/Loews-Corporation-Agrees-to-Acquire-Consolidated-Container-Company-04-11-2017/default.aspx)
39. [loews.com](https://loews.com/investors/news/news-details/2018/Loews-Reports-Exercise-of-Right-to-Purchase-Common-Units-Of-Boardwalk-Pipeline-Partners-06-29-2018/default.aspx)
40. [loews.com](https://loews.com/investors/news/news-details/2020/Consolidated-Container-Company-Announces-Rebrand-to-Altium-Packaging-Tri-State-Distribution-Rebranded-to-Altium-Healthcare-01-28-2020/default.aspx)

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