Loews Corporation (L)

Financials · $22.2B market cap · SEC CIK 0000060086

Next reports on Feb 8, 2027.

52-week range $101.08 to $121.01. 8% below its 52-week high and 10% above its low.

The case for L

• Trades at 1.17× book value, close to what the balance sheet says it owns.
• Moves less than the market (beta 0.48).
• Price/sales of 1.2× is lower than 88% of Financials companies.

The case against

• Return on equity of only 8%.
• Value is weak (38/100): 14.9× earnings against a fair 18× for its growth, 1.2× sales.
• Net margin of 8% is thinner than 88% of Financials companies.
• Revenue grew only 2.8%, roughly the pace of inflation.

What the score is made of

Each factor is half a curve over reported figures and half a rank among the other Financials companies (momentum is judged against fixed thresholds only), and the five are blended by weight. The score is where that blend places it in the S&P 500. It describes the last filing and the current price. It is not a forecast.

• Its debt and cash flow are not scored, as for every company in the Financials sector: for banks, insurers and brokers, borrowing is the business.
• Each factor except momentum is half fixed thresholds, half rank among the 76 Financials companies.

The financials

The financials, five years deep

Pulled from Loews Corporation's XBRL filings on SEC EDGAR. Italic rows are worked out from the others.

What Loews Corporation says it does

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, olefins and other hydrocarbons (Boardwalk Pipeline Partners, LP, a wholly owned subsidiary); and • operation of a chain of hotels (Loews Hotels Holding Corporation, a wholly owned subsidiary). We also own approximately 53% of Altium Packaging LLC, an unconsolidated subsidiary, which is engaged in the manufacture of rigid plastic packaging solutions. We have four reportable segments comprised of three individual consolidated operating subsidiaries, CNA Financial Corporation, Boardwalk Pipeline Partners, LP and Loews Hotels Holding Corporation; and the Corporate segment. The Corporate segment is comprised of Loews Corporation,…

Risk factors L lists in its 10-K

• Expected incremental capacity added to system (Bcf/d)
• Boardwalk Pipelines’ operations, and those of Boardwalk Pipelines’ customers, are subject to a series of risks regarding climate change”
• Recent Developments and Growth Projects
• CNA’s actual experience could vary from the key assumptions used to determine future policy benefit reserves for long-term care policies
• CNA is vulnerable to material losses from natural and man-made disasters
• CNA has exposure related to A&EP claims, which could result in material losses
• CNA faces intense competition in its industry; it may be adversely affected by the cyclical nature of the property and casualty business and by the evolving landscape of its distribution network
• CNA may be adversely affected by technological changes or disruptions in the insurance marketplace
• CNA may incur significant realized and unrealized investment losses and volatility in net investment income arising from changes in the financial markets
• Any significant interruption in the operation of CNA’s business functions, facilities or systems or its vendors’ facilities or systems could result in a materially adverse effect on its operations
• CNA is subject to capital adequacy requirements and, if it is unable to maintain or raise sufficient capital to meet these requirements, regulatory agencies may restrict or prohibit CNA from operating its business
• CNA’s insurance subsidiaries, upon whom CNA depends for dividends in order to fund its corporate obligations, are limited by insurance regulators in their ability to pay dividends
• Rating agencies may downgrade their ratings of CNA, adversely affecting its ability to write insurance at competitive rates or at all and increasing its cost of capital
• Changes in U.S. trade policy and the impact of tariffs may have a material adverse effect on Boardwalk Pipelines’ business and results of operations
• Changes in the debt markets and increases in interest rates could adversely affect Boardwalk Pipelines’ business
• Failure to comply with environmental or worker safety laws and regulations or an accidental release of pollutants into the environment may cause
• to incur significant costs and liabilities
• Climatic conditions and events could adversely impact Boardwalk Pipelines’
• operations, pipelines and facilities, or those of its
• subject to reputational risks and risks related to public opinion
• Boardwalk Pipelines may face opposition to the operation of its pipelines and facilities, construction or expansion of facilities and new pipeline projects from various groups
• Changes in energy prices, including natural gas, oil and NGLs, impact the supply of and demand for those commodities, which impact Boardwalk Pipelines’ business
• Boardwalk Pipelines is exposed to credit risk relating to default or bankruptcy by its customers
• relies on a limited number of customers for a significant portion of its revenues
• Boardwalk Pipelines’ revolving credit facility contains operating and financial covenants that may restrict its business and financing activities
• Boardwalk Pipelines’ indebtedness could affect its ability to meet its obligations and may otherwise restrict its activities
• Boardwalk Pipelines does not own all of the land on which its pipelines and facilities are located, which could result in disruptions to its operations
• Boardwalk Pipelines may not be successful in executing its strategy to grow and diversify its business
• Boardwalk Pipelines’ ability to replace expiring gas storage contracts at attractive rates or on a long-term basis and to sell short-term services at attractive rates or at all are subject to market conditions
• Boardwalk Pipelines’ operations are subject to catastrophic losses, operational hazards and unforeseen interruptions for which it may not be adequately insured
• Loews Hotels & Co’s business may be materially adversely affected by various operating risks common to the hospitality industry, many of which are beyond Loews Hotels & Co’s control
• The hospitality industry is subject to seasonal and cyclical volatility
• Loews Hotels & Co operates in a highly competitive industry, both for customers and for the acquisition and/or development of new properties
• Any deterioration in the quality or reputation of Loews Hotels & Co’s brands, including brands used in its joint ventures and those it licenses, could have a material adverse effect on its reputation and business
• Loews Hotels & Co’s efforts to develop new properties and renovate existing properties could be delayed or become more expensive
• Investing in hotel properties through ownership interests in partnerships and joint ventures is subject to inherent risks, including due to Loews Hotels & Co’s lack of unilateral control over the investment
• Loews Hotels & Co’s properties are geographically concentrated, which exposes its business to the effects of regional events and occurrences
• The growth and use of third-party reservation channels adversely affects Loews Hotels & Co’s business
• Loews Hotels & Co’s insurance coverage may not cover all possible losses, and it may not be able to renew its insurance policies on favorable terms, or at all
• Labor shortages could restrict Loews Hotels & Co’s ability to operate its properties or grow its business or result in increased labor costs that could reduce its results of operations
• A portion of Loews Hotels & Co’s labor force is covered by collective bargaining agreements
• Altium Packaging’s substantial indebtedness could affect its ability to meet its obligations and may otherwise restrict its activities
• Altium Packaging is exposed to changes in consumer preferences
• Fluctuations in raw material prices and raw material availability may materially affect Altium Packaging’s results of operations
• Altium Packaging’s customers may increase their self-manufacturing
• Acts of terrorism could harm us and our subsidiaries
• Our subsidiaries face significant risks related to compliance with environmental laws
• Loss of key vendor relationships or issues relating to the transitioning of vendor relationships could result in a materially adverse effect on our and our subsidiaries’ operations
• We could incur impairment charges related to the carrying value of the long-lived assets and goodwill of our subsidiaries and our equity method investments
• Pandemics or other outbreaks of contagious diseases and efforts to mitigate their spread have had, and could in the future have, widespread impacts on the way we and our subsidiaries operate
• We are a holding company and derive substantially all of our income and cash flow from our subsidiaries
• We and our subsidiaries face competition for senior executives and qualified specialized talent
• Scrutiny and changing expectations from stakeholders with respect to sustainability practices may impose additional costs on us and our subsidiaries or expose us and our subsidiaries to new or additional risks

Filings

Other Financials companies