2013 Press Releases
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11/12/13Loews Corporation Announces Quarterly Dividend On Common Stock
NEW YORK, Nov. 12, 2013 /PRNewswire/ -- Loews Corporation (NYSE: L) announced today the declaration of the Company's quarterly dividend of $0.0625 per share of Common Stock, payable December 13, 2013 to shareholders of record on November 29, 2013. Loews Corporation, a holding company, is one of the largest diversified corporations in the United States. Its principal subsidiaries are CNA Financial Corporation (NYSE: CNA), a 90% owned subsidiary; Diamond Offshore Drilling, Inc. (NYSE: D... 
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10/28/13Loews Corporation Reports Net Income Of $282 Million For The Third Quarter Of 2013
NEW YORK, Oct. 28, 2013 /PRNewswire/ -- Loews Corporation (NYSE: L) today reported net income for the 2013 third quarter of $282 million, or $0.73 per share, compared to $177 million, or $0.45 per share, in the 2012 third quarter. Net income for the third quarter of 2013 and 2012 includes after tax non-cash ceiling test impairment charges of $42 million and $166 million at HighMount Exploration & Production LLC related to the carrying value of its natural gas and oil properties. Excluding these ... 
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10/09/13Loews Corporation to Release Third Quarter Results on October 28
NEW YORK, Oct. 9, 2013 /PRNewswire/ -- Loews Corporation (NYSE: L) will report third quarter financial results on Monday, October 28, 2013.  A conference call for analysts and investors will begin at 11:00 a.m. EDT and will be hosted by the Company's chief executive officer, James S. Tisch, and chief financial officer, Peter W. Keegan. The news release and a live webcast of the conference call will be available online at the Loews Corporation website (www.loews.com).  Those interested in pa... 
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10/08/13Loews CFO Peter Keegan To Step Down After 18 Years With The Company
Company's Senior Vice President David Edelson to Succeed Keegan as CFO NEW YORK, Oct. 8, 2013 /PRNewswire/ -- Loews Corporation (NYSE: L) announced today that Peter Keegan will retire in May 2014  as Senior Vice President and Chief Financial Officer, a position he has held since 1997. Mr. Keegan will stay on at Loews as Senior Advisor. "Pete and I have worked together closely since he joined the company almost 20 years ago," said James Tisch, President and Chief Executive Officer of Loews... 
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08/13/13Loews Corporation Elects Anthony Welters To Its Board of Directors
NEW YORK, Aug. 13, 2013 /PRNewswire/ -- Loews Corporation (NYSE:L) announced today that Anthony Welters has been elected a director of Loews, to take office effective October 8, 2013.  Mr. Welters is Executive Vice President and a member of the Office of the CEO of UnitedHealth Group Incorporated.  He is also Chairman of the Boards of the Morehouse School of Medicine and of New York University School of Law.  With the election of Mr. Welters, the Loews Board will consist of 14 directors, 11 ... 
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08/13/13Loews Corporation Announces Quarterly Dividend On Common Stock
NEW YORK, Aug. 13, 2013 /PRNewswire/ -- Loews Corporation (NYSE: L) announced today the declaration of the Company's quarterly dividend of $0.0625 per share of Common Stock, payable September 16, 2013 to shareholders of record on August 30, 2013. Loews Corporation, a holding company, is one of the largest diversified corporations in the United States. Its principal subsidiaries are CNA Financial Corporation (NYSE: CNA), a 90% owned subsidiary; Diamond Offshore Drilling, Inc. (NYSE: DO), a 50.... 
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07/29/13Loews Corporation Reports Net Income Of $269 Million For The Second Quarter Of 2013
NEW YORK, July 29, 2013 /PRNewswire/ -- Loews Corporation (NYSE: L) today reported net income for the 2013 second quarter of $269 million, or $0.69 per share, compared to $56 million, or $0.14 per share, in the 2012 second quarter. Net income for the second quarter of 2012 includes an after tax non-cash impairment charge of $142 million at HighMount Exploration & Production LLC related to the carrying value of its natural gas and oil properties. Excluding this impairment charge, net inc... 
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07/17/13Loews Corporation Announces 2013 National Merit® Scholarship Program Winners
NEW YORK, July 17, 2013 /PRNewswire/ -- Loews Corporation (NYSE: L) today announced that five exceptional high school students have been awarded college scholarships as part of the National Merit® Scholarship Program funded by the Loews Foundation. Scholarships were awarded to four children of Loews employees who have been recognized as National Merit Scholars or Special Scholarship recipients. The fifth student is a National Achievement® Scholar from a New York City high school who also qualifi... 
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07/10/13Loews Corporation to Release Second Quarter Results on July 29
NEW YORK, July 10, 2013 /PRNewswire/ -- Loews Corporation (NYSE: L) will report second quarter financial results on Monday, July 29, 2013.  A conference call for analysts and investors will begin at 11:00 a.m. EDT and will be hosted by the Company's chief executive officer, James S. Tisch, and chief financial officer, Peter W. Keegan. The news release and a live webcast of the conference call will be available online at the Loews Corporation website (www.loews.com).  Those interested in parti... 
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05/24/13Loews Corporation CEO James S. Tisch to Speak at the Sanford C. Bernstein Strategic Decisions Conference
NEW YORK--(BUSINESS WIRE)--May. 24, 2013-- Loews Corporation (NYSE: L) announced today that James S. Tisch, Chief Executive Officer, will participate in the Sanford C. Bernstein & Co. Strategic Decisions Conference in New York. Mr. Tisch is scheduled to speak on May 31, 2013 at 9:00 am EDT. An audio webcast will be available live and for replay on the Events & Presentations section of the Loews investor relations website: http://ir.loews.com. ... 
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05/15/13Loews Corporation to Present at 2013 Barclays Americas Select Franchise Conference
NEW YORK--(BUSINESS WIRE)--May. 15, 2013-- Loews Corporation (NYSE: L) announced today that David B. Edelson, Senior Vice President, will present at the Barclays Americas Select Franchise Conference in London. Mr. Edelson is scheduled to speak on May 21, 2013 at 9:15 am UK time. A webcast will be available live and for replay on the Events & Presentations section of the Loews investor relations website: http://ir.loews.com. Loews Corpo... 
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05/14/13Loews Corporation Announces Quarterly Dividend on Common Stock
NEW YORK--(BUSINESS WIRE)--May. 14, 2013-- Loews Corporation (NYSE: L) announced today the declaration of the Company’s quarterly dividend of $0.0625 per share of Common Stock, payable June 14, 2013 to shareholders of record on June 3, 2013. Loews Corporation, a holding company, is one of the largest diversified corporations in the United States. Its principal subsidiaries are CNA Financial Corporation (NYSE: CNA), a 90% owned subsidiary; Diamond... 
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05/02/13Loews Corporation Prices $1.0 Billion Offering of Senior Notes
NEW YORK--(BUSINESS WIRE)--May. 2, 2013-- Loews Corporation (NYSE: L) announced today that it has priced a public offering of $1.0 billion aggregate principal amount of senior notes consisting of $500 million of 2.625% senior notes due 2023 and $500 million of 4.125% senior notes due 2043. Loews expects the offering to close on May 7, 2013, subject to customary closing conditions. Loews intends to use the net proceeds from the offering for general corpor... 
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04/29/13Loews Corporation Reports Net Income of $242 Million for the First Quarter of 2013
NEW YORK--(BUSINESS WIRE)--Apr. 29, 2013-- Loews Corporation (NYSE:L) today reported net income for the 2013 first quarter of $242 million, or $0.62 per share, compared to $367 million, or $0.92 per share, in the 2012 first quarter. Net income in the first quarter of 2013 includes an after tax ceiling test impairment charge of $92 million at HighMount Exploration & Production LLC related to the carrying value of its natural gas and oil properties as ... 
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04/15/13Loews Corporation to Release First Quarter Results on April 29
NEW YORK--(BUSINESS WIRE)--Apr. 15, 2013-- Loews Corporation (NYSE: L) will report first quarter financial results on Monday, April 29, 2013. A conference call for analysts and investors will begin at 11:00 a.m. EDT and will be hosted by the Company’s chief executive officer, James S. Tisch, and chief financial officer, Peter W. Keegan. The news release and a live webcast of the conference call will be available online at the Loews Corpora... 
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04/11/13Loews Corporation Takes “Whimsical” Approach to Communicating its Value Investing Principles
Message Aimed at Appealing to a Broader Segment of the Investment Community NEW YORK--(BUSINESS WIRE)--Apr. 11, 2013-- Loews Corporation (NYSE:L) announced today the launch of The Adventures of Lotta Value, Investment Hunter!, a unique and engaging way to communicate its core principles of value investing and conservative financial management. These principles have been used to guide the company for more than 50 years and are th... 
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02/26/13Loews Corporation Amends Record Date for Quarterly Dividend Declared on February 12, 2013
NEW YORK--(BUSINESS WIRE)--Feb. 26, 2013-- Loews Corporation (NYSE:L) announced today that it has amended the record date for the Company’s quarterly dividend of $0.0625 per share of Common Stock declared on February 12, 2013. The new record date is March 8, 2013. The dividend payment date of March 15, 2013 remains unchanged. Loews Corporation, a holding company, is one of the largest diversified corporations in the United States. Its princip... 
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02/12/13Loews Corporation Announces Quarterly Dividend on Common Stock
NEW YORK--(BUSINESS WIRE)--Feb. 12, 2013-- Loews Corporation (NYSE: L) announced today the declaration of the Company’s quarterly dividend of $0.0625 per share of Common Stock, payable March 15, 2013 to shareholders of record on March 1, 2013. Loews Corporation, a holding company, is one of the largest diversified corporations in the United States. Its principal subsidiaries are CNA Financial Corporation (NYSE: CNA), a 90% owned subsidiary; D... 
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02/11/13Loews Corporation Reports Net Income for 2012
NEW YORK--(BUSINESS WIRE)--Feb. 11, 2013-- Loews Corporation (NYSE:L) today reported net income for 2012 of $568 million or $1.43 per share as compared to $1.1 billion or $2.62 per share in 2011. Net income in 2012 includes catastrophe losses of $243 million (after tax and noncontrolling interests) at CNA Financial Corporation primarily related to Storm Sandy and after tax ceiling test impairment charges of $433 million at HighMount Exploration &... 
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01/23/13Loews Corporation to Release Fourth Quarter and Year End 2012 Results on February 11
NEW YORK--(BUSINESS WIRE)--Jan. 23, 2013-- Loews Corporation (NYSE: L) will report fourth quarter and year end 2012 financial results on Monday, February 11, 2013. A conference call for analysts and investors will begin at 11:00 a.m. EST and will be hosted by the Company’s chief executive officer, James S. Tisch, and chief financial officer, Peter W. Keegan. The news release and a live webcast of the conference call will be available o... 
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01/11/13Robert Gendelman Joins Loews Corporation as Senior Portfolio Manager and Head of Equity Investments
NEW YORK--(BUSINESS WIRE)--Jan. 11, 2013-- Loews Corporation (NYSE: L) has hired Robert Gendelman as a Senior Portfolio Manager and Head of Equity Investments. Gendelman has more than 20 years of experience in the financial services industry and has a proven track record as a value investor. Most recently, Gendelman was Chief Investment Officer for RG Advisors, and prior to that was Managing Director at Clearbridge Advisors -- a Legg M... 
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