NEW YORK, February 18, 2003 — Loews Corporation (NYSE:LTR) announced today the declaration of the Company's quarterly dividend of $0.15 per share of Common Stock, payable March 17, 2003 to shareholders of record on March 3, 2003.

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Peter W. Keegan
Senior Vice President
(212) 521-2950

Joshua E. Kahn
Investor Relations
(212) 521-2788

Candace Leeds
V. P. of Public Affairs
(212) 521-2416