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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report: March 31, 2004
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(Date of earliest event reported): March 30, 2004
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LOEWS CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware
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(State or other jurisdiction of Incorporation)
1-6541 13-2646102
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(Commission (IRS Employer
File Number Identification No.)
667 Madison Avenue, New York, N.Y. 10021-8087
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code (212) 521-2000
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NOT APPLICABLE
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(Former Name or Former Address, if Changed Since Last Report)
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Page 1 of 2
Item 7. Financial Statements and Exhibits
(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
Exhibit No. Description
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99.1 CNA Financial Corporation press release, issued
March 30, 2004.
Item 9. Regulation FD Disclosure
On March 30, 2004, CNA Financial Corporation, a 90% owned subsidiary, issued
a press release stating that the previously announced sale of its individual
life insurance business to Swill Re Life & Health Inc., initially expected to
close on March 31, 2004, is now anticipated to be completed on April 30, 2004.
A copy of the press release is attached as Exhibit 99.1 to this Form 8-K.
The information in this Report (including the exhibit) is being furnished
and shall not be deemed "filed" for the purposes of Section 18 of the
Securities Exchange Act of 1934, as amended, or otherwise subject to the
liabilities of that Section. The information in this Report shall not be
deemed incorporated by reference into any filing under the Securities Act of
1933, as amended, except as expressly set forth by specific reference in such
filing.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
LOEWS CORPORATION
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(Registrant)
Dated: March 31, 2004 By: /s/ Gary W. Garson
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Gary W. Garson
Senior Vice President
General Counsel and Secretary
Page 2 of 2
Exhibit 99.1
CNA
FOR IMMEDIATE RELEASE
CONTACT:
MEDIA ANALYSTS
Charles M. Boesel, 312-822-2592 Dawn M. Jaffray, 312-822-7757
Katrina W. Parker, 312-822-5167
CNA FINANCIAL ANTICIPATES CLOSING APRIL 30, 2004 ON SALE OF ITS
INDIVIDUAL LIFE INSURANCE BUSINESS
CHICAGO - March 30, 2004 - CNA Financial Corporation (NYSE:CNA) today stated
that the previously announced sale of its individual life insurance business
to Swiss Re Life & Health America Inc. (Swiss Re), initially expected to close
on March 31, 2004, is now anticipated to be completed on April 30, 2004,
subject to certain customary closing conditions and regulatory approvals.
Neither party anticipates a problem with closing the transaction. The April
30th closing will help to ensure a smooth transition of the business from CNA
to Swiss Re.
About CNA
CNA is the country's fourth largest commercial insurance writer and the 11th
largest property and casualty company. CNA's insurance products include
standard commercial lines, specialty lines, surety, marine and other property
and casualty coverages. CNA services include risk management, information
services, underwriting, risk control and claims administration. For more
information, please visit CNA at www.cna.com. CNA is a registered service
mark, trade name and domain name of CNA Financial Corporation.
FORWARD-LOOKING STATEMENTS
This press release includes statements which relate to anticipated future
events (forward-looking statements) rather than actual present conditions or
historical events. You can identify forward-looking statements because
generally they include words such as "believes", "expects", "intends",
"anticipates", "estimates", and similar expressions. Forward-looking
statements, by their nature, are subject to a variety of inherent risks and
uncertainties that could cause actual results to differ materially from the
results projected. Many of these risks and uncertainties cannot be controlled
by CNA.
Any forward-looking statements made in this press release are made by CNA as
of the date of this press release. CNA does not have any obligation to update
or revise any forward-looking statement contained in this press release, even
if CNA's expectations or any related events, conditions or circumstances
change.
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