Loews Corporation

Industry: Property Casualty Insurance

Fortune Rank: 165

LTR is a holding company whose subsidiaries are engaged in property, casualty and life insurance, the production and sale of cigarettes, and the operation of hotels and oil and gas drilling rigs. For the six months ended 6/30/05, revenues rose 5% to $7.77B. Net income rose 76% to $671.3M. Results reflect growth at Boardwalk Pipelines and Diamond Offshore and the absence of a $618.6M impairment loss on the sale of CNA's IL insurance business.

Loews Corporation is a holding company. Its subsidiaries are engaged in business of commercial property and casualty insurance (CNA Financial Corporation, a 91% owned subsidiary); the production and sale of cigarettes (Lorillard, Inc., a wholly owned subsidiary); the operation of hotels (Loews Hotels Holding Corporation, a wholly owned subsidiary); the operation of offshore oil and gas drilling rigs (Diamond Offshore Drilling, Inc., a 55%-owned subsidiary); the operation of interstate natural gas transmission pipeline systems (Boardwalk Pipelines, LLC (formerly TGT Pipeline, LLC), a wholly owned subsidiary), and the distribution and sale of watches and clocks (Bulova Corporation, a wholly owned subsidiary). In December 2004, the Company's subsidiary, TGT Pipeline, LLC acquired Gulf South Pipeline, LP from Entergy-Koch, LP.

Loews Corporation

Loews Corporation is a Fortune 500 company. In 2010 Loews Corporation was ranked number 165 on the Fortune 500 list, making it the 165th largest company in the United States when judged by revenue.

Loews Corporation achieved revenue of $14,123.00 million in 2010 and earned a profit of $564.00 million.

Loews Corporation' rank improves

The company ranking improved in 2010, moving up the Fortune 500 list to 165th compared to 174th in 2009. This was based on its 2009 revenue of $14,733 million (a change of 0 million compared to 2010) and profits of $4,530 million (a change of $560 million compared to 2009).

Another point of view

To many investors, profits are more important than the revenue a company earns. If the Fortune 500 was ranked by profits instead of revenue then Loews Corporation would be ranked 200th rather than 165th due to its profits of $564 in 2010.

Loews Corporation Revenue* Profit* Fortune Ranking

* US$ Million

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