| | Business Summary | | Loews
Corporation
is
a
holding
company.
Its
subsidiaries
are
engaged
in
property,
casualty
and
life
insurance
(CNA
Financial
Corporation,
an
87%-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
53%-owned
subsidiary),
and
the
distribution
and
sale
of
watches
and
clocks
(Bulova
Corporation,
a
97%-owned
subsidiary). | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | Loews
Corporation
is
a
holding
company
whose
subsidiaries
are
engaged
in
property,
casualty
and
life
insurance,
the
production
and
sale
of
cigarettes
and
watches,
and
the
operation
of
hotels
and
oil
and
gas
drilling
rigs.
For
the
six
months
ended
6/30/01,
revenues
fell
5%
to
$9.42
billion.
Net
loss
before
acct.
change
totaled
$889.6
million,
vs.
an
income
of
$694.2
million.
Results
reflect
a
decrease
in
insurance
premiums
and
increased
insurance
claims
and
policyholder's
benefits. | | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Laurence Tisch, 78
Co-Chairman | $1.0M | Preston Tisch, 74
Co-Chairman | 1.8M | James Tisch, 48
Pres
and CEO | 1.8M | Peter Keegan, 56
CFO,
Sr. VP | -- | Jonathan Tisch, 47
Office
of the Pres | 1.4M | | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/l/ltr.gif)