The company's majority-stake holdings include CNA Financial Corporation, Boardwalk Pipeline Partners, Loews Hotels and Altium Packaging.
[4] Loews Corporation traces its roots to 1946 when Laurence Tisch persuaded his parents to invest $125,000 to buy a resort hotel in Lakewood, New Jersey.
In 1959, the Tisch brothers purchased a controlling interest in Loew's Theatres, a nationwide chain of 102 movie theaters, from MGM.
This acquisition formed the foundation of the modern-day Loews Corporation, and the company was listed on the New York Stock Exchange that same year.
[7] In 2003, Loews purchased Texas Gas Transmission, then bought Gulf South Pipeline Company a year later.
Structured as a midstream master limited partnership (MLP), Boardwalk Pipeline provides transportation, storage, gathering, and processing of natural gas and liquids for its customers.
[10] On June 4, 2007, Loews Corporation announced it would acquire a portion of the operations of Dominion Resources for $4.03 billion dollars.
[14] Founders Laurence and Robert Tisch served as co-CEOs until 1998 when they retired as part of a generational shift in corporate leadership.
[15] The current members of the board of directors of Loews Corporation are Ann E. Berman, Joseph L. Bower, Charles D. Davidson, Charles M. Diker, Paul J. Fribourg, Walter L. Harris, Philip A. Laskawy, Susan P. Peters, Anthony Welters, Andrew H. Tisch, James S. Tisch and Jonathan M.
[18] On February 16, 2006, the company restated results from 2001 through September 2005 to correct accounting for discontinued operations acquired in CNA's merger with the Continental Corp. in 1995.