Channel
Login
L Logo

L

Loews Corporation

$86.25
0.17
 (0.2%)
Exchange:   NYSE
Market Cap:   18.783B
Shares Outstanding:   217.777M
Sector:  Financial Services
Industry:  Insurance – Property & Casualty
   
CEO:  Mr. James S. Tisch
Full Time Employees:  12280
Address: 
667 Madison Avenue
New York
NY
10065-8087
US
Website:  https://www.loews.com
Loews Corporation provides commercial property and casualty insurance in the United States and internationally. The company offers specialty insurance products, such as management and professional liability, and other coverage products; surety and fidelity bonds; property insurance products that include property, marine and boiler, and machinery coverages; and casualty insurance products, such as workers’ compensation, general and product liability, and commercial auto and umbrella coverages. It also provides loss-sensitive insurance programs; and warranty, risk management, information, and claims administration services. The company markets its insurance products and services through independent agents, brokers, and managing general underwriters. In addition, the company is involved in the transportation and storage of natural gas and natural gas liquids(NGLs), and hydrocarbons through natural gas pipelines covering approximately 13,615 miles of interconnected pipelines; 450 miles of NGL pipelines in Louisiana and Texas; 14 underground storage fields with an aggregate gas capacity of approximately 213 billion cubic feet of natural gas; and eleven salt dome caverns and related brine infrastructure for providing brine supply services. Further, the company operates a chain of 26 hotels; and develops, manufactures, and markets a range of extrusion blow-molded and injection molded plastic containers for customers in the pharmaceutical, dairy, household chemicals, food/nutraceuticals, industrial/specialty chemicals, and water and beverage/juice segments, as well as manufactures commodity and differentiated plastic resins from recycled plastic materials. Loews Corporation was incorporated in 1969 and is headquartered in New York, New York.

Click to read more…

Revenue Segmentation

Error: No data found for the specified symbol.

EPS

Earnings Call

Read the full earnings transcript for L.

No time? No problem!

Get Key Takeaways of the earning calls!   So you can focus on what's important.   Access a concise A.I. generated summary of the earnings report.

WARNING: AI-generated summary.
While this is a phenomenal tool that can save you time and provide meaningful insights and key takeaways from the earnings call, it may contain inaccuracies or misinterpretations. For precise information, please refer to the original transcript.

Income Statement

(* All numbers are in thousands)

Fiscal Year2014201520162017201820192020202120222023
Revenue14,325,00013,415,00013,105,00013,735,00014,066,00014,931,00013,794,00014,117,00014,044,00015,678,000
Cost Of Revenue0000000000
Gross Profit14,325,00013,415,00013,105,00013,735,00014,066,00014,931,00013,794,00014,117,00014,044,00015,678,000
Research And Development Expenses0000000000
General And Administrative Expenses0000000000
Selling And Marketing Expenses0000000000
Selling General And Administrative Expenses004,164,0004,665,0004,806,0004,851,0003,916,0002,957,0003,052,0003,381,000
Other Expenses12,017,00012,651,00011,633,00011,507,00012,658,000-18,850,000-19,083,000-15,623,0003,077,000-6,581,000
Operating Expenses12,017,00012,651,00011,633,00011,507,00012,658,000-18,850,000-19,083,000-15,623,0003,077,0006,581,000
Cost And Expenses12,515,00013,171,00012,169,00012,153,00013,232,00013,812,00015,258,00011,935,00012,663,00013,682,000
Interest Income00000591,000515,000424,000378,0000
Interest Expense498,000520,000536,000646,000574,000591,000515,000424,000378,000376,000
Depreciation And Amortization899,000955,000841,000874,0001,656,0001,687,0001,646,0001,606,0001,712,0001,737,000
EBITDA2,445,0001,692,0002,251,0002,854,0002,250,000-2,976,000-4,555,000-991,0001,161,000-1,656,000
Operating Income1,546,000737,0001,410,0001,980,0001,338,000-3,919,000-5,289,000-1,506,000652,000-2,194,000
Total Other Income Expenses Net4,896,0004,699,0003,996,0004,443,0004,994,0005,038,0003,825,0003,688,000729,0004,079,000
income Before Tax1,810,000244,000936,0001,582,000834,0001,119,000-1,464,0002,182,0001,381,0001,996,000
Income Tax Expense457,000-43,000220,000170,000128,000248,000-173,000479,000278,000451,000
Net Income591,000260,000654,0001,164,000636,000932,000-1,291,0001,562,000822,0001,434,000
Eps1.5500.7601.9303.4601.9903.080-4.6106.0803.3906.300
Eps Diluted1.5500.7201.9303.4501.9903.070-4.6106.0603.3806.290
Weighted Average Shares Outstanding381,920339,897.547337,950336,610319,060302,700280,320259,670242,830227,480
Weighted Average Shares Outstanding Diluted382,550362,690338,310337,500319,930303,350280,320260,200243,280227,810
CurrencyUSDUSDUSDUSDUSDUSDUSDUSDUSDUSD

Balance Sheet

(* All numbers are in thousands)

Fiscal Year2014201520162017201820192020202120222023
Cash And Cash Equivalents364,000440,000327,000472,000405,000336,000478,000621,000532,000399,000
Short Term Investments46,779,00044,391,00045,658,00046,130,00043,411,00046,815,00049,278,00049,233,00042,481,00044,821,000
Cash And Short Term Investments47,143,00044,831,00045,985,00046,602,00043,816,00047,151,00049,756,00049,854,00043,013,00045,220,000
Net Receivables7,358,0007,633,0007,234,0007,200,0007,566,0007,280,0007,452,0008,896,0009,000,0009,214,000
Inventory00000-9,816,000-9,986,000-10,915,000-59,577,000-62,419,000
Other Current Assets-54,137,000-52,024,000-52,892,000-53,330,000-49,684,0009,816,0009,986,00010,915,00010,374,00010,134,000
Total Current Assets364,000440,000327,000472,0001,698,00054,431,00057,208,00058,750,0002,810,0002,149,000
Property Plant Equipment Net15,611,00015,477,00015,230,00015,427,00015,511,00015,568,00010,451,0009,888,00010,027,00010,718,000
Goodwill374,000351,000346,000659,000665,000767,000785,000349,000346,000347,000
Intangible Assets682,000351,000742,000638,000611,000647,000610,000109,000111,000151,000
Goodwill And Intangible Assets374,000351,000346,0001,297,0001,276,0001,414,0001,395,000458,000457,000498,000
Long Term Investments51,301,00048,576,00050,028,00051,281,00047,285,00050,178,00052,679,00052,847,00045,644,00048,246,000
Tax Assets379,000101,000636,000749,000715,000456,000225,000150,000141,00094,000
Other Non Current Assets10,338,00011,084,00010,027,00010,360,00011,831,000-456,000-225,000-150,000-141,000-59,462,000
Total Non Current Assets78,003,00075,589,00076,267,00079,114,00076,618,00067,160,00064,525,00063,193,00056,128,00094,000
Other Assets00000-39,348,000-41,497,000-40,317,00016,556,00076,954,000
Total Assets78,367,00076,029,00076,594,00079,586,00078,316,00082,243,00080,236,00081,626,00075,494,00079,197,000
Account Payables673,000567,000150,00060,00042,000108,00092,00090,000133,00079,000
Short Term Debt335,0001,040,000110,000280,00017,00077,00037,00093,000854,0001,084,000
Tax Payables0000000000
Deferred Revenue000000004,714,000-1,163,000
Other Current Liabilities47,746,00047,318,00047,503,00048,789,00048,380,000-185,000-129,000-183,000-133,000102,000
Total Current Liabilities48,754,00048,925,00047,763,00049,129,00048,439,000185,000129,000183,0005,568,000102,000
Long Term Debt10,333,0009,543,00010,668,00011,253,00011,359,00011,456,00010,072,0008,986,0008,165,0007,919,000
Deferred Revenue Non Current00003,402,0003,779,0004,023,0004,503,0004,714,0004,694,000
Deferred Tax Liabilities Non Current893,000382,000636,000749,000841,0001,168,0001,065,0001,079,000243,000398,000
Other Non Current Liabilities-893,000-405,000-636,000-749,000-4,243,000-16,403,000-15,160,000-14,568,000-11,201,000-11,135,000
Total Non Current Liabilities10,333,0009,520,00010,668,00011,253,00011,359,00016,403,00015,160,00014,568,0001,921,0001,876,000
Other Liabilities-5,370,000-5,226,000-5,198,000-5,362,000-2,868,00043,725,00045,766,00047,700,00052,527,00060,694,000
Capital Lease Obligations014,00014,00015,00015,000593,000445,000306,000402,000332,000
Total Liabilities53,717,00053,219,00053,233,00055,020,00056,930,00060,313,00061,055,00062,451,00060,016,00062,672,000
Preferred Stock0000000000
Common Stock4,0003,0003,0003,0003,0003,0003,0002,0002,0002,000
Retained Earnings15,515,00014,731,00015,196,00016,096,00015,773,00015,823,00014,150,00014,776,00015,144,00015,617,000
Accumulated Other Comprehensive Income Loss280,000-357,000-223,000-26,000-880,000-68,000581,000186,000-3,284,000-2,497,000
Other Total Stockholders Equity3,481,0003,184,0003,187,0003,131,0003,622,0003,361,0003,126,0002,882,0002,736,0002,582,000
Total Stockholders Equity19,280,00017,561,00018,163,00019,204,00018,518,00019,119,00017,860,00017,846,00014,598,00015,704,000
Total Equity24,650,00022,810,00023,361,00024,566,00021,386,00021,930,00019,181,00019,175,00015,478,00016,525,000
Total Liabilities And Stockholders Equity78,367,00076,029,00076,594,00079,586,00078,316,00082,243,00080,236,00081,626,00075,494,00079,197,000
Minority Interest5,370,0005,249,0005,198,0005,362,0002,868,0002,811,0001,321,0001,329,000880,000821,000
Total Liabilities And Total Equity78,367,00076,029,00076,594,00079,586,00078,316,00082,243,00080,236,00081,626,00075,494,00079,197,000
Total Investments52,032,00049,400,00050,711,00052,226,00048,186,00051,250,00053,844,00053,938,00046,768,00049,369,000
Total Debt10,668,00010,583,00010,778,00011,533,00011,376,00011,533,00010,109,0009,079,0009,019,0009,003,000
Net Debt10,304,00010,143,00010,451,00011,061,00010,971,00011,197,0009,631,0008,458,0008,487,0008,604,000
CurrencyUSDUSDUSDUSDUSDUSDUSDUSDUSDUSD

Cash Flow Statement

(* All numbers are in thousands)

Fiscal Year2014201520162017201820192020202120222023
Net Income962,000287,000716,0001,412,000706,000871,000-1,291,0001,703,0001,103,0001,545,000
Depreciation And Amortization899,000955,000841,000874,000912,000943,000734,000515,000509,000538,000
Deferred Income Tax11,000-225,000102,000-47,00086,00070,000-235,000213,0005,000127,000
Stock Based Compensation12,00014,00032,00033,00035,00037,00037,00033,00034,00036,000
Change In Working Capital285,0001,270,000-320,000218,0001,843,000-211,000385,000926,0001,301,0001,708,000
Accounts Receivables738,000120,00024,00093,000-131,000114,000-425,000-1,409,000-316,000-268,000
Inventory0000000000
Accounts Payables0000000000
Other Working Capital285,0001,270,000-320,000218,0001,843,000-325,000810,0002,335,0001,617,0001,976,000
Other Non Cash Items201,000122,00046,000124,0002,000-2,000-6,000-10,000362,000109,000
Net Cash Provided By Operating Activities2,990,0003,547,0002,253,0002,590,0004,222,0001,741,0001,745,0002,623,0003,314,0003,907,000
Investments In Property Plant And Equipment-2,753,000-1,555,000-1,450,000-1,031,000-995,000-1,041,000-710,000-482,000-660,000-686,000
Acquisitions Net479,000-138,000223,000-1,098,000126,000427,000181,000364,000-229,000-572,000
Purchases Of Investments-9,448,000-8,737,000-9,827,000-9,232,000-10,785,000-8,661,000-10,721,000-9,752,000-10,142,000-6,989,000
Sales Maturities Of Investments10,324,0008,662,0008,709,0009,079,00010,439,0008,782,00010,446,0008,596,0008,776,0005,680,000
Other Investing Activites-72,000-167,000158,000-373,000-229,000-178,000-610,00087,000-92,000-178,000
Net Cash Used For Investing Activites-1,470,000-1,935,000-2,187,000-2,655,000-1,444,000-671,000-1,414,000-1,187,000-2,347,000-2,745,000
Debt Repayment-2,269,000-101,000-3,418,000-2,411,000-1,043,000-1,956,000-1,726,000-1,193,000-640,000-878,000
Common Stock Issued6,000121,0003,614,0003,067,000865,0002,076,0002,659,0001,199,0000778,000
Common Stock Repurchased-622,000-1,265,000-134,000-216,000-2,530,000-1,051,000-923,000-1,136,000-729,000-849,000
Dividends Paid-95,000-90,000-84,000-84,000-80,000-76,000-70,000-65,000-61,000-57,000
Other Financing Activites1,538,000-69,000-144,000-155,000-47,000-137,000-138,000-94,000393,000-294,000
Net Cash Used Provided By Financing Activities-1,442,000-1,525,000-166,000201,000-2,835,000-1,144,000-198,000-1,289,000-1,037,000-1,300,000
Effect Of Forex Changes On Cash-8,000-11,000-13,0009,000-10,0005,0009,000-4,000-19,0005,000
Net Change In Cash70,00076,000-113,000145,000-67,000-69,000142,000143,000-89,000-133,000
Cash At End Of Period364,000440,000327,000472,000405,000336,000478,000621,000532,000399,000
Cash At Beginning Of Period294,000364,000440,000327,000472,000405,000336,000478,000621,000532,000
Operating Cash Flow2,990,0003,547,0002,253,0002,590,0004,222,0001,741,0001,745,0002,623,0003,314,0003,907,000
Capital Expenditure-2,753,000-1,555,000-1,450,000-1,031,000-995,000-1,041,000-710,000-482,000-660,000-686,000
Free Cash Flow237,0001,992,000803,0001,559,0003,227,000700,0001,035,0002,141,0002,654,0003,221,000
CurrencyUSDUSDUSDUSDUSDUSDUSDUSDUSDUSD

Analyst Estimates

(* All numbers are in thousands)

Subscribe to get unlimited access! You get 5 years of Analyst Estimates (revenue, net income, EPS, and much more), plus earning calls key takaways!
Subscribe
Log in
Revenue
 (TTM)
:  		15.855B    P/S
 (TTM)
:  		1.4
Net Income
 (TTM)
:  		1.434B    P/E
 (TTM)
:  		11.3
Enterprise Value
 (TTM)
:  		27.732B    EV/FCF
 (TTM)
:  		11.69
Dividend Yield
 (TTM)
:  		0    Payout Ratio
 (TTM)
:  		0.03
ROE
 (TTM)
:  		0.1    ROIC
 (TTM)
:  		0.03
SG&A/Revenue
 (TTM)
:  		0    R&D/Revenue
 (TTM)
:  		0
Net Debt
 (TTM)
:  		8.986B    Debt/Equity
 (TTM)
 0.55
P/B
 (TTM)
:  		1.09    Current Ratio
 (TTM)
:  		0.02
L
1D
1W
1M
3M
6M
1Y
5Y

Trading Metrics:

Open:  86.35    Previous Close:  86.08
Day Low:  86.02    Day High:  86.7
Year Low:  71.45    Year High:  87.45
Price Avg 50:  83.94    Price Avg 200:  79.13
Volume:  398248    Average Volume:  763027
0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x