Investor Presentation
Investor Presentation
2022 Q3
Legal Disclaimers
Forward Looking Statements and Risk Factors. The information presented herein is generally available from public sources, including our and our subsidiaries' earnings releases and
There are a number of important risk factors that could cause the actual results for each of the companies discussed in this presentation to differ from those expressed in forward-looking statements contained herein, including those risk factors discussed in detail in annual and quarterly reports and other filings made with the
Non-GAAPFinancial Measures. Certain financial information presented herein includes non-GAAP financial measures. Management believes some investors may find these measures useful in evaluating our and our subsidiaries' performance. These non-GAAP measures are reconciled to GAAP numbers herein. We present non-GAAP measures only as a supplement to our financial statements based on GAAP. Please note that because all companies do not use identical calculations for non-GAAP measures, our presentation of these non-GAAP measures may not be comparable to similarly titled measures of other companies.
Where You Can Find More Information. Annual, quarterly and other reports filed with the
- To view the most recent
SEC filings ofLoews Corporation ,http://ir.loews.com/phoenix.zhtml?c=102789&p=irol-sec - To view the most recent
SEC filings ofCNA Financial Corporation ,https://investor-relations.cna.com/financial/latest-financials - To view the most recent
SEC filings ofBoardwalk Pipeline Partners, LP https://www.bwpipelines.com/news-and-media/sec-filings/
2
Loews Corporation Overview
Loews is a diversified holding company operating in the insurance, energy, hospitality and
packaging industries.
Long-term
view,
diversified
portfolio, one class of stock
& Investments
|
Publicly |
|
Traded |
|
Privately |
|
Held |
|
Property & |
|
|||||
|
90.0% |
Net Earned Premiums |
|||||
|
Casualty |
||||||
|
Ownership |
|
|||||
|
Insurance |
||||||
|
Market Cap |
||||||
|
Natural Gas & |
100% |
|
|
NGL Midstream |
Ownership |
EBITDA1 |
|
Deluxe & Luxury |
100% |
16,445 System-wide |
|
Hotels |
Ownership |
Guest Rooms2 |
Balance sheet and ownership data is as of
- See Appendix - "Boardwalk EBITDA" for reconciliation of EBITDA, a non-GAAP measure, to pretax income.
- See page titled "
Loews Hotels & Co - Portfolio" for additional disclosure.
|
Rigid Plastic |
53% |
|
|
Packaging |
Ownership |
|
3
Loews Investment Highlights
- Long history of conservative financial management and shareholder value creation
- Strong and consistent dividends from subsidiaries
- Prudent capital allocation strategy
- Strong liquidity with a portfolio of cash and investments in excess of parent company debt
- Focus on maintaining single-A credit ratings at parent company
4
Financial Performance
2022 Q3
Attachments
Disclaimer



Earnings Document
Renalytix Reports Full Year Fiscal 2022 Results
Advisor News
- Addressing the ‘menopause tax:’ A guide for advisors with female clients
- Alternative investments in 401(k)s: What advisors must know
- The modern advisor: Merging income, insurance, and investments
- Financial shocks, caregiving gaps and inflation pressures persist
- Americans unprepared for increased longevity
More Advisor NewsAnnuity News
- Globe Life Inc. (NYSE: GL) Making Surprising Moves in Monday Session
- Aspida Life and WealthVest Offer a Powerful New Guaranteed Income Product with the WealthLock® Income Builder
- Lack of digital tools drives wedge between insurers, advisors
- LIMRA: Annuity sales notch 10th consecutive $100B+ quarter
- AIG to sell remaining shares in Corebridge Financial
More Annuity NewsHealth/Employee Benefits News
- School, BOCES healthcare costs up 22%, here’s why
- Healthcare cuts threaten Sullivan's reelection chances in Alaska
- Health insurance marketplace feels growing tremors from GOP cuts
- GLP1s weight-loss drugs may soon be covered by health insurance under new Washington court ruling
- Private Medicare plans get a break
More Health/Employee Benefits NewsLife Insurance News
- Globe Life Inc. (NYSE: GL) Making Surprising Moves in Monday Session
- Dan Scholz to receive NAIFA’s Terry Headley Lifetime Defender Award
- Best’s Special Report: US Property/Casualty and Health Insurers Exceed Cost of Capital; Life Insurers Narrowly Miss
- Aspida Life and WealthVest Offer a Powerful New Guaranteed Income Product with the WealthLock® Income Builder
- Lack of digital tools drives wedge between insurers, advisors
More Life Insurance News