COMPANY FACT SHEET

FEBRUARY 2013

Loews Corporation is a diversified holding company rooted in the principles of value investing and focused
on building long-term value as a means of generating wealth for our shareholders. Primary assets include
three publicly traded and two wholly owned subsidiaries and a large portfolio of cash and investments.
Loews is traded on the New York Stock Exchange under the symbol L.

Company Structure

CNA Financial is
one of the largest
commercial property
& casualty insurance
companies in the
United States.
NYSE Symbol: CNA
Market Cap: $7.5B
Ownership: 90%

Diamond Offshore
Drilling is a worldwide
deep water driller,
with 44 offshore
drilling rigs.
NYSE Symbol: DO
Market Cap: $9.4B
Ownership: 50.4%

Ownership and market capitalization as of December 31, 2012

HighMount is engaged
in the exploration, production and marketing
of natural gas and oil
(including condensate
and natural gas liquids)
located primarily in
the Permian Basin in
West Texas.
Ownership: 100%

Boardwalk Pipeline
Partners is engaged
in the interstate transportation and storage
of natural gas.
NYSE Symbol: BWP
Market Cap: $5.9B

Loews Hotels is
among the countrys
top luxury lodging
companies, with 19
hotel properties in
the United States
and Canada.
Ownership: 100%

Ownership: 55%

Valuing Loews
The availability of public market valuations for three of our businesses
helps investors determine an estimated sum-of-the-parts valuation
for Loews common stock. While we believe that Loewss true value
is more than just the sum of its parts, such a readily calculable
valuation metric is indeed beneficial to investors.
Based on the closing stock prices on December 31, 2012, the value
of Loewss 90 percent ownership of CNA common stock, 50.4 percent
ownership of Diamond Offshore common stock and 50 percent
limited partnership interest in Boardwalk Pipeline totaled approximately
$14.1 billion, or $36.01 per share of Loews common stock.
Loews Corporations other assets include our two wholly owned
subsidiaries, HighMount and Loews Hotels; our 100 percent
ownership of Boardwalk Pipelines general partner; our Boardwalk
Pipeline Class B units and subordinated debt; and our holding
company cash and investments.

Non-Public Subsidiaries
HighMount
Loews Hotels
Boardwalk Pipeline General Partner
Other Assets, as of December 31, 2012
$3.9B of Cash and Investments
22.9M Boardwalk Class B Units
Public Subsidiaries
Common Shares Owned by Loews:
CNA: 242,382,673
DO: 70,104,620
BWP: 102,719,466

SELECTED FINANCIAL DATA

Loews Corporations most recent SEC filings can be found at www.Loews.com/reports

Year Ended December 31

2012
2011 2010 2009 2008

(In millions)

Revenues:
CNA Financial
$9,487
$8,982
$9,122
$9,329
$9,096
Diamond Offshore
3,072
3,334 3,361 3,653 3,486
Boardwalk Pipeline
1,187
1,144
1,129
910
848
HighMount
297
390 455 620 770
Loews Hotels
397
337
308
284
380
Investment income (loss) and other
55

(6)
184
174
(39)

14,495
14,181
14,559
14,970
14,541
Investment gains (losses):
CNA Financial

60
(19)
86
(857)
(1,297)
Corporate and other
(3)
(33)
(30)
4
3

57
(52)
56
(853)
(1,294)
Total
$14,552
$14,129 $14,615 $14,117 $13,247

Net Income (Loss) Attributable to Loews Corporation:
CNA Financial
$535
$567
$610
$904
$488
Diamond Offshore
337
451
446
642
612
Boardwalk Pipeline
111 77 114 67 125
HighMount
(407)
62
77
(537)
(575)
Loews Hotels
7
13
1
(34)
40
Investment income (loss)
41
3
123
113
(33)
Other
(89)
(80)
(90)
(86)
(85)

535
1,093
1,281
1,069
572
Investment gains (losses):
CNA Financial
35
(10)
46
(505)
(756)
Corporate and other
(2)
(21)
(19)
2
2

33
(31)
27
(503)
(754)

Income (loss) from continuing operations
$568
$1,062
$1,308
$566

Holding Company Financial Position

$(182)

(In millions, except per share data)

Cash and investments

Debt
Shareholders equity
Cash dividends per share
Book value per share
Shares outstanding

$3,879
$3,316
$4,637
$3,028
$2,345
693
694
867
867
866
19,459
18,772 18,450 16,899 13,133
0.25
0.25
0.25
0.25
0.25
49.67
47.33
44.51
39.76
30.18
391.81
396.6 414.5 425.1 435.1

Contact information
Investor and
Public Relations
Mary Skafidas
(212) 521-2788
IR@Loews.com

Corporate Offices
Loews Corporation
667 Madison Avenue
New York, NY 10065
(212) 521-2000
www.Loews.com

Transfer Agent
BNY Mellon Shareowner Services
480 Washington Boulevard
Jersey City, NJ 07310-1900
800-358-9151
www.bnymellon.com/shareowner/isd
20633