Loews Corporation (L) Stock Analysis & Winston Score

Loews Corporation is a large American holding company that owns a collection of businesses across different industries. Its biggest piece is CNA Financial, one of the largest commercial insurance companies in the United States, which sells property and casualty insurance to businesses. Loews also owns Boardwalk Pipelines, which transports natural gas across the southern United States, and a chain of hotels under the Loews Hotels brand. Loews makes money in several ways — insurance premiums from CNA, fees for moving natural gas through pipelines, and revenue from hotel guests. The company operates mainly in the United States and generates roughly $15 billion in annual revenue. Its main competitive advantage is its diversified structure, which means a bad year in one business can be offset by a good year in another. The key risk is that CNA, which drives most of the profits, is exposed to large insurance losses from natural disasters, which are becoming more frequent and costly.