Loews is the rare conglomerate that works. A diversified holding company, Loews not only rolls cigarettes and drills for natural gas, but also insures others that do, too.
Its largest holding is its insurance subsidiary, CNA Financial, which accounts for 71% of Loews' equity. Lorillard, its cigarette unit, is a cash cow, thanks to top-selling brands
Newport, Kent, and True.
Lately, the New York company, which is owned the Tisch family, has been expanding into energy. In early June, Loews announced that it's buying $4 billion of natural-gas assets
from Dominion Resources.