Loews Corporation, a holding company, is one of the largest diversified corporations in the United States. Its principal subsidiaries are listed below.

CNA Financial Corporation (90 percent owned) is one of the largest commercial property-casualty insurance companies in the United States.
(NYSE: CNA)
www.cna.com

Diamond Offshore Drilling, Inc. (50.4 percent owned) is one of the world's largest offshore drilling companies, offering comprehensive drilling services to the energy industry around the world. The company owns and operates 47 offshore drilling rigs.
(NYSE: DO)
www.diamondoffshore.com

HighMount Exploration & Production LLC (100 percent owned) is engaged in exploration and production of natural gas. HighMount's primary holdings are located in the Permian Basin in Texas, the Antrim Shale in Michigan and the Black Warrior Basin in Alabama.
www.highmountep.com

Boardwalk Pipeline Partners, LP (72 percent owned) is engaged in the operation of interstate natural gas pipeline systems.
(NYSE: BWP)
www.bwpmlp.com

Loews Hotels (100 percent owned) is one of the country's top luxury lodging companies. It owns and operates hotels and resorts in the United States and Canada.
www.loewshotels.com

For a better understanding of Loews Corporation, please read the following sections of our 2008 Annual Report: Letter to Shareholders and Employees, and Loews: A Financial Portrait. Click here to open a PDF copy.