Company: L
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0001140361-25-011755
Chunk: 14

Company: LOEWS CORP
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 14
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     | Senior Vice President and Chief Investment Officer |

WHO WE ARE Loews Corporation is a holding company. We own significant interests in a diverse portfolio of businesses, including:

| CNA Financial Corporation is a property and casualty insurer (approximately 92% ownership interest) |     | Boardwalk Pipelines is a provider of transportation and storage services for natural gas and natural gas liquids (100% ownership interest) |     | Loews Hotels is an operator and manager of hotels (100% ownership interest) |     | Altium Packaging is a manufacturer of rigid plastic packaging (approximately 53% unconsolidated ownership interest) |

In addition, we had approximately $3.3 billion of cash and investments at the holding company level as of December 31, 2024. Our primary function is to allocate our capital in ways that drive long-term value creation and returns for our shareholders. To do this we make decisions related to investments in our subsidiaries, repurchases of our shares, acquisitions and dispositions of subsidiaries and prudent investment of our cash and investment assets.

| Loews Corporation2025 Proxy Statement |     | 23 |

TABLE OF CONTENTS Executive Compensation

In light of our business model, our most critical asset is our people — our human capital — including our senior leadership team that drives our capital allocation decisions. All of our executive officers and other employees are located in our headquarters office in New York City. We not only compete for leadership talent with our and our subsidiaries’ peer companies, but also with New York City-based financial services firms, including investment and commercial banks, private equity funds, hedge funds, insurance and reinsurance companies and other sophisticated financial firms. Our compensation policies and practices are driven by our need to attract and retain highly qualified, financially sophisticated executive officers in this competitive marketplace and motivate them to provide a high level of performance for our shareholders. OUR COMPENSATION PHILOSOPHY We have maintained a consistent compensation philosophy for many years, which takes into account that the quality of our leadership has a direct impact on our performance. Our compensation philosophy is based on the following objectives:

| ▪ | Motivating superior long-term financial performance and the creation of shareholder value over the long term; |

| ▪ | Discouraging unreasonable risk taking; |

| ▪ | Aligning compensation with our long-term strategy and focus and the interests of our shareholders; |

| ▪ | Providing market-competitive compensation; |

| ▪ | Avoiding excessive compensation; and |

| ▪ | Attracting and retaining high-caliber