FEBRUARY 2013

COMPANY FACT SHEET

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 Ownership and market capitalization as of December 31, 2012

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 Loews’s 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 Loews’s 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 Corporation’s other assets include our two wholly owned subsidiaries, HighMount and Loews Hotels; our 100 percent ownership of Boardwalk Pipeline’s general partner; our Boardwalk Pipeline Class B units and subordinated debt; and our holding company cash and investments.

Non-Public SubsidiariesHighMountLoews HotelsBoardwalk Pipeline General Partner

Other Assets, as of December 31, 2012$3.9B of Cash and Investments22.9M Boardwalk Class B Units

Public SubsidiariesCommon Shares Owned by Loews: CNA: 242,382,673 DO: 70,104,620 BWP: 102,719,466

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%

HighMount is engaged in the exploration, pro-duction and marketing of natural gas and oil (including condensate and natural gas liquids) located primarily in the Permian Basin in West Texas.

Ownership: 100%

Diamond Offshore Drilling is a worldwide deep water driller, with 44 offshore drilling rigs.

NYSE Symbol: DO

Market Cap: $9.4B

Ownership: 50.4%

Boardwalk Pipeline Partners is engaged in the interstate trans-portation and storage of natural gas.

NYSE Symbol: BWP

Market Cap: $5.9B

Ownership: 55%

Loews Hotels is among the country’s top luxury lodging companies, with 19 hotel properties in the United States and Canada.

Ownership: 100%

Corporate OfficesLoews Corporation667 Madison AvenueNew York, NY 10065(212) 521-2000www.Loews.com

Transfer AgentBNY Mellon Shareowner Services480 Washington BoulevardJersey City, NJ 07310-1900800-358-9151www.bnymellon.com/shareowner/isd

SELECtED FiNaNCiaL Data Loews Corporation’s most recent SEC filings can be found at www.Loews.com/reports

CoNtaCt iNFormatioNInvestor and Public RelationsMary Skafidas(212) 521-2788IR@Loews.com

20633

Year Ended December 31

2012 2011 2010 2009 2008 (In millions)

Revenues:CNA Financial $9,487 $8,982 $9,122 $9,329 $9,096Diamond Offshore 3,072 3,334 3,361 3,653 3,486Boardwalk 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 612Boardwalk 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 $(182) Holding Company Financial Position (In millions, except per share data)

Cash and investments $3,879 $3,316 $4,637 $3,028 $2,345Debt 693 694 867 867 866 Shareholders’ equity 19,459 18,772 18,450 16,899 13,133 Cash dividends per share 0.25 0.25 0.25 0.25 0.25 Book value per share 49.67 47.33 44.51 39.76 30.18 Shares outstanding 391.81 396.6 414.5 425.1 435.1