Loews Corporation
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Benjamin J. Tisch
- Full Time Employees
- 13,000
- Sector
- Financial Services
- Industry
- Insurance - Property & Casualty
- Address
- 9 West 57th Street New York City NY United States of America 10019-2714
- IPO Date
- Mar 17, 1980
- CIK
- 0000060086
- Website
- loews.com
- Similar Companies
- Business
- L&T Finance Limited (LTF), formerly L&T Finance Holdings Limited, operates as a leading non-banking financial company (NBFC) in India, offering a diversified portfolio of retail-focused financial products and services across rural and urban segments; core offerings include rural business finance, farmer finance encompassing farm equipment loans, micro loans, small and medium enterprise (SME) finance, urban finance featuring two-wheeler loans with an average ticket size of Rs 1 lakh, personal loans for medical emergencies, home renovation, weddings, vacations, education and debt consolidation, housing finance including home loans and loans against property, and a newly launched gold loan product under the Sampoorna Gold Loan brand. The company maintains over 13,000 distribution touchpoints, serves a customer database exceeding 2.3 crore, and employs more than 30,500 people, with approximately 98% of its loan book dedicated to retail financing and 55% allocated to rural and microfinance, farmer financing, and two-wheeler loans. L&T Finance Limited functions as a subsidiary of Larsen & Toubro Limited, holds AAA credit ratings from four leading agencies, and primarily targets individual consumers, small businesses, farmers, and underserved rural communities across India. Founded in 1994 and headquartered in Mumbai, India, the company rebranded from L&T Finance Holdings Limited to L&T Finance Limited in 2023 as part of its strategic evolution toward a digitally enabled, customer-centric retail finance model, achieving its Lakshya 2026 goals ahead of schedule in FY24 through enhanced technology adoption and the five pillars of execution: customer acquisition, credit underwriting, digital architecture, brand visibility, and capability building. Recent developments underscore robust growth and portfolio diversification; in June 2025, L&T Finance completed the acquisition of the gold loan business from Paul Merchants Finance Pvt. Ltd. (PMFL), integrating 130 branches, over 700 employees, and a Rs 1,350 crore loan book to bolster its secured, high-yield offerings and rural penetration. The company launched its first Sampoorna Gold Loan branch in Ujjain in October 2025, targeting 200 dedicated branches by FY26 amid a gold loan market growing at over 20% CAGR, while reporting record retail disbursements of Rs 54,267 crore in FY24 (29% YoY growth) and Rs 8,009 crore in October 2025 (39% YoY increase), driven by digital initiatives and partnerships such as with CRED for credit products. FY24 milestones include highest-ever annual profit after tax of Rs 2,320 crore (43% YoY growth), retail book surpassing Rs 80,000 crore (31% YoY), and ESG rating upgrades including MSCI from BBB to A and CDP from B to A-.
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