Loews Corp. Files 8-K Report

TL;DR

Loews Corp. filed a standard 8-K on 9/18/24, confirming its corporate details.

AI Summary

On September 18, 2024, Loews Corp. filed an 8-K report. The filing indicates that the company is a Delaware corporation with its principal executive offices located at 9 West 57th Street, New York, NY. The report is a current report filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.

Why It Matters

This filing serves as an official notification to the SEC and the public about the company's current reporting status and corporate information.

Risk Assessment

Risk Level: low — This is a routine corporate filing that does not contain new material financial or operational information.

Key Numbers

• 0000060086 — Accession Number (Unique identifier for the filing)
• 1-6541 — SEC File Number (SEC's file number for the company)
• 13-2646102 — IRS Employer Identification No. (Company's IRS identification number)

Key Players & Entities

• LOEWS CORP (company) — Registrant
• Delaware (jurisdiction) — State of incorporation
• 9 West 57th Street, New York, NY 10019-2714 (address) — Principal executive offices
• 212-521-2000 (phone_number) — Registrant's telephone number
• September 18, 2024 (date) — Date of report

FAQ

Key Financial Figures

• $0.01 — ange on which registered Common stock, $0.01 par value L New York Stock Exchange I
• $800 million — ferred Participants") and approximately $800 million to $1 billion of the Plan's obligations
• $1 billion — nts") and approximately $800 million to $1 billion of the Plan's obligations, representing
• $300 — charge estimated between approximately $300 to $400 million ($215 to $290 million n
• $400 million — estimated between approximately $300 to $400 million ($215 to $290 million net of tax and no
• $215 — een approximately $300 to $400 million ($215 to $290 million net of tax and noncontr
• $290 million — oximately $300 to $400 million ($215 to $290 million net of tax and noncontrolling interests

Filing Documents

• l-20240918.htm (8-K) — 29KB
• 0000060086-24-000181.txt ( ) — 150KB
• l-20240918.xsd (EX-101.SCH) — 2KB
• l-20240918_lab.xml (EX-101.LAB) — 21KB
• l-20240918_pre.xml (EX-101.PRE) — 12KB
• l-20240918_htm.xml (XML) — 3KB

01 Other Events

Item 8.01 Other Events. A subsidiary of the Registrant's subsidiary, CNA Financial Corporation ("CNA"), as sponsor of the CNA Employee Retirement Plan Trust (the "Plan"), is evaluating potential counterparties (each, an "Insurer") in connection with the potential purchase of a group annuity contract, under which the Plan would transfer to the Insurer a portion of the Plan's defined benefit pension obligations. The potential purchase of a group annuity contract is anticipated to close in the fourth quarter of 2024 and is subject to the finalization of a commitment agreement with an Insurer and customary closing conditions. There can be no assurances that the potential purchase of a group annuity contract will occur or will occur on the terms described herein. The potential contract is expected to cover approximately 6,000 to 8,000 Plan participants and beneficiaries (the "Transferred Participants") and approximately $800 million to $1 billion of the Plan's obligations, representing approximately 50% to 60% of the Plan's total obligations. Under a potential group annuity contract, the Insurer would make an irrevocable commitment, and would be solely responsible, to pay the pension benefits of each Transferred Participant that are due on and after January 1, 2025. Such potential transaction would result in no changes to the amount of benefits payable to the Transferred Participants. The potential purchase of a group annuity contract is expected to be funded directly by assets of the Plan and would not require any cash or asset contributions from CNA. Upon completion of such potential transaction and based on anticipated closing timing, Registrant currently expects to recognize a one-time non-cash pretax pension settlement charge estimated between approximately $300 to $400 million ($215 to $290 million net of tax and noncontrolling interests) in the fourth quarter of 2024. This charge would be largely driven by the accelerated recognition of the actuarial pension

Forward-Looking Statements

Forward-Looking Statements 2

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. LOEWS CORPORATION (Registrant) Dated: September 18, 2024 By: /s/ Marc A. Alpert Marc A. Alpert Senior Vice President, General Counsel and Secretary 3

View Full Filing

View this 8-K filing on SEC EDGAR