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With a market cap of $22.4 billion, New York-based Loews Corporation (L) provides commercial property and casualty insurance in the United States and internationally through its subsidiaries. It offers a wide range of specialty and standard insurance products, along with risk management services, catering to businesses, professionals, and the healthcare sector.
Companies valued more than $10 billion are generally considered “large-cap” stocks, and Loews fits this criterion perfectly. Beyond insurance, the company is involved in energy transportation, hospitality, and the manufacturing of plastic containers and resins.