Leucadia National Corporation | Introduction
Introduction
315 Park Avenue South
New York, New York 10010
U.S.A.
Telephone: (212) 460-1900
Fax: (212) 598-4869
Web site: http://www.leucadia.com
Public Company
Incorporated: 1968 as Talcott National Corporation
Employees: 5,324
Sales: $2.26 billion (2004)
Stock Exchanges: New York
Ticker Symbol: LUK
NAIC: 524126 Direct Property and Casualty Insurance Carriers; 524113 Direct Life Insurance Carriers; 524114 Direct Health and Medical Insurance Carriers
A holding company, Leucadia National Corporation owns businesses ranging from insurance to telecommunications. Although the roots of Leucadia National stretch back to 1854, Leucadia began to grow through acquisitions in 1980, and from that year forward purchased companies that increased its financial magnitude. Through the course of the company's growth during the 1980s, it became heavily involved in the insurance business, specifically commercial and personal property and casualty insurance, as well as health and life insurance. In addition to these businesses, Leucadia National also owned significant interests in banking and lending, trading stamps, bathroom vanities manufacturing, and motivational services. By the 1990s, the company's acquisition strategy had elevated revenues over the billion dollar mark. But Leucadia's ability to capitalize on its investments appeared to be slipping with its entry into the telecommunications business in the early 21st century.