American Financial Group, Inc. (AFG) vs CNA Financial Corporation (CNA)

American Financial Group, Inc. and CNA Financial Corporation are both Insurance Property & Casualty companies. American Financial Group, Inc. and CNA Financial Corporation are of similar size ($12.5B and $11.5B). CNA Financial Corporation trades at the lower P/E: 10.1× against 12.1×. CNA Financial Corporation grew revenue faster over the last twelve months: 3.41% against −0.24%. American Financial Group, Inc. has the higher net margin (11.5% vs 8.16%) and the higher return on invested capital (14.4% vs 7.69%). Both pay a dividend; CNA Financial Corporation yields more (8.30% vs 4.48%). Across the 23 metrics below, CNA Financial Corporation leads on 13 and American Financial Group, Inc. on 10.

Valuation

Metric AFG CNA Insurance Property & Casualty median
P/E 12.08 10.11 10.29
P/S 1.39 0.82 1.17
P/B 2.38 1.11 1.83
Price to free cash flow 7.98 5.49 7.48
EV/EBITDA 8.58 10.03 7.49
EV/Sales 1.43 1.03 1.13
Earnings yield 8.28% 9.90% 9.50%
Free cash flow yield 12.53% 18.20% 13.29%

Profitability

Metric AFG CNA Insurance Property & Casualty median
Gross margin 22.29% 43.73% 41.16%
Operating margin 15.60% 11.23% 15.09%
Net margin 11.51% 8.16% 11.51%
Free cash flow margin 17.37% 14.96% 17.59%
Return on equity 20.41% 11.32% 18.19%
Return on assets 2.99% 1.78% 3.74%
Return on invested capital 14.44% 7.69% 12.06%

Growth

Metric AFG CNA Insurance Property & Casualty median
Revenue growth (TTM) (0.24%) 3.41% 8.69%
EPS growth (last fiscal year) (4.64%) 33.24% —
Revenue growth, 5-year CAGR 7.22% 6.76% 9.23%
Net income growth, 5-year CAGR 2.84% 13.12% 10.09%

Health

Metric AFG CNA Insurance Property & Casualty median
Debt to equity 0.38 0.27 0.25
Current ratio 0.49 0.23 0.42
Net debt to EBITDA 0.08 1.57 0.08

Dividend

Metric AFG CNA Insurance Property & Casualty median
Dividend yield 4.48% 8.30% 2.79%
Payout ratio 0.25 0.45 0.27

Size

Metric AFG CNA Insurance Property & Casualty median
Market cap 11.48b 12.48b 2.44b

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