Assurant, Inc. (AIZ) vs Cincinnati Financial Corporation (CINF)

Assurant, Inc. and Cincinnati Financial Corporation are both Insurance Property & Casualty companies. Cincinnati Financial Corporation is the larger, with a market value of $25.7B against $13.9B — 1.8× the size. Cincinnati Financial Corporation trades at the lower P/E: 8.0× against 13.4×. Cincinnati Financial Corporation grew revenue faster over the last twelve months: 19.6% against 9.36%. Cincinnati Financial Corporation has the higher net margin (23.8% vs 7.84%) and the higher return on invested capital (16.7% vs 12.6%). Both pay a dividend; Cincinnati Financial Corporation yields more (2.15% vs 1.24%). Across the 21 metrics below, Cincinnati Financial Corporation leads on 16 and Assurant, Inc. on 5.

Valuation

Metric AIZ CINF Insurance Property & Casualty median
P/E 13.41 7.99 10.75
P/S 1.04 1.89 1.21
P/B 2.30 1.58 1.99
Price to free cash flow 8.47 7.76 7.76
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 7.46% 12.52% 9.08%
Free cash flow yield 11.80% 12.88% 12.11%

Profitability

Metric AIZ CINF Insurance Property & Casualty median
Gross margin 78.12% 30.39% 41.16%
Operating margin 10.70% 30.16% 15.09%
Net margin 7.84% 23.84% 11.51%
Free cash flow margin 12.30% 24.37% 17.46%
Return on equity 18.19% 21.48% 17.34%
Return on assets 2.95% 8.11% 3.74%
Return on invested capital 12.55% 16.65% 12.06%

Growth

Metric AIZ CINF Insurance Property & Casualty median
Revenue growth (TTM) 9.36% 19.55% 8.02%
EPS growth (last fiscal year) 17.08% 4.40% 39.61%
Revenue growth, 5-year CAGR 5.95% 10.88% 9.23%
Net income growth, 5-year CAGR 15.43% 14.50% 10.09%

Health

Metric AIZ CINF Insurance Property & Casualty median
Debt to equity 0.36 0.05 0.25
Current ratio 0.37 0.30 0.42
Net debt to EBITDA 0.26 (0.17) 0.08

Dividend

Metric AIZ CINF Insurance Property & Casualty median
Dividend yield 1.24% 2.15% 1.50%
Payout ratio 0.17 0.17 0.14

Size

Metric AIZ CINF Insurance Property & Casualty median
Market cap 13.90b 25.66b 2.67b

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