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 $28.9B against $15.1B — 1.9× the size. Cincinnati Financial Corporation trades at the lower P/E: 10.9× against 14.2×. Cincinnati Financial Corporation grew revenue faster over the last twelve months: 9.91% against 9.43%. Cincinnati Financial Corporation has the higher net margin (20.1% vs 7.74%) and the higher return on invested capital (13.2% vs 0.00%). Both pay a dividend; Cincinnati Financial Corporation yields more (1.96% vs 1.15%). Across the 21 metrics below, Cincinnati Financial Corporation leads on 13 and Assurant, Inc. on 8.

Valuation

Metric AIZ CINF Insurance Property & Casualty median
P/E 14.23 10.90 12.17
P/S 1.10 2.17 1.26
P/B 2.52 1.78 1.85
Price to free cash flow 9.11 9.37 8.04
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 7.03% 9.17% 8.20%
Free cash flow yield 10.98% 10.67% 11.86%

Profitability

Metric AIZ CINF Insurance Property & Casualty median
Gross margin 78.07% 25.48% 37.39%
Operating margin 10.61% 25.21% 14.67%
Net margin 7.74% 20.07% 10.16%
Free cash flow margin 0.00% 23.19% 18.60%
Return on equity 18.12% 16.87% 16.59%
Return on assets 2.95% 6.41% 3.38%
Return on invested capital 0.00% 13.22% 9.43%

Growth

Metric AIZ CINF Insurance Property & Casualty median
Revenue growth (TTM) 9.43% 9.91% 5.70%
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 0.37 0.05 0.25
Current ratio 0.66 0.27 0.49
Net debt to EBITDA 0.26 (0.17) 0.08

Dividend

Metric AIZ CINF Insurance Property & Casualty median
Dividend yield 1.15% 1.96% 1.56%
Payout ratio 0.17 0.22 0.15

Size

Metric AIZ CINF Insurance Property & Casualty median
Market cap 15.14b 28.91b 2.64b

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