Assurant, Inc. (AIZ) vs CNA Financial Corporation (CNA)

Assurant, Inc. and CNA Financial Corporation are both Insurance Property & Casualty companies. Assurant, Inc. and CNA Financial Corporation are of similar size ($13.9B and $12.8B). CNA Financial Corporation trades at the lower P/E: 10.5× against 13.4×. Assurant, Inc. grew revenue faster over the last twelve months: 9.36% against 3.41%. CNA Financial Corporation has the higher net margin (8.16% vs 7.84%) and the lower return on invested capital (7.69% vs 12.6%). Both pay a dividend; CNA Financial Corporation yields more (2.96% vs 1.24%). Across the 21 metrics below, CNA Financial Corporation leads on 13 and Assurant, Inc. on 8.

Valuation

Metric AIZ CNA Insurance Property & Casualty median
P/E 13.41 10.53 10.75
P/S 1.04 0.86 1.21
P/B 2.30 1.16 1.99
Price to free cash flow 8.47 5.72 7.76
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 7.46% 9.50% 9.08%
Free cash flow yield 11.80% 17.47% 12.11%

Profitability

Metric AIZ CNA Insurance Property & Casualty median
Gross margin 78.12% 43.73% 41.16%
Operating margin 10.70% 11.23% 15.09%
Net margin 7.84% 8.16% 11.51%
Free cash flow margin 12.30% 14.96% 17.46%
Return on equity 18.19% 11.32% 17.34%
Return on assets 2.95% 1.78% 3.74%
Return on invested capital 12.55% 7.69% 12.06%

Growth

Metric AIZ CNA Insurance Property & Casualty median
Revenue growth (TTM) 9.36% 3.41% 8.02%
EPS growth (last fiscal year) 17.08% 33.24% 39.61%
Revenue growth, 5-year CAGR 5.95% 6.76% 9.23%
Net income growth, 5-year CAGR 15.43% 13.12% 10.09%

Health

Metric AIZ CNA Insurance Property & Casualty median
Debt to equity 0.36 0.27 0.25
Current ratio 0.37 0.23 0.42
Net debt to EBITDA 0.26 1.57 0.08

Dividend

Metric AIZ CNA Insurance Property & Casualty median
Dividend yield 1.24% 2.96% 1.50%
Payout ratio 0.17 0.31 0.14

Size

Metric AIZ CNA Insurance Property & Casualty median
Market cap 13.90b 12.80b 2.67b

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