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 ($12.9B and $12.5B). CNA Financial Corporation trades at the lower P/E: 10.1× against 12.5×. 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 (8.30% vs 1.67%). Across the 23 metrics below, CNA Financial Corporation leads on 13 and Assurant, Inc. on 10.

Valuation

Metric AIZ CNA Insurance Property & Casualty median
P/E 12.54 10.11 10.29
P/S 0.98 0.82 1.17
P/B 2.15 1.11 1.83
Price to free cash flow 7.93 5.49 7.48
EV/EBITDA 7.98 10.03 7.49
EV/Sales 1.01 1.03 1.13
Earnings yield 7.97% 9.90% 9.50%
Free cash flow yield 12.62% 18.20% 13.29%

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% 17.59%
Return on equity 18.19% 11.32% 18.19%
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% 8.69%
EPS growth (last fiscal year) 17.08% 33.24% —
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 1.67% 8.30% 2.79%
Payout ratio 0.43 0.45 0.27

Size

Metric AIZ CNA Insurance Property & Casualty median
Market cap 12.92b 12.48b 2.44b

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