Assurant, Inc. (AIZ) vs Loews Corporation (L)

Assurant, Inc. and Loews Corporation are both Insurance Property & Casualty companies. Loews Corporation is the larger, with a market value of $21.5B against $12.9B — 1.7× the size. Assurant, Inc. trades at the lower P/E: 12.5× against 12.8×. Assurant, Inc. grew revenue faster over the last twelve months: 9.36% against 3.50%. Loews Corporation has the higher net margin (9.02% vs 7.84%) and the lower return on invested capital (6.03% vs 12.6%). Both pay a dividend; Assurant, Inc. yields more (1.67% vs 0.35%). Across the 23 metrics below, Assurant, Inc. leads on 18 and Loews Corporation on 5.

Valuation

Metric AIZ L Insurance Property & Casualty median
P/E 12.54 12.85 10.29
P/S 0.98 1.15 1.17
P/B 2.15 1.08 1.83
Price to free cash flow 7.93 12.20 7.48
EV/EBITDA 7.98 10.91 7.49
EV/Sales 1.01 1.60 1.13
Earnings yield 7.97% 7.78% 9.50%
Free cash flow yield 12.62% 8.20% 13.29%

Profitability

Metric AIZ L Insurance Property & Casualty median
Gross margin 78.12% 54.39% 41.16%
Operating margin 10.70% 14.69% 15.09%
Net margin 7.84% 9.02% 11.51%
Free cash flow margin 12.30% 9.45% 17.59%
Return on equity 18.19% 8.78% 18.19%
Return on assets 2.95% 1.96% 3.74%
Return on invested capital 12.55% 6.03% 12.06%

Growth

Metric AIZ L Insurance Property & Casualty median
Revenue growth (TTM) 9.36% 3.50% 8.69%
EPS growth (last fiscal year) 17.08% 24.34% —
Revenue growth, 5-year CAGR 5.95% 7.96% 9.23%
Net income growth, 5-year CAGR 15.43% 0.00% 10.09%

Health

Metric AIZ L Insurance Property & Casualty median
Debt to equity 0.36 0.45 0.25
Current ratio 0.37 0.25 0.42
Net debt to EBITDA 0.26 2.88 0.08

Dividend

Metric AIZ L Insurance Property & Casualty median
Dividend yield 1.67% 0.35% 2.79%
Payout ratio 0.43 0.05 0.27

Size

Metric AIZ L Insurance Property & Casualty median
Market cap 12.92b 21.48b 2.44b

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