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 $22.5B against $15.1B — 1.5× the size. Assurant, Inc. trades at the lower P/E: 14.2× against 15.2×. Assurant, Inc. grew revenue faster over the last twelve months: 9.43% against 2.82%. Loews Corporation has the higher net margin (7.93% vs 7.74%) and the higher return on invested capital (5.56% vs 0.00%). Both pay a dividend; Assurant, Inc. yields more (1.15% vs 0.23%). Across the 21 metrics below, Assurant, Inc. leads on 14 and Loews Corporation on 7.

Valuation

Metric AIZ L Insurance Property & Casualty median
P/E 14.23 15.16 12.17
P/S 1.10 1.21 1.26
P/B 2.52 1.18 1.85
Price to free cash flow 9.11 13.38 8.04
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 7.03% 6.60% 8.20%
Free cash flow yield 10.98% 7.48% 11.86%

Profitability

Metric AIZ L Insurance Property & Casualty median
Gross margin 78.07% 52.93% 37.39%
Operating margin 10.61% 13.06% 14.67%
Net margin 7.74% 7.93% 10.16%
Free cash flow margin 0.00% 9.01% 18.60%
Return on equity 18.12% 7.76% 16.59%
Return on assets 2.95% 1.74% 3.38%
Return on invested capital 0.00% 5.56% 9.43%

Growth

Metric AIZ L Insurance Property & Casualty median
Revenue growth (TTM) 9.43% 2.82% 5.70%
EPS growth (last fiscal year) 17.08% 24.34% 39.61%
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 0.37 0.47 0.25
Current ratio 0.66 0.25 0.49
Net debt to EBITDA 0.26 2.88 0.08

Dividend

Metric AIZ L Insurance Property & Casualty median
Dividend yield 1.15% 0.23% 1.56%
Payout ratio 0.17 0.03 0.15

Size

Metric AIZ L Insurance Property & Casualty median
Market cap 15.14b 22.47b 2.64b

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