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 $22.2B against $13.9B — 1.6× the size. Assurant, Inc. trades at the lower P/E: 13.4× against 13.5×. 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 (1.24% vs 0.23%). Across the 21 metrics below, Assurant, Inc. leads on 16 and Loews Corporation on 5.

Valuation

Metric AIZ L Insurance Property & Casualty median
P/E 13.41 13.53 10.75
P/S 1.04 1.21 1.21
P/B 2.30 1.13 1.99
Price to free cash flow 8.47 12.85 7.76
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 7.46% 7.39% 9.08%
Free cash flow yield 11.80% 7.78% 12.11%

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% 17.46%
Return on equity 18.19% 8.78% 17.34%
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% 8.02%
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 0.36 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 1.24% 0.23% 1.50%
Payout ratio 0.17 0.03 0.14

Size

Metric AIZ L Insurance Property & Casualty median
Market cap 13.90b 22.24b 2.67b

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