Assurant, Inc. (AIZ) vs Markel Group Inc. (MKL)

Assurant, Inc. and Markel Group Inc. are both Insurance Property & Casualty companies. Markel Group Inc. is the larger, with a market value of $22.6B against $13.9B — 1.6× the size. Markel Group Inc. trades at the lower P/E: 10.1× against 13.4×. Assurant, Inc. grew revenue faster over the last twelve months: 9.36% against 0.86%. Markel Group Inc. has the higher net margin (13.8% vs 7.84%) and the lower return on invested capital (10.0% vs 12.6%). Across the 20 metrics below, Markel Group Inc. leads on 12 and Assurant, Inc. on 8.

Valuation

Metric AIZ MKL Insurance Property & Casualty median
P/E 13.41 10.13 10.75
P/S 1.04 1.40 1.21
P/B 2.30 1.22 1.99
Price to free cash flow 8.47 10.96 7.76
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 7.46% 9.87% 9.08%
Free cash flow yield 11.80% 9.12% 12.11%

Profitability

Metric AIZ MKL Insurance Property & Casualty median
Gross margin 78.12% 51.93% 41.16%
Operating margin 10.70% 18.63% 15.09%
Net margin 7.84% 13.77% 11.51%
Free cash flow margin 12.30% 12.76% 17.46%
Return on equity 18.19% 12.57% 17.34%
Return on assets 2.95% 3.31% 3.74%
Return on invested capital 12.55% 10.01% 12.06%

Growth

Metric AIZ MKL Insurance Property & Casualty median
Revenue growth (TTM) 9.36% 0.86% 8.02%
EPS growth (last fiscal year) 17.08% (15.10%) 39.61%
Revenue growth, 5-year CAGR 5.95% 11.25% 9.23%
Net income growth, 5-year CAGR 15.43% 21.14% 10.09%

Health

Metric AIZ MKL Insurance Property & Casualty median
Debt to equity 0.36 0.23 0.25
Current ratio 0.37 0.57 0.42
Net debt to EBITDA 0.26 (0.09) 0.08

Dividend

Metric AIZ MKL Insurance Property & Casualty median
Dividend yield 1.24% — 1.50%
Payout ratio 0.17 — 0.14

Size

Metric AIZ MKL Insurance Property & Casualty median
Market cap 13.90b 22.61b 2.67b

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