Assurant, Inc. (AIZ) vs Old Republic International Corporation (ORI)

Assurant, Inc. and Old Republic International Corporation are both Insurance Property & Casualty companies. Assurant, Inc. is the larger, with a market value of $15.1B against $9.7B — 1.6× the size. Old Republic International Corporation trades at the lower P/E: 8.8× against 14.2×. Old Republic International Corporation grew revenue faster over the last twelve months: 12.5% against 9.43%. Old Republic International Corporation has the higher net margin (11.2% vs 7.74%) and the higher return on invested capital (12.5% vs 0.00%). Both pay a dividend; Old Republic International Corporation yields more (3.07% vs 1.15%). Across the 21 metrics below, Old Republic International Corporation leads on 14 and Assurant, Inc. on 7.

Valuation

Metric AIZ ORI Insurance Property & Casualty median
P/E 14.23 8.85 12.17
P/S 1.10 0.98 1.26
P/B 2.52 1.64 1.85
Price to free cash flow 9.11 8.44 8.04
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 7.03% 11.30% 8.20%
Free cash flow yield 10.98% 11.86% 11.86%

Profitability

Metric AIZ ORI Insurance Property & Casualty median
Gross margin 78.07% 14.85% 37.39%
Operating margin 10.61% 14.85% 14.67%
Net margin 7.74% 11.20% 10.16%
Free cash flow margin 0.00% 11.64% 18.60%
Return on equity 18.12% 17.88% 16.59%
Return on assets 2.95% 3.57% 3.38%
Return on invested capital 0.00% 12.51% 9.43%

Growth

Metric AIZ ORI Insurance Property & Casualty median
Revenue growth (TTM) 9.43% 12.51% 5.70%
EPS growth (last fiscal year) 17.08% 14.81% 39.61%
Revenue growth, 5-year CAGR 5.95% 4.98% 9.23%
Net income growth, 5-year CAGR 15.43% 10.86% 10.09%

Health

Metric AIZ ORI Insurance Property & Casualty median
Debt to equity 0.37 0.30 0.25
Current ratio 0.66 0.18 0.49
Net debt to EBITDA 0.26 1.04 0.08

Dividend

Metric AIZ ORI Insurance Property & Casualty median
Dividend yield 1.15% 3.07% 1.56%
Payout ratio 0.17 0.28 0.15

Size

Metric AIZ ORI Insurance Property & Casualty median
Market cap 15.14b 9.69b 2.64b

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