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 $12.9B against $9.2B — 1.4× the size. Old Republic International Corporation trades at the lower P/E: 8.1× against 12.5×. Old Republic International Corporation grew revenue faster over the last twelve months: 12.1% against 9.36%. Old Republic International Corporation has the higher net margin (11.7% vs 7.84%) and the lower return on invested capital (12.1% vs 12.6%). Both pay a dividend; Old Republic International Corporation yields more (3.63% vs 1.67%). Across the 23 metrics below, Old Republic International Corporation leads on 14 and Assurant, Inc. on 9.

Valuation

Metric AIZ ORI Insurance Property & Casualty median
P/E 12.54 8.06 10.29
P/S 0.98 0.93 1.17
P/B 2.15 1.49 1.83
Price to free cash flow 7.93 7.07 7.48
EV/EBITDA 7.98 7.11 7.49
EV/Sales 1.01 1.12 1.13
Earnings yield 7.97% 12.41% 9.50%
Free cash flow yield 12.62% 14.14% 13.29%

Profitability

Metric AIZ ORI Insurance Property & Casualty median
Gross margin 78.12% 15.79% 41.16%
Operating margin 10.70% 15.79% 15.09%
Net margin 7.84% 11.71% 11.51%
Free cash flow margin 12.30% 13.17% 17.59%
Return on equity 18.19% 18.52% 18.19%
Return on assets 2.95% 3.74% 3.74%
Return on invested capital 12.55% 12.06% 12.06%

Growth

Metric AIZ ORI Insurance Property & Casualty median
Revenue growth (TTM) 9.36% 12.12% 8.69%
EPS growth (last fiscal year) 17.08% 14.81% —
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 0.36 0.38 0.25
Current ratio 0.37 0.19 0.42
Net debt to EBITDA 0.26 1.04 0.08

Dividend

Metric AIZ ORI Insurance Property & Casualty median
Dividend yield 1.67% 3.63% 2.79%
Payout ratio 0.43 0.36 0.27

Size

Metric AIZ ORI Insurance Property & Casualty median
Market cap 12.92b 9.16b 2.44b

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