Assurant, Inc. (AIZ) vs The Progressive Corporation (PGR)

Assurant, Inc. and The Progressive Corporation are both Insurance Property & Casualty companies. The Progressive Corporation is the larger, with a market value of $124.2B against $13.9B — 8.9× the size. The Progressive Corporation trades at the lower P/E: 10.9× against 13.4×. Assurant, Inc. grew revenue faster over the last twelve months: 9.36% against 5.92%. The Progressive Corporation has the higher net margin (12.9% vs 7.84%) and the higher return on invested capital (49.3% vs 12.6%). Both pay a dividend; The Progressive Corporation yields more (6.36% vs 1.24%). Across the 21 metrics below, The Progressive Corporation leads on 12 and Assurant, Inc. on 9.

Valuation

Metric AIZ PGR Insurance Property & Casualty median
P/E 13.41 10.94 10.75
P/S 1.04 1.41 1.21
P/B 2.30 3.71 1.99
Price to free cash flow 8.47 7.95 7.76
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 7.46% 9.14% 9.08%
Free cash flow yield 11.80% 12.57% 12.11%

Profitability

Metric AIZ PGR Insurance Property & Casualty median
Gross margin 78.12% 37.48% 41.16%
Operating margin 10.70% 37.48% 15.09%
Net margin 7.84% 12.88% 11.51%
Free cash flow margin 12.30% 0.00% 17.46%
Return on equity 18.19% 0.00% 17.34%
Return on assets 2.95% 9.32% 3.74%
Return on invested capital 12.55% 49.30% 12.06%

Growth

Metric AIZ PGR Insurance Property & Casualty median
Revenue growth (TTM) 9.36% 5.92% 8.02%
EPS growth (last fiscal year) 17.08% 33.54% 39.61%
Revenue growth, 5-year CAGR 5.95% 15.50% 9.23%
Net income growth, 5-year CAGR 15.43% 14.77% 10.09%

Health

Metric AIZ PGR Insurance Property & Casualty median
Debt to equity 0.36 0.24 0.25
Current ratio 0.37 0.28 0.42
Net debt to EBITDA 0.26 0.44 0.08

Dividend

Metric AIZ PGR Insurance Property & Casualty median
Dividend yield 1.24% 6.36% 1.50%
Payout ratio 0.17 0.70 0.14

Size

Metric AIZ PGR Insurance Property & Casualty median
Market cap 13.90b 124.21b 2.67b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack