Assurant, Inc. (AIZ) vs The Hanover Insurance Group, Inc. (THG)

Assurant, Inc. and The Hanover Insurance Group, Inc. are both Insurance Property & Casualty companies. Assurant, Inc. is the larger, with a market value of $12.9B against $7.6B — 1.7× the size. The Hanover Insurance Group, Inc. trades at the lower P/E: 10.3× against 12.5×. Assurant, Inc. grew revenue faster over the last twelve months: 9.36% against 5.57%. The Hanover Insurance Group, Inc. has the higher net margin (11.2% vs 7.84%) and the higher return on invested capital (14.2% vs 12.6%). Both pay a dividend; The Hanover Insurance Group, Inc. yields more (2.64% vs 1.67%). Across the 23 metrics below, The Hanover Insurance Group, Inc. leads on 17 and Assurant, Inc. on 6.

Valuation

Metric AIZ THG Insurance Property & Casualty median
P/E 12.54 10.28 10.29
P/S 0.98 1.13 1.17
P/B 2.15 2.07 1.83
Price to free cash flow 7.93 6.07 7.48
EV/EBITDA 7.98 8.07 7.49
EV/Sales 1.01 1.21 1.13
Earnings yield 7.97% 9.73% 9.50%
Free cash flow yield 12.62% 16.47% 13.29%

Profitability

Metric AIZ THG Insurance Property & Casualty median
Gross margin 78.12% 44.76% 41.16%
Operating margin 10.70% 14.98% 15.09%
Net margin 7.84% 11.17% 11.51%
Free cash flow margin 12.30% 18.52% 17.59%
Return on equity 18.19% 21.94% 18.19%
Return on assets 2.95% 4.64% 3.74%
Return on invested capital 12.55% 14.21% 12.06%

Growth

Metric AIZ THG Insurance Property & Casualty median
Revenue growth (TTM) 9.36% 5.57% 8.69%
EPS growth (last fiscal year) 17.08% 55.21% —
Revenue growth, 5-year CAGR 5.95% 6.45% 9.23%
Net income growth, 5-year CAGR 15.43% 13.06% 10.09%

Health

Metric AIZ THG Insurance Property & Casualty median
Debt to equity 0.36 0.23 0.25
Current ratio 0.37 0.37 0.42
Net debt to EBITDA 0.26 0.11 0.08

Dividend

Metric AIZ THG Insurance Property & Casualty median
Dividend yield 1.67% 2.64% 2.79%
Payout ratio 0.43 0.37 0.27

Size

Metric AIZ THG Insurance Property & Casualty median
Market cap 12.92b 7.59b 2.44b

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