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 $15.1B against $8.6B — 1.8× the size. The Hanover Insurance Group, Inc. trades at the lower P/E: 11.7× against 14.2×. Assurant, Inc. grew revenue faster over the last twelve months: 9.43% against 5.04%. The Hanover Insurance Group, Inc. has the higher net margin (11.0% vs 7.74%) and the higher return on invested capital (15.9% vs 0.00%). Both pay a dividend; The Hanover Insurance Group, Inc. yields more (1.53% vs 1.15%). Across the 21 metrics below, The Hanover Insurance Group, Inc. leads on 16 and Assurant, Inc. on 5.

Valuation

Metric AIZ THG Insurance Property & Casualty median
P/E 14.23 11.69 12.17
P/S 1.10 1.26 1.26
P/B 2.52 2.51 1.85
Price to free cash flow 9.11 7.08 8.04
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 7.03% 8.55% 8.20%
Free cash flow yield 10.98% 14.13% 11.86%

Profitability

Metric AIZ THG Insurance Property & Casualty median
Gross margin 78.07% 44.41% 37.39%
Operating margin 10.61% 14.71% 14.67%
Net margin 7.74% 10.97% 10.16%
Free cash flow margin 0.00% 17.85% 18.60%
Return on equity 18.12% 21.83% 16.59%
Return on assets 2.95% 4.43% 3.38%
Return on invested capital 0.00% 15.87% 9.43%

Growth

Metric AIZ THG Insurance Property & Casualty median
Revenue growth (TTM) 9.43% 5.04% 5.70%
EPS growth (last fiscal year) 17.08% 55.21% 39.61%
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 0.37 0.25 0.25
Current ratio 0.66 0.39 0.49
Net debt to EBITDA 0.26 0.11 0.08

Dividend

Metric AIZ THG Insurance Property & Casualty median
Dividend yield 1.15% 1.53% 1.56%
Payout ratio 0.17 0.18 0.15

Size

Metric AIZ THG Insurance Property & Casualty median
Market cap 15.14b 8.57b 2.64b

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