Assurant, Inc. (AIZ) vs The Travelers Companies, Inc. (TRV)

Assurant, Inc. and The Travelers Companies, Inc. are both Insurance Property & Casualty companies. The Travelers Companies, Inc. is the larger, with a market value of $75.6B against $12.9B — 5.9× the size. The Travelers Companies, Inc. trades at the lower P/E: 9.6× against 12.5×. Assurant, Inc. grew revenue faster over the last twelve months: 9.36% against 2.39%. The Travelers Companies, Inc. has the higher net margin (16.8% vs 7.84%) and the higher return on invested capital (16.2% vs 12.6%). Both pay a dividend; The Travelers Companies, Inc. yields more (1.94% vs 1.67%). Across the 23 metrics below, The Travelers Companies, Inc. leads on 16 and Assurant, Inc. on 7.

Valuation

Metric AIZ TRV Insurance Property & Casualty median
P/E 12.54 9.58 10.29
P/S 0.98 1.56 1.17
P/B 2.15 2.31 1.83
Price to free cash flow 7.93 6.97 7.48
EV/EBITDA 7.98 4.53 7.49
EV/Sales 1.01 1.73 1.13
Earnings yield 7.97% 10.44% 9.50%
Free cash flow yield 12.62% 14.35% 13.29%

Profitability

Metric AIZ TRV Insurance Property & Casualty median
Gross margin 78.12% 49.51% 41.16%
Operating margin 10.70% 22.03% 15.09%
Net margin 7.84% 16.83% 11.51%
Free cash flow margin 12.30% 22.40% 17.59%
Return on equity 18.19% 26.32% 18.19%
Return on assets 2.95% 5.84% 3.74%
Return on invested capital 12.55% 16.22% 12.06%

Growth

Metric AIZ TRV Insurance Property & Casualty median
Revenue growth (TTM) 9.36% 2.39% 8.69%
EPS growth (last fiscal year) 17.08% 27.76% —
Revenue growth, 5-year CAGR 5.95% 8.83% 9.23%
Net income growth, 5-year CAGR 15.43% 18.44% 10.09%

Health

Metric AIZ TRV Insurance Property & Casualty median
Debt to equity 0.36 0.27 0.25
Current ratio 0.37 0.27 0.42
Net debt to EBITDA 0.26 0.52 0.08

Dividend

Metric AIZ TRV Insurance Property & Casualty median
Dividend yield 1.67% 1.94% 2.79%
Payout ratio 0.43 0.40 0.27

Size

Metric AIZ TRV Insurance Property & Casualty median
Market cap 12.92b 75.59b 2.44b

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