Assurant, Inc. (AIZ) vs W.R. Berkley Corporation (WRB)

Assurant, Inc. and W.R. Berkley Corporation are both Insurance Property & Casualty companies. W.R. Berkley Corporation is the larger, with a market value of $27.5B against $13.9B — 2.0× the size. Assurant, Inc. trades at the lower P/E: 13.4× against 15.3×. Assurant, Inc. grew revenue faster over the last twelve months: 9.36% against 4.27%. W.R. Berkley Corporation has the higher net margin (12.9% vs 7.84%) and the higher return on invested capital (15.7% vs 12.6%). Both pay a dividend; Assurant, Inc. yields more (1.24% vs 0.25%). Across the 21 metrics below, Assurant, Inc. leads on 11 and W.R. Berkley Corporation on 10.

Valuation

Metric AIZ WRB Insurance Property & Casualty median
P/E 13.41 15.34 10.75
P/S 1.04 1.96 1.21
P/B 2.30 2.97 1.99
Price to free cash flow 8.47 8.55 7.76
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 7.46% 6.52% 9.08%
Free cash flow yield 11.80% 11.70% 12.11%

Profitability

Metric AIZ WRB Insurance Property & Casualty median
Gross margin 78.12% 47.56% 41.16%
Operating margin 10.70% 17.04% 15.09%
Net margin 7.84% 12.94% 11.51%
Free cash flow margin 12.30% 22.92% 17.46%
Return on equity 18.19% 20.14% 17.34%
Return on assets 2.95% 4.37% 3.74%
Return on invested capital 12.55% 15.74% 12.06%

Growth

Metric AIZ WRB Insurance Property & Casualty median
Revenue growth (TTM) 9.36% 4.27% 8.02%
EPS growth (last fiscal year) 17.08% 2.06% 39.61%
Revenue growth, 5-year CAGR 5.95% 12.67% 9.23%
Net income growth, 5-year CAGR 15.43% 27.38% 10.09%

Health

Metric AIZ WRB Insurance Property & Casualty median
Debt to equity 0.36 0.29 0.25
Current ratio 0.37 0.32 0.42
Net debt to EBITDA 0.26 0.13 0.08

Dividend

Metric AIZ WRB Insurance Property & Casualty median
Dividend yield 1.24% 0.25% 1.50%
Payout ratio 0.17 0.04 0.14

Size

Metric AIZ WRB Insurance Property & Casualty median
Market cap 13.90b 27.46b 2.67b

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