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 $25.0B against $12.9B — 1.9× the size. Assurant, Inc. trades at the lower P/E: 12.5× against 13.7×. 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; W.R. Berkley Corporation yields more (1.72% vs 1.67%). Across the 23 metrics below, W.R. Berkley Corporation leads on 13 and Assurant, Inc. on 10.

Valuation

Metric AIZ WRB Insurance Property & Casualty median
P/E 12.54 13.66 10.29
P/S 0.98 1.75 1.17
P/B 2.15 2.64 1.83
Price to free cash flow 7.93 7.62 7.48
EV/EBITDA 7.98 10.60 7.49
EV/Sales 1.01 1.76 1.13
Earnings yield 7.97% 7.32% 9.50%
Free cash flow yield 12.62% 13.13% 13.29%

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% 17.59%
Return on equity 18.19% 20.14% 18.19%
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% 8.69%
EPS growth (last fiscal year) 17.08% 2.06% —
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 1.67% 1.72% 2.79%
Payout ratio 0.43 0.09 0.27

Size

Metric AIZ WRB Insurance Property & Casualty median
Market cap 12.92b 24.98b 2.44b

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