Chubb Limited (CB) vs Markel Group Inc. (MKL)

Chubb Limited and Markel Group Inc. are both Insurance Property & Casualty companies. Chubb Limited is the larger, with a market value of $129.3B against $21.5B — 6.0× the size. Markel Group Inc. trades at the lower P/E: 9.5× against 11.7×. Chubb Limited grew revenue faster over the last twelve months: 8.02% against 0.86%. Chubb Limited has the higher net margin (18.1% vs 13.8%) and the lower return on invested capital (9.52% vs 10.0%). Across the 22 metrics below, Markel Group Inc. leads on 12 and Chubb Limited on 10.

Valuation

Metric CB MKL Insurance Property & Casualty median
P/E 11.68 9.46 10.29
P/S 2.09 1.31 1.17
P/B 1.60 1.14 1.83
Price to free cash flow 8.40 10.23 7.48
EV/EBITDA 9.83 7.11 7.49
EV/Sales 2.39 1.32 1.13
Earnings yield 8.56% 10.57% 9.50%
Free cash flow yield 11.91% 9.77% 13.29%

Profitability

Metric CB MKL Insurance Property & Casualty median
Gross margin 31.02% 51.93% 41.16%
Operating margin 24.55% 18.63% 15.09%
Net margin 18.10% 13.77% 11.51%
Free cash flow margin 24.88% 12.76% 17.59%
Return on equity 14.41% 12.57% 18.19%
Return on assets 4.12% 3.31% 3.74%
Return on invested capital 9.52% 10.01% 12.06%

Growth

Metric CB MKL Insurance Property & Casualty median
Revenue growth (TTM) 8.02% 0.86% 8.69%
EPS growth (last fiscal year) 13.13% (15.10%) —
Revenue growth, 5-year CAGR 10.54% 11.25% 9.23%
Net income growth, 5-year CAGR 23.89% 21.14% 10.09%

Health

Metric CB MKL Insurance Property & Casualty median
Debt to equity 0.27 0.23 0.25
Current ratio 0.25 0.57 0.42
Net debt to EBITDA 1.31 (0.09) 0.08

Dividend

Metric CB MKL Insurance Property & Casualty median
Dividend yield 1.46% — 2.79%
Payout ratio 0.24 0.00 0.27

Size

Metric CB MKL Insurance Property & Casualty median
Market cap 129.34b 21.50b 2.44b

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