Chubb Limited (CB) vs W.R. Berkley Corporation (WRB)

Chubb Limited and W.R. Berkley Corporation are both Insurance Property & Casualty companies. Chubb Limited is the larger, with a market value of $136.1B against $27.5B — 5.0× the size. Chubb Limited trades at the lower P/E: 12.6× against 15.3×. Chubb Limited grew revenue faster over the last twelve months: 8.02% against 4.27%. Chubb Limited has the higher net margin (18.1% vs 12.9%) and the lower return on invested capital (9.52% vs 15.7%). Both pay a dividend; Chubb Limited yields more (1.11% vs 0.25%). Across the 21 metrics below, W.R. Berkley Corporation leads on 11 and Chubb Limited on 10.

Valuation

Metric CB WRB Insurance Property & Casualty median
P/E 12.60 15.34 10.75
P/S 2.25 1.96 1.21
P/B 1.72 2.97 1.99
Price to free cash flow 9.06 8.55 7.76
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 7.94% 6.52% 9.08%
Free cash flow yield 11.04% 11.70% 12.11%

Profitability

Metric CB WRB Insurance Property & Casualty median
Gross margin 31.02% 47.56% 41.16%
Operating margin 24.55% 17.04% 15.09%
Net margin 18.10% 12.94% 11.51%
Free cash flow margin 24.88% 22.92% 17.46%
Return on equity 14.41% 20.14% 17.34%
Return on assets 4.12% 4.37% 3.74%
Return on invested capital 9.52% 15.74% 12.06%

Growth

Metric CB WRB Insurance Property & Casualty median
Revenue growth (TTM) 8.02% 4.27% 8.02%
EPS growth (last fiscal year) 13.13% 2.06% 39.61%
Revenue growth, 5-year CAGR 10.54% 12.67% 9.23%
Net income growth, 5-year CAGR 23.89% 27.38% 10.09%

Health

Metric CB WRB Insurance Property & Casualty median
Debt to equity 0.27 0.29 0.25
Current ratio 0.25 0.32 0.42
Net debt to EBITDA 1.31 0.13 0.08

Dividend

Metric CB WRB Insurance Property & Casualty median
Dividend yield 1.11% 0.25% 1.50%
Payout ratio 0.14 0.04 0.14

Size

Metric CB WRB Insurance Property & Casualty median
Market cap 136.11b 27.46b 2.67b

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