CNA Financial Corporation (CNA) vs Loews Corporation (L)

CNA Financial Corporation and Loews Corporation are both Insurance Property & Casualty companies. Loews Corporation is the larger, with a market value of $21.5B against $12.5B — 1.7× the size. CNA Financial Corporation trades at the lower P/E: 10.1× against 12.8×. Loews Corporation grew revenue faster over the last twelve months: 3.50% against 3.41%. Loews Corporation has the higher net margin (9.02% vs 8.16%) and the lower return on invested capital (6.03% vs 7.69%). Both pay a dividend; CNA Financial Corporation yields more (8.30% vs 0.35%). Across the 23 metrics below, CNA Financial Corporation leads on 15 and Loews Corporation on 8.

Valuation

Metric CNA L Insurance Property & Casualty median
P/E 10.11 12.85 10.29
P/S 0.82 1.15 1.17
P/B 1.11 1.08 1.83
Price to free cash flow 5.49 12.20 7.48
EV/EBITDA 10.03 10.91 7.49
EV/Sales 1.03 1.60 1.13
Earnings yield 9.90% 7.78% 9.50%
Free cash flow yield 18.20% 8.20% 13.29%

Profitability

Metric CNA L Insurance Property & Casualty median
Gross margin 43.73% 54.39% 41.16%
Operating margin 11.23% 14.69% 15.09%
Net margin 8.16% 9.02% 11.51%
Free cash flow margin 14.96% 9.45% 17.59%
Return on equity 11.32% 8.78% 18.19%
Return on assets 1.78% 1.96% 3.74%
Return on invested capital 7.69% 6.03% 12.06%

Growth

Metric CNA L Insurance Property & Casualty median
Revenue growth (TTM) 3.41% 3.50% 8.69%
EPS growth (last fiscal year) 33.24% 24.34% —
Revenue growth, 5-year CAGR 6.76% 7.96% 9.23%
Net income growth, 5-year CAGR 13.12% 0.00% 10.09%

Health

Metric CNA L Insurance Property & Casualty median
Debt to equity 0.27 0.45 0.25
Current ratio 0.23 0.25 0.42
Net debt to EBITDA 1.57 2.88 0.08

Dividend

Metric CNA L Insurance Property & Casualty median
Dividend yield 8.30% 0.35% 2.79%
Payout ratio 0.45 0.05 0.27

Size

Metric CNA L Insurance Property & Casualty median
Market cap 12.48b 21.48b 2.44b

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