CNA Financial Corporation (CNA) vs Markel Group Inc. (MKL)

CNA Financial Corporation and Markel Group Inc. are both Insurance Property & Casualty companies. Markel Group Inc. is the larger, with a market value of $22.6B against $12.8B — 1.8× the size. Markel Group Inc. trades at the lower P/E: 10.1× against 10.5×. CNA Financial Corporation grew revenue faster over the last twelve months: 3.41% against 0.86%. Markel Group Inc. has the higher net margin (13.8% vs 8.16%) and the higher return on invested capital (10.0% vs 7.69%). Across the 20 metrics below, Markel Group Inc. leads on 13 and CNA Financial Corporation on 7.

Valuation

Metric CNA MKL Insurance Property & Casualty median
P/E 10.53 10.13 10.75
P/S 0.86 1.40 1.21
P/B 1.16 1.22 1.99
Price to free cash flow 5.72 10.96 7.76
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 9.50% 9.87% 9.08%
Free cash flow yield 17.47% 9.12% 12.11%

Profitability

Metric CNA MKL Insurance Property & Casualty median
Gross margin 43.73% 51.93% 41.16%
Operating margin 11.23% 18.63% 15.09%
Net margin 8.16% 13.77% 11.51%
Free cash flow margin 14.96% 12.76% 17.46%
Return on equity 11.32% 12.57% 17.34%
Return on assets 1.78% 3.31% 3.74%
Return on invested capital 7.69% 10.01% 12.06%

Growth

Metric CNA MKL Insurance Property & Casualty median
Revenue growth (TTM) 3.41% 0.86% 8.02%
EPS growth (last fiscal year) 33.24% (15.10%) 39.61%
Revenue growth, 5-year CAGR 6.76% 11.25% 9.23%
Net income growth, 5-year CAGR 13.12% 21.14% 10.09%

Health

Metric CNA MKL Insurance Property & Casualty median
Debt to equity 0.27 0.23 0.25
Current ratio 0.23 0.57 0.42
Net debt to EBITDA 1.57 (0.09) 0.08

Dividend

Metric CNA MKL Insurance Property & Casualty median
Dividend yield 2.96% — 1.50%
Payout ratio 0.31 — 0.14

Size

Metric CNA MKL Insurance Property & Casualty median
Market cap 12.80b 22.61b 2.67b

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