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 $21.5B against $12.5B — 1.7× the size. Markel Group Inc. trades at the lower P/E: 9.5× against 10.1×. 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 22 metrics below, Markel Group Inc. leads on 14 and CNA Financial Corporation on 8.

Valuation

Metric CNA MKL Insurance Property & Casualty median
P/E 10.11 9.46 10.29
P/S 0.82 1.31 1.17
P/B 1.11 1.14 1.83
Price to free cash flow 5.49 10.23 7.48
EV/EBITDA 10.03 7.11 7.49
EV/Sales 1.03 1.32 1.13
Earnings yield 9.90% 10.57% 9.50%
Free cash flow yield 18.20% 9.77% 13.29%

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% 17.59%
Return on equity 11.32% 12.57% 18.19%
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% 8.69%
EPS growth (last fiscal year) 33.24% (15.10%) —
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 8.30% — 2.79%
Payout ratio 0.45 0.00 0.27

Size

Metric CNA MKL Insurance Property & Casualty median
Market cap 12.48b 21.50b 2.44b

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