CNA Financial Corporation (CNA) vs Old Republic International Corporation (ORI)

CNA Financial Corporation and Old Republic International Corporation are both Insurance Property & Casualty companies. CNA Financial Corporation is the larger, with a market value of $12.5B against $9.2B — 1.4× the size. Old Republic International Corporation trades at the lower P/E: 8.1× against 10.1×. Old Republic International Corporation grew revenue faster over the last twelve months: 12.1% against 3.41%. Old Republic International Corporation has the higher net margin (11.7% vs 8.16%) and the higher return on invested capital (12.1% vs 7.69%). Both pay a dividend; CNA Financial Corporation yields more (8.30% vs 3.63%). Across the 23 metrics below, CNA Financial Corporation leads on 13 and Old Republic International Corporation on 10.

Valuation

Metric CNA ORI Insurance Property & Casualty median
P/E 10.11 8.06 10.29
P/S 0.82 0.93 1.17
P/B 1.11 1.49 1.83
Price to free cash flow 5.49 7.07 7.48
EV/EBITDA 10.03 7.11 7.49
EV/Sales 1.03 1.12 1.13
Earnings yield 9.90% 12.41% 9.50%
Free cash flow yield 18.20% 14.14% 13.29%

Profitability

Metric CNA ORI Insurance Property & Casualty median
Gross margin 43.73% 15.79% 41.16%
Operating margin 11.23% 15.79% 15.09%
Net margin 8.16% 11.71% 11.51%
Free cash flow margin 14.96% 13.17% 17.59%
Return on equity 11.32% 18.52% 18.19%
Return on assets 1.78% 3.74% 3.74%
Return on invested capital 7.69% 12.06% 12.06%

Growth

Metric CNA ORI Insurance Property & Casualty median
Revenue growth (TTM) 3.41% 12.12% 8.69%
EPS growth (last fiscal year) 33.24% 14.81% —
Revenue growth, 5-year CAGR 6.76% 4.98% 9.23%
Net income growth, 5-year CAGR 13.12% 10.86% 10.09%

Health

Metric CNA ORI Insurance Property & Casualty median
Debt to equity 0.27 0.38 0.25
Current ratio 0.23 0.19 0.42
Net debt to EBITDA 1.57 1.04 0.08

Dividend

Metric CNA ORI Insurance Property & Casualty median
Dividend yield 8.30% 3.63% 2.79%
Payout ratio 0.45 0.36 0.27

Size

Metric CNA ORI Insurance Property & Casualty median
Market cap 12.48b 9.16b 2.44b

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