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 $12.8B against $9.3B — 1.4× the size. Old Republic International Corporation trades at the lower P/E: 8.5× against 12.4×. Old Republic International Corporation grew revenue faster over the last twelve months: 12.5% against 2.05%. Old Republic International Corporation has the higher net margin (11.2% vs 6.80%) and the higher return on invested capital (12.5% vs 6.92%). Both pay a dividend; Old Republic International Corporation yields more (3.19% vs 3.01%). Across the 21 metrics below, CNA Financial Corporation leads on 11 and Old Republic International Corporation on 10.

Valuation

Metric CNA ORI Insurance Property & Casualty median
P/E 12.44 8.52 11.87
P/S 0.84 0.94 1.26
P/B 1.25 1.58 1.99
Price to free cash flow 5.82 8.12 8.12
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 8.04% 11.74% 8.04%
Free cash flow yield 17.20% 12.32% 11.85%

Profitability

Metric CNA ORI Insurance Property & Casualty median
Gross margin 41.66% 14.85% 41.66%
Operating margin 9.38% 14.85% 14.71%
Net margin 6.80% 11.20% 10.84%
Free cash flow margin 14.50% 11.64% 17.46%
Return on equity 9.56% 17.88% 16.87%
Return on assets 1.50% 3.57% 3.57%
Return on invested capital 6.92% 12.51% 12.03%

Growth

Metric CNA ORI Insurance Property & Casualty median
Revenue growth (TTM) 2.05% 12.51% 5.92%
EPS growth (last fiscal year) 33.24% 14.81% 39.61%
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 0.29 0.30 0.25
Current ratio 0.23 0.18 0.42
Net debt to EBITDA 1.57 1.04 0.08

Dividend

Metric CNA ORI Insurance Property & Casualty median
Dividend yield 3.01% 3.19% 1.44%
Payout ratio 0.37 0.28 0.14

Size

Metric CNA ORI Insurance Property & Casualty median
Market cap 12.78b 9.30b 2.61b

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