CNA Financial Corporation (CNA) vs W.R. Berkley Corporation (WRB)

CNA Financial Corporation and W.R. Berkley Corporation are both Insurance Property & Casualty companies. W.R. Berkley Corporation is the larger, with a market value of $27.9B against $12.8B — 2.2× the size. CNA Financial Corporation trades at the lower P/E: 12.4× against 15.8×. CNA Financial Corporation grew revenue faster over the last twelve months: 2.05% against 1.45%. W.R. Berkley Corporation has the higher net margin (12.5% vs 6.80%) and the lower return on invested capital (0.00% vs 6.92%). Both pay a dividend; CNA Financial Corporation yields more (3.01% vs 0.25%). Across the 21 metrics below, CNA Financial Corporation leads on 13 and W.R. Berkley Corporation on 8.

Valuation

Metric CNA WRB Insurance Property & Casualty median
P/E 12.44 15.82 11.87
P/S 0.84 1.96 1.26
P/B 1.25 2.97 1.99
Price to free cash flow 5.82 8.55 8.12
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 8.04% 6.32% 8.04%
Free cash flow yield 17.20% 11.69% 11.85%

Profitability

Metric CNA WRB Insurance Property & Casualty median
Gross margin 41.66% 47.25% 41.66%
Operating margin 9.38% 16.58% 14.71%
Net margin 6.80% 12.53% 10.84%
Free cash flow margin 14.50% 0.00% 17.46%
Return on equity 9.56% 0.00% 16.87%
Return on assets 1.50% 0.00% 3.57%
Return on invested capital 6.92% 0.00% 12.03%

Growth

Metric CNA WRB Insurance Property & Casualty median
Revenue growth (TTM) 2.05% 1.45% 5.92%
EPS growth (last fiscal year) 33.24% 2.06% 39.61%
Revenue growth, 5-year CAGR 6.76% 12.67% 9.23%
Net income growth, 5-year CAGR 13.12% 27.38% 10.09%

Health

Metric CNA WRB Insurance Property & Casualty median
Debt to equity 0.29 0.29 0.25
Current ratio 0.23 0.32 0.42
Net debt to EBITDA 1.57 0.13 0.08

Dividend

Metric CNA WRB Insurance Property & Casualty median
Dividend yield 3.01% 0.25% 1.44%
Payout ratio 0.37 0.04 0.14

Size

Metric CNA WRB Insurance Property & Casualty median
Market cap 12.78b 27.90b 2.61b

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