Loews Corporation (L) vs Old Republic International Corporation (ORI)

Loews Corporation and Old Republic International Corporation are both Insurance Property & Casualty companies. Loews Corporation is the larger, with a market value of $21.5B against $9.2B — 2.3× the size. Old Republic International Corporation trades at the lower P/E: 8.1× against 12.8×. Old Republic International Corporation grew revenue faster over the last twelve months: 12.1% against 3.50%. Old Republic International Corporation has the higher net margin (11.7% vs 9.02%) and the higher return on invested capital (12.1% vs 6.03%). Both pay a dividend; Old Republic International Corporation yields more (3.63% vs 0.35%). Across the 23 metrics below, Old Republic International Corporation leads on 18 and Loews Corporation on 5.

Valuation

Metric L ORI Insurance Property & Casualty median
P/E 12.85 8.06 10.29
P/S 1.15 0.93 1.17
P/B 1.08 1.49 1.83
Price to free cash flow 12.20 7.07 7.48
EV/EBITDA 10.91 7.11 7.49
EV/Sales 1.60 1.12 1.13
Earnings yield 7.78% 12.41% 9.50%
Free cash flow yield 8.20% 14.14% 13.29%

Profitability

Metric L ORI Insurance Property & Casualty median
Gross margin 54.39% 15.79% 41.16%
Operating margin 14.69% 15.79% 15.09%
Net margin 9.02% 11.71% 11.51%
Free cash flow margin 9.45% 13.17% 17.59%
Return on equity 8.78% 18.52% 18.19%
Return on assets 1.96% 3.74% 3.74%
Return on invested capital 6.03% 12.06% 12.06%

Growth

Metric L ORI Insurance Property & Casualty median
Revenue growth (TTM) 3.50% 12.12% 8.69%
EPS growth (last fiscal year) 24.34% 14.81% —
Revenue growth, 5-year CAGR 7.96% 4.98% 9.23%
Net income growth, 5-year CAGR 0.00% 10.86% 10.09%

Health

Metric L ORI Insurance Property & Casualty median
Debt to equity 0.45 0.38 0.25
Current ratio 0.25 0.19 0.42
Net debt to EBITDA 2.88 1.04 0.08

Dividend

Metric L ORI Insurance Property & Casualty median
Dividend yield 0.35% 3.63% 2.79%
Payout ratio 0.05 0.36 0.27

Size

Metric L ORI Insurance Property & Casualty median
Market cap 21.48b 9.16b 2.44b

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