Loews Corporation (L) vs The Travelers Companies, Inc. (TRV)

Loews Corporation and The Travelers Companies, Inc. are both Insurance Property & Casualty companies. The Travelers Companies, Inc. is the larger, with a market value of $75.6B against $21.5B — 3.5× the size. The Travelers Companies, Inc. trades at the lower P/E: 9.6× against 12.8×. Loews Corporation grew revenue faster over the last twelve months: 3.50% against 2.39%. The Travelers Companies, Inc. has the higher net margin (16.8% vs 9.02%) and the higher return on invested capital (16.2% vs 6.03%). Both pay a dividend; The Travelers Companies, Inc. yields more (1.94% vs 0.35%). Across the 23 metrics below, The Travelers Companies, Inc. leads on 18 and Loews Corporation on 5.

Valuation

Metric L TRV Insurance Property & Casualty median
P/E 12.85 9.58 10.29
P/S 1.15 1.56 1.17
P/B 1.08 2.31 1.83
Price to free cash flow 12.20 6.97 7.48
EV/EBITDA 10.91 4.53 7.49
EV/Sales 1.60 1.73 1.13
Earnings yield 7.78% 10.44% 9.50%
Free cash flow yield 8.20% 14.35% 13.29%

Profitability

Metric L TRV Insurance Property & Casualty median
Gross margin 54.39% 49.51% 41.16%
Operating margin 14.69% 22.03% 15.09%
Net margin 9.02% 16.83% 11.51%
Free cash flow margin 9.45% 22.40% 17.59%
Return on equity 8.78% 26.32% 18.19%
Return on assets 1.96% 5.84% 3.74%
Return on invested capital 6.03% 16.22% 12.06%

Growth

Metric L TRV Insurance Property & Casualty median
Revenue growth (TTM) 3.50% 2.39% 8.69%
EPS growth (last fiscal year) 24.34% 27.76% —
Revenue growth, 5-year CAGR 7.96% 8.83% 9.23%
Net income growth, 5-year CAGR 0.00% 18.44% 10.09%

Health

Metric L TRV Insurance Property & Casualty median
Debt to equity 0.45 0.27 0.25
Current ratio 0.25 0.27 0.42
Net debt to EBITDA 2.88 0.52 0.08

Dividend

Metric L TRV Insurance Property & Casualty median
Dividend yield 0.35% 1.94% 2.79%
Payout ratio 0.05 0.40 0.27

Size

Metric L TRV Insurance Property & Casualty median
Market cap 21.48b 75.59b 2.44b

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