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 $82.6B against $22.5B — 3.7× the size. The Travelers Companies, Inc. trades at the lower P/E: 10.4× against 15.2×. Loews Corporation grew revenue faster over the last twelve months: 2.82% against 1.07%. The Travelers Companies, Inc. has the higher net margin (16.9% vs 7.93%) and the higher return on invested capital (17.8% vs 5.56%). Both pay a dividend; The Travelers Companies, Inc. yields more (1.17% vs 0.23%). Across the 21 metrics below, The Travelers Companies, Inc. leads on 17 and Loews Corporation on 4.

Valuation

Metric L TRV Insurance Property & Casualty median
P/E 15.16 10.38 12.17
P/S 1.21 1.70 1.26
P/B 1.18 2.87 1.85
Price to free cash flow 13.38 7.82 8.04
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 6.60% 9.63% 8.20%
Free cash flow yield 7.48% 12.78% 11.86%

Profitability

Metric L TRV Insurance Property & Casualty median
Gross margin 52.93% 49.67% 37.39%
Operating margin 13.06% 22.12% 14.67%
Net margin 7.93% 16.91% 10.16%
Free cash flow margin 9.01% 21.74% 18.60%
Return on equity 7.76% 27.30% 16.59%
Return on assets 1.74% 5.79% 3.38%
Return on invested capital 5.56% 17.78% 9.43%

Growth

Metric L TRV Insurance Property & Casualty median
Revenue growth (TTM) 2.82% 1.07% 5.70%
EPS growth (last fiscal year) 24.34% 27.76% 39.61%
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 0.47 0.34 0.25
Current ratio 0.25 0.27 0.49
Net debt to EBITDA 2.88 0.52 0.08

Dividend

Metric L TRV Insurance Property & Casualty median
Dividend yield 0.23% 1.17% 1.56%
Payout ratio 0.03 0.12 0.15

Size

Metric L TRV Insurance Property & Casualty median
Market cap 22.47b 82.57b 2.64b

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