Markel Group Inc. (MKL) vs The Travelers Companies, Inc. (TRV)

Markel Group Inc. and The Travelers Companies, Inc. are both Insurance Property & Casualty companies. The Travelers Companies, Inc. is the larger, with a market value of $80.1B against $22.6B — 3.5× the size. Markel Group Inc. trades at the lower P/E: 10.1× against 10.3×. The Travelers Companies, Inc. grew revenue faster over the last twelve months: 2.39% against 0.86%. The Travelers Companies, Inc. has the higher net margin (16.8% vs 13.8%) and the higher return on invested capital (16.2% vs 10.0%). Across the 20 metrics below, Markel Group Inc. leads on 10 and The Travelers Companies, Inc. on 10.

Valuation

Metric MKL TRV Insurance Property & Casualty median
P/E 10.13 10.28 10.75
P/S 1.40 1.67 1.21
P/B 1.22 2.48 1.99
Price to free cash flow 10.96 7.48 7.76
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 9.87% 9.73% 9.08%
Free cash flow yield 9.12% 13.38% 12.11%

Profitability

Metric MKL TRV Insurance Property & Casualty median
Gross margin 51.93% 49.51% 41.16%
Operating margin 18.63% 22.03% 15.09%
Net margin 13.77% 16.83% 11.51%
Free cash flow margin 12.76% 22.40% 17.46%
Return on equity 12.57% 26.32% 17.34%
Return on assets 3.31% 5.84% 3.74%
Return on invested capital 10.01% 16.22% 12.06%

Growth

Metric MKL TRV Insurance Property & Casualty median
Revenue growth (TTM) 0.86% 2.39% 8.02%
EPS growth (last fiscal year) (15.10%) 27.76% 39.61%
Revenue growth, 5-year CAGR 11.25% 8.83% 9.23%
Net income growth, 5-year CAGR 21.14% 18.44% 10.09%

Health

Metric MKL TRV Insurance Property & Casualty median
Debt to equity 0.23 0.27 0.25
Current ratio 0.57 0.27 0.42
Net debt to EBITDA (0.09) 0.52 0.08

Dividend

Metric MKL TRV Insurance Property & Casualty median
Dividend yield — 1.21% 1.50%
Payout ratio — 0.13 0.14

Size

Metric MKL TRV Insurance Property & Casualty median
Market cap 22.61b 80.07b 2.67b

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