AIZ vs ORI: Assurant and Old Republic International compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Assurant is the larger company, worth $13.9B, about 1.5 times Old Republic International.
- Old Republic International grew revenue faster over the last year (+13.4% vs +9.4%).
- Old Republic International keeps more of each dollar of revenue as operating profit (14.8% vs 9.9%).
- On earnings, Old Republic International is the cheaper stock (8.4x vs 14.3x).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | AIZ | ORI |
|---|---|---|
| Market cap | $13.9B | $9.5B |
| Share price | $266.49 | $38.17 |
| Revenue (last fiscal year) | $12.8B | $9.1B |
| Free cash flow (last fiscal year) | $1.6B | — |
| Revenue growth, last year | +9.4% | +13.4% |
| Revenue growth per year, last 5 fiscal years | +5.9% | -0.6% |
| Operating margin | 9.9% | 14.8% |
| Net margin | 7.9% | 11.7% |
| Return on equity | 17.4% | 18.7% |
| P/E (trailing) | 14.3x | 8.37x |
| Price / free cash flow | 8.67x | 8.15x |
| EV / EBITDA | 2.01x | — |
| FCF growth the price implies | -6.1% | — |
| Dividend yield | 1.2% | 3.0% |
| Debt / equity | 4.92x | 4.20x |
| Fundamental grade | C | B |
| Superinvestors holding it | 3 | 5 |
| Insider purchases, last 12 months | 0 | 2 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Assurant
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $10.2B | $594M | 7.6% |
| 2022 | $10.2B | $411M | 3.4% |
| 2023 | $11.1B | $936M | 7.2% |
| 2024 | $11.9B | $1.1B | 7.8% |
| 2025 | $12.8B | $1.6B | 8.5% |
Old Republic International
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $9.3B | — | 20.6% |
| 2022 | $8.1B | — | 10.6% |
| 2023 | $7.3B | — | 10.3% |
| 2024 | $8.2B | — | 13.0% |
| 2025 | $9.1B | — | 13.0% |
Where the revenue comes from
Assurant · by segments, 2021
Global Lifestyle$7.9B78%
Global Housing$2.1B20%
Corporate and Other$161M2%
Old Republic International
No segment breakdown reported.
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open AIZ in InvestinglyQuestions
Which is bigger, Assurant or Old Republic International?
Assurant (AIZ), at $13.9B against $9.5B.
Is AIZ or ORI cheaper?
By trailing P/E, Old Republic International (8.37x) is cheaper than Assurant (14.3x). A lower multiple can also mean the market expects less growth.
Which grows faster, AIZ or ORI?
Old Republic International: revenue grew +13.4% over the last year, against +9.4%.
More comparisons
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.