Insurance - Property & Casualty
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L vs CNA
Revenue, margins, valuation, and 5-year total return — side by side.
Insurance - Property & Casualty
L vs CNA — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Insurance - Property & Casualty | Insurance - Property & Casualty |
| Market Cap | $21.48B | $11.82B |
| Revenue (TTM) | $18.29B | $14.82B |
| Net Income (TTM) | $1.87B | $1.33B |
| Gross Margin | 46.1% | 33.4% |
| Operating Margin | 12.6% | 10.6% |
| Forward P/E | 13.1x | 9.1x |
| Total Debt | $9.49B | $2.97B |
| Cash & Equiv. | $495M | $425M |
L vs CNA — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Loews Corporation (L) | 100 | 314.1 | +214.1% |
| CNA Financial Corpo… (CNA) | 100 | 144.5 | +44.5% |
Price return only. Dividends and distributions are not included.
Quick Verdict: L vs CNA
Each card shows where this stock fits in a portfolio — not just who wins on paper.
L carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth 5.4%, EPS growth 24.3%, 3Y rev CAGR 9.0%
- 171.2% 10Y total return vs CNA's 136.4%
- 5.4% revenue growth vs CNA's 5.1%
CNA is the clearest fit if your priority is income & stability and sleep-well-at-night.
- Dividend streak 2 yrs, beta 0.24, yield 8.8%
- Lower volatility, beta 0.24, Low D/E 25.6%, current ratio 0.38x
- Beta 0.24, yield 8.8%, current ratio 0.38x
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 5.4% revenue growth vs CNA's 5.1% | |
| Value | Lower P/E (9.1x vs 13.1x) | |
| Quality / Margins | Combined ratio 0.9 vs CNA's 0.9 (lower = better underwriting) | |
| Stability / Safety | Beta 0.24 vs L's 0.31, lower leverage | |
| Dividends | 8.8% yield, 2-year raise streak, vs L's 0.2% | |
| Momentum (1Y) | +19.2% vs CNA's -1.6% | |
| Efficiency (ROA) | 2.2% ROA vs CNA's 2.0%, ROIC 6.2% vs 8.9% |
L vs CNA — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
L vs CNA — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
L leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
L and CNA operate at a comparable scale, with $18.3B and $14.8B in trailing revenue. Profitability is closely matched — net margins range from 10.2% (L) to 9.0% (CNA).
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $18.3B | $14.8B |
| EBITDAEarnings before interest/tax | $2.6B | $1.6B |
| Net IncomeAfter-tax profit | $1.9B | $1.3B |
| Free Cash FlowCash after capex | $2.2B | $2.2B |
| Gross MarginGross profit ÷ Revenue | +46.1% | +33.4% |
| Operating MarginEBIT ÷ Revenue | +12.6% | +10.6% |
| Net MarginNet income ÷ Revenue | +10.2% | +9.0% |
| FCF MarginFCF ÷ Revenue | +11.9% | +14.6% |
| Rev. Growth (YoY)Latest quarter vs prior year | +2.6% | +3.0% |
| EPS Growth (YoY)Latest quarter vs prior year | -6.3% | -22.0% |
Valuation Metrics
CNA leads this category, winning 5 of 5 comparable metrics.
Valuation Metrics
At 9.3x trailing earnings, CNA trades at a 29% valuation discount to L's 13.1x P/E. On an enterprise value basis, CNA's 8.5x EV/EBITDA is more attractive than L's 10.5x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $21.5B | $11.8B |
| Enterprise ValueMkt cap + debt − cash | $30.5B | $14.4B |
| Trailing P/EPrice ÷ TTM EPS | 13.10x | 9.32x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 9.05x |
| PEG RatioP/E ÷ EPS growth rate | — | 0.71x |
| EV / EBITDAEnterprise value multiple | 10.54x | 8.50x |
| Price / SalesMarket cap ÷ Revenue | 1.18x | 0.80x |
| Price / BookPrice ÷ Book value/share | 1.11x | 1.02x |
| Price / FCFMarket cap ÷ FCF | 7.96x | 4.92x |
Profitability & Efficiency
CNA leads this category, winning 7 of 8 comparable metrics.
Profitability & Efficiency
CNA delivers a 11.9% return on equity — every $100 of shareholder capital generates $12 in annual profit, vs $10 for L. CNA carries lower financial leverage with a 0.26x debt-to-equity ratio, signaling a more conservative balance sheet compared to L's 0.48x.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +9.7% | +11.9% |
| ROA (TTM)Return on assets | +2.2% | +2.0% |
| ROICReturn on invested capital | +6.2% | +8.9% |
| ROCEReturn on capital employed | +5.0% | +6.1% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 7 |
| Debt / EquityFinancial leverage | 0.48x | 0.26x |
| Net DebtTotal debt minus cash | $9.0B | $2.5B |
| Cash & Equiv.Liquid assets | $495M | $425M |
| Total DebtShort + long-term debt | $9.5B | $3.0B |
| Interest CoverageEBIT ÷ Interest expense | 5.93x | 12.31x |
Total Returns (Dividends Reinvested)
L leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in L five years ago would be worth $18,080 today (with dividends reinvested), compared to $12,700 for CNA. Over the past 12 months, L leads with a +19.2% total return vs CNA's -1.6%. The 3-year compound annual growth rate (CAGR) favors L at 21.4% vs CNA's 11.1% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -0.2% | -1.5% |
| 1-Year ReturnPast 12 months | +19.2% | -1.6% |
| 3-Year ReturnCumulative with dividends | +78.8% | +37.2% |
| 5-Year ReturnCumulative with dividends | +80.8% | +27.0% |
| 10-Year ReturnCumulative with dividends | +171.2% | +136.4% |
| CAGR (3Y)Annualised 3-year return | +21.4% | +11.1% |
Risk & Volatility
Evenly matched — L and CNA each lead in 1 of 2 comparable metrics.
Risk & Volatility
CNA is the less volatile stock with a 0.24 beta — it tends to amplify market swings less than L's 0.31 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. L currently trades 90.9% from its 52-week high vs CNA's 86.1% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.31x | 0.24x |
| 52-Week HighHighest price in past year | $114.90 | $50.72 |
| 52-Week LowLowest price in past year | $86.59 | $42.77 |
| % of 52W HighCurrent price vs 52-week peak | +90.9% | +86.1% |
| RSI (14)Momentum oscillator 0–100 | 38.1 | 30.7 |
| Avg Volume (50D)Average daily shares traded | 624K | 440K |
Analyst Outlook
CNA leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates L as "Buy" and CNA as "Hold". For income investors, CNA offers the higher dividend yield at 8.80% vs L's 0.24%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold |
| Price TargetConsensus 12-month target | — | $45.00 |
| # AnalystsCovering analysts | 4 | 7 |
| Dividend YieldAnnual dividend ÷ price | +0.2% | +8.8% |
| Dividend StreakConsecutive years of raises | 0 | 2 |
| Dividend / ShareAnnual DPS | $0.25 | $3.85 |
| Buyback YieldShare repurchases ÷ mkt cap | +3.8% | +0.3% |
CNA leads in 3 of 6 categories (Valuation Metrics, Profitability & Efficiency). L leads in 2 (Income & Cash Flow, Total Returns). 1 tied.
L vs CNA: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is L or CNA a better buy right now?
For growth investors, Loews Corporation (L) is the stronger pick with 5.
4% revenue growth year-over-year, versus 5. 1% for CNA Financial Corporation (CNA). CNA Financial Corporation (CNA) offers the better valuation at 9. 3x trailing P/E (9. 1x forward), making it the more compelling value choice. Analysts rate Loews Corporation (L) a "Buy" — based on 4 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — L or CNA?
On trailing P/E, CNA Financial Corporation (CNA) is the cheapest at 9.
3x versus Loews Corporation at 13. 1x.
03Which is the better long-term investment — L or CNA?
Over the past 5 years, Loews Corporation (L) delivered a total return of +80.
8%, compared to +27. 0% for CNA Financial Corporation (CNA). Over 10 years, the gap is even starker: L returned +171. 2% versus CNA's +136. 4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — L or CNA?
By beta (market sensitivity over 5 years), CNA Financial Corporation (CNA) is the lower-risk stock at 0.
24β versus Loews Corporation's 0. 31β — meaning L is approximately 28% more volatile than CNA relative to the S&P 500. On balance sheet safety, CNA Financial Corporation (CNA) carries a lower debt/equity ratio of 26% versus 48% for Loews Corporation — giving it more financial flexibility in a downturn.
05Which is growing faster — L or CNA?
By revenue growth (latest reported year), Loews Corporation (L) is pulling ahead at 5.
4% versus 5. 1% for CNA Financial Corporation (CNA). On earnings-per-share growth, the picture is similar: CNA Financial Corporation grew EPS 33. 2% year-over-year, compared to 24. 3% for Loews Corporation. Over a 3-year CAGR, L leads at 9. 0% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — L or CNA?
Loews Corporation (L) is the more profitable company, earning 9.
2% net margin versus 8. 7% for CNA Financial Corporation — meaning it keeps 9. 2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: L leads at 12. 6% versus 11. 0% for CNA. At the gross margin level — before operating expenses — L leads at 43. 9%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Which pays a better dividend — L or CNA?
All stocks in this comparison pay dividends.
CNA Financial Corporation (CNA) offers the highest yield at 8. 8%, versus 0. 2% for Loews Corporation (L).
08Is L or CNA better for a retirement portfolio?
For long-horizon retirement investors, CNA Financial Corporation (CNA) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
24), 8. 8% yield, +136. 4% 10Y return). Both have compounded well over 10 years (CNA: +136. 4%, L: +171. 2%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between L and CNA?
Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
CNA pays a dividend while L does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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