Aegon NV (AEG) vs International General Insurance Holdings Ltd. (IGIC)

Aegon NV and International General Insurance Holdings Ltd. are both Insurance Diversified companies. Aegon NV is the larger, with a market value of $13.1B against $1.1B — 12.5× the size. Aegon NV has negative trailing earnings, so its P/E is not meaningful; International General Insurance Holdings Ltd. trades at 9.9×. International General Insurance Holdings Ltd. grew revenue faster over the last twelve months: −2.62% against −36.9%. International General Insurance Holdings Ltd. has the higher net margin (23.3% vs −10.3%) and the higher return on invested capital (8.64% vs 0.00%). Both pay a dividend; Aegon NV yields more (5.67% vs 0.31%). Across the 21 metrics below, International General Insurance Holdings Ltd. leads on 16 and Aegon NV on 5.

Valuation

Metric AEG IGIC Insurance Diversified median
P/E n/m 9.90 11.30
P/S 1.08 2.27 1.47
P/B 1.90 1.57 1.45
Price to free cash flow 6.79 2.69 5.78
EV/EBITDA n/m 13.13 6.62
EV/Sales 1.09 1.85 1.82
Earnings yield (8.91%) 10.11% 7.87%
Free cash flow yield 14.73% 37.15% 17.30%

Profitability

Metric AEG IGIC Insurance Diversified median
Gross margin 119.87% 35.80% 53.26%
Operating margin (12.33%) 14.11% 18.04%
Net margin (10.34%) 23.25% 15.94%
Free cash flow margin 0.00% 84.64% 20.02%
Return on equity 0.00% 16.14% 12.08%
Return on assets 0.00% 5.00% 5.06%
Return on invested capital 0.00% 8.64% 9.01%

Growth

Metric AEG IGIC Insurance Diversified median
Revenue growth (TTM) (36.92%) (2.62%) (1.11%)
EPS growth (last fiscal year) 46.05% (3.02%) —
Revenue growth, 5-year CAGR (15.01%) 9.86% 8.63%
Net income growth, 5-year CAGR 0.00% 37.72% 10.84%

Health

Metric AEG IGIC Insurance Diversified median
Debt to equity 0.42 0.00 0.22
Current ratio 0.12 0.61 0.48
Net debt to EBITDA 0.17 (2.64) 0.17

Dividend

Metric AEG IGIC Insurance Diversified median
Dividend yield 5.67% 0.31% 2.08%
Payout ratio 0.66 0.02 0.02

Size

Metric AEG IGIC Insurance Diversified median
Market cap 13.12b 1.05b 13.12b

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