Aegon NV (AEG) vs Pelagos Insurance Capital Limited (PLGO)

Aegon NV and Pelagos Insurance Capital Limited are both Insurance Diversified companies. Aegon NV is the larger, with a market value of $13.1B against $2.0B — 6.6× the size. Aegon NV has negative trailing earnings, so its P/E is not meaningful; Pelagos Insurance Capital Limited trades at 5.8×. Pelagos Insurance Capital Limited grew revenue faster over the last twelve months: −3.61% against −36.9%. Pelagos Insurance Capital Limited has the higher net margin (15.9% vs −10.3%) and the higher return on invested capital (13.4% vs 0.00%). Across the 20 metrics below, Pelagos Insurance Capital Limited leads on 19 and Aegon NV on 1.

Valuation

Metric AEG PLGO Insurance Diversified median
P/E n/m 5.85 11.30
P/S 1.08 0.81 1.47
P/B 1.90 0.92 1.45
Price to free cash flow 6.79 3.23 5.78
EV/EBITDA n/m 4.43 6.62
EV/Sales 1.09 0.89 1.82
Earnings yield (8.91%) 17.10% 7.87%
Free cash flow yield 14.73% 30.97% 17.30%

Profitability

Metric AEG PLGO Insurance Diversified median
Gross margin 119.87% 25.19% 53.26%
Operating margin (12.33%) 20.68% 18.04%
Net margin (10.34%) 15.94% 15.94%
Free cash flow margin 0.00% 25.07% 20.02%
Return on equity 0.00% 17.64% 12.08%
Return on assets 0.00% 2.97% 5.06%
Return on invested capital 0.00% 13.40% 9.01%

Growth

Metric AEG PLGO Insurance Diversified median
Revenue growth (TTM) (36.92%) (3.61%) (1.11%)
EPS growth (last fiscal year) 46.05% 115.31% —
Revenue growth, 5-year CAGR (15.01%) 26.60% 8.63%
Net income growth, 5-year CAGR 0.00% 12.17% 10.84%

Health

Metric AEG PLGO Insurance Diversified median
Debt to equity 0.42 0.32 0.22
Current ratio 0.12 0.65 0.48
Net debt to EBITDA 0.17 (1.33) 0.17

Dividend

Metric AEG PLGO Insurance Diversified median
Dividend yield 5.67% — 2.08%
Payout ratio 0.66 — 0.02

Size

Metric AEG PLGO Insurance Diversified median
Market cap 13.12b 1.99b 13.12b

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