Assured Guaranty Ltd. (AGO) vs James River Group Holdings, Ltd. (JRVR)

Assured Guaranty Ltd. and James River Group Holdings, Ltd. are both Insurance Specialty companies. Assured Guaranty Ltd. is the larger, with a market value of $3.0B against $163.3M — 18.4× the size. James River Group Holdings, Ltd. trades at the lower P/E: 6.9× against 9.3×. James River Group Holdings, Ltd. grew revenue faster over the last twelve months: −1.82% against −10.6%. Assured Guaranty Ltd. has the higher net margin (37.3% vs 3.47%) and the lower return on invested capital (3.91% vs 3.99%). Both pay a dividend; James River Group Holdings, Ltd. yields more (2.22% vs 1.36%). Across the 22 metrics below, James River Group Holdings, Ltd. leads on 14 and Assured Guaranty Ltd. on 8.

Valuation

Metric AGO JRVR Insurance Specialty median
P/E 9.27 6.92 9.15
P/S 3.27 0.25 1.84
P/B 0.55 0.31 1.16
Price to free cash flow 9.50 n/m 8.16
EV/EBITDA 10.26 5.80 7.51
EV/Sales 4.76 0.44 2.17
Earnings yield 10.79% 14.45% 10.79%
Free cash flow yield 10.52% (1.41%) 11.79%

Profitability

Metric AGO JRVR Insurance Specialty median
Gross margin 99.04% 35.43% 73.81%
Operating margin 46.38% 7.63% 17.70%
Net margin 37.34% 3.47% 13.80%
Free cash flow margin 34.47% (0.35%) 34.47%
Return on equity 6.21% 4.47% 12.01%
Return on assets 2.84% 0.46% 4.12%
Return on invested capital 3.91% 3.99% 8.77%

Growth

Metric AGO JRVR Insurance Specialty median
Revenue growth (TTM) (10.56%) (1.82%) 7.53%
EPS growth (last fiscal year) 49.34% 125.82% —
Revenue growth, 5-year CAGR (0.09%) 0.56% 2.24%
Net income growth, 5-year CAGR 6.80% 52.32% 0.00%

Health

Metric AGO JRVR Insurance Specialty median
Debt to equity 0.31 0.50 0.15
Current ratio 0.42 0.63 0.53
Net debt to EBITDA 2.24 0.43 0.28

Dividend

Metric AGO JRVR Insurance Specialty median
Dividend yield 1.36% 2.22% 2.60%
Payout ratio 0.21 0.21 0.21

Size

Metric AGO JRVR Insurance Specialty median
Market cap 3.01b 163.26m 3.13b

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