Assurant, Inc. (AIZ) vs Kinsale Capital Group, Inc. (KNSL)

Assurant, Inc. and Kinsale Capital Group, Inc. are both Insurance Property & Casualty companies. Assurant, Inc. is the larger, with a market value of $13.9B against $8.1B — 1.7× the size. Assurant, Inc. trades at the lower P/E: 13.4× against 14.7×. Kinsale Capital Group, Inc. grew revenue faster over the last twelve months: 15.8% against 9.36%. Kinsale Capital Group, Inc. has the higher net margin (28.5% vs 7.84%) and the higher return on invested capital (22.1% vs 12.6%). Both pay a dividend; Assurant, Inc. yields more (1.24% vs 0.25%). Across the 21 metrics below, Kinsale Capital Group, Inc. leads on 14 and Assurant, Inc. on 7.

Valuation

Metric AIZ KNSL Insurance Property & Casualty median
P/E 13.41 14.67 10.75
P/S 1.04 4.14 1.21
P/B 2.30 4.06 1.99
Price to free cash flow 8.47 8.26 7.76
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 7.46% 6.82% 9.08%
Free cash flow yield 11.80% 12.11% 12.11%

Profitability

Metric AIZ KNSL Insurance Property & Casualty median
Gross margin 78.12% 36.47% 41.16%
Operating margin 10.70% 36.33% 15.09%
Net margin 7.84% 28.49% 11.51%
Free cash flow margin 12.30% 50.14% 17.46%
Return on equity 18.19% 30.27% 17.34%
Return on assets 2.95% 9.49% 3.74%
Return on invested capital 12.55% 22.12% 12.06%

Growth

Metric AIZ KNSL Insurance Property & Casualty median
Revenue growth (TTM) 9.36% 15.82% 8.02%
EPS growth (last fiscal year) 17.08% 21.77% 39.61%
Revenue growth, 5-year CAGR 5.95% 32.44% 9.23%
Net income growth, 5-year CAGR 15.43% 41.62% 10.09%

Health

Metric AIZ KNSL Insurance Property & Casualty median
Debt to equity 0.36 0.11 0.25
Current ratio 0.37 0.09 0.42
Net debt to EBITDA 0.26 0.09 0.08

Dividend

Metric AIZ KNSL Insurance Property & Casualty median
Dividend yield 1.24% 0.25% 1.50%
Payout ratio 0.17 0.04 0.14

Size

Metric AIZ KNSL Insurance Property & Casualty median
Market cap 13.90b 8.14b 2.67b

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