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 $12.9B against $7.8B — 1.7× the size. Assurant, Inc. trades at the lower P/E: 12.5× against 13.3×. 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 (1.67% vs 0.14%). Across the 23 metrics below, Kinsale Capital Group, Inc. leads on 14 and Assurant, Inc. on 9.

Valuation

Metric AIZ KNSL Insurance Property & Casualty median
P/E 12.54 13.35 10.29
P/S 0.98 3.77 1.17
P/B 2.15 3.70 1.83
Price to free cash flow 7.93 7.52 7.48
EV/EBITDA 7.98 10.43 7.49
EV/Sales 1.01 3.79 1.13
Earnings yield 7.97% 7.49% 9.50%
Free cash flow yield 12.62% 13.31% 13.29%

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% 17.59%
Return on equity 18.19% 30.27% 18.19%
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% 8.69%
EPS growth (last fiscal year) 17.08% 21.77% —
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 1.67% 0.14% 2.79%
Payout ratio 0.43 0.05 0.27

Size

Metric AIZ KNSL Insurance Property & Casualty median
Market cap 12.92b 7.76b 2.44b

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