Ategrity Specialty Insurance Company Holdings (ASIC) vs Root, Inc. (ROOT)

Ategrity Specialty Insurance Company Holdings and Root, Inc. are both Insurance Property & Casualty companies. Ategrity Specialty Insurance Company Holdings is the larger, with a market value of $1.3B against $782.6M — 1.6× the size. Ategrity Specialty Insurance Company Holdings trades at the lower P/E: 12.3× against 13.6×. Ategrity Specialty Insurance Company Holdings grew revenue faster over the last twelve months: 36.6% against 14.9%. Ategrity Specialty Insurance Company Holdings has the higher net margin (20.5% vs 3.71%) and the lower return on invested capital (14.1% vs 85.8%). Across the 18 metrics below, Ategrity Specialty Insurance Company Holdings leads on 9 and Root, Inc. on 9.

Valuation

Metric ASIC ROOT Insurance Property & Casualty median
P/E 12.33 13.60 10.75
P/S 2.53 0.51 1.21
P/B 1.95 2.42 1.99
Price to free cash flow 7.55 4.45 7.76
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 8.11% 7.35% 9.08%
Free cash flow yield 13.24% 22.45% 12.11%

Profitability

Metric ASIC ROOT Insurance Property & Casualty median
Gross margin 28.38% 39.30% 41.16%
Operating margin 27.87% 5.51% 15.09%
Net margin 20.50% 3.71% 11.51%
Free cash flow margin 33.51% 11.43% 17.46%
Return on equity 17.22% 20.34% 17.34%
Return on assets 7.00% 3.57% 3.74%
Return on invested capital 14.08% 85.75% 12.06%

Growth

Metric ASIC ROOT Insurance Property & Casualty median
Revenue growth (TTM) 36.63% 14.86% 8.02%
EPS growth (last fiscal year) 7.33% 28.96% 39.61%
Revenue growth, 5-year CAGR — 34.33% 9.23%
Net income growth, 5-year CAGR — 0.00% 10.09%

Health

Metric ASIC ROOT Insurance Property & Casualty median
Debt to equity 0.00 0.45 0.25
Current ratio 0.53 1.01 0.42
Net debt to EBITDA (0.30) (6.65) 0.08

Dividend

Metric ASIC ROOT Insurance Property & Casualty median
Dividend yield — — 1.50%
Payout ratio — — 0.14

Size

Metric ASIC ROOT Insurance Property & Casualty median
Market cap 1.29b 782.56m 2.67b

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