Ategrity Specialty Insurance Company Holdings (ASIC) vs Trupanion, Inc. (TRUP)

Ategrity Specialty Insurance Company Holdings and Trupanion, Inc. are both Insurance Property & Casualty companies. Trupanion, Inc. is the larger, with a market value of $1.5B against $1.2B — 1.3× the size. Ategrity Specialty Insurance Company Holdings trades at the lower P/E: 12.0× against 56.6×. Ategrity Specialty Insurance Company Holdings grew revenue faster over the last twelve months: 29.8% against 11.4%. Trupanion, Inc. has the higher net margin (1.71% vs 0.00%) and the higher return on invested capital (16.3% vs 12.4%). Across the 18 metrics below, Ategrity Specialty Insurance Company Holdings leads on 9 and Trupanion, Inc. on 9.

Valuation

Metric ASIC TRUP Insurance Property & Casualty median
P/E 11.97 56.64 12.17
P/S 2.22 0.97 1.26
P/B 1.77 3.77 1.85
Price to free cash flow 5.69 17.37 8.04
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 8.35% 1.77% 8.20%
Free cash flow yield 17.57% 5.76% 11.86%

Profitability

Metric ASIC TRUP Insurance Property & Casualty median
Gross margin 0.00% 16.75% 37.39%
Operating margin 24.42% 0.00% 14.67%
Net margin 0.00% 1.71% 10.16%
Free cash flow margin 39.06% 5.56% 18.60%
Return on equity 0.00% 6.94% 16.59%
Return on assets 0.00% 2.96% 3.38%
Return on invested capital 12.42% 16.28% 9.43%

Growth

Metric ASIC TRUP Insurance Property & Casualty median
Revenue growth (TTM) 29.76% 11.41% 5.70%
EPS growth (last fiscal year) 23.44% 295.65% 39.61%
Revenue growth, 5-year CAGR — 23.45% 9.23%
Net income growth, 5-year CAGR — 0.00% 10.09%

Health

Metric ASIC TRUP Insurance Property & Casualty median
Debt to equity 0.00 0.26 0.25
Current ratio 0.53 1.74 0.49
Net debt to EBITDA (0.30) (8.49) 0.08

Dividend

Metric ASIC TRUP Insurance Property & Casualty median
Dividend yield — — 1.56%
Payout ratio — — 0.15

Size

Metric ASIC TRUP Insurance Property & Casualty median
Market cap 1.18b 1.52b 2.64b

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