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

Ategrity Specialty Insurance Company Holdings and Trupanion, Inc. are both Insurance Property & Casualty companies. Ategrity Specialty Insurance Company Holdings and Trupanion, Inc. are of similar size ($1.3B and $1.2B). Ategrity Specialty Insurance Company Holdings trades at the lower P/E: 12.3× against 52.1×. Ategrity Specialty Insurance Company Holdings grew revenue faster over the last twelve months: 36.6% against 11.8%. Ategrity Specialty Insurance Company Holdings has the higher net margin (20.5% vs 1.53%) and the higher return on invested capital (14.1% vs 12.8%). Across the 18 metrics below, Ategrity Specialty Insurance Company Holdings leads on 14 and Trupanion, Inc. on 4.

Valuation

Metric ASIC TRUP Insurance Property & Casualty median
P/E 12.33 52.07 10.75
P/S 2.53 0.81 1.21
P/B 1.95 3.00 1.99
Price to free cash flow 7.55 14.96 7.76
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 8.11% 1.92% 9.08%
Free cash flow yield 13.24% 6.68% 12.11%

Profitability

Metric ASIC TRUP Insurance Property & Casualty median
Gross margin 28.38% 16.55% 41.16%
Operating margin 27.87% 1.57% 15.09%
Net margin 20.50% 1.53% 11.51%
Free cash flow margin 33.51% 5.40% 17.46%
Return on equity 17.22% 6.07% 17.34%
Return on assets 7.00% 2.61% 3.74%
Return on invested capital 14.08% 12.78% 12.06%

Growth

Metric ASIC TRUP Insurance Property & Casualty median
Revenue growth (TTM) 36.63% 11.80% 8.02%
EPS growth (last fiscal year) 7.33% 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 1.77 0.42
Net debt to EBITDA (0.30) (8.49) 0.08

Dividend

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

Size

Metric ASIC TRUP Insurance Property & Casualty median
Market cap 1.29b 1.22b 2.67b

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