Ategrity Specialty Insurance Company Holdings (ASIC) vs United Fire Group, Inc (UFCS)

Ategrity Specialty Insurance Company Holdings and United Fire Group, Inc are both Insurance Property & Casualty companies. United Fire Group, Inc is the larger, with a market value of $1.4B against $1.3B — 1.1× the size. United Fire Group, Inc trades at the lower P/E: 10.5× against 12.3×. Ategrity Specialty Insurance Company Holdings grew revenue faster over the last twelve months: 36.6% against 11.4%. Ategrity Specialty Insurance Company Holdings has the higher net margin (20.5% vs 9.57%) and the higher return on invested capital (14.1% vs 12.0%). Across the 18 metrics below, Ategrity Specialty Insurance Company Holdings leads on 10 and United Fire Group, Inc on 8.

Valuation

Metric ASIC UFCS Insurance Property & Casualty median
P/E 12.33 10.47 10.75
P/S 2.53 0.98 1.21
P/B 1.95 1.48 1.99
Price to free cash flow 7.55 5.39 7.76
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 8.11% 9.55% 9.08%
Free cash flow yield 13.24% 18.57% 12.11%

Profitability

Metric ASIC UFCS Insurance Property & Casualty median
Gross margin 28.38% 35.24% 41.16%
Operating margin 27.87% 12.87% 15.09%
Net margin 20.50% 9.57% 11.51%
Free cash flow margin 33.51% 18.22% 17.46%
Return on equity 17.22% 15.46% 17.34%
Return on assets 7.00% 3.67% 3.74%
Return on invested capital 14.08% 12.03% 12.06%

Growth

Metric ASIC UFCS Insurance Property & Casualty median
Revenue growth (TTM) 36.63% 11.36% 8.02%
EPS growth (last fiscal year) 7.33% 87.45% 39.61%
Revenue growth, 5-year CAGR — 5.34% 9.23%
Net income growth, 5-year CAGR — 0.00% 10.09%

Health

Metric ASIC UFCS Insurance Property & Casualty median
Debt to equity 0.00 0.15 0.25
Current ratio 0.53 0.34 0.42
Net debt to EBITDA (0.30) (0.06) 0.08

Dividend

Metric ASIC UFCS Insurance Property & Casualty median
Dividend yield — 1.35% 1.50%
Payout ratio — 0.14 0.14

Size

Metric ASIC UFCS Insurance Property & Casualty median
Market cap 1.29b 1.42b 2.67b

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