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. Ategrity Specialty Insurance Company Holdings and United Fire Group, Inc are of similar size ($1.2B and $1.2B). United Fire Group, Inc trades at the lower P/E: 9.0× against 12.0×. Ategrity Specialty Insurance Company Holdings grew revenue faster over the last twelve months: 29.8% against 11.6%. United Fire Group, Inc has the higher net margin (9.06% vs 0.00%) and the lower return on invested capital (0.00% vs 12.4%). Across the 17 metrics below, United Fire Group, Inc leads on 11 and Ategrity Specialty Insurance Company Holdings on 6.

Valuation

Metric ASIC UFCS Insurance Property & Casualty median
P/E 11.97 9.03 12.17
P/S 2.22 0.80 1.26
P/B 1.77 1.24 1.85
Price to free cash flow 5.69 3.93 8.04
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 8.35% 11.08% 8.20%
Free cash flow yield 17.57% 25.45% 11.86%

Profitability

Metric ASIC UFCS Insurance Property & Casualty median
Gross margin 0.00% 34.30% 37.39%
Operating margin 24.42% 12.08% 14.67%
Net margin 0.00% 9.06% 10.16%
Free cash flow margin 39.06% 20.42% 18.60%
Return on equity 0.00% 14.90% 16.59%
Return on assets 0.00% 3.49% 3.38%
Return on invested capital 12.42% 0.00% 9.43%

Growth

Metric ASIC UFCS Insurance Property & Casualty median
Revenue growth (TTM) 29.76% 11.58% 5.70%
EPS growth (last fiscal year) 23.44% 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 0.00 0.25
Current ratio 0.53 0.34 0.49
Net debt to EBITDA (0.30) (0.06) 0.08

Dividend

Metric ASIC UFCS Insurance Property & Casualty median
Dividend yield — 1.61% 1.56%
Payout ratio — 0.15 0.15

Size

Metric ASIC UFCS Insurance Property & Casualty median
Market cap 1.18b 1.22b 2.64b

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