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 ($1.4B and $1.3B). United Fire Group, Inc trades at the lower P/E: 9.9× 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 20 metrics below, Ategrity Specialty Insurance Company Holdings leads on 10 and United Fire Group, Inc on 10.

Valuation

Metric ASIC UFCS Insurance Property & Casualty median
P/E 12.29 9.91 10.29
P/S 2.52 0.93 1.17
P/B 1.94 1.40 1.83
Price to free cash flow 7.52 5.10 7.48
EV/EBITDA 8.82 6.85 7.49
EV/Sales 2.46 0.93 1.13
Earnings yield 8.14% 10.09% 9.50%
Free cash flow yield 13.29% 19.60% 13.29%

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% 17.59%
Return on equity 17.22% 15.46% 18.19%
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% 8.69%
EPS growth (last fiscal year) 7.33% 87.45% —
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 — 2.93% 2.79%
Payout ratio — 0.30 0.27

Size

Metric ASIC UFCS Insurance Property & Casualty median
Market cap 1.27b 1.37b 2.44b

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