Ategrity Specialty Insurance Company Holdings (ASIC) vs UNIVERSAL INSURANCE HOLDINGS INC (UVE)

Ategrity Specialty Insurance Company Holdings and UNIVERSAL INSURANCE HOLDINGS INC are both Insurance Property & Casualty companies. Ategrity Specialty Insurance Company Holdings and UNIVERSAL INSURANCE HOLDINGS INC are of similar size ($1.3B and $1.3B). UNIVERSAL INSURANCE HOLDINGS INC trades at the lower P/E: 6.0× against 12.3×. Ategrity Specialty Insurance Company Holdings grew revenue faster over the last twelve months: 36.6% against 3.96%. Ategrity Specialty Insurance Company Holdings has the higher net margin (20.5% vs 13.5%) and the lower return on invested capital (14.1% vs 139.4%). Across the 18 metrics below, UNIVERSAL INSURANCE HOLDINGS INC leads on 10 and Ategrity Specialty Insurance Company Holdings on 8.

Valuation

Metric ASIC UVE Insurance Property & Casualty median
P/E 12.33 6.03 10.75
P/S 2.53 0.80 1.21
P/B 1.95 2.04 1.99
Price to free cash flow 7.55 3.83 7.76
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 8.11% 16.59% 9.08%
Free cash flow yield 13.24% 26.13% 12.11%

Profitability

Metric ASIC UVE Insurance Property & Casualty median
Gross margin 28.38% 25.87% 41.16%
Operating margin 27.87% 18.37% 15.09%
Net margin 20.50% 13.49% 11.51%
Free cash flow margin 33.51% 20.85% 17.46%
Return on equity 17.22% 40.16% 17.34%
Return on assets 7.00% 6.68% 3.74%
Return on invested capital 14.08% 139.39% 12.06%

Growth

Metric ASIC UVE Insurance Property & Casualty median
Revenue growth (TTM) 36.63% 3.96% 8.02%
EPS growth (last fiscal year) 7.33% 214.43% 39.61%
Revenue growth, 5-year CAGR — 8.38% 9.23%
Net income growth, 5-year CAGR — 57.14% 10.09%

Health

Metric ASIC UVE Insurance Property & Casualty median
Debt to equity 0.00 0.15 0.25
Current ratio 0.53 0.57 0.42
Net debt to EBITDA (0.30) (1.47) 0.08

Dividend

Metric ASIC UVE Insurance Property & Casualty median
Dividend yield — 1.36% 1.50%
Payout ratio — 0.08 0.14

Size

Metric ASIC UVE Insurance Property & Casualty median
Market cap 1.29b 1.30b 2.67b

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