Global Indemnity PLC (GBLI) vs NI Holdings, Inc. (NODK)

Global Indemnity PLC and NI Holdings, Inc. are both Insurance Property & Casualty companies. Global Indemnity PLC is the larger, with a market value of $366.5M against $300.6M — 1.2× the size. Global Indemnity PLC trades at the lower P/E: 10.5× against 39.3×. Global Indemnity PLC grew revenue faster over the last twelve months: 3.83% against −13.9%. Global Indemnity PLC has the higher net margin (7.42% vs 2.93%) and the higher return on invested capital (4.29% vs 3.54%). Across the 21 metrics below, Global Indemnity PLC leads on 14 and NI Holdings, Inc. on 7.

Valuation

Metric GBLI NODK Insurance Property & Casualty median
P/E 10.53 39.26 10.29
P/S 0.78 1.15 1.17
P/B 0.51 1.24 1.83
Price to free cash flow n/m n/m 7.48
EV/EBITDA 6.31 4.03 7.49
EV/Sales 0.67 0.96 1.13
Earnings yield 9.50% 2.55% 9.50%
Free cash flow yield (9.52%) (10.46%) 13.29%

Profitability

Metric GBLI NODK Insurance Property & Casualty median
Gross margin 16.61% 37.39% 41.16%
Operating margin 9.91% 4.18% 15.09%
Net margin 7.42% 2.93% 11.51%
Free cash flow margin (7.46%) (12.05%) 17.59%
Return on equity 4.84% 3.18% 18.19%
Return on assets 1.97% 1.35% 3.74%
Return on invested capital 4.29% 3.54% 12.06%

Growth

Metric GBLI NODK Insurance Property & Casualty median
Revenue growth (TTM) 3.83% (13.85%) 8.69%
EPS growth (last fiscal year) (43.91%) (72.41%) —
Revenue growth, 5-year CAGR (7.87%) (1.43%) 9.23%
Net income growth, 5-year CAGR (2.95%) 0.00% 10.09%

Health

Metric GBLI NODK Insurance Property & Casualty median
Debt to equity 0.06 0.00 0.25
Current ratio 0.26 1.00 0.42
Net debt to EBITDA (0.87) (1.06) 0.08

Dividend

Metric GBLI NODK Insurance Property & Casualty median
Dividend yield 3.36% — 2.79%
Payout ratio 0.38 0.00 0.27

Size

Metric GBLI NODK Insurance Property & Casualty median
Market cap 366.45m 300.56m 2.44b

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