Hamilton Insurance Group, Ltd. (HG) vs Reinsurance Group of America, Incorporated (RGA)

Hamilton Insurance Group, Ltd. and Reinsurance Group of America, Incorporated are both Insurance Reinsurance companies. Reinsurance Group of America, Incorporated is the larger, with a market value of $16.0B against $3.3B — 4.9× the size. Hamilton Insurance Group, Ltd. trades at the lower P/E: 5.6× against 10.8×. Reinsurance Group of America, Incorporated grew revenue faster over the last twelve months: 19.4% against 15.5%. Hamilton Insurance Group, Ltd. has the higher net margin (19.6% vs 5.81%) and the higher return on invested capital (24.4% vs 9.94%). Across the 22 metrics below, Hamilton Insurance Group, Ltd. leads on 16 and Reinsurance Group of America, Incorporated on 6.

Valuation

Metric HG RGA Insurance Reinsurance median
P/E 5.64 10.80 7.83
P/S 1.10 0.62 0.90
P/B 1.16 1.17 1.17
Price to free cash flow 4.05 3.13 4.05
EV/EBITDA 3.12 7.46 3.25
EV/Sales 0.88 0.65 0.95
Earnings yield 17.72% 9.26% 11.46%
Free cash flow yield 24.67% 31.90% 19.30%

Profitability

Metric HG RGA Insurance Reinsurance median
Gross margin 57.27% 13.99% 40.53%
Operating margin 28.92% 8.70% 14.54%
Net margin 19.56% 5.81% 9.44%
Free cash flow margin 27.22% 20.02% 18.88%
Return on equity 21.38% 11.63% 12.10%
Return on assets 6.11% 1.00% 2.72%
Return on invested capital 24.36% 9.94% 15.70%

Growth

Metric HG RGA Insurance Reinsurance median
Revenue growth (TTM) 15.49% 19.40% 17.45%
EPS growth (last fiscal year) 51.23% 64.86% —
Revenue growth, 5-year CAGR 16.85% 10.18% 14.51%
Net income growth, 5-year CAGR 25.10% 23.29% 25.23%

Health

Metric HG RGA Insurance Reinsurance median
Debt to equity 0.05 0.41 0.21
Current ratio 0.60 0.14 0.59
Net debt to EBITDA (1.26) 0.92 (0.03)

Dividend

Metric HG RGA Insurance Reinsurance median
Dividend yield — 2.10% —
Payout ratio — 0.28 0.00

Size

Metric HG RGA Insurance Reinsurance median
Market cap 3.30b 16.03b 3.15b

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