Hagerty, Inc. (HGTY) vs Kinsale Capital Group, Inc. (KNSL)

Hagerty, Inc. and Kinsale Capital Group, Inc. are both Insurance Property & Casualty companies. Kinsale Capital Group, Inc. is the larger, with a market value of $8.9B against $6.3B — 1.4× the size. Kinsale Capital Group, Inc. trades at the lower P/E: 17.2× against 57.0×. Kinsale Capital Group, Inc. grew revenue faster over the last twelve months: 8.35% against −3.77%. Kinsale Capital Group, Inc. has the higher net margin (26.9% vs 0.52%) and the higher return on invested capital (21.1% vs 0.00%). Across the 20 metrics below, Kinsale Capital Group, Inc. leads on 12 and Hagerty, Inc. on 8.

Valuation

Metric HGTY KNSL Insurance Property & Casualty median
P/E 57.02 17.23 12.17
P/S 1.41 4.56 1.26
P/B 2.93 4.64 1.85
Price to free cash flow 6.96 9.16 8.04
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 1.75% 5.81% 8.20%
Free cash flow yield 14.36% 10.92% 11.86%

Profitability

Metric HGTY KNSL Insurance Property & Casualty median
Gross margin 100.00% 34.47% 37.39%
Operating margin 18.23% 34.33% 14.67%
Net margin 0.52% 26.89% 10.16%
Free cash flow margin 20.29% 49.82% 18.60%
Return on equity 1.10% 27.76% 16.59%
Return on assets 0.32% 8.56% 3.38%
Return on invested capital 0.00% 21.13% 9.43%

Growth

Metric HGTY KNSL Insurance Property & Casualty median
Revenue growth (TTM) (3.77%) 8.35% 5.70%
EPS growth (last fiscal year) 270.00% 21.77% 39.61%
Revenue growth, 5-year CAGR 23.86% 32.44% 9.23%
Net income growth, 5-year CAGR 32.47% 41.62% 10.09%

Health

Metric HGTY KNSL Insurance Property & Casualty median
Debt to equity 0.41 0.12 0.25
Current ratio 1.59 0.07 0.49
Net debt to EBITDA (3.42) 0.09 0.08

Dividend

Metric HGTY KNSL Insurance Property & Casualty median
Dividend yield — 0.23% 1.56%
Payout ratio — 0.04 0.15

Size

Metric HGTY KNSL Insurance Property & Casualty median
Market cap 6.31b 8.93b 2.64b

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