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 $7.8B against $4.7B — 1.7× the size. Kinsale Capital Group, Inc. trades at the lower P/E: 13.3× against 84.8×. Kinsale Capital Group, Inc. grew revenue faster over the last twelve months: 15.8% against 3.75%. Kinsale Capital Group, Inc. has the higher net margin (28.5% vs 1.25%) and the higher return on invested capital (22.1% vs 0.00%). Across the 22 metrics below, Kinsale Capital Group, Inc. leads on 12 and Hagerty, Inc. on 10.

Valuation

Metric HGTY KNSL Insurance Property & Casualty median
P/E 84.81 13.35 10.29
P/S 0.98 3.77 1.17
P/B 2.13 3.70 1.83
Price to free cash flow 4.96 7.52 7.48
EV/EBITDA 2.03 10.43 7.49
EV/Sales 0.32 3.79 1.13
Earnings yield 1.18% 7.49% 9.50%
Free cash flow yield 20.16% 13.31% 13.29%

Profitability

Metric HGTY KNSL Insurance Property & Casualty median
Gross margin 100.00% 36.47% 41.16%
Operating margin 13.39% 36.33% 15.09%
Net margin 1.25% 28.49% 11.51%
Free cash flow margin 19.68% 50.14% 17.59%
Return on equity 2.88% 30.27% 18.19%
Return on assets 0.84% 9.49% 3.74%
Return on invested capital 0.00% 22.12% 12.06%

Growth

Metric HGTY KNSL Insurance Property & Casualty median
Revenue growth (TTM) 3.75% 15.82% 8.69%
EPS growth (last fiscal year) 270.00% 21.77% —
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 0.40 0.11 0.25
Current ratio 1.53 0.09 0.42
Net debt to EBITDA (3.42) 0.09 0.08

Dividend

Metric HGTY KNSL Insurance Property & Casualty median
Dividend yield — 0.14% 2.79%
Payout ratio 0.00 0.05 0.27

Size

Metric HGTY KNSL Insurance Property & Casualty median
Market cap 4.67b 7.76b 2.44b

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