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 $8.1B against $5.3B — 1.5× the size. Kinsale Capital Group, Inc. trades at the lower P/E: 14.7× against 95.6×. 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 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 95.63 14.67 10.75
P/S 1.10 4.14 1.21
P/B 2.40 4.06 1.99
Price to free cash flow 5.59 8.26 7.76
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 1.05% 6.82% 9.08%
Free cash flow yield 17.88% 12.11% 12.11%

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% 17.46%
Return on equity 2.88% 30.27% 17.34%
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% 8.02%
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 0.40 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 — 0.25% 1.50%
Payout ratio — 0.04 0.14

Size

Metric HGTY KNSL Insurance Property & Casualty median
Market cap 5.26b 8.14b 2.67b

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