Hagerty, Inc. (HGTY) vs Old Republic International Corporation (ORI)

Hagerty, Inc. and Old Republic International Corporation are both Insurance Property & Casualty companies. Old Republic International Corporation is the larger, with a market value of $9.7B against $6.3B — 1.5× the size. Old Republic International Corporation trades at the lower P/E: 8.8× against 57.0×. Old Republic International Corporation grew revenue faster over the last twelve months: 12.5% against −3.77%. Old Republic International Corporation has the higher net margin (11.2% vs 0.52%) and the higher return on invested capital (12.5% vs 0.00%). Across the 20 metrics below, Hagerty, Inc. leads on 10 and Old Republic International Corporation on 10.

Valuation

Metric HGTY ORI Insurance Property & Casualty median
P/E 57.02 8.85 12.17
P/S 1.41 0.98 1.26
P/B 2.93 1.64 1.85
Price to free cash flow 6.96 8.44 8.04
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 1.75% 11.30% 8.20%
Free cash flow yield 14.36% 11.86% 11.86%

Profitability

Metric HGTY ORI Insurance Property & Casualty median
Gross margin 100.00% 14.85% 37.39%
Operating margin 18.23% 14.85% 14.67%
Net margin 0.52% 11.20% 10.16%
Free cash flow margin 20.29% 11.64% 18.60%
Return on equity 1.10% 17.88% 16.59%
Return on assets 0.32% 3.57% 3.38%
Return on invested capital 0.00% 12.51% 9.43%

Growth

Metric HGTY ORI Insurance Property & Casualty median
Revenue growth (TTM) (3.77%) 12.51% 5.70%
EPS growth (last fiscal year) 270.00% 14.81% 39.61%
Revenue growth, 5-year CAGR 23.86% 4.98% 9.23%
Net income growth, 5-year CAGR 32.47% 10.86% 10.09%

Health

Metric HGTY ORI Insurance Property & Casualty median
Debt to equity 0.41 0.30 0.25
Current ratio 1.59 0.18 0.49
Net debt to EBITDA (3.42) 1.04 0.08

Dividend

Metric HGTY ORI Insurance Property & Casualty median
Dividend yield — 3.07% 1.56%
Payout ratio — 0.28 0.15

Size

Metric HGTY ORI Insurance Property & Casualty median
Market cap 6.31b 9.69b 2.64b

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