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 $9.2B against $5.2B — 1.8× the size. Old Republic International Corporation trades at the lower P/E: 8.2× against 93.1×. Old Republic International Corporation grew revenue faster over the last twelve months: 12.1% against 3.75%. Old Republic International Corporation has the higher net margin (11.7% vs 1.25%) and the higher return on invested capital (12.1% vs 0.00%). Across the 20 metrics below, Old Republic International Corporation leads on 11 and Hagerty, Inc. on 9.

Valuation

Metric HGTY ORI Insurance Property & Casualty median
P/E 93.06 8.20 10.61
P/S 1.07 0.95 1.20
P/B 2.33 1.51 1.91
Price to free cash flow 5.44 7.20 7.55
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 1.07% 12.19% 9.35%
Free cash flow yield 18.37% 13.89% 12.63%

Profitability

Metric HGTY ORI Insurance Property & Casualty median
Gross margin 100.00% 15.79% 41.16%
Operating margin 13.39% 15.79% 15.09%
Net margin 1.25% 11.71% 11.51%
Free cash flow margin 19.68% 13.17% 17.59%
Return on equity 2.88% 18.52% 18.19%
Return on assets 0.84% 3.74% 3.74%
Return on invested capital 0.00% 12.06% 12.06%

Growth

Metric HGTY ORI Insurance Property & Casualty median
Revenue growth (TTM) 3.75% 12.12% 8.69%
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 0.40 0.38 0.25
Current ratio 1.53 0.19 0.42
Net debt to EBITDA (3.42) 1.04 0.08

Dividend

Metric HGTY ORI Insurance Property & Casualty median
Dividend yield — 3.22% 1.53%
Payout ratio — 0.27 0.14

Size

Metric HGTY ORI Insurance Property & Casualty median
Market cap 5.15b 9.21b 2.65b

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