Horace Mann Educators Corporation (HMN) vs Kemper Corporation (KMPR)

Horace Mann Educators Corporation and Kemper Corporation are both Insurance Property & Casualty companies. Horace Mann Educators Corporation and Kemper Corporation are of similar size ($2.2B and $2.1B). Kemper Corporation has negative trailing earnings, so its P/E is not meaningful; Horace Mann Educators Corporation trades at 12.1×. Horace Mann Educators Corporation grew revenue faster over the last twelve months: 4.25% against −4.46%. Horace Mann Educators Corporation has the higher net margin (10.2% vs −10.8%) and the higher return on invested capital (8.57% vs −9.97%). Both pay a dividend; Kemper Corporation yields more (3.64% vs 2.72%). Across the 20 metrics below, Horace Mann Educators Corporation leads on 15 and Kemper Corporation on 5.

Valuation

Metric HMN KMPR Insurance Property & Casualty median
P/E 12.15 n/m 12.17
P/S 1.23 0.45 1.26
P/B 1.51 0.95 1.85
Price to free cash flow 3.79 51.52 8.04
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 8.23% (23.88%) 8.20%
Free cash flow yield 26.37% 1.94% 11.86%

Profitability

Metric HMN KMPR Insurance Property & Casualty median
Gross margin 47.33% (0.55%) 37.39%
Operating margin 14.67% (10.61%) 14.67%
Net margin 10.16% (10.84%) 10.16%
Free cash flow margin 0.00% 8.68% 18.60%
Return on equity 12.40% (19.34%) 16.59%
Return on assets 1.15% (4.04%) 3.38%
Return on invested capital 8.57% (9.97%) 9.43%

Growth

Metric HMN KMPR Insurance Property & Casualty median
Revenue growth (TTM) 4.25% (4.46%) 5.70%
EPS growth (last fiscal year) 57.26% (53.36%) 39.61%
Revenue growth, 5-year CAGR 5.36% (1.65%) 9.23%
Net income growth, 5-year CAGR 3.99% (18.96%) 10.09%

Health

Metric HMN KMPR Insurance Property & Casualty median
Debt to equity 0.42 0.43 0.25
Current ratio 0.07 0.14 0.49
Net debt to EBITDA 2.14 2.92 0.08

Dividend

Metric HMN KMPR Insurance Property & Casualty median
Dividend yield 2.72% 3.64% 1.56%
Payout ratio 0.33 — 0.15

Size

Metric HMN KMPR Insurance Property & Casualty median
Market cap 2.15b 2.08b 2.64b

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