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 is the larger, with a market value of $1.9B against $1.5B — 1.3× the size. Kemper Corporation has negative trailing earnings, so its P/E is not meaningful; Horace Mann Educators Corporation trades at 10.5×. Horace Mann Educators Corporation grew revenue faster over the last twelve months: 5.88% against −4.46%. Horace Mann Educators Corporation has the higher net margin (10.2% vs −10.8%) and the higher return on invested capital (7.75% vs −9.97%). Both pay a dividend; Horace Mann Educators Corporation yields more (3.75% vs 2.16%). Across the 22 metrics below, Horace Mann Educators Corporation leads on 18 and Kemper Corporation on 4.

Valuation

Metric HMN KMPR Insurance Property & Casualty median
P/E 10.52 n/m 10.29
P/S 1.06 0.33 1.17
P/B 1.23 0.68 1.83
Price to free cash flow 3.28 37.08 7.48
EV/EBITDA 9.43 43.77 7.49
EV/Sales 1.52 0.52 1.13
Earnings yield 9.50% (33.18%) 9.50%
Free cash flow yield 30.52% 2.70% 13.29%

Profitability

Metric HMN KMPR Insurance Property & Casualty median
Gross margin 46.89% (0.55%) 41.16%
Operating margin 14.57% (10.61%) 15.09%
Net margin 10.15% (10.84%) 11.51%
Free cash flow margin 32.42% 8.68% 17.59%
Return on equity 12.38% (19.34%) 18.19%
Return on assets 1.17% (4.04%) 3.74%
Return on invested capital 7.75% (9.97%) 12.06%

Growth

Metric HMN KMPR Insurance Property & Casualty median
Revenue growth (TTM) 5.88% (4.46%) 8.69%
EPS growth (last fiscal year) 57.26% (53.36%) —
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 0.40 0.43 0.25
Current ratio 0.06 0.14 0.42
Net debt to EBITDA 2.14 2.92 0.08

Dividend

Metric HMN KMPR Insurance Property & Casualty median
Dividend yield 3.75% 2.16% 2.79%
Payout ratio 0.95 0.99 0.27

Size

Metric HMN KMPR Insurance Property & Casualty median
Market cap 1.86b 1.48b 2.44b

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