Horace Mann Educators Corporation (HMN) vs Skyward Specialty Insurance Group, Inc. (SKWD)

Horace Mann Educators Corporation and Skyward Specialty Insurance Group, Inc. are both Insurance Property & Casualty companies. Skyward Specialty Insurance Group, Inc. is the larger, with a market value of $2.4B against $1.9B — 1.3× the size. Horace Mann Educators Corporation trades at the lower P/E: 10.5× against 12.4×. Skyward Specialty Insurance Group, Inc. grew revenue faster over the last twelve months: 38.3% against 5.88%. Skyward Specialty Insurance Group, Inc. has the higher net margin (10.8% vs 10.2%) and the higher return on invested capital (10.9% vs 7.75%). Across the 20 metrics below, Horace Mann Educators Corporation leads on 10 and Skyward Specialty Insurance Group, Inc. on 10.

Valuation

Metric HMN SKWD Insurance Property & Casualty median
P/E 10.52 12.39 10.29
P/S 1.06 1.41 1.17
P/B 1.23 1.92 1.83
Price to free cash flow 3.28 6.13 7.48
EV/EBITDA 9.43 9.76 7.49
EV/Sales 1.52 1.47 1.13
Earnings yield 9.50% 8.07% 9.50%
Free cash flow yield 30.52% 16.33% 13.29%

Profitability

Metric HMN SKWD Insurance Property & Casualty median
Gross margin 46.89% 44.14% 41.16%
Operating margin 14.57% 15.09% 15.09%
Net margin 10.15% 10.84% 11.51%
Free cash flow margin 32.42% 23.20% 17.59%
Return on equity 12.38% 17.34% 18.19%
Return on assets 1.17% 3.38% 3.74%
Return on invested capital 7.75% 10.89% 12.06%

Growth

Metric HMN SKWD Insurance Property & Casualty median
Revenue growth (TTM) 5.88% 38.27% 8.69%
EPS growth (last fiscal year) 57.26% 41.81% —
Revenue growth, 5-year CAGR 5.36% — 9.23%
Net income growth, 5-year CAGR 3.99% — 10.09%

Health

Metric HMN SKWD Insurance Property & Casualty median
Debt to equity 0.40 0.33 0.25
Current ratio 0.06 0.52 0.42
Net debt to EBITDA 2.14 (0.43) 0.08

Dividend

Metric HMN SKWD Insurance Property & Casualty median
Dividend yield 3.75% — 2.79%
Payout ratio 0.95 — 0.27

Size

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

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