Horace Mann Educators Corporation (HMN) vs Slide Insurance Holdings, Inc. (SLDE)

Horace Mann Educators Corporation and Slide Insurance Holdings, Inc. are both Insurance Property & Casualty companies. Slide Insurance Holdings, Inc. is the larger, with a market value of $3.1B against $2.2B — 1.4× the size. Slide Insurance Holdings, Inc. trades at the lower P/E: 5.3× against 12.3×. Slide Insurance Holdings, Inc. grew revenue faster over the last twelve months: 47.1% against 4.25%. Slide Insurance Holdings, Inc. has the higher net margin (39.3% vs 10.2%) and the lower return on invested capital (0.00% vs 8.57%). Both pay a dividend; Horace Mann Educators Corporation yields more (2.69% vs 0.27%). Across the 19 metrics below, Slide Insurance Holdings, Inc. leads on 15 and Horace Mann Educators Corporation on 4.

Valuation

Metric HMN SLDE Insurance Property & Casualty median
P/E 12.29 5.34 11.90
P/S 1.24 2.04 1.24
P/B 1.53 2.33 1.86
Price to free cash flow 3.84 3.15 7.91
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 8.14% 18.74% 8.14%
Free cash flow yield 26.07% 31.71% 11.91%

Profitability

Metric HMN SLDE Insurance Property & Casualty median
Gross margin 47.33% 64.75% 39.44%
Operating margin 14.67% 50.68% 14.71%
Net margin 10.16% 39.28% 10.47%
Free cash flow margin 0.00% 64.74% 18.60%
Return on equity 12.40% 51.44% 16.87%
Return on assets 1.15% 19.18% 3.49%
Return on invested capital 8.57% 0.00% 11.84%

Growth

Metric HMN SLDE Insurance Property & Casualty median
Revenue growth (TTM) 4.25% 47.09% 5.51%
EPS growth (last fiscal year) 57.26% 102.37% 39.61%
Revenue growth, 5-year CAGR 5.36% — 9.23%
Net income growth, 5-year CAGR 3.99% — 10.09%

Health

Metric HMN SLDE Insurance Property & Casualty median
Debt to equity 0.42 0.02 0.25
Current ratio 0.07 1.26 0.49
Net debt to EBITDA 2.14 (2.73) 0.08

Dividend

Metric HMN SLDE Insurance Property & Casualty median
Dividend yield 2.69% 0.27% 1.59%
Payout ratio 0.33 0.02 0.15

Size

Metric HMN SLDE Insurance Property & Casualty median
Market cap 2.15b 3.10b 2.62b

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