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 $2.7B against $1.9B — 1.5× the size. Slide Insurance Holdings, Inc. trades at the lower P/E: 5.1× against 10.5×. Slide Insurance Holdings, Inc. grew revenue faster over the last twelve months: 45.8% against 5.88%. Slide Insurance Holdings, Inc. has the higher net margin (40.0% vs 10.2%) and the lower return on invested capital (0.00% vs 7.75%). Across the 20 metrics below, Slide Insurance Holdings, Inc. leads on 17 and Horace Mann Educators Corporation on 3.

Valuation

Metric HMN SLDE Insurance Property & Casualty median
P/E 10.52 5.05 10.29
P/S 1.06 1.92 1.17
P/B 1.23 2.23 1.83
Price to free cash flow 3.28 2.58 7.48
EV/EBITDA 9.43 1.17 7.49
EV/Sales 1.52 0.63 1.13
Earnings yield 9.50% 19.78% 9.50%
Free cash flow yield 30.52% 38.81% 13.29%

Profitability

Metric HMN SLDE Insurance Property & Casualty median
Gross margin 46.89% 67.94% 41.16%
Operating margin 14.57% 53.05% 15.09%
Net margin 10.15% 40.02% 11.51%
Free cash flow margin 32.42% 74.49% 17.59%
Return on equity 12.38% 53.88% 18.19%
Return on assets 1.17% 17.33% 3.74%
Return on invested capital 7.75% 0.00% 12.06%

Growth

Metric HMN SLDE Insurance Property & Casualty median
Revenue growth (TTM) 5.88% 45.82% 8.69%
EPS growth (last fiscal year) 57.26% 102.37% —
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 0.40 0.02 0.25
Current ratio 0.06 1.22 0.42
Net debt to EBITDA 2.14 (2.73) 0.08

Dividend

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

Size

Metric HMN SLDE Insurance Property & Casualty median
Market cap 1.86b 2.74b 2.44b

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