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 $1.9B — 1.7× the size. Slide Insurance Holdings, Inc. trades at the lower P/E: 5.9× against 10.7×. 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%). Both pay a dividend; Horace Mann Educators Corporation yields more (3.09% vs 0.26%). 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 10.75 5.92 10.75
P/S 1.09 2.25 1.21
P/B 1.26 2.61 1.99
Price to free cash flow 3.35 3.02 7.76
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 9.30% 16.88% 9.08%
Free cash flow yield 29.87% 33.12% 12.11%

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% 17.46%
Return on equity 12.38% 53.88% 17.34%
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% 8.02%
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 0.40 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 3.09% 0.26% 1.50%
Payout ratio 0.33 0.02 0.14

Size

Metric HMN SLDE Insurance Property & Casualty median
Market cap 1.86b 3.10b 2.67b

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