Horace Mann Educators Corporation (HMN) vs United Fire Group, Inc (UFCS)

Horace Mann Educators Corporation and United Fire Group, Inc are both Insurance Property & Casualty companies. Horace Mann Educators Corporation is the larger, with a market value of $1.9B against $1.4B — 1.4× the size. United Fire Group, Inc trades at the lower P/E: 9.9× against 10.5×. United Fire Group, Inc grew revenue faster over the last twelve months: 11.4% against 5.88%. Horace Mann Educators Corporation has the higher net margin (10.2% vs 9.57%) and the lower return on invested capital (7.75% vs 12.0%). Both pay a dividend; Horace Mann Educators Corporation yields more (3.75% vs 2.93%). Across the 23 metrics below, United Fire Group, Inc leads on 13 and Horace Mann Educators Corporation on 10.

Valuation

Metric HMN UFCS Insurance Property & Casualty median
P/E 10.52 9.91 10.29
P/S 1.06 0.93 1.17
P/B 1.23 1.40 1.83
Price to free cash flow 3.28 5.10 7.48
EV/EBITDA 9.43 6.85 7.49
EV/Sales 1.52 0.93 1.13
Earnings yield 9.50% 10.09% 9.50%
Free cash flow yield 30.52% 19.60% 13.29%

Profitability

Metric HMN UFCS Insurance Property & Casualty median
Gross margin 46.89% 35.24% 41.16%
Operating margin 14.57% 12.87% 15.09%
Net margin 10.15% 9.57% 11.51%
Free cash flow margin 32.42% 18.22% 17.59%
Return on equity 12.38% 15.46% 18.19%
Return on assets 1.17% 3.67% 3.74%
Return on invested capital 7.75% 12.03% 12.06%

Growth

Metric HMN UFCS Insurance Property & Casualty median
Revenue growth (TTM) 5.88% 11.36% 8.69%
EPS growth (last fiscal year) 57.26% 87.45% —
Revenue growth, 5-year CAGR 5.36% 5.34% 9.23%
Net income growth, 5-year CAGR 3.99% 0.00% 10.09%

Health

Metric HMN UFCS Insurance Property & Casualty median
Debt to equity 0.40 0.15 0.25
Current ratio 0.06 0.34 0.42
Net debt to EBITDA 2.14 (0.06) 0.08

Dividend

Metric HMN UFCS Insurance Property & Casualty median
Dividend yield 3.75% 2.93% 2.79%
Payout ratio 0.95 0.30 0.27

Size

Metric HMN UFCS Insurance Property & Casualty median
Market cap 1.86b 1.37b 2.44b

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