Heritage Insurance Holdings, Inc. (HRTG) vs Safety Insurance Group, Inc. (SAFT)

Heritage Insurance Holdings, Inc. and Safety Insurance Group, Inc. are both Insurance Property & Casualty companies. Safety Insurance Group, Inc. is the larger, with a market value of $1.5B against $1.1B — 1.4× the size. Heritage Insurance Holdings, Inc. trades at the lower P/E: 5.1× against 22.4×. Safety Insurance Group, Inc. grew revenue faster over the last twelve months: 7.21% against 1.54%. Heritage Insurance Holdings, Inc. has the higher net margin (25.2% vs 5.33%) and the higher return on invested capital (489.1% vs 6.55%). Across the 20 metrics below, Heritage Insurance Holdings, Inc. leads on 15 and Safety Insurance Group, Inc. on 5.

Valuation

Metric HRTG SAFT Insurance Property & Casualty median
P/E 5.08 22.37 10.75
P/S 1.26 1.17 1.21
P/B 1.89 1.72 1.99
Price to free cash flow 3.57 8.60 7.76
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 19.68% 4.47% 9.08%
Free cash flow yield 28.03% 11.63% 12.11%

Profitability

Metric HRTG SAFT Insurance Property & Casualty median
Gross margin 45.39% 7.63% 41.16%
Operating margin 34.46% 6.99% 15.09%
Net margin 25.19% 5.33% 11.51%
Free cash flow margin 35.21% 13.66% 17.46%
Return on equity 45.27% 7.84% 17.34%
Return on assets 8.63% 2.82% 3.74%
Return on invested capital 489.08% 6.55% 12.06%

Growth

Metric HRTG SAFT Insurance Property & Casualty median
Revenue growth (TTM) 1.54% 7.21% 8.02%
EPS growth (last fiscal year) 214.43% 40.17% 39.61%
Revenue growth, 5-year CAGR 7.38% 8.35% 9.23%
Net income growth, 5-year CAGR 83.79% (6.41%) 10.09%

Health

Metric HRTG SAFT Insurance Property & Casualty median
Debt to equity 0.13 0.06 0.25
Current ratio 0.83 0.40 0.42
Net debt to EBITDA (1.77) (0.18) 0.08

Dividend

Metric HRTG SAFT Insurance Property & Casualty median
Dividend yield — 3.54% 1.50%
Payout ratio — 0.79 0.14

Size

Metric HRTG SAFT Insurance Property & Casualty median
Market cap 1.09b 1.53b 2.67b

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