International General Insurance Holdings Ltd. (IGIC) vs Pelagos Insurance Capital Limited (PLGO)

International General Insurance Holdings Ltd. and Pelagos Insurance Capital Limited are both Insurance Diversified companies. Pelagos Insurance Capital Limited is the larger, with a market value of $2.3B against $1.0B — 2.2× the size. Pelagos Insurance Capital Limited trades at the lower P/E: 6.7× against 10.1×. International General Insurance Holdings Ltd. grew revenue faster over the last twelve months: 1.89% against −3.61%. International General Insurance Holdings Ltd. has the higher net margin (21.6% vs 15.9%) and the lower return on invested capital (7.38% vs 13.4%). Both pay a dividend; Pelagos Insurance Capital Limited yields more (2.16% vs 1.04%). Across the 21 metrics below, Pelagos Insurance Capital Limited leads on 11 and International General Insurance Holdings Ltd. on 10.

Valuation

Metric IGIC PLGO Insurance Diversified median
P/E 10.06 6.73 11.57
P/S 2.17 0.93 1.52
P/B 1.54 1.05 1.64
Price to free cash flow 2.62 3.72 6.58
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 9.94% 14.85% 7.65%
Free cash flow yield 38.11% 26.91% 15.20%

Profitability

Metric IGIC PLGO Insurance Diversified median
Gross margin 33.27% 25.19% 53.26%
Operating margin 11.87% 20.68% 19.02%
Net margin 21.60% 15.94% 15.94%
Free cash flow margin 0.00% 25.07% 6.29%
Return on equity 15.11% 17.64% 12.08%
Return on assets 4.82% 2.97% 5.31%
Return on invested capital 7.38% 13.40% 9.01%

Growth

Metric IGIC PLGO Insurance Diversified median
Revenue growth (TTM) 1.89% (3.61%) 1.89%
EPS growth (last fiscal year) (3.02%) 115.31% 28.70%
Revenue growth, 5-year CAGR 9.86% 26.60% 8.63%
Net income growth, 5-year CAGR 37.72% 12.17% 10.84%

Health

Metric IGIC PLGO Insurance Diversified median
Debt to equity 0.00 0.32 0.17
Current ratio 0.65 0.65 0.47
Net debt to EBITDA (2.64) (1.33) 0.17

Dividend

Metric IGIC PLGO Insurance Diversified median
Dividend yield 1.04% 2.16% 1.96%
Payout ratio 0.10 0.15 0.15

Size

Metric IGIC PLGO Insurance Diversified median
Market cap 1.03b 2.31b 12.81b

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