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 $2.0B against $1.1B — 1.9× the size. Pelagos Insurance Capital Limited trades at the lower P/E: 5.8× against 9.9×. International General Insurance Holdings Ltd. grew revenue faster over the last twelve months: −2.62% against −3.61%. International General Insurance Holdings Ltd. has the higher net margin (23.3% vs 15.9%) and the lower return on invested capital (8.64% vs 13.4%). Across the 22 metrics below, Pelagos Insurance Capital Limited leads on 12 and International General Insurance Holdings Ltd. on 10.

Valuation

Metric IGIC PLGO Insurance Diversified median
P/E 9.90 5.85 11.30
P/S 2.27 0.81 1.47
P/B 1.57 0.92 1.45
Price to free cash flow 2.69 3.23 5.78
EV/EBITDA 13.13 4.43 6.62
EV/Sales 1.85 0.89 1.82
Earnings yield 10.11% 17.10% 7.87%
Free cash flow yield 37.15% 30.97% 17.30%

Profitability

Metric IGIC PLGO Insurance Diversified median
Gross margin 35.80% 25.19% 53.26%
Operating margin 14.11% 20.68% 18.04%
Net margin 23.25% 15.94% 15.94%
Free cash flow margin 84.64% 25.07% 20.02%
Return on equity 16.14% 17.64% 12.08%
Return on assets 5.00% 2.97% 5.06%
Return on invested capital 8.64% 13.40% 9.01%

Growth

Metric IGIC PLGO Insurance Diversified median
Revenue growth (TTM) (2.62%) (3.61%) (1.11%)
EPS growth (last fiscal year) (3.02%) 115.31% —
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 0.22
Current ratio 0.61 0.65 0.48
Net debt to EBITDA (2.64) (1.33) 0.17

Dividend

Metric IGIC PLGO Insurance Diversified median
Dividend yield 0.31% — 2.08%
Payout ratio 0.02 — 0.02

Size

Metric IGIC PLGO Insurance Diversified median
Market cap 1.05b 1.99b 13.12b

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