Kestrel Group Ltd (KG) vs Reinsurance Group of America, Incorporated (RGA)

Kestrel Group Ltd and Reinsurance Group of America, Incorporated are both Insurance Reinsurance companies. Reinsurance Group of America, Incorporated is the larger, with a market value of $16.0B against $43.3M — 370.5× the size. Kestrel Group Ltd has negative trailing earnings, so its P/E is not meaningful; Reinsurance Group of America, Incorporated trades at 10.8×. Kestrel Group Ltd grew revenue faster over the last twelve months: 330.9% against 19.4%. Reinsurance Group of America, Incorporated has the higher net margin (5.81% vs −86.1%) and the higher return on invested capital (9.94% vs −9.10%). Across the 19 metrics below, Reinsurance Group of America, Incorporated leads on 13 and Kestrel Group Ltd on 6.

Valuation

Metric KG RGA Insurance Reinsurance median
P/E n/m 10.80 7.83
P/S 0.89 0.62 0.90
P/B 0.35 1.17 1.17
Price to free cash flow n/m 3.13 4.05
EV/EBITDA n/m 7.46 3.25
EV/Sales 4.23 0.65 0.95
Earnings yield (97.82%) 9.26% 11.46%
Free cash flow yield (295.07%) 31.90% 19.30%

Profitability

Metric KG RGA Insurance Reinsurance median
Gross margin 46.28% 13.99% 40.53%
Operating margin (49.03%) 8.70% 14.54%
Net margin (86.07%) 5.81% 9.44%
Free cash flow margin (261.35%) 20.02% 18.88%
Return on equity (29.03%) 11.63% 12.10%
Return on assets (3.69%) 1.00% 2.72%
Return on invested capital (9.10%) 9.94% 15.70%

Growth

Metric KG RGA Insurance Reinsurance median
Revenue growth (TTM) 330.91% 19.40% 17.45%
EPS growth (last fiscal year) 1,820.98% 64.86% —
Revenue growth, 5-year CAGR (28.65%) 10.18% 14.51%
Net income growth, 5-year CAGR (10.19%) 23.29% 25.23%

Health

Metric KG RGA Insurance Reinsurance median
Debt to equity 1.54 0.41 0.21
Current ratio 0.70 0.14 0.59
Net debt to EBITDA (22.06) 0.92 (0.03)

Dividend

Metric KG RGA Insurance Reinsurance median
Dividend yield — 2.10% —
Payout ratio 0.00 0.28 0.00

Size

Metric KG RGA Insurance Reinsurance median
Market cap 43.27m 16.03b 3.15b

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