Kemper Corporation (KMPR) vs Safety Insurance Group, Inc. (SAFT)

Kemper Corporation and Safety Insurance Group, Inc. are both Insurance Property & Casualty companies. Kemper Corporation and Safety Insurance Group, Inc. are of similar size ($1.5B and $1.5B). Kemper Corporation has negative trailing earnings, so its P/E is not meaningful; Safety Insurance Group, Inc. trades at 22.3×. Safety Insurance Group, Inc. grew revenue faster over the last twelve months: 7.21% against −4.46%. Safety Insurance Group, Inc. has the higher net margin (5.33% vs −10.8%) and the higher return on invested capital (6.55% vs −9.97%). Both pay a dividend; Safety Insurance Group, Inc. yields more (4.37% vs 2.16%). Across the 22 metrics below, Safety Insurance Group, Inc. leads on 19 and Kemper Corporation on 3.

Valuation

Metric KMPR SAFT Insurance Property & Casualty median
P/E n/m 22.26 10.29
P/S 0.33 1.17 1.17
P/B 0.68 1.71 1.83
Price to free cash flow 37.08 8.55 7.48
EV/EBITDA 43.77 16.19 7.49
EV/Sales 0.52 1.18 1.13
Earnings yield (33.18%) 4.49% 9.50%
Free cash flow yield 2.70% 11.69% 13.29%

Profitability

Metric KMPR SAFT Insurance Property & Casualty median
Gross margin (0.55%) 7.63% 41.16%
Operating margin (10.61%) 6.99% 15.09%
Net margin (10.84%) 5.33% 11.51%
Free cash flow margin 8.68% 13.66% 17.59%
Return on equity (19.34%) 7.84% 18.19%
Return on assets (4.04%) 2.82% 3.74%
Return on invested capital (9.97%) 6.55% 12.06%

Growth

Metric KMPR SAFT Insurance Property & Casualty median
Revenue growth (TTM) (4.46%) 7.21% 8.69%
EPS growth (last fiscal year) (53.36%) 40.17% —
Revenue growth, 5-year CAGR (1.65%) 8.35% 9.23%
Net income growth, 5-year CAGR (18.96%) (6.41%) 10.09%

Health

Metric KMPR SAFT Insurance Property & Casualty median
Debt to equity 0.43 0.06 0.25
Current ratio 0.14 0.40 0.42
Net debt to EBITDA 2.92 (0.18) 0.08

Dividend

Metric KMPR SAFT Insurance Property & Casualty median
Dividend yield 2.16% 4.37% 2.79%
Payout ratio 0.99 1.50 0.27

Size

Metric KMPR SAFT Insurance Property & Casualty median
Market cap 1.48b 1.52b 2.44b

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