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 ($1.7B and $1.5B). Kemper Corporation has negative trailing earnings, so its P/E is not meaningful; Safety Insurance Group, Inc. trades at 22.4×. 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; Kemper Corporation yields more (4.37% vs 3.54%). Across the 20 metrics below, Safety Insurance Group, Inc. leads on 17 and Kemper Corporation on 3.

Valuation

Metric KMPR SAFT Insurance Property & Casualty median
P/E n/m 22.37 10.75
P/S 0.38 1.17 1.21
P/B 0.79 1.72 1.99
Price to free cash flow 42.86 8.60 7.76
EV/EBITDA — — —
EV/Sales — — —
Earnings yield (28.70%) 4.47% 9.08%
Free cash flow yield 2.33% 11.63% 12.11%

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% 17.46%
Return on equity (19.34%) 7.84% 17.34%
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% 8.02%
EPS growth (last fiscal year) (53.36%) 40.17% 39.61%
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 4.37% 3.54% 1.50%
Payout ratio — 0.79 0.14

Size

Metric KMPR SAFT Insurance Property & Casualty median
Market cap 1.67b 1.53b 2.67b

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