Kinsale Capital Group, Inc. (KNSL) vs Old Republic International Corporation (ORI)

Kinsale Capital Group, Inc. and Old Republic International Corporation are both Insurance Property & Casualty companies. Old Republic International Corporation is the larger, with a market value of $9.2B against $7.8B — 1.2× the size. Old Republic International Corporation trades at the lower P/E: 8.1× against 13.3×. Kinsale Capital Group, Inc. grew revenue faster over the last twelve months: 15.8% against 12.1%. Kinsale Capital Group, Inc. has the higher net margin (28.5% vs 11.7%) and the higher return on invested capital (22.1% vs 12.1%). Both pay a dividend; Old Republic International Corporation yields more (3.63% vs 0.14%). Across the 23 metrics below, Kinsale Capital Group, Inc. leads on 13 and Old Republic International Corporation on 10.

Valuation

Metric KNSL ORI Insurance Property & Casualty median
P/E 13.35 8.06 10.29
P/S 3.77 0.93 1.17
P/B 3.70 1.49 1.83
Price to free cash flow 7.52 7.07 7.48
EV/EBITDA 10.43 7.11 7.49
EV/Sales 3.79 1.12 1.13
Earnings yield 7.49% 12.41% 9.50%
Free cash flow yield 13.31% 14.14% 13.29%

Profitability

Metric KNSL ORI Insurance Property & Casualty median
Gross margin 36.47% 15.79% 41.16%
Operating margin 36.33% 15.79% 15.09%
Net margin 28.49% 11.71% 11.51%
Free cash flow margin 50.14% 13.17% 17.59%
Return on equity 30.27% 18.52% 18.19%
Return on assets 9.49% 3.74% 3.74%
Return on invested capital 22.12% 12.06% 12.06%

Growth

Metric KNSL ORI Insurance Property & Casualty median
Revenue growth (TTM) 15.82% 12.12% 8.69%
EPS growth (last fiscal year) 21.77% 14.81% —
Revenue growth, 5-year CAGR 32.44% 4.98% 9.23%
Net income growth, 5-year CAGR 41.62% 10.86% 10.09%

Health

Metric KNSL ORI Insurance Property & Casualty median
Debt to equity 0.11 0.38 0.25
Current ratio 0.09 0.19 0.42
Net debt to EBITDA 0.09 1.04 0.08

Dividend

Metric KNSL ORI Insurance Property & Casualty median
Dividend yield 0.14% 3.63% 2.79%
Payout ratio 0.05 0.36 0.27

Size

Metric KNSL ORI Insurance Property & Casualty median
Market cap 7.76b 9.16b 2.44b

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