Kinsale Capital Group, Inc. (KNSL) vs RLI Corp. (RLI)

Kinsale Capital Group, Inc. and RLI Corp. are both Insurance Property & Casualty companies. Kinsale Capital Group, Inc. is the larger, with a market value of $8.9B against $6.4B — 1.4× the size. RLI Corp. trades at the lower P/E: 16.2× against 17.2×. Kinsale Capital Group, Inc. grew revenue faster over the last twelve months: 8.35% against 4.65%. Kinsale Capital Group, Inc. has the higher net margin (26.9% vs 20.3%) and the higher return on invested capital (21.1% vs 16.5%). Both pay a dividend; RLI Corp. yields more (0.75% vs 0.23%). Across the 21 metrics below, Kinsale Capital Group, Inc. leads on 14 and RLI Corp. on 7.

Valuation

Metric KNSL RLI Insurance Property & Casualty median
P/E 17.23 16.22 12.17
P/S 4.56 3.29 1.26
P/B 4.64 3.77 1.85
Price to free cash flow 9.16 12.02 8.04
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 5.81% 6.16% 8.20%
Free cash flow yield 10.92% 8.32% 11.86%

Profitability

Metric KNSL RLI Insurance Property & Casualty median
Gross margin 34.47% 33.49% 37.39%
Operating margin 34.33% 26.42% 14.67%
Net margin 26.89% 20.34% 10.16%
Free cash flow margin 49.82% 27.37% 18.60%
Return on equity 27.76% 22.13% 16.59%
Return on assets 8.56% 6.23% 3.38%
Return on invested capital 21.13% 16.47% 9.43%

Growth

Metric KNSL RLI Insurance Property & Casualty median
Revenue growth (TTM) 8.35% 4.65% 5.70%
EPS growth (last fiscal year) 21.77% 16.84% 39.61%
Revenue growth, 5-year CAGR 32.44% 13.86% 9.23%
Net income growth, 5-year CAGR 41.62% 20.75% 10.09%

Health

Metric KNSL RLI Insurance Property & Casualty median
Debt to equity 0.12 0.18 0.25
Current ratio 0.07 0.25 0.49
Net debt to EBITDA 0.09 0.09 0.08

Dividend

Metric KNSL RLI Insurance Property & Casualty median
Dividend yield 0.23% 0.75% 1.56%
Payout ratio 0.04 0.12 0.15

Size

Metric KNSL RLI Insurance Property & Casualty median
Market cap 8.93b 6.40b 2.64b

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