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 $8.1B against $5.5B — 1.5× the size. RLI Corp. trades at the lower P/E: 12.8× against 14.7×. Kinsale Capital Group, Inc. grew revenue faster over the last twelve months: 15.8% against 8.69%. Kinsale Capital Group, Inc. has the higher net margin (28.5% vs 22.2%) and the higher return on invested capital (22.1% vs 17.4%). Both pay a dividend; RLI Corp. yields more (0.85% vs 0.25%). 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 14.67 12.83 10.75
P/S 4.14 2.84 1.21
P/B 4.06 3.20 1.99
Price to free cash flow 8.26 10.86 7.76
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 6.82% 7.79% 9.08%
Free cash flow yield 12.11% 9.21% 12.11%

Profitability

Metric KNSL RLI Insurance Property & Casualty median
Gross margin 36.47% 35.51% 41.16%
Operating margin 36.33% 28.50% 15.09%
Net margin 28.49% 22.22% 11.51%
Free cash flow margin 50.14% 26.19% 17.46%
Return on equity 30.27% 25.16% 17.34%
Return on assets 9.49% 7.07% 3.74%
Return on invested capital 22.12% 17.43% 12.06%

Growth

Metric KNSL RLI Insurance Property & Casualty median
Revenue growth (TTM) 15.82% 8.69% 8.02%
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 0.11 0.17 0.25
Current ratio 0.09 0.26 0.42
Net debt to EBITDA 0.09 0.09 0.08

Dividend

Metric KNSL RLI Insurance Property & Casualty median
Dividend yield 0.25% 0.85% 1.50%
Payout ratio 0.04 0.11 0.14

Size

Metric KNSL RLI Insurance Property & Casualty median
Market cap 8.14b 5.46b 2.67b

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