Kinsale Capital Group, Inc. (KNSL) vs Selective Insurance Group, Inc. (SIGI)

Kinsale Capital Group, Inc. and Selective Insurance Group, Inc. are both Insurance Property & Casualty companies. Kinsale Capital Group, Inc. is the larger, with a market value of $7.8B against $5.1B — 1.5× the size. Selective Insurance Group, Inc. trades at the lower P/E: 10.7× against 13.3×. Kinsale Capital Group, Inc. grew revenue faster over the last twelve months: 15.8% against 7.01%. Kinsale Capital Group, Inc. has the higher net margin (28.5% vs 8.93%) and the higher return on invested capital (22.1% vs 9.36%). Both pay a dividend; Selective Insurance Group, Inc. yields more (1.47% vs 0.14%). Across the 23 metrics below, Selective Insurance Group, Inc. leads on 12 and Kinsale Capital Group, Inc. on 11.

Valuation

Metric KNSL SIGI Insurance Property & Casualty median
P/E 13.35 10.68 10.29
P/S 3.77 0.94 1.17
P/B 3.70 1.48 1.83
Price to free cash flow 7.52 4.29 7.48
EV/EBITDA 10.43 8.65 7.49
EV/Sales 3.79 1.13 1.13
Earnings yield 7.49% 9.36% 9.50%
Free cash flow yield 13.31% 23.30% 13.29%

Profitability

Metric KNSL SIGI Insurance Property & Casualty median
Gross margin 36.47% 41.16% 41.16%
Operating margin 36.33% 12.46% 15.09%
Net margin 28.49% 8.93% 11.51%
Free cash flow margin 50.14% 21.73% 17.59%
Return on equity 30.27% 14.73% 18.19%
Return on assets 9.49% 3.25% 3.74%
Return on invested capital 22.12% 9.36% 12.06%

Growth

Metric KNSL SIGI Insurance Property & Casualty median
Revenue growth (TTM) 15.82% 7.01% 8.69%
EPS growth (last fiscal year) 21.77% 131.89% —
Revenue growth, 5-year CAGR 32.44% 12.80% 9.23%
Net income growth, 5-year CAGR 41.62% 13.16% 10.09%

Health

Metric KNSL SIGI Insurance Property & Casualty median
Debt to equity 0.11 0.25 0.25
Current ratio 0.09 0.25 0.42
Net debt to EBITDA 0.09 1.32 0.08

Dividend

Metric KNSL SIGI Insurance Property & Casualty median
Dividend yield 0.14% 1.47% 2.79%
Payout ratio 0.05 0.27 0.27

Size

Metric KNSL SIGI Insurance Property & Casualty median
Market cap 7.76b 5.11b 2.44b

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