Kinsale Capital Group, Inc. (KNSL) vs The Hanover Insurance Group, Inc. (THG)

Kinsale Capital Group, Inc. and The Hanover Insurance Group, Inc. are both Insurance Property & Casualty companies. Kinsale Capital Group, Inc. and The Hanover Insurance Group, Inc. are of similar size ($7.8B and $7.6B). The Hanover Insurance Group, Inc. trades at the lower P/E: 10.3× against 13.3×. Kinsale Capital Group, Inc. grew revenue faster over the last twelve months: 15.8% against 5.57%. Kinsale Capital Group, Inc. has the higher net margin (28.5% vs 11.2%) and the higher return on invested capital (22.1% vs 14.2%). Both pay a dividend; The Hanover Insurance Group, Inc. yields more (2.64% vs 0.14%). Across the 23 metrics below, The Hanover Insurance Group, Inc. leads on 12 and Kinsale Capital Group, Inc. on 11.

Valuation

Metric KNSL THG Insurance Property & Casualty median
P/E 13.35 10.28 10.29
P/S 3.77 1.13 1.17
P/B 3.70 2.07 1.83
Price to free cash flow 7.52 6.07 7.48
EV/EBITDA 10.43 8.07 7.49
EV/Sales 3.79 1.21 1.13
Earnings yield 7.49% 9.73% 9.50%
Free cash flow yield 13.31% 16.47% 13.29%

Profitability

Metric KNSL THG Insurance Property & Casualty median
Gross margin 36.47% 44.76% 41.16%
Operating margin 36.33% 14.98% 15.09%
Net margin 28.49% 11.17% 11.51%
Free cash flow margin 50.14% 18.52% 17.59%
Return on equity 30.27% 21.94% 18.19%
Return on assets 9.49% 4.64% 3.74%
Return on invested capital 22.12% 14.21% 12.06%

Growth

Metric KNSL THG Insurance Property & Casualty median
Revenue growth (TTM) 15.82% 5.57% 8.69%
EPS growth (last fiscal year) 21.77% 55.21% —
Revenue growth, 5-year CAGR 32.44% 6.45% 9.23%
Net income growth, 5-year CAGR 41.62% 13.06% 10.09%

Health

Metric KNSL THG Insurance Property & Casualty median
Debt to equity 0.11 0.23 0.25
Current ratio 0.09 0.37 0.42
Net debt to EBITDA 0.09 0.11 0.08

Dividend

Metric KNSL THG Insurance Property & Casualty median
Dividend yield 0.14% 2.64% 2.79%
Payout ratio 0.05 0.37 0.27

Size

Metric KNSL THG Insurance Property & Casualty median
Market cap 7.76b 7.59b 2.44b

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