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 ($8.1B and $8.0B). The Hanover Insurance Group, Inc. trades at the lower P/E: 11.0× against 14.7×. 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 (1.63% vs 0.25%). Across the 21 metrics below, Kinsale Capital Group, Inc. leads on 11 and The Hanover Insurance Group, Inc. on 10.

Valuation

Metric KNSL THG Insurance Property & Casualty median
P/E 14.67 11.02 10.75
P/S 4.14 1.21 1.21
P/B 4.06 2.22 1.99
Price to free cash flow 8.26 6.51 7.76
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 6.82% 9.08% 9.08%
Free cash flow yield 12.11% 15.37% 12.11%

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% 17.46%
Return on equity 30.27% 21.94% 17.34%
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% 8.02%
EPS growth (last fiscal year) 21.77% 55.21% 39.61%
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 0.25% 1.63% 1.50%
Payout ratio 0.04 0.18 0.14

Size

Metric KNSL THG Insurance Property & Casualty median
Market cap 8.14b 7.95b 2.67b

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