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 ($8.9B and $8.6B). The Hanover Insurance Group, Inc. trades at the lower P/E: 11.7× against 17.2×. Kinsale Capital Group, Inc. grew revenue faster over the last twelve months: 8.35% against 5.04%. Kinsale Capital Group, Inc. has the higher net margin (26.9% vs 11.0%) and the higher return on invested capital (21.1% vs 15.9%). Both pay a dividend; The Hanover Insurance Group, Inc. yields more (1.53% vs 0.23%). 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 17.23 11.69 12.17
P/S 4.56 1.26 1.26
P/B 4.64 2.51 1.85
Price to free cash flow 9.16 7.08 8.04
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 5.81% 8.55% 8.20%
Free cash flow yield 10.92% 14.13% 11.86%

Profitability

Metric KNSL THG Insurance Property & Casualty median
Gross margin 34.47% 44.41% 37.39%
Operating margin 34.33% 14.71% 14.67%
Net margin 26.89% 10.97% 10.16%
Free cash flow margin 49.82% 17.85% 18.60%
Return on equity 27.76% 21.83% 16.59%
Return on assets 8.56% 4.43% 3.38%
Return on invested capital 21.13% 15.87% 9.43%

Growth

Metric KNSL THG Insurance Property & Casualty median
Revenue growth (TTM) 8.35% 5.04% 5.70%
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 0.12 0.25 0.25
Current ratio 0.07 0.39 0.49
Net debt to EBITDA 0.09 0.11 0.08

Dividend

Metric KNSL THG Insurance Property & Casualty median
Dividend yield 0.23% 1.53% 1.56%
Payout ratio 0.04 0.18 0.15

Size

Metric KNSL THG Insurance Property & Casualty median
Market cap 8.93b 8.57b 2.64b

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