Kinsale Capital Group, Inc. (KNSL) vs White Mountains Insurance Group, Ltd. (WTM)

Kinsale Capital Group, Inc. and White Mountains Insurance Group, Ltd. are both Insurance Property & Casualty companies. Kinsale Capital Group, Inc. is the larger, with a market value of $7.8B against $4.8B — 1.6× the size. White Mountains Insurance Group, Ltd. trades at the lower P/E: 4.6× against 13.3×. White Mountains Insurance Group, Ltd. grew revenue faster over the last twelve months: 55.5% against 15.8%. White Mountains Insurance Group, Ltd. has the higher net margin (29.3% vs 28.5%) and the lower return on invested capital (13.4% vs 22.1%). Both pay a dividend; Kinsale Capital Group, Inc. yields more (0.14% vs 0.06%). Across the 23 metrics below, White Mountains Insurance Group, Ltd. leads on 13 and Kinsale Capital Group, Inc. on 10.

Valuation

Metric KNSL WTM Insurance Property & Casualty median
P/E 13.35 4.62 10.29
P/S 3.77 1.28 1.17
P/B 3.70 0.80 1.83
Price to free cash flow 7.52 12.62 7.48
EV/EBITDA 10.43 3.54 7.49
EV/Sales 3.79 1.49 1.13
Earnings yield 7.49% 21.66% 9.50%
Free cash flow yield 13.31% 7.93% 13.29%

Profitability

Metric KNSL WTM Insurance Property & Casualty median
Gross margin 36.47% 59.35% 41.16%
Operating margin 36.33% 40.83% 15.09%
Net margin 28.49% 29.29% 11.51%
Free cash flow margin 50.14% 10.13% 17.59%
Return on equity 30.27% 19.58% 18.19%
Return on assets 9.49% 8.77% 3.74%
Return on invested capital 22.12% 13.42% 12.06%

Growth

Metric KNSL WTM Insurance Property & Casualty median
Revenue growth (TTM) 15.82% 55.45% 8.69%
EPS growth (last fiscal year) 21.77% 379.05% —
Revenue growth, 5-year CAGR 32.44% 33.06% 9.23%
Net income growth, 5-year CAGR 41.62% 9.32% 10.09%

Health

Metric KNSL WTM Insurance Property & Casualty median
Debt to equity 0.11 0.15 0.25
Current ratio 0.09 0.56 0.42
Net debt to EBITDA 0.09 0.41 0.08

Dividend

Metric KNSL WTM Insurance Property & Casualty median
Dividend yield 0.14% 0.06% 2.79%
Payout ratio 0.05 0.01 0.27

Size

Metric KNSL WTM Insurance Property & Casualty median
Market cap 7.76b 4.84b 2.44b

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