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 $8.6B against $5.5B — 1.6× the size. White Mountains Insurance Group, Ltd. trades at the lower P/E: 5.2× against 16.6×. White Mountains Insurance Group, Ltd. grew revenue faster over the last twelve months: 55.5% against 8.35%. White Mountains Insurance Group, Ltd. has the higher net margin (29.3% vs 26.9%) and the lower return on invested capital (13.4% vs 21.1%). Both pay a dividend; Kinsale Capital Group, Inc. yields more (0.24% vs 0.04%). Across the 21 metrics below, White Mountains Insurance Group, Ltd. leads on 12 and Kinsale Capital Group, Inc. on 9.

Valuation

Metric KNSL WTM Insurance Property & Casualty median
P/E 16.65 5.19 11.87
P/S 4.41 1.43 1.26
P/B 4.49 0.90 1.99
Price to free cash flow 8.85 14.18 8.12
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 6.01% 19.27% 8.04%
Free cash flow yield 11.30% 7.05% 11.85%

Profitability

Metric KNSL WTM Insurance Property & Casualty median
Gross margin 34.47% 59.35% 41.66%
Operating margin 34.33% 40.83% 14.71%
Net margin 26.89% 29.29% 10.84%
Free cash flow margin 49.82% 10.13% 17.46%
Return on equity 27.76% 19.58% 16.87%
Return on assets 8.56% 8.77% 3.57%
Return on invested capital 21.13% 13.42% 12.03%

Growth

Metric KNSL WTM Insurance Property & Casualty median
Revenue growth (TTM) 8.35% 55.45% 5.92%
EPS growth (last fiscal year) 21.77% 379.05% 39.61%
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 0.12 0.15 0.25
Current ratio 0.07 0.56 0.42
Net debt to EBITDA 0.09 0.41 0.08

Dividend

Metric KNSL WTM Insurance Property & Casualty median
Dividend yield 0.24% 0.04% 1.44%
Payout ratio 0.04 0.00 0.14

Size

Metric KNSL WTM Insurance Property & Casualty median
Market cap 8.63b 5.46b 2.61b

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