Markel Group Inc. (MKL) vs Old Republic International Corporation (ORI)

Markel Group Inc. and Old Republic International Corporation are both Insurance Property & Casualty companies. Markel Group Inc. is the larger, with a market value of $23.9B against $9.7B — 2.5× the size. Old Republic International Corporation trades at the lower P/E: 8.8× against 13.8×. Old Republic International Corporation grew revenue faster over the last twelve months: 12.5% against −0.64%. Old Republic International Corporation has the higher net margin (11.2% vs 11.1%) and the higher return on invested capital (12.5% vs 8.25%). Across the 20 metrics below, Old Republic International Corporation leads on 12 and Markel Group Inc. on 8.

Valuation

Metric MKL ORI Insurance Property & Casualty median
P/E 13.79 8.85 12.17
P/S 1.50 0.98 1.26
P/B 1.31 1.64 1.85
Price to free cash flow 13.42 8.44 8.04
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 7.25% 11.30% 8.20%
Free cash flow yield 7.45% 11.86% 11.86%

Profitability

Metric MKL ORI Insurance Property & Casualty median
Gross margin 50.23% 14.85% 37.39%
Operating margin 15.31% 14.85% 14.67%
Net margin 11.13% 11.20% 10.16%
Free cash flow margin 11.19% 11.64% 18.60%
Return on equity 9.81% 17.88% 16.59%
Return on assets 2.57% 3.57% 3.38%
Return on invested capital 8.25% 12.51% 9.43%

Growth

Metric MKL ORI Insurance Property & Casualty median
Revenue growth (TTM) (0.64%) 12.51% 5.70%
EPS growth (last fiscal year) (15.10%) 14.81% 39.61%
Revenue growth, 5-year CAGR 11.25% 4.98% 9.23%
Net income growth, 5-year CAGR 21.14% 10.86% 10.09%

Health

Metric MKL ORI Insurance Property & Casualty median
Debt to equity 0.24 0.30 0.25
Current ratio 0.59 0.18 0.49
Net debt to EBITDA (0.09) 1.04 0.08

Dividend

Metric MKL ORI Insurance Property & Casualty median
Dividend yield — 3.07% 1.56%
Payout ratio — 0.28 0.15

Size

Metric MKL ORI Insurance Property & Casualty median
Market cap 23.85b 9.69b 2.64b

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