Old Republic International Corporation (ORI) vs RLI Corp. (RLI)

Old Republic International Corporation and RLI Corp. are both Insurance Property & Casualty companies. Old Republic International Corporation is the larger, with a market value of $9.3B against $6.1B — 1.5× the size. Old Republic International Corporation trades at the lower P/E: 8.5× against 15.6×. Old Republic International Corporation grew revenue faster over the last twelve months: 12.5% against 4.65%. RLI Corp. has the higher net margin (20.3% vs 11.2%) and the higher return on invested capital (16.5% vs 12.5%). Both pay a dividend; Old Republic International Corporation yields more (3.19% vs 0.78%). Across the 21 metrics below, RLI Corp. leads on 13 and Old Republic International Corporation on 8.

Valuation

Metric ORI RLI Insurance Property & Casualty median
P/E 8.52 15.56 11.87
P/S 0.94 3.16 1.26
P/B 1.58 3.61 1.99
Price to free cash flow 8.12 11.53 8.12
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 11.74% 6.43% 8.04%
Free cash flow yield 12.32% 8.67% 11.85%

Profitability

Metric ORI RLI Insurance Property & Casualty median
Gross margin 14.85% 33.49% 41.66%
Operating margin 14.85% 26.42% 14.71%
Net margin 11.20% 20.34% 10.84%
Free cash flow margin 11.64% 27.37% 17.46%
Return on equity 17.88% 22.13% 16.87%
Return on assets 3.57% 6.23% 3.57%
Return on invested capital 12.51% 16.47% 12.03%

Growth

Metric ORI RLI Insurance Property & Casualty median
Revenue growth (TTM) 12.51% 4.65% 5.92%
EPS growth (last fiscal year) 14.81% 16.84% 39.61%
Revenue growth, 5-year CAGR 4.98% 13.86% 9.23%
Net income growth, 5-year CAGR 10.86% 20.75% 10.09%

Health

Metric ORI RLI Insurance Property & Casualty median
Debt to equity 0.30 0.18 0.25
Current ratio 0.18 0.25 0.42
Net debt to EBITDA 1.04 0.09 0.08

Dividend

Metric ORI RLI Insurance Property & Casualty median
Dividend yield 3.19% 0.78% 1.44%
Payout ratio 0.28 0.12 0.14

Size

Metric ORI RLI Insurance Property & Casualty median
Market cap 9.30b 6.13b 2.61b

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