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 $9.2B against $5.2B — 1.8× the size. Old Republic International Corporation trades at the lower P/E: 8.2× against 12.1×. Old Republic International Corporation grew revenue faster over the last twelve months: 12.1% against 8.69%. RLI Corp. has the higher net margin (22.2% vs 11.7%) and the higher return on invested capital (17.4% vs 12.1%). Both pay a dividend; Old Republic International Corporation yields more (3.22% vs 0.90%). 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 8.20 12.11 10.61
P/S 0.95 2.68 1.20
P/B 1.51 3.02 1.91
Price to free cash flow 7.20 10.25 7.55
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 12.19% 8.26% 9.35%
Free cash flow yield 13.89% 9.76% 12.63%

Profitability

Metric ORI RLI Insurance Property & Casualty median
Gross margin 15.79% 35.51% 41.16%
Operating margin 15.79% 28.50% 15.09%
Net margin 11.71% 22.22% 11.51%
Free cash flow margin 13.17% 26.19% 17.59%
Return on equity 18.52% 25.16% 18.19%
Return on assets 3.74% 7.07% 3.74%
Return on invested capital 12.06% 17.43% 12.06%

Growth

Metric ORI RLI Insurance Property & Casualty median
Revenue growth (TTM) 12.12% 8.69% 8.69%
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 0.38 0.17 0.25
Current ratio 0.19 0.26 0.42
Net debt to EBITDA 1.04 0.09 0.08

Dividend

Metric ORI RLI Insurance Property & Casualty median
Dividend yield 3.22% 0.90% 1.53%
Payout ratio 0.27 0.11 0.14

Size

Metric ORI RLI Insurance Property & Casualty median
Market cap 9.21b 5.24b 2.65b

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