Old Republic International Corporation (ORI) vs The Hanover Insurance Group, Inc. (THG)

Old Republic International Corporation and The Hanover Insurance Group, Inc. are both Insurance Property & Casualty companies. Old Republic International Corporation is the larger, with a market value of $9.7B against $8.6B — 1.1× the size. Old Republic International Corporation trades at the lower P/E: 8.8× against 11.7×. Old Republic International Corporation grew revenue faster over the last twelve months: 12.5% against 5.04%. Old Republic International Corporation has the higher net margin (11.2% vs 11.0%) and the lower return on invested capital (12.5% vs 15.9%). Both pay a dividend; Old Republic International Corporation yields more (3.07% vs 1.53%). Across the 21 metrics below, The Hanover Insurance Group, Inc. leads on 13 and Old Republic International Corporation on 8.

Valuation

Metric ORI THG Insurance Property & Casualty median
P/E 8.85 11.69 12.17
P/S 0.98 1.26 1.26
P/B 1.64 2.51 1.85
Price to free cash flow 8.44 7.08 8.04
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 11.30% 8.55% 8.20%
Free cash flow yield 11.86% 14.13% 11.86%

Profitability

Metric ORI THG Insurance Property & Casualty median
Gross margin 14.85% 44.41% 37.39%
Operating margin 14.85% 14.71% 14.67%
Net margin 11.20% 10.97% 10.16%
Free cash flow margin 11.64% 17.85% 18.60%
Return on equity 17.88% 21.83% 16.59%
Return on assets 3.57% 4.43% 3.38%
Return on invested capital 12.51% 15.87% 9.43%

Growth

Metric ORI THG Insurance Property & Casualty median
Revenue growth (TTM) 12.51% 5.04% 5.70%
EPS growth (last fiscal year) 14.81% 55.21% 39.61%
Revenue growth, 5-year CAGR 4.98% 6.45% 9.23%
Net income growth, 5-year CAGR 10.86% 13.06% 10.09%

Health

Metric ORI THG Insurance Property & Casualty median
Debt to equity 0.30 0.25 0.25
Current ratio 0.18 0.39 0.49
Net debt to EBITDA 1.04 0.11 0.08

Dividend

Metric ORI THG Insurance Property & Casualty median
Dividend yield 3.07% 1.53% 1.56%
Payout ratio 0.28 0.18 0.15

Size

Metric ORI THG Insurance Property & Casualty median
Market cap 9.69b 8.57b 2.64b

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