Old Republic International Corporation (ORI) vs White Mountains Insurance Group, Ltd. (WTM)

Old Republic International Corporation and White Mountains Insurance Group, Ltd. are both Insurance Property & Casualty companies. Old Republic International Corporation is the larger, with a market value of $9.3B against $5.5B — 1.7× the size. White Mountains Insurance Group, Ltd. trades at the lower P/E: 5.2× against 8.5×. White Mountains Insurance Group, Ltd. grew revenue faster over the last twelve months: 55.5% against 12.5%. White Mountains Insurance Group, Ltd. has the higher net margin (29.3% vs 11.2%) and the higher return on invested capital (13.4% vs 12.5%). Both pay a dividend; Old Republic International Corporation yields more (3.19% vs 0.04%). Across the 21 metrics below, White Mountains Insurance Group, Ltd. leads on 15 and Old Republic International Corporation on 6.

Valuation

Metric ORI WTM Insurance Property & Casualty median
P/E 8.52 5.19 11.87
P/S 0.94 1.43 1.26
P/B 1.58 0.90 1.99
Price to free cash flow 8.12 14.18 8.12
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 11.74% 19.27% 8.04%
Free cash flow yield 12.32% 7.05% 11.85%

Profitability

Metric ORI WTM Insurance Property & Casualty median
Gross margin 14.85% 59.35% 41.66%
Operating margin 14.85% 40.83% 14.71%
Net margin 11.20% 29.29% 10.84%
Free cash flow margin 11.64% 10.13% 17.46%
Return on equity 17.88% 19.58% 16.87%
Return on assets 3.57% 8.77% 3.57%
Return on invested capital 12.51% 13.42% 12.03%

Growth

Metric ORI WTM Insurance Property & Casualty median
Revenue growth (TTM) 12.51% 55.45% 5.92%
EPS growth (last fiscal year) 14.81% 379.05% 39.61%
Revenue growth, 5-year CAGR 4.98% 33.06% 9.23%
Net income growth, 5-year CAGR 10.86% 9.32% 10.09%

Health

Metric ORI WTM Insurance Property & Casualty median
Debt to equity 0.30 0.15 0.25
Current ratio 0.18 0.56 0.42
Net debt to EBITDA 1.04 0.41 0.08

Dividend

Metric ORI WTM Insurance Property & Casualty median
Dividend yield 3.19% 0.04% 1.44%
Payout ratio 0.28 0.00 0.14

Size

Metric ORI WTM Insurance Property & Casualty median
Market cap 9.30b 5.46b 2.61b

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