Pelagos Insurance Capital Limited (PLGO) vs Exzeo Group, Inc. (XZO)

Pelagos Insurance Capital Limited and Exzeo Group, Inc. are both Insurance Diversified companies. Pelagos Insurance Capital Limited is the larger, with a market value of $2.0B against $1.4B — 1.4× the size. Pelagos Insurance Capital Limited trades at the lower P/E: 5.8× against 15.5×. Exzeo Group, Inc. has the higher net margin (39.5% vs 15.9%) and the higher return on invested capital (44.4% vs 13.4%). Across the 19 metrics below, Exzeo Group, Inc. leads on 10 and Pelagos Insurance Capital Limited on 9.

Valuation

Metric PLGO XZO Insurance Diversified median
P/E 5.85 15.52 11.30
P/S 0.81 6.05 1.47
P/B 0.92 4.66 1.45
Price to free cash flow 3.23 16.46 5.78
EV/EBITDA 4.43 10.90 6.62
EV/Sales 0.89 5.43 1.82
Earnings yield 17.10% 6.44% 7.87%
Free cash flow yield 30.97% 6.08% 17.30%

Profitability

Metric PLGO XZO Insurance Diversified median
Gross margin 25.19% 62.32% 53.26%
Operating margin 20.68% 48.51% 18.04%
Net margin 15.94% 39.45% 15.94%
Free cash flow margin 25.07% 36.76% 20.02%
Return on equity 17.64% 57.63% 12.08%
Return on assets 2.97% 45.36% 5.06%
Return on invested capital 13.40% 44.41% 9.01%

Growth

Metric PLGO XZO Insurance Diversified median
Revenue growth (TTM) (3.61%) — (1.11%)
EPS growth (last fiscal year) 115.31% 69.29% —
Revenue growth, 5-year CAGR 26.60% — 8.63%
Net income growth, 5-year CAGR 12.17% — 10.84%

Health

Metric PLGO XZO Insurance Diversified median
Debt to equity 0.32 0.00 0.22
Current ratio 0.65 1.85 0.48
Net debt to EBITDA (1.33) (2.80) 0.17

Dividend

Metric PLGO XZO Insurance Diversified median
Dividend yield — — 2.08%
Payout ratio — — 0.02

Size

Metric PLGO XZO Insurance Diversified median
Market cap 1.99b 1.41b 13.12b

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