Palomar Holdings, Inc. (PLMR) vs White Mountains Insurance Group, Ltd. (WTM)

Palomar Holdings, Inc. and White Mountains Insurance Group, Ltd. are both Insurance Property & Casualty companies. White Mountains Insurance Group, Ltd. is the larger, with a market value of $5.1B against $3.6B — 1.4× the size. White Mountains Insurance Group, Ltd. trades at the lower P/E: 4.9× against 18.2×. Palomar Holdings, Inc. grew revenue faster over the last twelve months: 60.0% against 55.5%. White Mountains Insurance Group, Ltd. has the higher net margin (29.3% vs 18.6%) and the lower return on invested capital (13.4% vs 13.5%). Both pay a dividend; Palomar Holdings, Inc. yields more (0.32% vs 0.05%). Across the 21 metrics below, White Mountains Insurance Group, Ltd. leads on 11 and Palomar Holdings, Inc. on 10.

Valuation

Metric PLMR WTM Insurance Property & Casualty median
P/E 18.20 4.92 10.75
P/S 3.37 1.36 1.21
P/B 3.75 0.85 1.99
Price to free cash flow 9.01 13.43 7.76
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 5.49% 20.35% 9.08%
Free cash flow yield 11.10% 7.45% 12.11%

Profitability

Metric PLMR WTM Insurance Property & Casualty median
Gross margin 24.87% 59.35% 41.16%
Operating margin 24.87% 40.83% 15.09%
Net margin 18.61% 29.29% 11.51%
Free cash flow margin 37.41% 10.13% 17.46%
Return on equity 22.23% 19.58% 17.34%
Return on assets 5.98% 8.77% 3.74%
Return on invested capital 13.54% 13.42% 12.06%

Growth

Metric PLMR WTM Insurance Property & Casualty median
Revenue growth (TTM) 59.98% 55.45% 8.02%
EPS growth (last fiscal year) 60.04% 379.05% 39.61%
Revenue growth, 5-year CAGR 39.06% 33.06% 9.23%
Net income growth, 5-year CAGR 99.37% 9.32% 10.09%

Health

Metric PLMR WTM Insurance Property & Casualty median
Debt to equity 0.30 0.15 0.25
Current ratio 0.50 0.56 0.42
Net debt to EBITDA (0.41) 0.41 0.08

Dividend

Metric PLMR WTM Insurance Property & Casualty median
Dividend yield 0.32% 0.05% 1.50%
Payout ratio 0.06 0.00 0.14

Size

Metric PLMR WTM Insurance Property & Casualty median
Market cap 3.62b 5.12b 2.67b

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