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 $5.5B against $4.1B — 1.3× the size. White Mountains Insurance Group, Ltd. trades at the lower P/E: 6.0× against 20.2×. Palomar Holdings, Inc. grew revenue faster over the last twelve months: 60.0% against 44.9%. White Mountains Insurance Group, Ltd. has the higher net margin (26.9% vs 18.6%) and the lower return on invested capital (0.00% vs 13.5%). Both pay a dividend; Palomar Holdings, Inc. yields more (0.29% vs 0.04%). Across the 21 metrics below, Palomar Holdings, Inc. leads on 12 and White Mountains Insurance Group, Ltd. on 9.

Valuation

Metric PLMR WTM Insurance Property & Casualty median
P/E 20.18 6.04 12.17
P/S 3.74 1.49 1.26
P/B 4.16 0.88 1.85
Price to free cash flow 9.99 13.97 8.04
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 4.95% 16.55% 8.20%
Free cash flow yield 10.01% 7.16% 11.86%

Profitability

Metric PLMR WTM Insurance Property & Casualty median
Gross margin 24.87% 0.00% 37.39%
Operating margin 24.87% 0.00% 14.67%
Net margin 18.61% 26.86% 10.16%
Free cash flow margin 37.41% 10.69% 18.60%
Return on equity 22.23% 16.59% 16.59%
Return on assets 5.98% 7.54% 3.38%
Return on invested capital 13.54% 0.00% 9.43%

Growth

Metric PLMR WTM Insurance Property & Casualty median
Revenue growth (TTM) 59.98% 44.92% 5.70%
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 0.49
Net debt to EBITDA (0.41) 0.41 0.08

Dividend

Metric PLMR WTM Insurance Property & Casualty median
Dividend yield 0.29% 0.04% 1.56%
Payout ratio 0.06 0.00 0.15

Size

Metric PLMR WTM Insurance Property & Casualty median
Market cap 4.10b 5.48b 2.64b

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