RLI Corp. (RLI) vs White Mountains Insurance Group, Ltd. (WTM)

RLI Corp. and White Mountains Insurance Group, Ltd. are both Insurance Property & Casualty companies. RLI Corp. and White Mountains Insurance Group, Ltd. are of similar size ($5.5B and $5.1B). White Mountains Insurance Group, Ltd. trades at the lower P/E: 4.9× against 12.8×. White Mountains Insurance Group, Ltd. grew revenue faster over the last twelve months: 55.5% against 8.69%. White Mountains Insurance Group, Ltd. has the higher net margin (29.3% vs 22.2%) and the lower return on invested capital (13.4% vs 17.4%). Both pay a dividend; RLI Corp. yields more (0.85% vs 0.05%). Across the 21 metrics below, White Mountains Insurance Group, Ltd. leads on 13 and RLI Corp. on 8.

Valuation

Metric RLI WTM Insurance Property & Casualty median
P/E 12.83 4.92 10.75
P/S 2.84 1.36 1.21
P/B 3.20 0.85 1.99
Price to free cash flow 10.86 13.43 7.76
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 7.79% 20.35% 9.08%
Free cash flow yield 9.21% 7.45% 12.11%

Profitability

Metric RLI WTM Insurance Property & Casualty median
Gross margin 35.51% 59.35% 41.16%
Operating margin 28.50% 40.83% 15.09%
Net margin 22.22% 29.29% 11.51%
Free cash flow margin 26.19% 10.13% 17.46%
Return on equity 25.16% 19.58% 17.34%
Return on assets 7.07% 8.77% 3.74%
Return on invested capital 17.43% 13.42% 12.06%

Growth

Metric RLI WTM Insurance Property & Casualty median
Revenue growth (TTM) 8.69% 55.45% 8.02%
EPS growth (last fiscal year) 16.84% 379.05% 39.61%
Revenue growth, 5-year CAGR 13.86% 33.06% 9.23%
Net income growth, 5-year CAGR 20.75% 9.32% 10.09%

Health

Metric RLI WTM Insurance Property & Casualty median
Debt to equity 0.17 0.15 0.25
Current ratio 0.26 0.56 0.42
Net debt to EBITDA 0.09 0.41 0.08

Dividend

Metric RLI WTM Insurance Property & Casualty median
Dividend yield 0.85% 0.05% 1.50%
Payout ratio 0.11 0.00 0.14

Size

Metric RLI WTM Insurance Property & Casualty median
Market cap 5.46b 5.12b 2.67b

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