RenaissanceRe Holdings Ltd. (RNR) vs SiriusPoint Ltd. (SPNT)

RenaissanceRe Holdings Ltd. and SiriusPoint Ltd. are both Insurance Reinsurance companies. RenaissanceRe Holdings Ltd. is the larger, with a market value of $14.3B against $3.1B — 4.7× the size. SiriusPoint Ltd. trades at the lower P/E: 6.2× against 10.1×. SiriusPoint Ltd. grew revenue faster over the last twelve months: 18.1% against −20.9%. RenaissanceRe Holdings Ltd. has the higher net margin (15.6% vs 0.00%) and the higher return on invested capital (14.4% vs 0.00%). Across the 20 metrics below, RenaissanceRe Holdings Ltd. leads on 10 and SiriusPoint Ltd. on 10.

Valuation

Metric RNR SPNT Insurance Reinsurance median
P/E 10.08 6.20 9.37
P/S 1.47 0.90 0.93
P/B 1.34 1.33 1.17
Price to free cash flow 5.04 10.80 5.79
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 9.92% 16.13% 10.30%
Free cash flow yield 19.85% 9.26% 13.27%

Profitability

Metric RNR SPNT Insurance Reinsurance median
Gross margin 36.30% 35.05% 35.68%
Operating margin 31.42% 0.00% 11.26%
Net margin 15.59% 0.00% 7.19%
Free cash flow margin 29.26% 8.34% 14.62%
Return on equity 14.06% 23.65% 12.20%
Return on assets 2.75% 0.00% 1.83%
Return on invested capital 14.39% 0.00% 9.11%

Growth

Metric RNR SPNT Insurance Reinsurance median
Revenue growth (TTM) (20.88%) 18.14% 16.82%
EPS growth (last fiscal year) 59.13% 250.00% 62.00%
Revenue growth, 5-year CAGR 19.96% 29.22% 14.51%
Net income growth, 5-year CAGR 29.23% 25.50% 25.23%

Health

Metric RNR SPNT Insurance Reinsurance median
Debt to equity 0.21 0.30 0.23
Current ratio 0.47 0.58 0.59
Net debt to EBITDA 0.15 (0.20) (0.03)

Dividend

Metric RNR SPNT Insurance Reinsurance median
Dividend yield 0.46% — —
Payout ratio 0.05 — —

Size

Metric RNR SPNT Insurance Reinsurance median
Market cap 14.31b 3.05b 3.34b

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