Selective Insurance Group, Inc. (SIGI) vs Slide Insurance Holdings, Inc. (SLDE)

Selective Insurance Group, Inc. and Slide Insurance Holdings, Inc. are both Insurance Property & Casualty companies. Selective Insurance Group, Inc. is the larger, with a market value of $5.2B against $3.1B — 1.7× the size. Slide Insurance Holdings, Inc. trades at the lower P/E: 5.9× against 11.1×. Slide Insurance Holdings, Inc. grew revenue faster over the last twelve months: 45.8% against 7.01%. Slide Insurance Holdings, Inc. has the higher net margin (40.0% vs 8.93%) and the lower return on invested capital (0.00% vs 9.36%). Both pay a dividend; Selective Insurance Group, Inc. yields more (1.93% vs 0.26%). Across the 19 metrics below, Slide Insurance Holdings, Inc. leads on 14 and Selective Insurance Group, Inc. on 5.

Valuation

Metric SIGI SLDE Insurance Property & Casualty median
P/E 11.06 5.92 10.75
P/S 0.97 2.25 1.21
P/B 1.54 2.61 1.99
Price to free cash flow 4.44 3.02 7.76
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 9.04% 16.88% 9.08%
Free cash flow yield 22.50% 33.12% 12.11%

Profitability

Metric SIGI SLDE Insurance Property & Casualty median
Gross margin 41.16% 67.94% 41.16%
Operating margin 12.46% 53.05% 15.09%
Net margin 8.93% 40.02% 11.51%
Free cash flow margin 21.73% 74.49% 17.46%
Return on equity 14.73% 53.88% 17.34%
Return on assets 3.25% 17.33% 3.74%
Return on invested capital 9.36% 0.00% 12.06%

Growth

Metric SIGI SLDE Insurance Property & Casualty median
Revenue growth (TTM) 7.01% 45.82% 8.02%
EPS growth (last fiscal year) 131.89% 102.37% 39.61%
Revenue growth, 5-year CAGR 12.80% — 9.23%
Net income growth, 5-year CAGR 13.16% — 10.09%

Health

Metric SIGI SLDE Insurance Property & Casualty median
Debt to equity 0.25 0.02 0.25
Current ratio 0.25 1.22 0.42
Net debt to EBITDA 1.32 (2.73) 0.08

Dividend

Metric SIGI SLDE Insurance Property & Casualty median
Dividend yield 1.93% 0.26% 1.50%
Payout ratio 0.21 0.02 0.14

Size

Metric SIGI SLDE Insurance Property & Casualty median
Market cap 5.20b 3.10b 2.67b

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