Selective Insurance Group, Inc. (SIGI) vs White Mountains Insurance Group, Ltd. (WTM)

Selective Insurance Group, Inc. and White Mountains Insurance Group, Ltd. are both Insurance Property & Casualty companies. Selective Insurance Group, Inc. and White Mountains Insurance Group, Ltd. are of similar size ($5.1B and $4.8B). White Mountains Insurance Group, Ltd. trades at the lower P/E: 4.6× against 10.7×. White Mountains Insurance Group, Ltd. grew revenue faster over the last twelve months: 55.5% against 7.01%. White Mountains Insurance Group, Ltd. has the higher net margin (29.3% vs 8.93%) and the higher return on invested capital (13.4% vs 9.36%). Both pay a dividend; Selective Insurance Group, Inc. yields more (1.47% vs 0.06%). Across the 23 metrics below, White Mountains Insurance Group, Ltd. leads on 16 and Selective Insurance Group, Inc. on 7.

Valuation

Metric SIGI WTM Insurance Property & Casualty median
P/E 10.68 4.62 10.29
P/S 0.94 1.28 1.17
P/B 1.48 0.80 1.83
Price to free cash flow 4.29 12.62 7.48
EV/EBITDA 8.65 3.54 7.49
EV/Sales 1.13 1.49 1.13
Earnings yield 9.36% 21.66% 9.50%
Free cash flow yield 23.30% 7.93% 13.29%

Profitability

Metric SIGI WTM Insurance Property & Casualty median
Gross margin 41.16% 59.35% 41.16%
Operating margin 12.46% 40.83% 15.09%
Net margin 8.93% 29.29% 11.51%
Free cash flow margin 21.73% 10.13% 17.59%
Return on equity 14.73% 19.58% 18.19%
Return on assets 3.25% 8.77% 3.74%
Return on invested capital 9.36% 13.42% 12.06%

Growth

Metric SIGI WTM Insurance Property & Casualty median
Revenue growth (TTM) 7.01% 55.45% 8.69%
EPS growth (last fiscal year) 131.89% 379.05% —
Revenue growth, 5-year CAGR 12.80% 33.06% 9.23%
Net income growth, 5-year CAGR 13.16% 9.32% 10.09%

Health

Metric SIGI WTM Insurance Property & Casualty median
Debt to equity 0.25 0.15 0.25
Current ratio 0.25 0.56 0.42
Net debt to EBITDA 1.32 0.41 0.08

Dividend

Metric SIGI WTM Insurance Property & Casualty median
Dividend yield 1.47% 0.06% 2.79%
Payout ratio 0.27 0.01 0.27

Size

Metric SIGI WTM Insurance Property & Casualty median
Market cap 5.11b 4.84b 2.44b

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