Skyward Specialty Insurance Group, Inc. (SKWD) vs Slide Insurance Holdings, Inc. (SLDE)

Skyward Specialty Insurance Group, Inc. and Slide Insurance Holdings, Inc. are both Insurance Property & Casualty companies. Skyward Specialty Insurance Group, Inc. and Slide Insurance Holdings, Inc. are of similar size ($3.1B and $2.8B). Slide Insurance Holdings, Inc. trades at the lower P/E: 5.3× against 13.7×. Slide Insurance Holdings, Inc. grew revenue faster over the last twelve months: 47.1% against 35.3%. Slide Insurance Holdings, Inc. has the higher net margin (39.3% vs 10.6%) and the lower return on invested capital (0.00% vs 11.8%). Across the 18 metrics below, Slide Insurance Holdings, Inc. leads on 15 and Skyward Specialty Insurance Group, Inc. on 3.

Valuation

Metric SKWD SLDE Insurance Property & Casualty median
P/E 13.73 5.34 11.90
P/S 1.49 2.04 1.24
P/B 2.11 2.33 1.86
Price to free cash flow 6.22 3.15 7.91
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 7.28% 18.74% 8.14%
Free cash flow yield 16.07% 31.71% 11.91%

Profitability

Metric SKWD SLDE Insurance Property & Casualty median
Gross margin 44.33% 64.75% 39.44%
Operating margin 14.93% 50.68% 14.71%
Net margin 10.62% 39.28% 10.47%
Free cash flow margin 24.42% 64.74% 18.60%
Return on equity 17.14% 51.44% 16.87%
Return on assets 3.27% 19.18% 3.49%
Return on invested capital 11.84% 0.00% 11.84%

Growth

Metric SKWD SLDE Insurance Property & Casualty median
Revenue growth (TTM) 35.27% 47.09% 5.51%
EPS growth (last fiscal year) 41.81% 102.37% 39.61%
Revenue growth, 5-year CAGR — — 9.23%
Net income growth, 5-year CAGR — — 10.09%

Health

Metric SKWD SLDE Insurance Property & Casualty median
Debt to equity 0.33 0.02 0.25
Current ratio 0.52 1.26 0.49
Net debt to EBITDA (0.43) (2.73) 0.08

Dividend

Metric SKWD SLDE Insurance Property & Casualty median
Dividend yield — 0.27% 1.59%
Payout ratio — 0.02 0.15

Size

Metric SKWD SLDE Insurance Property & Casualty median
Market cap 2.84b 3.10b 2.62b

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