Slide Insurance Holdings, Inc. (SLDE) vs White Mountains Insurance Group, Ltd. (WTM)

Slide Insurance Holdings, Inc. and White Mountains Insurance Group, Ltd. are both Insurance Property & Casualty companies. White Mountains Insurance Group, Ltd. is the larger, with a market value of $5.1B against $3.1B — 1.7× the size. White Mountains Insurance Group, Ltd. trades at the lower P/E: 4.9× against 5.9×. White Mountains Insurance Group, Ltd. grew revenue faster over the last twelve months: 55.5% against 45.8%. Slide Insurance Holdings, Inc. has the higher net margin (40.0% vs 29.3%) and the lower return on invested capital (0.00% vs 13.4%). Both pay a dividend; Slide Insurance Holdings, Inc. yields more (0.26% vs 0.05%). Across the 19 metrics below, Slide Insurance Holdings, Inc. leads on 12 and White Mountains Insurance Group, Ltd. on 7.

Valuation

Metric SLDE WTM Insurance Property & Casualty median
P/E 5.92 4.92 10.75
P/S 2.25 1.36 1.21
P/B 2.61 0.85 1.99
Price to free cash flow 3.02 13.43 7.76
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 16.88% 20.35% 9.08%
Free cash flow yield 33.12% 7.45% 12.11%

Profitability

Metric SLDE WTM Insurance Property & Casualty median
Gross margin 67.94% 59.35% 41.16%
Operating margin 53.05% 40.83% 15.09%
Net margin 40.02% 29.29% 11.51%
Free cash flow margin 74.49% 10.13% 17.46%
Return on equity 53.88% 19.58% 17.34%
Return on assets 17.33% 8.77% 3.74%
Return on invested capital 0.00% 13.42% 12.06%

Growth

Metric SLDE WTM Insurance Property & Casualty median
Revenue growth (TTM) 45.82% 55.45% 8.02%
EPS growth (last fiscal year) 102.37% 379.05% 39.61%
Revenue growth, 5-year CAGR — 33.06% 9.23%
Net income growth, 5-year CAGR — 9.32% 10.09%

Health

Metric SLDE WTM Insurance Property & Casualty median
Debt to equity 0.02 0.15 0.25
Current ratio 1.22 0.56 0.42
Net debt to EBITDA (2.73) 0.41 0.08

Dividend

Metric SLDE WTM Insurance Property & Casualty median
Dividend yield 0.26% 0.05% 1.50%
Payout ratio 0.02 0.00 0.14

Size

Metric SLDE WTM Insurance Property & Casualty median
Market cap 3.10b 5.12b 2.67b

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