Kinsale Capital Group
KNSL · Property & Casualty Insurance
$364.49
6.7%Selective Insurance Group
SIGI · Property & Casualty Insurance
$96.61
5.3%The short version
- Selective Insurance Group is the larger business, with $5.3B of revenue in fiscal 2025 against $1.9B for Kinsale Capital Group, about 2.8 times as much.
- Kinsale Capital Group grew revenue faster (18.0%, against 9.8%).
- Kinsale Capital Group turned more of its sales into free cash flow (52.8% FCF margin, against 22.4% FCF margin).
- Kinsale Capital Group earned a higher return on the capital invested in it (28.7%, against 14.6%).
- Investors pay more for each dollar of Kinsale Capital Group’s earnings: a P/E of 15.9x against 11.6x for Selective Insurance Group.
| Latest fiscal year | KNSL · FY25 | SIGI · FY25 |
|---|---|---|
| Size | ||
| Market cap | $8.2B | $5.8B |
| Revenue | $1.9B | $5.3B |
| Free cash flow | $990M | $1.2B |
| Net income | $504M | $466M |
| Growth | ||
| Revenue growth | 18.0% | 9.8% |
| 5-year growth | 32.4% | 12.8% |
| Share count change | −0.3% | −0.4% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | — | — |
| Net margin | 26.9% | 8.7% |
| FCF margin | 52.8% | 22.4% |
| Return on capital | 28.7% | 14.6% |
| Return on equity | 29.3% | 13.9% |
| Balance sheet | ||
| Net debt | $57.2M | $235M |
| Net debt / EBITDA | 0.1x | 0.4x |
| Dividends and buybacks | $106M | $186M |
| Valuation & quality | ||
| P/E | 15.9x | 11.6x |
| Piotroski F-score | — | — |
FY16
KNSL $142M
SIGI $2.3B
FY17
KNSL $187M
SIGI $2.5B
FY18
KNSL $222M
SIGI $2.6B
FY19
KNSL $316M
SIGI $2.8B
FY20
KNSL $460M
SIGI $2.9B
FY21
KNSL $654M
SIGI $3.4B
FY22
KNSL $839M
SIGI $3.6B
FY23
KNSL $1.2B
SIGI $4.2B
FY24
KNSL $1.6B
SIGI $4.9B
FY25
KNSL $1.9B
SIGI $5.3B
KNSL
SIGI
FY16
KNSL —
SIGI —
FY17
KNSL —
SIGI —
FY18
KNSL —
SIGI —
FY19
KNSL —
SIGI —
FY20
KNSL —
SIGI —
FY21
KNSL —
SIGI —
FY22
KNSL —
SIGI —
FY23
KNSL —
SIGI —
FY24
KNSL —
SIGI —
FY25
KNSL —
SIGI —
KNSL
SIGI
FY16
KNSL $73.2M
SIGI —
FY17
KNSL $77.2M
SIGI —
FY18
KNSL $103M
SIGI $439M
FY19
KNSL $159M
SIGI $447M
FY20
KNSL $247M
SIGI $532M
FY21
KNSL $401M
SIGI $749M
FY22
KNSL $551M
SIGI $776M
FY23
KNSL $853M
SIGI $736M
FY24
KNSL $952M
SIGI $1.1B
FY25
KNSL $990M
SIGI $1.2B
KNSL
SIGI
FY16
KNSL —
SIGI 10.6%
FY17
KNSL —
SIGI 10.1%
FY18
KNSL —
SIGI 10.4%
FY19
KNSL —
SIGI 13.8%
FY20
KNSL —
SIGI 10.2%
FY21
KNSL —
SIGI 14.6%
FY22
KNSL 23.8%
SIGI 8.9%
FY23
KNSL 33.6%
SIGI 13.6%
FY24
KNSL 31.5%
SIGI 7.4%
FY25
KNSL 28.7%
SIGI 14.6%
KNSL
SIGI
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.