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No institutional (13F) filings cover this company, so the Overview and 13F tabs are thin. Everything drawn from its SEC filings is here.
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Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
A reverse discounted cash flow is not shown for an insurer.
Funded by policyholder float, not debt. Reserve adequacy and RBC are the right questions and are not collected yet.
Classified from the filings: SIC code.
Ranked against 23 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-06-30.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MCY | $5.8B | 10.8× | — | 1.0× | 9.4% | 99.7% | 9.0% | 22.4% | 18.1% | — | 341 |
| SIGI | $5.4B | 12.2× | — | 1.0× | 9.8% | — | 8.7% | 12.9% | 12.9% | — | 353 |
| WTM | $5.3B | 5.1× | — | 1.4× | 66.8% | 95.9% | 29.6% | 20.4% | 17.7% | — | 337 |
| PLMR | $3.7B | 19.4× | — | 4.2× | 58.2% | — | 22.5% | 20.9% | 20.9% | — | 329 |
| HG | $3.6B | 6.6× | — | 1.2× | 24.7% | — | 28.9% | 29.8% | 28.3% | — | 236 |
| SLDE | $3.2B | 8.1× | — | 2.7× | 36.5% | — | 38.4% | 39.9% | 38.7% | — | 215 |
| SPNT | $3.0B | 7.0× | — | 0.9× | 23.1% | — | 14.3% | 18.6% | 14.6% | — | — |
| SKWD | $2.7B | 15.1× | — | 1.9× | 23.2% | — | 12.0% | 16.8% | 16.8% | — | 233 |
| HCI | $2.5B | 9.0× | — | 2.8× | 20.1% | — | 33.2% | 28.7% | 28.7% | — | 278 |
| PLGO | $2.1B | 12.2× | — | 0.8× | 3.3% | — | 9.0% | 9.4% | 7.0% | — | — |
| HMN | $1.9B | 11.9× | — | 1.1× | 6.7% | — | 9.5% | 10.9% | 7.8% | — | 250 |
| SAFT | $1.5B | 15.5× | — | 1.2× | 12.8% | — | 7.9% | 11.1% | 10.5% | — | 209 |
| UFCS | $1.5B | 12.8× | — | 1.1× | 10.6% | — | 8.5% | 12.6% | 10.9% | — | 219 |
| KMPB | $1.5B | 10.9× | — | 0.3× | 3.3% | — | 3.0% | 5.3% | 4.0% | — | — |
| ASIC | $1.3B | 17.6× | — | 3.1× | 23.4% | — | 17.4% | 12.0% | 12.0% | — | 85 |
| UVE | $1.3B | 7.5× | — | 0.8× | 5.5% | — | 11.4% | 33.2% | 28.1% | — | 210 |
| BOW | $1.1B | 21.4× | — | 2.0× | 29.6% | — | 9.8% | 12.0% | 9.0% | — | 174 |
| HRTG | $1.1B | 5.9× | 2.3× | 1.3× | 3.7% | — | 23.1% | 38.7% | 33.5% | -1.8× | 182 |
| HIPO | $1.0B | 17.3× | — | 2.2× | 25.9% | — | 12.3% | 13.2% | 13.2% | — | 135 |
| EIG | $929M | 112.4× | — | 1.1× | -2.5% | — | 1.3% | 1.1% | 1.1% | — | 218 |
| ROOT | $824M | 22.1× | 5.7× | 0.5× | 29.0% | — | 2.7% | 14.2% | 8.3% | -7.6× | 158 |
| AII | $564M | 5.1× | — | 2.0× | 35.3% | — | 36.0% | 29.6% | 29.5% | — | 178 |
| ACIC | $523M | 5.2× | 3.3× | 1.6× | 13.1% | — | 31.8% | 33.6% | 22.8% | -0.3× | 134 |
| GLRE | $488M | 6.9× | — | 0.7× | 4.8% | — | 10.3% | 10.6% | 10.5% | — | 142 |
Peers = companies sharing KMPB's sector (Fire, Marine & Casualty Insurance) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
What the company returns to shareholders — and whether it's covered by cash.
The dividend is comfortably covered — only 14% of free cash flow, leaving room to grow it and fund buybacks. Last year: $79.6M dividends + $301.9M buybacks = $381.5M returned on $553.9M FCF.
3 consecutive years of dividend increases · 4%/yr.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A cash-return story — far more went to shareholders than back into the business (mature, low-reinvestment).
Insufficient data. Current ROIC on all capital: 4%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
EOD close · as of 2026-10-21
How a revenue dollar becomes profit — FY2025
Dividends and buybacks are cash paid out, shown here against the same year's profit for scale — not funded from it. This year they exceeded net income, so the ribbons are capped at earnings and understate what was actually returned.
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.79B 100.0% | $4.64B 100.0% | $4.94B 100.0% | $5.52B 100.0% | $5.72B 100.0% | $5.21B 100.0% | $5.04B 100.0% | $3.73B 100.0% | $2.72B 100.0% | $2.52B 100.0% |
| Total Operating Expenses | $4.63B 96.6% | $4.25B 91.6% | $5.29B 107.0% | $5.89B 106.7% | $5.97B 104.4% | $4.70B 90.2% | $4.38B 86.9% | $3.53B 94.7% | $2.56B 94.1% | $2.52B 99.9% |
| Operating Income | — | — | -$68.9M -1.4% | -$166.6M -3.0% | -$334.0M -5.8% | $546.8M 10.5% | $518.8M 10.3% | $286.2M 7.7% | $118.9M 4.4% | $3.1M 0.1% |
| Interest Expense | $38.5M 0.8% | $56.9M 1.2% | $56.1M 1.1% | $54.7M 1.0% | $43.6M 0.8% | $36.0M 0.7% | $42.5M 0.8% | $43.3M 1.2% | $34.9M 1.3% | $44.4M 1.8% |
| Pretax Income | $160.7M 3.4% | $388.5M 8.4% | -$347.1M -7.0% | -$389.5M -7.1% | -$245.3M -4.3% | $510.1M 9.8% | $661.6M 13.1% | $199.1M 5.3% | $161.1M 5.9% | $3.5M 0.1% |
| Income Tax Expense | $28.1M 0.6% | $76.0M 1.6% | -$74.8M -1.5% | -$84.4M -1.5% | -$125.6M -2.2% | $100.2M 1.9% | $130.5M 2.6% | $10.7M 0.3% | $41.2M 1.5% | -$9.2M -0.4% |
| Net Income | $143.3M 3.0% | $317.8M 6.9% | -$272.1M -5.5% | -$286.6M -5.2% | -$123.7M -2.2% | $409.9M 7.9% | $531.1M 10.5% | $190.1M 5.1% | $120.9M 4.4% | $16.8M 0.7% |
| Per Share | ||||||||||
| EPS (Basic) | $2.31 | $4.95 | -$4.25 | -$4.50 | -$1.92 | $6.24 | $8.04 | $3.25 | $2.34 | $0.33 |
| EPS (Diluted) | $2.29 | $4.91 | -$4.25 | -$4.50 | -$1.92 | $6.14 | $7.96 | $3.22 | $2.33 | $0.33 |
| Weighted Avg Shares (Basic) | 62.0M | 64.2M | 64.0M | 63.8M | 64.3M | 65.6M | 65.9M | 58.1M | 51.3M | 51.2M |
| Weighted Avg Shares (Diluted) | 62.6M | 64.8M | 64.0M | 63.8M | 64.3M | 66.7M | 66.5M | 58.8M | 51.6M | 51.2M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
EOD close · as of 2026-10-21
Where each multiple sits in its own 4-yr range · 88th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 4-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
ROE 5% against ROIC 4% — 1% of the return on equity comes from leverage and buybacks rather than from the operating business.
What the company owes vs. what it holds
This shows debt/cash structure and net leverage. The year-by-year maturity schedule is on the Debt & Leverage tab.
Latest year: profit growth vs revenue growth
Operating leverage needs meaningful revenue change.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Operating Income | 7.7 | 10.3 | 10.5 | -5.8 | -3.0 | -1.4 | — | — |
| Income Tax | 0.3 | 2.6 | 1.9 | -2.2 | -1.5 | -1.5 | 1.6 | 0.6 |
| Net Income | 5.1 | 10.5 | 7.9 | -2.2 | -5.2 | -5.5 | 6.9 | 3.0 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on KMPB: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
Leverage ratios is not shown for an insurer.
Funded by policyholder float, not debt. Reserve adequacy and RBC are the right questions and are not collected yet.
Classified from the filings: SIC code.
How much the company owes, how it's trended, and how comfortably it's serviced.
Interest expense isn't separately reported — often netted into “other income (expense), net.” Effective rate ~4.1% on $943.5M of debt.
Cash of $124.3M fully covers short-term debt of $0.
Mostly long-term debt (balance-sheet current vs non-current split). A year-by-year maturity schedule wasn't disclosed for this issuer.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Educational — not a recommendation.
No positive operating income in the last three years, so there is no return on capital to compare against its cost.
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2016 | not reported | 0.1% | 0.7% |
| FY2017 | not reported | 4.4% | 4.4% |
| FY2018 | not reported | 7.7% | 5.1% |
| FY2019 | not reported | 10.3% | 10.5% |
| FY2020 | not reported | 10.5% | 7.9% |
| FY2021 | not reported | -5.8% | -2.2% |
| FY2022 | not reported | -3.0% | -5.2% |
| FY2023 | not reported | -1.4% | -5.5% |
| FY2024 | not reported | not reported | 6.9% |
| FY2025 | not reported | not reported | 3.0% |
Return on equity (5%) and return on invested capital (4%) are within a couple of points in FY2025, so the headline return is the operating return — there is no meaningful leverage effect to strip out.
No material counter-signal in the checked set: ROIC vs WACC spread, 5-year spread history, gross margin trend, operating margin trend, net margin against 3 years ago, revenue growth, ROIC ex-goodwill gap.
Missing from our data, so excluded from this answer: positive EBIT.
Converts 1.68x of reported profit into free cash flow over 4 years, with accruals negative.
Only 4 profitable years available, so the average is shorter than the five the threshold assumes.
Leverage is not measurable this way for a insurer.
Balance sheet at 2025-12-31. Undrawn revolving credit is not shown: the tag is collected but not yet mapped through to the API.
Funded by policyholder float, not debt. Reserve adequacy and RBC are the right questions and are not collected yet.
Missing from our data, so excluded from this answer: capital adequacy metrics for this archetype.
At $24.86, free cash flow must compound -11.64%/yr for 10 years. It has done 3.51%/yr over 6 years, though across a reporting-basis change.
| Fiscal year | FCF growth | Price requires |
|---|---|---|
| FY2020 | −12.4% | −11.6% |
| FY2021 | −25.8% | −11.6% |
| FY2022 | −182.3% | −11.6% |
| FY2025 | 68.0% | −11.6% |
The percentile ranks the FISCAL-YEAR point, because the distribution behind each strip is built from fiscal-year closes — ranking a TTM figure inside it would compare two different bases. TTM basis: TTM.
The achieved growth rate spans a reporting-basis change in FY2021, so part of it measures the restatement rather than the business.
| Step | Amount | Running total |
|---|---|---|
| Net income | $143M | $143M |
| Share-based comp | $29M | $173M |
| Other non-cash & working capital | $412M | $585M |
| Operating cash flow | $585M | $585M |
| Capex | −$31M | $554M |
| Free cash flow | $554M | $554M |
| FCF after SBC | $525M | $525M |
| Fiscal year | Revenue growth | Receivables growth | Gap |
|---|---|---|---|
| FY2020 | 3.3% | not reported | not reported |
| FY2021 | 9.8% | not reported | not reported |
| FY2022 | -3.4% | not reported | not reported |
| FY2023 | -10.5% | not reported | not reported |
| FY2024 | -6.2% | not reported | not reported |
| FY2025 | 3.3% | not reported | not reported |
| Fiscal year | Accruals / assets |
|---|---|
| FY2019 | -0.0 percent |
| FY2020 | -0.3 percent |
| FY2021 | -3.2 percent |
| FY2022 | -0.6 percent |
| FY2023 | -1.1 percent |
| FY2024 | -0.5 percent |
| FY2025 | -3.5 percent |
SBC is added back inside operating cash flow, so reported free cash flow treats shares issued to employees as free. Percent of revenue says how expensive the payroll is; percent of operating cash flow says how much of the cash exists only because the charge was added back. The buyback offset is buybacks over SBC — below 1.0 the repurchase does not cover the shares issued.
Figures are the latest fiscal year (FY2025) from the company's own filings, not a trailing-twelve-month window — Q2 reads fiscal years throughout so the cash-conversion ratios and these share one basis. A blank is a line the filer did not report; it is never read as zero.