Assured Guaranty Ltd. (AGO) vs Ryan Specialty Holdings Inc. (RYAN)

Assured Guaranty Ltd. and Ryan Specialty Holdings Inc. are both Insurance Specialty companies. Ryan Specialty Holdings Inc. is the larger, with a market value of $9.4B against $3.0B — 3.1× the size. Assured Guaranty Ltd. trades at the lower P/E: 9.3× against 49.2×. Ryan Specialty Holdings Inc. grew revenue faster over the last twelve months: 14.4% against −10.6%. Assured Guaranty Ltd. has the higher net margin (37.3% vs 3.08%) and the lower return on invested capital (3.91% vs 6.62%). Across the 22 metrics below, Assured Guaranty Ltd. leads on 14 and Ryan Specialty Holdings Inc. on 8.

Valuation

Metric AGO RYAN Insurance Specialty median
P/E 9.27 49.21 9.15
P/S 3.27 1.48 1.84
P/B 0.55 4.67 1.16
Price to free cash flow 9.50 9.63 8.16
EV/EBITDA 10.26 10.62 7.51
EV/Sales 4.76 2.56 2.17
Earnings yield 10.79% 2.03% 10.79%
Free cash flow yield 10.52% 10.38% 11.79%

Profitability

Metric AGO RYAN Insurance Specialty median
Gross margin 99.04% 100.00% 73.81%
Operating margin 46.38% 14.83% 17.70%
Net margin 37.34% 3.08% 13.80%
Free cash flow margin 34.47% 15.31% 34.47%
Return on equity 6.21% 9.01% 12.01%
Return on assets 2.84% 0.88% 4.12%
Return on invested capital 3.91% 6.62% 8.77%

Growth

Metric AGO RYAN Insurance Specialty median
Revenue growth (TTM) (10.56%) 14.36% 7.53%
EPS growth (last fiscal year) 49.34% (33.80%) —
Revenue growth, 5-year CAGR (0.09%) 24.54% 2.24%
Net income growth, 5-year CAGR 6.80% (1.42%) 0.00%

Health

Metric AGO RYAN Insurance Specialty median
Debt to equity 0.31 3.58 0.15
Current ratio 0.42 1.00 0.53
Net debt to EBITDA 2.24 4.00 0.28

Dividend

Metric AGO RYAN Insurance Specialty median
Dividend yield 1.36% — 2.60%
Payout ratio 0.21 0.00 0.21

Size

Metric AGO RYAN Insurance Specialty median
Market cap 3.01b 9.40b 3.13b

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