The Travelers Companies, Inc. (TRV) vs W.R. Berkley Corporation (WRB)

The Travelers Companies, Inc. and W.R. Berkley Corporation are both Insurance Property & Casualty companies. The Travelers Companies, Inc. is the larger, with a market value of $80.1B against $27.5B — 2.9× the size. The Travelers Companies, Inc. trades at the lower P/E: 10.3× against 15.3×. W.R. Berkley Corporation grew revenue faster over the last twelve months: 4.27% against 2.39%. The Travelers Companies, Inc. has the higher net margin (16.8% vs 12.9%) and the higher return on invested capital (16.2% vs 15.7%). Both pay a dividend; The Travelers Companies, Inc. yields more (1.21% vs 0.25%). Across the 21 metrics below, The Travelers Companies, Inc. leads on 15 and W.R. Berkley Corporation on 6.

Valuation

Metric TRV WRB Insurance Property & Casualty median
P/E 10.28 15.34 10.75
P/S 1.67 1.96 1.21
P/B 2.48 2.97 1.99
Price to free cash flow 7.48 8.55 7.76
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 9.73% 6.52% 9.08%
Free cash flow yield 13.38% 11.70% 12.11%

Profitability

Metric TRV WRB Insurance Property & Casualty median
Gross margin 49.51% 47.56% 41.16%
Operating margin 22.03% 17.04% 15.09%
Net margin 16.83% 12.94% 11.51%
Free cash flow margin 22.40% 22.92% 17.46%
Return on equity 26.32% 20.14% 17.34%
Return on assets 5.84% 4.37% 3.74%
Return on invested capital 16.22% 15.74% 12.06%

Growth

Metric TRV WRB Insurance Property & Casualty median
Revenue growth (TTM) 2.39% 4.27% 8.02%
EPS growth (last fiscal year) 27.76% 2.06% 39.61%
Revenue growth, 5-year CAGR 8.83% 12.67% 9.23%
Net income growth, 5-year CAGR 18.44% 27.38% 10.09%

Health

Metric TRV WRB Insurance Property & Casualty median
Debt to equity 0.27 0.29 0.25
Current ratio 0.27 0.32 0.42
Net debt to EBITDA 0.52 0.13 0.08

Dividend

Metric TRV WRB Insurance Property & Casualty median
Dividend yield 1.21% 0.25% 1.50%
Payout ratio 0.13 0.04 0.14

Size

Metric TRV WRB Insurance Property & Casualty median
Market cap 80.07b 27.46b 2.67b

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