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 $75.6B against $25.0B — 3.0× the size. The Travelers Companies, Inc. trades at the lower P/E: 9.6× against 13.7×. 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 (1.94% vs 1.72%). Across the 23 metrics below, The Travelers Companies, Inc. leads on 17 and W.R. Berkley Corporation on 6.

Valuation

Metric TRV WRB Insurance Property & Casualty median
P/E 9.58 13.66 10.29
P/S 1.56 1.75 1.17
P/B 2.31 2.64 1.83
Price to free cash flow 6.97 7.62 7.48
EV/EBITDA 4.53 10.60 7.49
EV/Sales 1.73 1.76 1.13
Earnings yield 10.44% 7.32% 9.50%
Free cash flow yield 14.35% 13.13% 13.29%

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% 17.59%
Return on equity 26.32% 20.14% 18.19%
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% 8.69%
EPS growth (last fiscal year) 27.76% 2.06% —
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 1.94% 1.72% 2.79%
Payout ratio 0.40 0.09 0.27

Size

Metric TRV WRB Insurance Property & Casualty median
Market cap 75.59b 24.98b 2.44b

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