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 $82.6B against $28.6B — 2.9× the size. The Travelers Companies, Inc. trades at the lower P/E: 10.4× against 16.2×. W.R. Berkley Corporation grew revenue faster over the last twelve months: 1.45% against 1.07%. The Travelers Companies, Inc. has the higher net margin (16.9% vs 12.5%) and the higher return on invested capital (17.8% vs 14.9%). Both pay a dividend; The Travelers Companies, Inc. yields more (1.17% 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 10.38 16.20 12.17
P/S 1.70 2.01 1.26
P/B 2.87 3.11 1.85
Price to free cash flow 7.82 9.77 8.04
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 9.63% 6.17% 8.20%
Free cash flow yield 12.78% 10.23% 11.86%

Profitability

Metric TRV WRB Insurance Property & Casualty median
Gross margin 49.67% 47.25% 37.39%
Operating margin 22.12% 16.58% 14.67%
Net margin 16.91% 12.53% 10.16%
Free cash flow margin 21.74% 20.59% 18.60%
Return on equity 27.30% 19.18% 16.59%
Return on assets 5.79% 4.17% 3.38%
Return on invested capital 17.78% 14.89% 9.43%

Growth

Metric TRV WRB Insurance Property & Casualty median
Revenue growth (TTM) 1.07% 1.45% 5.70%
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 0.34 0.30 0.25
Current ratio 0.27 0.30 0.49
Net debt to EBITDA 0.52 0.13 0.08

Dividend

Metric TRV WRB Insurance Property & Casualty median
Dividend yield 1.17% 0.25% 1.56%
Payout ratio 0.12 0.04 0.15

Size

Metric TRV WRB Insurance Property & Casualty median
Market cap 82.57b 28.60b 2.64b

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