WallStSmart

Aspen Insurance Holdings Limited (AHL-P-D)vsW. R. Berkley Corp (WRB)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

W. R. Berkley Corp generates 361% more annual revenue ($14.85B vs $3.22B). WRB leads profitability with a 12.6% profit margin vs 10.6%. WRB earns a higher WallStSmart Score of 65/100 (C+).

AHL-P-D

Hold

45

out of 100

Grade: D+

Growth: 3.3Profit: 6.5Value: 5.0Quality: 5.0
Piotroski: 2/9Altman Z: 0.85

WRB

Buy

65

out of 100

Grade: C+

Growth: 6.0Profit: 7.0Value: 5.0Quality: 6.0
Piotroski: 4/9Altman Z: 1.39

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

AHL-P-D3 strengths · Avg: 10.0/10
Price/BookValuation
0.6x10/10

Reasonable price relative to book value

Operating MarginProfitability
30.2%10/10

Strong operational efficiency at 30.2%

Debt/EquityHealth
0.1010/10

Conservative balance sheet, low leverage

WRB4 strengths · Avg: 8.3/10
Debt/EquityHealth
0.299/10

Conservative balance sheet, low leverage

P/E RatioValuation
15.0x8/10

Attractively priced relative to earnings

Price/BookValuation
2.7x8/10

Reasonable price relative to book value

EPS GrowthGrowth
26.0%8/10

Earnings expanding 26.0% YoY

Areas to Watch

AHL-P-D4 concerns · Avg: 2.5/10
Market CapQuality
$1.25B3/10

Smaller company, higher risk/reward

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

Revenue GrowthGrowth
-7.6%2/10

Revenue declined 7.6%

EPS GrowthGrowth
-48.2%2/10

Earnings declined 48.2%

WRB3 concerns · Avg: 2.7/10
Revenue GrowthGrowth
4.0%4/10

4.0% revenue growth

PEG RatioValuation
4.222/10

Expensive relative to growth rate

Altman Z-ScoreHealth
1.392/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : AHL-P-D

The strongest argument for AHL-P-D centers on Price/Book, Operating Margin, Debt/Equity.

Bull Case : WRB

The strongest argument for WRB centers on Debt/Equity, P/E Ratio, Price/Book.

Bear Case : AHL-P-D

The primary concerns for AHL-P-D are Market Cap, Piotroski F-Score, Revenue Growth.

Bear Case : WRB

The primary concerns for WRB are Revenue Growth, PEG Ratio, Altman Z-Score.

Key Dynamics to Monitor

AHL-P-D profiles as a declining stock while WRB is a value play — different risk/reward profiles.

WRB carries more volatility with a beta of 0.29 — expect wider price swings.

WRB is growing revenue faster at 4.0% — sustainability is the question.

WRB generates stronger free cash flow (640M), providing more financial flexibility.

Bottom Line

WRB scores higher overall (65/100 vs 45/100). Both earn "Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Aspen Insurance Holdings Limited

FINANCIAL SERVICES · INSURANCE - PROPERTY & CASUALTY · USA

Aspen Insurance Holdings Limited (AHL-P-D) represents a strategic investment for institutional investors focusing on fixed income, offering a robust fixed dividend yield through its 5.625% Perpetual Non-Cumulative Preference Shares. With a strong emphasis on risk management in the insurance and reinsurance sectors, Aspen demonstrates a commitment to financial stability and sustainable growth. Its solid capital base not only secures ample liquidity but also facilitates potential strategic ventures, making AHL-P-D an attractive option for investors seeking both income stability and growth potential in a dynamic market environment.

W. R. Berkley Corp

FINANCIAL SERVICES · INSURANCE - PROPERTY & CASUALTY · USA

W. R. Berkley Corporation is a commercial lines property & casualty insurance holding company organized in Delaware and based in Greenwich, Connecticut.

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