WallStSmart

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

VS

Smart Verdict

WallStSmart Research — data-driven comparison

W. R. Berkley Corp generates 360% more annual revenue ($14.71B vs $3.19B). AHL leads profitability with a 12.9% profit margin vs 12.1%. AHL trades at a lower P/E of 4.9x. WRB earns a higher WallStSmart Score of 55/100 (C-).

AHL

Hold

50

out of 100

Grade: D+

Growth: 4.7Profit: 5.5Value: 7.0Quality: 6.8
Piotroski: 4/9Altman Z: 1.53

WRB

Buy

55

out of 100

Grade: C-

Growth: 4.0Profit: 7.0Value: 4.7Quality: 4.8
Piotroski: 2/9
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

AHLUndervalued (+12.5%)

Margin of Safety

+12.5%

Fair Value

$42.70

Current Price

$37.50

$5.20 discount

UndervaluedFair: $42.70Overvalued
WRBSignificantly Overvalued (-136.4%)

Margin of Safety

-136.4%

Fair Value

$30.26

Current Price

$64.49

$34.23 premium

UndervaluedFair: $30.26Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

AHL3 strengths · Avg: 10.0/10
P/E RatioValuation
4.9x10/10

Attractively priced relative to earnings

Price/BookValuation
1.4x10/10

Reasonable price relative to book value

Debt/EquityHealth
0.0910/10

Conservative balance sheet, low leverage

WRB2 strengths · Avg: 8.0/10
P/E RatioValuation
14.5x8/10

Attractively priced relative to earnings

Price/BookValuation
2.5x8/10

Reasonable price relative to book value

Areas to Watch

AHL3 concerns · Avg: 2.7/10
Altman Z-ScoreHealth
1.534/10

Distress zone — elevated risk

EPS GrowthGrowth
-79.7%2/10

Earnings declined 79.7%

Free Cash FlowQuality
$-5.50M2/10

Negative free cash flow — burning cash

WRB4 concerns · Avg: 2.8/10
Revenue GrowthGrowth
1.5%4/10

1.5% revenue growth

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

PEG RatioValuation
10.112/10

Expensive relative to growth rate

EPS GrowthGrowth
-21.8%2/10

Earnings declined 21.8%

Comparative Analysis Report

WallStSmart Research

Bull Case : AHL

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

Bull Case : WRB

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

Bear Case : AHL

The primary concerns for AHL are Altman Z-Score, EPS Growth, Free Cash Flow.

Bear Case : WRB

The primary concerns for WRB are Revenue Growth, Piotroski F-Score, PEG Ratio.

Key Dynamics to Monitor

AHL is growing revenue faster at 5.0% — sustainability is the question.

WRB generates stronger free cash flow (896M), providing more financial flexibility.

Monitor INSURANCE - PROPERTY & CASUALTY industry trends, competitive dynamics, and regulatory changes.

Bottom Line

WRB scores higher overall (55/100 vs 50/100). 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, participates in insurance and reinsurance businesses in the United States and internationally. The company is headquartered in Hamilton, Bermuda.

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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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