WallStSmart

Employers Holdings Inc (EIG)vsRyan Specialty Group Holdings Inc (RYAN)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Ryan Specialty Group Holdings Inc generates 249% more annual revenue ($2.99B vs $858.70M). RYAN leads profitability with a 2.1% profit margin vs 1.3%. RYAN trades at a lower P/E of 71.3x. RYAN earns a higher WallStSmart Score of 54/100 (C-).

EIG

Hold

47

out of 100

Grade: D+

Growth: 3.3Profit: 3.5Value: 4.7Quality: 7.8
Piotroski: 4/9

RYAN

Buy

54

out of 100

Grade: C-

Growth: 8.7Profit: 6.5Value: 3.0Quality: 4.5
Piotroski: 3/9Altman Z: 0.61
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

EIGSignificantly Overvalued (-1274.1%)

Margin of Safety

-1274.1%

Fair Value

$3.13

Current Price

$40.06

$36.93 premium

UndervaluedFair: $3.13Overvalued
RYANSignificantly Overvalued (-95.7%)

Margin of Safety

-95.7%

Fair Value

$22.00

Current Price

$33.50

$11.50 premium

UndervaluedFair: $22.00Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

EIG2 strengths · Avg: 10.0/10
Price/BookValuation
0.9x10/10

Reasonable price relative to book value

Debt/EquityHealth
0.0410/10

Conservative balance sheet, low leverage

RYAN1 strengths · Avg: 10.0/10
EPS GrowthGrowth
110.1%10/10

Earnings expanding 110.1% YoY

Areas to Watch

EIG4 concerns · Avg: 2.8/10
Market CapQuality
$761.55M3/10

Smaller company, higher risk/reward

Return on EquityProfitability
1.1%3/10

ROE of 1.1% — below average capital efficiency

Profit MarginProfitability
1.3%3/10

1.3% margin — thin

P/E RatioValuation
85.0x2/10

Premium valuation, high expectations priced in

RYAN4 concerns · Avg: 2.5/10
Profit MarginProfitability
2.1%3/10

2.1% margin — thin

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

P/E RatioValuation
71.3x2/10

Premium valuation, high expectations priced in

Altman Z-ScoreHealth
0.612/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : EIG

The strongest argument for EIG centers on Price/Book, Debt/Equity. PEG of 1.32 suggests the stock is reasonably priced for its growth.

Bull Case : RYAN

The strongest argument for RYAN centers on EPS Growth. Revenue growth of 13.6% demonstrates continued momentum.

Bear Case : EIG

The primary concerns for EIG are Market Cap, Return on Equity, Profit Margin. A P/E of 85.0x leaves little room for execution misses. Thin 1.3% margins leave little buffer for downturns.

Bear Case : RYAN

The primary concerns for RYAN are Profit Margin, Piotroski F-Score, P/E Ratio. A P/E of 71.3x leaves little room for execution misses. Debt-to-equity of 5.68 is elevated, increasing financial risk.

Key Dynamics to Monitor

RYAN carries more volatility with a beta of 0.65 — expect wider price swings.

RYAN is growing revenue faster at 13.6% — sustainability is the question.

RYAN generates stronger free cash flow (246M), providing more financial flexibility.

Monitor INSURANCE - SPECIALTY industry trends, competitive dynamics, and regulatory changes.

Bottom Line

RYAN scores higher overall (54/100 vs 47/100) and 13.6% revenue growth. 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.

Employers Holdings Inc

FINANCIAL SERVICES · INSURANCE - SPECIALTY · USA

Employers Holdings, Inc. operates in the commercial property and casualty insurance industry primarily in the United States. The company is headquartered in Reno, Nevada.

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Ryan Specialty Group Holdings Inc

FINANCIAL SERVICES · INSURANCE - SPECIALTY · USA

Ryan Specialty Group Holdings Inc is a leading provider of specialty insurance solutions, focused on delivering innovative risk management services across diverse sectors. The company leverages a vast network of insurance wholesale operations and underwriting expertise to meet the complex needs of its clients, backed by strong relationships with insurers and distribution channels. By integrating advanced technology and analytics, Ryan Specialty enhances underwriting efficiencies and client results, positioning itself as a key player in the evolving insurance landscape. With a commitment to strategic growth initiatives, the company is poised to create sustainable shareholder value in a dynamic market.

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