WallStSmart

Heritage Insurance Hldgs Inc (HRTG)vsW. R. Berkley Corp (WRB)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

W. R. Berkley Corp generates 1636% more annual revenue ($14.71B vs $847.33M). HRTG leads profitability with a 23.1% profit margin vs 12.1%. HRTG trades at a lower P/E of 4.1x. HRTG earns a higher WallStSmart Score of 74/100 (B).

HRTG

Strong Buy

74

out of 100

Grade: B

Growth: 4.7Profit: 8.5Value: 8.3Quality: 5.0

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

HRTGUndervalued (+91.4%)

Margin of Safety

+91.4%

Fair Value

$295.78

Current Price

$26.41

$269.37 discount

UndervaluedFair: $295.78Overvalued
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

HRTG5 strengths · Avg: 9.4/10
P/E RatioValuation
4.1x10/10

Attractively priced relative to earnings

Return on EquityProfitability
49.1%10/10

Every $100 of equity generates 49 in profit

Operating MarginProfitability
41.6%10/10

Strong operational efficiency at 41.6%

Profit MarginProfitability
23.1%9/10

Keeps 23 of every $100 in revenue as profit

Price/BookValuation
1.5x8/10

Reasonable price relative to book value

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

HRTG3 concerns · Avg: 3.7/10
Revenue GrowthGrowth
2.4%4/10

2.4% revenue growth

EPS GrowthGrowth
2.3%4/10

2.3% earnings growth

Market CapQuality
$792.88M3/10

Smaller company, higher risk/reward

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 : HRTG

The strongest argument for HRTG centers on P/E Ratio, Return on Equity, Operating Margin. Profitability is solid with margins at 23.1% and operating margin at 41.6%.

Bull Case : WRB

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

Bear Case : HRTG

The primary concerns for HRTG are Revenue Growth, EPS Growth, Market Cap.

Bear Case : WRB

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

Key Dynamics to Monitor

HRTG carries more volatility with a beta of 0.93 — expect wider price swings.

HRTG is growing revenue faster at 2.4% — 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

HRTG scores higher overall (74/100 vs 55/100), backed by strong 23.1% margins. Both earn "Strong Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

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

Heritage Insurance Hldgs Inc

FINANCIAL SERVICES · INSURANCE - PROPERTY & CASUALTY · USA

Heritage Insurance Holdings, Inc. provides residential personal and commercial insurance products. The company is headquartered in Clearwater, Florida.

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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