WallStSmart

NI Holdings Inc (NODK)vsW. R. Berkley Corp (WRB)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

W. R. Berkley Corp generates 5336% more annual revenue ($14.85B vs $273.22M). WRB leads profitability with a 12.6% profit margin vs -1.6%. WRB earns a higher WallStSmart Score of 65/100 (C+).

NODK

Hold

45

out of 100

Grade: D

Growth: 5.3Profit: 4.0Value: 5.0Quality: 5.3
Piotroski: 4/9Altman Z: 1.60

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

NODK3 strengths · Avg: 9.3/10
Price/BookValuation
1.2x10/10

Reasonable price relative to book value

EPS GrowthGrowth
94.9%10/10

Earnings expanding 94.9% YoY

Operating MarginProfitability
26.4%8/10

Strong operational efficiency at 26.4%

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

Conservative balance sheet, low leverage

P/E RatioValuation
14.5x8/10

Attractively priced relative to earnings

Price/BookValuation
2.6x8/10

Reasonable price relative to book value

EPS GrowthGrowth
26.0%8/10

Earnings expanding 26.0% YoY

Areas to Watch

NODK4 concerns · Avg: 2.8/10
Altman Z-ScoreHealth
1.604/10

Distress zone — elevated risk

Market CapQuality
$308.04M3/10

Smaller company, higher risk/reward

Return on EquityProfitability
-1.7%2/10

ROE of -1.7% — below average capital efficiency

Revenue GrowthGrowth
-16.6%2/10

Revenue declined 16.6%

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

4.0% revenue growth

PEG RatioValuation
3.992/10

Expensive relative to growth rate

Altman Z-ScoreHealth
1.392/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : NODK

The strongest argument for NODK centers on Price/Book, EPS Growth, Operating Margin.

Bull Case : WRB

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

Bear Case : NODK

The primary concerns for NODK are Altman Z-Score, Market Cap, Return on Equity.

Bear Case : WRB

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

Key Dynamics to Monitor

NODK profiles as a turnaround stock while WRB is a value play — different risk/reward profiles.

NODK carries more volatility with a beta of 0.38 — 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.

NI Holdings Inc

FINANCIAL SERVICES · INSURANCE - PROPERTY & CASUALTY · USA

NI Holdings, Inc. underwrites property and casualty insurance products in the United States. The company is headquartered in Fargo, North Dakota.

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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