RYAN vs. WRB: Ryan Specialty vs. W. R. Berkley Stock Comparison
How do Ryan Specialty (RYAN) and W. R. Berkley (WRB) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
Ryan Specialty (RYAN) and W. R. Berkley (WRB) both belong to the Insurance industry, though RYAN is classified under Insurance Brokers while WRB falls under Property & Casualty Insurance.
W. R. Berkley (WRB) has more than two decades of public-market history since October 23, 1973, whereas Ryan Specialty (RYAN) listed on July 22, 2021 and has a much shorter record to draw on.
| Profile Item | RYAN | WRB |
|---|---|---|
| Name | Ryan Specialty Holdings Inc. | W. R. Berkley Corporation |
| Country/Region | United States | United States |
| GICS Sector | Financials | Financials |
| GICS Industry Group | Insurance | Insurance |
| GICS Industry | Insurance | Insurance |
| GICS Sub-Industry | Insurance Brokers | Property & Casualty Insurance |
| Market Capitalization | 12.10 billion USD | 27.95 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | July 22, 2021 | October 23, 1973 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | RYAN | WRB |
|---|---|---|
| Total Return (1Y) | -17.50% | 4.12% |
| Total Return (3Y, Annualized) | 2.91% | 21.96% |
| Total Return (5Y, Annualized) | 5.30% | 18.80% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | RYAN | WRB |
|---|---|---|
| Volatility (1Y, Annualized) | 43.93% | 22.41% |
| Beta (5Y) | 0.52 | 0.21 |
| Max Drawdown (5Y) | -60.94% | -26.29% |
| Avg. Volume (3M) | 1.89M | 2.52M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | RYAN | WRB |
|---|---|---|
| Sharpe Ratio (1Y) | -0.50 | -0.01 |
| Sortino Ratio (1Y) | -0.67 | -0.01 |
Profitability
ROE (TTM)
Ryan Specialty (RYAN) at 25.15% sits in the top ROE quartile, while W. R. Berkley (WRB) at 19.26% is closer to the peer norm — stronger capital efficiency for RYAN.
RYAN
Insurance industry group
25.15%
- Max
- 41.68%
- RYAN
- 25.15%
- Q3
- 22.04%
- Median
- 14.81%
- Q1
- 8.79%
- Min
- -10.66%
WRB
Insurance industry group
19.26%
- Max
- 41.68%
- Q3
- 22.04%
- WRB
- 19.26%
- Median
- 14.81%
- Q1
- 8.79%
- Min
- -10.66%
Net Margin (TTM)
W. R. Berkley (WRB) at 12.53% keeps about the industry-typical share of revenue as profit, while Ryan Specialty (RYAN) at 3.27% retains only a bottom-quartile share.
RYAN
Insurance industry group
3.27%
- Max
- 29.92%
- Q3
- 17.03%
- Median
- 10.97%
- Q1
- 6.21%
- RYAN
- 3.27%
- Min
- -4.68%
WRB
Insurance industry group
12.53%
- Max
- 29.92%
- Q3
- 17.03%
- WRB
- 12.53%
- Median
- 10.97%
- Q1
- 6.21%
- Min
- -4.68%
Operating Margin (TTM)
Neither side reports a meaningful operating margin: for Ryan Specialty (RYAN) in Insurance and W. R. Berkley (WRB) in Insurance, funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.
Profitability Metrics
| Metric | RYAN | WRB |
|---|---|---|
| ROE (TTM) | 25.15% | 19.26% |
| ROA (TTM) | 3.79% | 3.43% |
| Net Margin (TTM) | 3.27% | 12.53% |
| Operating Margin (TTM) | -- | -- |
| Gross Margin (TTM) | -- | -- |
Growth
Revenue Growth
Both Ryan Specialty (RYAN) at 21.28% and W. R. Berkley (WRB) at 6.93% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.
EPS Growth
W. R. Berkley (WRB) at 2.06% is around its peer norm for EPS growth, while Ryan Specialty (RYAN) at -33.80% drops into the bottom quartile, signaling weaker earnings momentum.
Growth Metrics
| Metric | RYAN | WRB |
|---|---|---|
| Revenue Growth (YoY) | 21.28% | 6.93% |
| Revenue Growth (3Y CAGR) | 20.93% | 9.28% |
| EPS Growth (YoY) | -33.80% | 2.06% |
| EPS Growth (3Y CAGR) | -3.31% | 10.55% |
Financial Strength
Current Ratio (MRQ)
current ratio doesn’t apply on either side: Ryan Specialty (RYAN) in Insurance and W. R. Berkley (WRB) in Insurance both report balance sheets without a current/non-current split, so their short-term liquidity is better judged through regulatory and funding measures.
Debt / Equity (MRQ)
debt-to-equity ratio is set aside for both: Ryan Specialty (RYAN) in Insurance and W. R. Berkley (WRB) in Insurance run businesses where balance-sheet leverage is part of the model, so capital-adequacy and funding measures are the better gauges of balance-sheet risk.
Financial Strength Metrics
| Metric | RYAN | WRB |
|---|---|---|
| Current Ratio (MRQ) | -- | -- |
| Debt / Equity (MRQ) | -- | -- |
| Net Debt / EBITDA | -- | -- |
Dividends
Dividend Yield (TTM)
Both Ryan Specialty (RYAN) at 1.06% and W. R. Berkley (WRB) at 0.49% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.
RYAN
Insurance industry group
1.06%
- Max
- 5.12%
- Q3
- 2.15%
- RYAN
- 1.06%
- Median
- 0.98%
- Q1
- 0.00%
- Min
- 0.00%
WRB
Insurance industry group
0.49%
- Max
- 5.12%
- Q3
- 2.15%
- Median
- 0.98%
- WRB
- 0.49%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
W. R. Berkley (WRB) at 8.03% pays out a band-typical share of earnings, while Ryan Specialty (RYAN) at 63.75% distributes more than its industry norm — less retained, thinner cover.
RYAN
Insurance industry group
63.75%
- Max
- 76.67%
- RYAN
- 63.75%
- Q3
- 35.18%
- Median
- 14.74%
- Q1
- 0.00%
- Min
- 0.00%
WRB
Insurance industry group
8.03%
- Max
- 76.67%
- Q3
- 35.18%
- Median
- 14.74%
- WRB
- 8.03%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | RYAN | WRB |
|---|---|---|
| Dividend Yield (TTM) | 1.06% | 0.49% |
| Dividend Payout Ratio (TTM) | 63.75% | 8.03% |
Valuation
P/E Ratio (TTM)
W. R. Berkley (WRB) at 15.90 is near its industry’s usual P/E ratio, while Ryan Specialty (RYAN) at 59.66 sits above its peer range — an unusually expensive price for RYAN’s trailing earnings.
RYAN
Insurance industry group
59.66
- RYAN
- 59.66
- Max
- 28.37
- Q3
- 18.75
- Median
- 12.23
- Q1
- 9.08
- Min
- 2.32
WRB
Insurance industry group
15.90
- Max
- 28.37
- Q3
- 18.75
- WRB
- 15.90
- Median
- 12.23
- Q1
- 9.08
- Min
- 2.32
P/S Ratio (TTM)
W. R. Berkley (WRB) at 1.88 is priced about in line with its industry on P/S ratio, while Ryan Specialty (RYAN) at 3.78 sits in the pricier quartile — RYAN costs more per dollar of sales.
RYAN
Insurance industry group
3.78
- Max
- 4.03
- RYAN
- 3.78
- Q3
- 2.25
- Median
- 1.23
- Q1
- 0.85
- Min
- 0.07
WRB
Insurance industry group
1.88
- Max
- 4.03
- Q3
- 2.25
- WRB
- 1.88
- Median
- 1.23
- Q1
- 0.85
- Min
- 0.07
P/B Ratio (MRQ)
Both look rich against book: W. R. Berkley (WRB) at 3.04 sits in the upper P/B ratio quartile, and Ryan Specialty (RYAN) at 12.86 prices even higher, above its industry range.
RYAN
Insurance industry group
12.86
- RYAN
- 12.86
- Max
- 5.07
- Q3
- 2.79
- Median
- 1.76
- Q1
- 1.23
- Min
- 0.30
WRB
Insurance industry group
3.04
- Max
- 5.07
- WRB
- 3.04
- Q3
- 2.79
- Median
- 1.76
- Q1
- 1.23
- Min
- 0.30
Valuation Metrics
| Metric | RYAN | WRB |
|---|---|---|
| P/E Ratio (TTM) | 59.66 | 15.90 |
| P/S Ratio (TTM) | 3.78 | 1.88 |
| P/B Ratio (MRQ) | 12.86 | 3.04 |
| Free Cash Flow Yield (TTM) | -- | -- |