Let X and Y axes be along two perpendicular diameters of the ring
By symmetry Ix=Iy and by perpendicular axis theorem Iz=Ix+Iy
But we know that Iz=MR2
MR2=Ix+Iy=2Ix
Ix=Iy=MR22
Similarly for a thin disc (i.e a circular plate), the moment of inertia about a diameter is I=12(MR22)=14MR2