FirmAtlas
Company handbook · WRB · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-16
WRB · CIK 11544 · LATEST FILING: 10-Q JUN '26 · FILED JUL 31, 2026
W. R. BERKLEY CORP
$75.42
+1.45 (+1.96%)
Close, Oct 16, 2026 · 52-week $63–79
Last fiscal year
W. R. BERKLEY CORP reported revenue of $556M for the year ended Dec 31, 2025 (FY25), up 9.9% from FY24. Net income was $1.8B. Source: 10-K filed Feb 27, 2026.
Market cap
$28.4B
P/E
14.8
P/B
2.9
Div yield
2.49%
Op. ROE
18.2%
Revenue 1Y
9.9%/yr
EPS 1Y
2.1%/yr
Shares 1Y
−0.8%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEORob Berkley
HQGreenwich, CT
AuditorKPMG LLP
Year endsDecember
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
15.9%
16.9%
20.3%
2.4%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the earnings went · FY24–FY25
$3.5B net income
Dividends
$1.2B
34.9%
Buybacks
$574M
16.2%
Retained
$1.7B
48.9%
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
Per-share figures are split-adjusted (2-for-1 split after FY20).
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Gross premiums written
12,905
13,695+6.1%
—
Net premiums written
11,972
12,711+6.2%
—
Net premiums earned
11,548
12,447+7.8%
—
Net investment income
1,333
1,429+7.2%
—
Total revenue
506
556+9.9%
4,149
YoY
+9.9%
Losses & loss adjustment expenses
7,132
7,772+9.0%
—
Policy acquisition costs
1,220
—
—
Underwriting & admin expenses
2,075
2,132+2.7%
—
Pre-tax income
2,264
2,281+0.7%
—
Net income
1,756
1,779+1.3%
1,928
YoY
+1.3%
EPS (diluted, $)
4.36
4.45+2.1%
4.93
YoY
+2.1%
Balance sheet
Total assets
40,567
44,071+8.6%
45,677
Cash & short-term investments
1,975
2,540+28.6%
—
Investments
27,889
30,687+10.0%
—
Other assets
10,703
10,844+1.3%
—
Total liabilities
32,172
34,370+6.8%
35,844
Loss & LAE reserves
20,368
22,208+9.0%
—
Unearned premiums
6,375
6,722+5.4%
—
Other liabilities
5,429
5,441+0.2%
—
Shareholders’ equity
8,395
9,701+15.6%
9,833
Shares outstanding (M)
380
377−0.8%
—
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
3,678
3,583−2.6%
3,603
Net income
1,755
1,785+1.7%
—
Depreciation & amortization
55
54−1.8%
—
Stock-based compensation
54
55+0.3%
—
Working capital & other
1,814
1,689−6.9%
—
Cash from investing
(2,184)
(2,029)n/m
—
Acquisitions
0
0n/m
—
Investments bought
(9,369)
(8,429)n/m
—
Investments sold / matured
4,891
5,312+8.6%
—
Other investing
2,294
1,088−52.6%
—
Cash from financing
(852)
(1,026)n/m
—
Debt raised
3
0−100.0%
—
Debt repaid
0
(2)n/m
—
Dividends
(532)
(700)n/m
—
Buybacks
(304)
(270)n/m
—
Other financing
(20)
(54)n/m
—
Net change in cash
612
565−7.6%
—
Where the earnings went
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
138
142
153
3,716
vs year-ago quarter
Net income
511
450
515
452
vs year-ago quarter
Net margin
370.1%
316.2%
336.9%
12.2%
EPS (diluted, $)
1.28
1.19
1.31
1.15
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
43,715
44,071
44,316
45,677
Cash & equivalents
2,404
2,540
2,281
2,607
Shareholders’ equity
9,799
9,701
9,740
9,833
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
1,140
995
668
800