BERKLEY W R CORP WRB

Financials SIC 6331 - Fire, Marine & Casualty Insurance NAICS Finance and Insurance › Insurance Carriers and Related Activities › Insurance Carriers › Direct Insurance (except Life, Health, and Medical) Carriers › Direct Property and Casualty Insurance Carriers derived NYSE

W. R. Berkley Corporation is an insurance holding company that is among the largest commercial lines writers in the United States and operates worldwide in two segments of the property casualty insurance business:

•Insurance - Our Insurance businesses underwrite predominantly commercial insurance business, including excess and surplus lines, admitted lines and specialty personal lines throughout the United States, as well as insurance business in Asia, Australia, Canada, Continental Europe, Mexico, Scandinavia, South America and the United Kingdom.

•Reinsurance & Monoline Excess - Our Reinsurance businesses provide facultative and treaty reinsurance in the United States, the Asia Pacific region, Australia, Continental Europe, South Africa and the United Kingdom, as well as operations that solely retain risk on an excess basis and certain program management business.

Last close 73.33 2026-10-23
Market cap $27.22B 2026-06-30 share count
52-week range 62.87 - 78.96

Valuation FY2025 figures against the last close

P/S49.0x
P/E16.5x
P/FCF7.6x
EV/EBITDA—
Dividend yield2.6%
Diluted EPS4.45

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $555.8M$505.8M$471.8M$477.4M$449.7M$358.3M$314.2M$268.0M$242.0M$7.65B
Interest expense $126.9M$126.9M$127.5M$130.4M$147.2M$150.5M$153.4M$157.2M$147.3M$140.9M
Pre-tax income $2.28B$2.26B$1.75B$1.72B$1.28B$704.8M$852.9M$812.1M$772.8M$896.4M
Income tax $495.8M$509.9M$370.6M$334.7M$251.9M$171.8M$168.9M$163.0M$219.4M$293.0M
Net income $1.78B$1.76B$1.38B$1.38B$1.02B$530.7M$681.9M$640.7M$549.1M$601.9M
EPS, basic 4.484.393.403.333.691.893.583.372.934.91
EPS, diluted 4.454.363.373.293.661.873.523.332.844.68
Shares, diluted (wtd. avg.) 399.9M403.2M409.9M419,192279,749283,145193,521192,395193,527128.6M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $2.54B$1.97B$1.36B$1.45B$1.57B$2.37B$1.02B$817.6M$950.5M$795.3M
Property, plant and equipment $596.2M$478.5M$426.8M$423.2M$419.9M$405.9M$422.1M$416.4M$423.0M$349.4M
Goodwill $184.3M$184.3M$174.6M$185.5M$169.7M$169.7M$169.7M$173.0M$178.9M$144.5M
Other intangibles $86.0M$97.0M————————
Total assets $44.07B$40.57B$37.20B$33.86B$32.09B$28.61B$26.66B$24.90B$24.30B$23.36B
Total liabilities $34.36B$32.16B$29.73B$27.09B$25.42B$22.28B$20.54B$19.42B$18.85B$18.28B
Retained earnings $13.34B$12.27B$11.04B$10.16B$9.02B$8.35B$7.93B$7.56B$6.96B$6.60B
Total equity $9.70B$8.40B$7.46B$6.75B$6.65B$6.31B$6.07B$5.44B$5.41B$5.05B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $3.58B$3.68B$2.93B$2.57B$2.18B$1.62B$1.14B$620.2M$710.9M$848.4M
Depreciation and amortisation -$48.1M-$170.6M-$20.9M$55.9M$129.7M$53.0M$54.0M$54.0M$50.0M$47.0M
Stock-based compensation $54.5M$54.4M$51.0M$49.4M$46.7M$49.7M$49.3M$36.6M$40.5M$37.2M
Capital expenditure ——————$60.5M$49.9M$115.7M$50.8M
Investing cash flow -$2.03B-$2.18B-$1.96B-$1.89B-$2.99B$119.7M-$424.9M-$714.2M-$333.5M-$794.5M
Financing cash flow -$1.03B-$852.5M-$1.06B-$772.0M$5.8M-$397.8M-$513.2M-$7.4M-$235.1M-$6.9M
Dividends paid $700.3M$532.0M$501.5M$235.2M$355.7M$84.1M$308.2M$255.0M$188.2M$184.0M
Buybacks $270.2M$303.7M$537.2M$94.1M$122.4M$346.4M$18.2M$24.8M$47.8M$132.4M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-170583.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 2B 4B 6B 8B Revenue, FY2016: 7.7B Net income, FY2016: 601.9M Revenue, FY2017: 242M Net income, FY2017: 549.1M Revenue, FY2018: 268M Net income, FY2018: 640.7M Revenue, FY2019: 314.2M Net income, FY2019: 681.9M Revenue, FY2020: 358.3M Net income, FY2020: 530.7M Revenue, FY2021: 449.7M Net income, FY2021: 1B Revenue, FY2022: 477.4M Net income, FY2022: 1.4B Revenue, FY2023: 471.8M Net income, FY2023: 1.4B Revenue, FY2024: 505.8M Net income, FY2024: 1.8B Revenue, FY2025: 555.8M Net income, FY2025: 1.8B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $7.65B $242.0M $268.0M $314.2M $358.3M $449.7M $477.4M $471.8M $505.8M $555.8M
Gross profit — — — — — — — — — —
Net income $601.9M $549.1M $640.7M $681.9M $530.7M $1.02B $1.38B $1.38B $1.76B $1.78B

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Other event Item 8.01
  • Results announced Item 2.02
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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