WRB · Berkley W R Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.69B | - | $3.77B | $3.67B | $3.55B | - | $3.40B | $3.31B | $3.26B | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | $3.07B | - | $3.12B | $3.15B | $3.01B | - | $2.93B | $2.83B | $2.68B | - |
| D&A | - | - | - | - | - | - | - | - | - | - |
| Operating Income | $616.10M | - | $648.11M | $521.86M | $538.61M | - | $474.45M | $487.67M | $574.07M | - |
| Interest Expense | $31.71M | - | $31.76M | $31.78M | $31.73M | - | $31.72M | $31.71M | $31.73M | - |
| Income Tax | $100.52M | - | $136.14M | $121.16M | $121.26M | - | $109.14M | $115.79M | $132.04M | - |
| Net Income | $515.22M | - | $511.03M | $401.29M | $417.57M | - | $365.63M | $371.91M | $442.47M | - |
| EPS - Basic | $1.31 | - | $1.29 | $1.01 | $1.05 | - | $0.92 | $0.93 | $1.10 | - |
| EPS - Diluted | $1.31 | - | $1.28 | $1.00 | $1.04 | - | $0.91 | $0.92 | $1.09 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.28B | $2.54B | $2.40B | $1.98B | $1.72B | $1.97B | $1.57B | $1.58B | $1.17B | $1.36B |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $44.32B | $44.07B | $43.72B | $42.66B | $41.35B | $40.57B | $40.36B | $38.91B | $37.85B | $37.20B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $34.56B | $34.36B | $33.91B | $33.35B | $32.42B | $32.16B | $31.92B | $31.12B | $30.05B | $29.73B |
| Stockholders' Equity | $9.74B | $9.70B | $9.80B | $9.29B | $8.91B | $8.40B | $8.43B | $7.77B | $7.78B | $7.46B |
| Retained Earnings | $13.83B | $13.34B | $13.31B | $12.83B | $12.65B | $12.27B | $11.91B | $11.67B | $11.46B | $11.04B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $667.86M | - | - | - | $743.82M | - | - | - | $746.24M | - |
| Investing Cash Flow | ($588.59M) | - | - | - | ($924.42M) | - | - | - | ($905.11M) | - |
| Financing Cash Flow | ($339.11M) | - | - | - | ($81.41M) | - | - | - | ($29.70M) | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 16.7% | - | 17.2% | 14.2% | 15.2% | - | 14.0% | 14.7% | 17.6% | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | 14.0% | - | 13.6% | 10.9% | 11.8% | - | 10.8% | 11.2% | 13.6% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | 16.3% | - | 21.0% | 23.2% | 22.5% | - | 23.0% | 23.7% | 23.0% | - |
| Return on assets | 1.2% | - | 1.2% | 0.9% | 1.0% | - | 0.9% | 1.0% | 1.2% | - |
| Return on equity | 5.3% | - | 5.2% | 4.3% | 4.7% | - | 4.3% | 4.8% | 5.7% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 19.4x | - | 20.4x | 16.4x | 17.0x | - | 15.0x | 15.4x | 18.1x | - |
| Equity multiplier | 4.55 | 4.54 | 4.46 | 4.59 | 4.64 | 4.83 | 4.79 | 5.01 | 4.86 | 4.99 |
| Liabilities / Assets | 0.78 | 0.78 | 0.78 | 0.78 | 0.78 | 0.79 | 0.79 | 0.80 | 0.79 | 0.80 |
| Efficiency | ||||||||||
| Asset turnover | 0.08 | - | 0.09 | 0.09 | 0.09 | - | 0.08 | 0.09 | 0.09 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 50.6x | - | 59.9x | 73.5x | 68.4x | - | 62.3x | 56.9x | 53.9x | - |
| P / B | 2.7x | - | 3.1x | 3.2x | 3.2x | - | 2.7x | 2.7x | 2.0x | - |
| P / S | 7.1x | - | 8.1x | 8.0x | 8.0x | - | 6.7x | 6.4x | 4.9x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 4.0% | - | 10.8% | 10.8% | 8.9% | - | 12.2% | 10.6% | - | - |
| Revenue CAGR (3y) | - | - | 11.4% | - | 7.0% | - | 11.9% | 9.7% | 3.8% | - |
| Revenue CAGR (5y) | 4.8% | - | 13.1% | 13.7% | 14.4% | - | 11.6% | 10.4% | 11.0% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 14.4% | - | 36.6% | 7.0% | -6.2% | - | 13.0% | 6.7% | - | - |
| Net income growth (YoY) | 23.4% | - | 39.8% | 7.9% | -5.6% | - | 9.6% | 4.4% | - | - |
| EPS growth (YoY) | 26.0% | - | 40.7% | 8.7% | -4.9% | - | -26.0% | -29.2% | - | - |
| EPS CAGR (3y) | - | - | 16.0% | - | -0.6% | - | -13.4% | 12.9% | -19.8% | - |
| EPS CAGR (5y) | -9.2% | - | 9.6% | 21.4% | - | - | 1.4% | -3.9% | 3.1% | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 9.3% | 15.6% | 16.3% | 19.6% | 14.5% | 12.6% | 21.8% | 12.9% | - | 10.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$13.88B totalInsurance Domestic Segment$12.10B · 87.2%
Reinsuranceand Monoline Excess Segment$1.78B · 12.8%
Geographic
$1.41B totalNon Us$1.41B · 100.0%
Peer comparison
Same SIC group: Fire, Marine & Casualty Insurance
Comparing BERKLEY W R CORP against the 5 most active filers in the same SIC group.
Dividends
$1.86/share trailing 12 months · +32.5% YoY
| Ex-date | Per share |
|---|---|
| Feb 23, 2026 | $0.0900 |
| Dec 15, 2025 | $1.0900 |
| Sep 22, 2025 | $0.0900 |
| Jun 23, 2025 | $0.5900 |
| Mar 3, 2025 | $0.0800 |
| Dec 16, 2024 | $0.5800 |
| Sep 23, 2024 | $0.3300 |
| Jun 24, 2024 | $0.4133 |
| Mar 1, 2024 | $0.0733 |
| Dec 15, 2023 | $0.4067 |
| Sep 22, 2023 | $0.4067 |
| Jun 23, 2023 | $0.0733 |
| Mar 8, 2023 | $0.0667 |
| Jan 12, 2023 | $0.3333 |
| Dec 16, 2022 | $0.0667 |
| Sep 23, 2022 | $0.0667 |
| Jun 24, 2022 | $0.4000 |
| Mar 8, 2022 | $0.0578 |
| Dec 6, 2021 | $0.5022 |
| Sep 14, 2021 | $0.0578 |
| Jun 24, 2021 | $0.2800 |
| Mar 9, 2021 | $0.0533 |
| Dec 14, 2020 | $0.0533 |
| Sep 14, 2020 | $0.0533 |