W. R. Berkley Corp (WRB)
W. R. Berkley Corporation, an insurance holding company, operates as a commercial line writer worldwide. The company operates through Insurance and Reinsurance & Monoline Excess segments. The Insurance segment underwrites commercial insurance business, including excess and surplus lines, admitted lines, and specialty personal lines. This segment also provides accident and health insurance and reinsurance products; insurance for commercial risks; casualty and specialty environmental products; insurance coverages for fine arts and jewelry exposures; excess liability and inland marine coverage for small to medium-sized insureds; and commercial general liability, umbrella, professional liability, directors and officers, commercial property, and surety products, as well as products for technology, and life sciences and travel industries. In addition, it offers cyber risk solutions; crime and fidelity insurance products; medical professional coverages; workers' compensation insurance products; management liability and general insurance products; personal lines insurance solutions, including home, condo/co-op, auto, fine arts and collectibles, liability, collector vehicle, and recreational marine; law enforcement, public officials and educator's legal, and employment practices liability, as well as incidental medical, property, and crime insurance products; at-risk and alternative risk insurance program management services; professional liability; energy and marine risks; and insurance products to the Lloyd's marketplace. The Reinsurance & Monoline Excess segment provides treaty and facultative reinsurance solutions; property and casualty reinsurance products; facultative reinsurance products include automatic, semi-automatic, and individual risk assumed reinsurance; and turnkey products, such as cyber, employment practices liability insurance, liquor liability insurance and violent events. The company was founded in 1967 and is headquartered in Greenwich, Connecticut.
- Symbol
- WRB
- Exchange
- NYSE
- Sector
- Financial Services
- Industry
- Insurance - Property & Casualty
- Market cap
- $25.60B
- 52 week range
- 62.87 - 78.96
Valuation
- Share price
- $68.98 (close of 2026-10-02)
- P/E (TTM)
- 14.11x
- Price to book
- 2.60x
- Price to free cash flow
- 7.10x
- Enterprise value
- $25.83B
- Book value per share
- $26.53
Price performance
| Period | Change |
|---|---|
| 1 day | +0.12% |
| 5 days | +3.23% |
| 1 month | +1.26% |
| 3 months | -4.30% |
| 6 months | +4.53% |
| Year to date | -1.63% |
| 1 year | -9.45% |
| 3 years | +64.43% |
| 5 years | +108.52% |
| 10 years | +303.16% |
| All time | +45886.67% |
Members of Congress who disclosed WRB trades
Gilbert Ray Cisneros · Lisa McClain
Super investors holding WRB
Ken Griffin (Citadel) · Bruce Berkowitz (Fairholme Capital) · Ray Dalio (Bridgewater Associates)
Profitability and growth
- Return on equity
- 18.32%
- Return on assets
- 4.04%
- Net margin
- 12.10%
- EBITDA margin
- 16.70%
- Revenue growth
- 7.84%
- Net income growth
- 1.33%
- Free cash flow growth
- -2.60%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 14.08%
- Net debt to EBITDA
- 0.09x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $14.71B
- EBITDA
- $2.46B
- Net income
- $1.78B
- Earnings per share
- $4.48
- Interest expense
- $126.89M
- Shares outstanding
- 396.97M
Income statement by year
| Period end | Revenue | Net income | EPS |
|---|---|---|---|
| 2025-12-31 | $14.71B | $1.78B | $4.48 |
| 2024-12-31 | $13.64B | $1.76B | $4.39 |
| 2023-12-31 | $12.14B | $1.38B | $3.40 |
| 2022-12-31 | $11.17B | $1.38B | $3.33 |
| 2021-12-31 | $9.46B | $1.02B | $2.46 |
| 2020-12-31 | $8.10B | $530.67M | $1.26 |
| 2019-12-31 | $7.90B | $681.94M | $1.59 |
| 2018-12-31 | $7.69B | $640.75M | $1.50 |
| 2017-12-31 | $7.68B | $549.09M | $1.30 |
| 2016-12-31 | $7.65B | $601.92M | $1.45 |
Margins and returns by year
| Period end | Net margin | Return on equity |
|---|---|---|
| 2025-12-31 | 12.10% | 18.32% |
| 2024-12-31 | 12.88% | 20.89% |
| 2023-12-31 | 11.38% | 18.49% |
| 2022-12-31 | 12.37% | 20.41% |
| 2021-12-31 | 10.81% | 15.33% |
| 2020-12-31 | 6.55% | 8.39% |
| 2019-12-31 | 8.63% | 11.15% |
| 2018-12-31 | 8.33% | 11.69% |
| 2017-12-31 | 7.15% | 10.07% |
| 2016-12-31 | 7.86% | 11.85% |
Cash and debt by year
| Period end | Cash |
|---|---|
| 2025-12-31 | $2.54B |
| 2024-12-31 | $1.97B |
| 2023-12-31 | $1.36B |
| 2022-12-31 | $1.45B |
| 2021-12-31 | $1.57B |
| 2020-12-31 | $2.37B |
| 2019-12-31 | $1.02B |
| 2018-12-31 | $817.60M |
| 2017-12-31 | $950.47M |
| 2016-12-31 | $795.28M |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|---|---|
| 2025-12-31 | $3.58B | $54.52M |
| 2024-12-31 | $3.68B | $54.38M |
| 2023-12-31 | $2.93B | $51.00M |
| 2022-12-31 | $2.57B | $49.41M |
| 2021-12-31 | $2.18B | $46.68M |
| 2020-12-31 | $1.62B | $49.66M |
| 2019-12-31 | $1.08B | $49.27M |
| 2018-12-31 | $570.34M | $36.59M |
| 2017-12-31 | $595.16M | $40.49M |
| 2016-12-31 | $797.55M | $37.17M |
Dividend history
- Most recent payment
- 2026-09-21
- Paid in the last twelve months
- $1.88
| Payment date | Dividend per share |
|---|---|
| 2026-09-21 | $0.10 |
| 2026-06-23 | $0.60 |
| 2026-02-23 | $0.09 |
| 2025-12-15 | $1.09 |
| 2025-09-22 | $0.09 |
| 2025-06-23 | $0.59 |
| 2025-03-03 | $0.08 |
| 2024-12-16 | $0.58 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-10-19
- Consensus EPS estimate
- $1.13
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|---|---|
| 2026-07-20 | Jun/2026 | $1.09 |
| 2026-04-21 | Mar/2026 | $1.13 |
| 2026-01-26 | Dec/2025 | $1.14 |
| 2025-10-20 | Sep/2025 | $1.07 |
| 2025-07-21 | Jun/2025 | $1.03 |
| 2025-04-21 | Mar/2025 | $1.01 |
| 2025-01-27 | Dec/2024 | $0.94 |
| 2024-10-21 | Sep/2024 | $0.92 |
Filings and sources
- Company website
- berkley.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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