W.R. Berkley Corporation (WRB)
Financials · $25.8B market cap · SEC CIK 0000011544
fundamentals score out of 100
Next reports on Oct 19, 2026, after the close, with analysts expecting $1.13 in earnings per share.
The case for WRB
- Reasonably priced at 13.4× earnings.
- Has compounded revenue at 12.7% a year over five years.
- Return on equity of 20%.
- Moves less than the market (beta 0.25).
The case against
- The price trend is weak (42/100): -6.3% over a year, +2.4% over three months, 33% of the way up its 52-week range.
- Weakest against its peers: revenue growth of +5.5% is slower than 77% of Financials companies.
What the score is made of
Each factor is half a curve over reported figures and half a rank among the other Financials companies (momentum is judged against fixed thresholds only), and the five are blended by weight. It describes the last filing and the current price. It is not a forecast.
| Valuewhat you pay for the earnings, sales, assets and cash | 63 |
|---|---|
| Growthhow fast revenue and earnings are moving, this year and over five | 54 |
| Profitabilityhow much of the revenue becomes profit, and how much of that is cash | 48 |
| Momentumhow the price has behaved lately | 42 |
| Stabilityhow violently it moves, what it owes and what it pays you | 81 |
- Its debt and cash flow are not scored, as for every company in the Financials sector: for banks, insurers and brokers, borrowing is the business.
- Each factor except momentum is half fixed thresholds, half rank among the 74 Financials companies.
Key numbers
| Price / earnings | 13.4× |
|---|---|
| Price / book | 2.67× |
| Price / sales | 1.7× |
| Revenue growth (YoY) | +5.5% |
| EPS growth (YoY) | +10.7% |
| Gross margin | — |
| Operating margin | 17% |
| Net margin | 13% |
| Return on equity | 20% |
| Debt / equity | 0.29× |
| Current ratio | 0.92 |
| Dividend yield | 0.54% |
| Beta | 0.25 |
| 52-week range | $62.87 – $78.96 |
| Position in that range | 33% of the way up |
| 3-month return | +2.4% |
| 1-year return | -6.3% |
Five years of financials, as filed
Pulled from W.R. Berkley Corporation's XBRL filings on SEC EDGAR. Italic rows are derived from the rows above.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $14.7B | $13.6B | $12.1B | $11.2B | $9.5B |
| Net income | $1.8B | $1.8B | $1.4B | $1.4B | $1.0B |
| Operating cash flow | $3.6B | $3.7B | $2.9B | $2.6B | $2.2B |
| Total assets | $43.9B | $40.6B | $37.2B | $33.9B | $32.1B |
| Total liabilities | $34.2B | $32.2B | $29.7B | $27.1B | $25.4B |
| Shareholder equity | $9.7B | $8.4B | $7.5B | $6.7B | $6.7B |
| Cash | $2.5B | $2.0B | $1.4B | $1.4B | $1.6B |
| Net margin | 12.1% | 12.9% | 11.4% | 12.4% | 10.8% |
| Diluted shares | 400M | 403M | 410M | 419K | 420K |
What W.R. Berkley Corporation says it does
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. Our two reporting segments are each composed of…
Risk factors WRB lists in its 10-K
- Our results may fluctuate as a result of many factors, including cyclical changes in the insurance and reinsurance industry
- We face significant competitive pressures in our businesses, which can pressure premium rates in certain areas and could harm our ability to maintain or increase our profitability and premium volume in some parts of our business
- Our actual claims losses may exceed our reserves for claims, which may require us to establish additional reserves
- The effects of emerging claim and coverage issues on our business are uncertain
- As a property casualty insurer, we face losses from natural and man-made catastrophes
- New or emerging pandemics, whether related to COVID-19 or otherwise, may materially and adversely affect our results of operations, financial position and liquidity in the future
- Changing climate conditions may alter the frequency and increase the severity of catastrophic events and thereby adversely affect our financial condition and results of operations
- We, as a primary insurer, may have significant exposure to terrorist acts
- We are exposed to, and may face adverse developments involving, mass tort claims
- We are subject to extensive governmental regulation, which increases our costs and could restrict the conduct of our business
- If market conditions cause reinsurance to be more costly or unavailable, we may be required to bear increased risks or reduce the level of our underwriting commitments
- Our expanding international operations expose us to increased investment, political, legal/regulatory, and economic risks, including foreign currency and credit risk
- We may be unable to attract and retain key personnel and qualified employees
- We cannot guarantee that our reinsurers will pay in a timely fashion, if at all, and, as a result, we could experience losses