W. R. Berkley (WRB) Financials

$73.11 +0.92 (+1.28%)

Closing price 05/23/2025 03:59 PM Eastern

Extended Trading

$73.08 -0.03 (-0.04%)

As of 05/23/2025 05:44 PM Eastern

Annual Income Statements for W. R. Berkley

This table shows W. R. Berkley's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	1,756	1,381	1,381	1,022	531	682	641	549	602	504
Consolidated Net Income / (Loss)	1,755	1,384	1,385	1,031	533	684	649	553	603	504
Net Income / (Loss) Continuing Operations	1,755	1,384	1,385	1,031	533	684	649	553	603	504
Total Pre-Tax Income	2,264	1,754	1,720	1,283	705	853	812	773	896	732
Total Revenue	13,639	12,143	11,166	9,455	7,948	7,902	7,534	7,685	7,654	7,206
Net Interest Income / (Expense)	0.00	0.00	0.00	0.00	-151	0.00	-157	0.00	0.00	-131
Total Interest Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Interest Expense	0.00	0.00	0.00	0.00	151	0.00	157	0.00	0.00	131
Total Non-Interest Income	13,639	12,143	11,166	9,455	8,099	7,902	7,692	7,685	7,654	7,206
Other Service Charges	111	107	114	98	91	96	118	136	139	140
Net Realized & Unrealized Capital Gains on Investments	1,451	1,100	982	762	687	766	829	912	831	605
Premiums Earned	11,548	10,401	9,561	8,106	6,931	6,633	6,372	6,311	6,293	6,041
Other Non-Interest Income	528	536	510	489	390	407	373	326	390	421
Total Non-Interest Expense	11,374	10,389	9,447	8,173	7,244	7,049	6,722	6,912	6,758	6,343
Property & Liability Insurance Claims	7,132	6,372	5,862	4,954	4,469	4,131	3,975	4,002	3,846	3,656
Other Operating Expenses	4,243	4,016	3,585	3,219	2,775	2,918	2,748	2,910	2,912	2,687
Income Tax Expense	510	371	335	252	172	169	163	219	293	228
Net Income / (Loss) Attributable to Noncontrolling Interest	-1.54	2.49	3.89	8.53	2.32	2.04	8.32	4.24	1.57	0.41
Basic Earnings per Share	$4.39	$3.40	$3.33	$3.69	$1.89	$3.58	$3.37	$2.93	$4.91	$4.06
Weighted Average Basic Shares Outstanding	379.23M	256.55M	263.45M	183.42M	126.70M	183.42M	126.70M	124.84M	-	121.21M
Diluted Earnings per Share	$4.36	$3.37	$3.29	$3.66	$1.87	$3.52	$3.33	$2.84	$4.68	$3.87
Weighted Average Diluted Shares Outstanding	379.23M	256.55M	263.45M	183.42M	126.70M	183.42M	126.70M	124.84M	-	121.21M
Weighted Average Basic & Diluted Shares Outstanding	379.23M	256.55M	263.45M	183.42M	126.70M	183.42M	126.70M	124.84M	-	121.21M
Cash Dividends to Common per Share	$1.40	-	-	$2.01	$0.47	$1.68	$1.39	$1.03	-	-

This table shows W. R. Berkley's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	418	576	366	372	442	397	334	356	294	382	229
Consolidated Net Income / (Loss)	417	575	365	372	442	399	333	356	296	382	230
Net Income / (Loss) Continuing Operations	417	575	365	372	442	399	333	356	296	382	230
Total Pre-Tax Income	539	728	474	488	574	501	420	457	376	478	286
Total Revenue	3,547	3,668	3,400	3,314	3,257	3,221	3,031	2,996	2,895	3,049	2,724
Net Interest Income / (Expense)	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	35	0.00
Total Interest Income	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Total Interest Expense	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-35	0.00
Total Non-Interest Income	3,547	3,668	3,400	3,314	3,257	3,211	3,031	3,006	2,895	3,014	2,724
Other Service Charges	29	28	29	28	26	25	23	25	33	30	28
Net Realized & Unrealized Capital Gains on Investments	377	476	316	314	346	311	229	314	246	306	135
Premiums Earned	3,012	3,011	2,927	2,846	2,764	2,715	2,642	2,553	2,491	2,513	2,442
Other Non-Interest Income	129	153	129	126	121	160	137	114	124	164	119
Total Non-Interest Expense	3,009	2,939	2,926	2,826	2,683	2,720	2,611	2,539	2,519	2,570	2,438
Property & Liability Insurance Claims	1,901	1,861	1,826	1,781	1,664	1,628	1,636	1,570	1,539	1,522	1,565
Other Operating Expenses	1,108	1,078	1,100	1,046	1,019	1,093	974	969	980	1,048	874
Income Tax Expense	121	153	109	116	132	102	87	101	80	96	56
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.22	-0.76	-0.32	-0.02	-0.44	1.62	-0.16	-0.58	1.60	-0.24	1.60
Basic Earnings per Share	$1.05	$1.52	$0.92	$0.93	$1.65	$1.55	$0.83	$0.88	$1.07	$1.45	$0.83
Weighted Average Basic Shares Outstanding	379.36M	379.23M	381.07M	380.55M	255.66M	256.55M	257.87M	257.52M	260.77M	263.45M	265.48M
Diluted Earnings per Share	$1.04	$1.52	$0.91	$0.92	$1.64	$1.55	$0.82	$0.87	$1.06	$1.45	$0.82
Weighted Average Diluted Shares Outstanding	379.36M	379.23M	381.07M	380.55M	255.66M	256.55M	257.87M	257.52M	260.77M	263.45M	265.48M
Weighted Average Basic & Diluted Shares Outstanding	379.36M	379.23M	381.07M	380.55M	255.66M	256.55M	257.87M	257.52M	260.77M	263.45M	265.48M
Cash Dividends to Common per Share	$0.08	$0.58	$0.33	$0.41	$0.11	$1.23	-	-	$0.60	$0.20	$0.10

This table details how cash moves in and out of W. R. Berkley's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	612	-86	-119	-804	1,349	206	-133	155	32	89
Net Cash From Operating Activities	3,678	2,929	2,569	2,184	1,617	1,144	620	711	848	881
Net Cash From Continuing Operating Activities	3,678	2,929	2,569	2,184	1,617	1,144	620	711	848	881
Net Income / (Loss) Continuing Operations	1,756	1,381	1,381	1,022	531	682	641	549	602	504
Consolidated Net Income / (Loss)	1,756	1,381	1,381	1,022	531	682	641	549	602	504
Depreciation Expense	-171	-21	56	130	135	113	131	113	86	85
Non-Cash Adjustments to Reconcile Net Income	-53	-10	-294	-255	-105	-139	-135	-360	-328	-122
Changes in Operating Assets and Liabilities, net	2,146	1,579	1,426	1,287	1,056	487	-17	409	488	414
Net Cash From Investing Activities	-2,184	-1,962	-1,891	-2,989	120	-425	-714	-333	-794	-171
Net Cash From Continuing Investing Activities	-2,184	-1,962	-1,891	-2,989	120	-425	-714	-333	-794	-171
Purchase of Property, Leasehold Improvements and Equipment	-106	-53	-53	-67	-38	-60	-50	-116	-51	-64
Purchase of Investment Securities	-9,719	-6,808	-8,556	-10,941	-7,626	-5,474	-7,377	-8,275	-5,930	-4,666
Divestitures	0.00	97	907	0.00	0.00	-	8.66	0.00	250	0.00
Sale and/or Maturity of Investments	7,533	4,837	5,796	8,036	7,810	5,107	6,700	8,062	4,915	4,581
Other Investing Activities, net	107	-34	14	-18	-27	2.84	4.26	-4.37	21	-23
Net Cash From Financing Activities	-852	-1,062	-772	5.83	-398	-513	-7.40	-235	-6.93	-555
Net Cash From Continuing Financing Activities	-852	-1,062	-772	5.83	-398	-513	-7.40	-235	-6.93	-555
Issuance of Debt	3.11	0.98	0.00	1,034	742	291	295	6.98	389	9.06
Repayment of Debt	0.00	-1.95	-430	-505	-653	-456	-22	-0.02	-75	-281
Repurchase of Common Equity	-304	-537	-94	-122	-346	-18	-25	-48	-132	-224
Payment of Dividends	-532	-501	-235	-356	-84	-308	-255	-188	-184	-58
Other Financing Activities, Net	-20	-23	-13	-45	-56	-21	-	-6.04	-3.82	-1.60
Effect of Exchange Rate Changes	-30	9.07	-25	-4.20	10	0.38	-31	13	-15	-66

This table details how cash moves in and out of W. R. Berkley's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-255	402	-7.03	411	-194	-283	-177	581	-207	319	-186
Net Cash From Operating Activities	744	810	1,241	881	746	698	1,077	709	445	795	768
Net Cash From Continuing Operating Activities	744	810	1,241	881	746	698	1,077	709	445	795	768
Net Income / (Loss) Continuing Operations	418	576	366	372	442	397	334	356	294	382	229
Consolidated Net Income / (Loss)	418	576	366	372	442	397	334	356	294	382	229
Depreciation Expense	-9.79	-14	-12	-64	-81	-24	-3.61	-2.84	9.74	9.84	8.80
Non-Cash Adjustments to Reconcile Net Income	-31	-133	16	47	16	-4.27	51	-45	-12	-85	45
Changes in Operating Assets and Liabilities, net	367	380	871	527	368	329	697	400	153	489	485
Net Cash From Investing Activities	-924	-87	-1,105	-87	-905	-565	-1,235	198	-359	-341	-761
Net Cash From Continuing Investing Activities	-924	-87	-1,105	-87	-905	-565	-1,235	198	-359	-341	-761
Purchase of Property, Leasehold Improvements and Equipment	-16	-14	-13	-24	-54	-11	-16	-14	-12	-17	-13
Purchase of Investment Securities	-2,561	-2,115	-3,027	-2,174	-2,402	-1,638	-2,268	-1,166	-1,737	-455	-2,770
Sale and/or Maturity of Investments	1,638	2,057	1,978	2,016	1,481	1,123	1,141	1,170	1,403	294	1,915
Other Investing Activities, net	15	-15	-43	95	70	-42	-92	114	-14	-163	108
Net Cash From Financing Activities	-81	-291	-154	-378	-30	-424	-23	-320	-296	-137	-184
Net Cash From Continuing Financing Activities	-81	-291	-154	-378	-30	-424	-23	-320	-296	-137	-184
Issuance of Debt	1.64	3.11	-0.42	0.40	0.02	-0.12	0.94	1.03	-0.87	-2.18	1.99
Repurchase of Common Equity	-49	-67	-12	-224	0.00	-107	-2.92	-292	-135	-88	-6.57
Payment of Dividends	-30	-220	-126	-158	-28	-315	-	-28	-159	-53	-159
Other Financing Activities, Net	-3.51	-6.04	-15	2.45	-1.51	-2.36	-21	1.44	-1.11	8.96	-20
Effect of Exchange Rate Changes	7.47	-31	11	-4.50	-5.56	8.11	3.62	-5.50	2.84	1.38	-8.84

This table presents W. R. Berkley's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2016
Total Assets	40,567	37,202	33,861	32,086	28,607	26,662	24,896	24,300	23,365	23,365
Cash and Due from Banks	1,975	1,363	1,449	1,569	2,372	1,024	818	950	795	795
Trading Account Securities	2,672	22,890	20,382	19,025	16,094	2,095	15,671	15,901	15,358	15,358
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accrued Investment Income	244	213	167	123	120	139	144	137	127	127
Premises and Equipment, Net	479	427	423	420	406	422	416	423	349	349
Mortgage Servicing Rights	405	201	193	115	85	92	95	80	107	107
Unearned Premiums Asset	7,648	3,868	3,476	6,123	2,816	4,698	2,307	2,246	2,115	2,115
Deferred Acquisition Cost	952	862	763	676	556	517	498	508	538	538
Goodwill	184	175	186	170	170	170	173	179	145	145
Other Assets	26,009	7,203	6,822	3,866	5,987	17,505	4,774	3,877	3,831	3,831
Total Liabilities & Shareholders' Equity	40,567	37,202	33,861	32,086	28,607	26,662	24,896	24,300	23,365	23,365
Total Liabilities	32,160	29,733	27,093	25,419	22,281	20,544	19,416	18,849	18,284	18,284
Long-Term Debt	2,841	2,837	2,837	3,267	2,725	2,626	2,790	2,497	2,488	2,488
Claims and Claim Expense	20,368	18,740	17,011	15,391	13,784	12,583	11,966	11,670	11,197	11,197
Unearned Premiums Liability	6,375	5,922	5,298	4,847	4,073	3,657	3,360	3,290	3,283	3,283
Other Long-Term Liabilities	2,576	2,234	1,947	1,860	1,698	1,668	1,300	1,391	1,315	1,315
Total Equity & Noncontrolling Interests	8,407	7,469	6,768	6,668	6,326	6,118	5,480	5,451	5,081	5,081
Total Preferred & Common Equity	8,395	7,455	6,748	6,653	6,311	6,075	5,438	5,411	5,047	5,047
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	8,395	7,455	6,748	6,653	6,311	6,075	5,438	5,411	5,047	5,047
Common Stock	1,144	1,123	1,103	1,087	1,083	1,127	1,110	1,095	1,084	1,084
Retained Earnings	12,265	11,041	10,161	9,015	8,348	7,932	7,559	6,957	6,596	6,596
Treasury Stock	-4,079	-3,783	-3,251	-3,167	-3,058	-2,727	-2,720	-2,709	-2,689	-2,689
Accumulated Other Comprehensive Income / (Loss)	-934	-926	-1,265	-282	-62	-257	-510	69	56	56
Noncontrolling Interest	12	14	20	15	15	43	42	40	34	34

This table presents W. R. Berkley's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Total Assets	41,346	40,567	40,359	38,910	37,851	37,202	36,111	35,309	34,296	33,861	33,077
Cash and Due from Banks	1,720	1,975	1,573	1,580	1,169	1,363	1,646	1,824	1,242	1,449	1,131
Trading Account Securities	26,246	2,672	2,656	2,667	23,699	22,890	21,818	20,890	20,973	20,382	22,665
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accrued Investment Income	236	244	234	225	218	213	201	185	181	167	151
Premises and Equipment, Net	482	479	478	477	467	427	423	421	421	423	414
Mortgage Servicing Rights	420	405	390	349	229	201	178	182	195	193	-
Unearned Premiums Asset	4,133	7,648	7,724	7,748	7,439	3,868	3,861	7,241	3,516	3,476	6,615
Deferred Acquisition Cost	978	952	958	939	889	862	854	830	787	763	767
Goodwill	184	184	184	184	175	175	175	175	186	186	170
Other Assets	6,946	26,009	26,163	24,740	3,568	7,203	6,955	3,563	6,796	6,822	1,165
Total Liabilities & Shareholders' Equity	41,346	40,567	40,359	38,910	37,851	37,202	36,111	35,309	34,296	33,861	33,077
Total Liabilities	32,419	32,160	31,920	31,123	30,053	29,733	29,181	28,400	27,330	27,093	26,707
Long-Term Debt	1,833	2,841	2,837	2,838	2,837	2,837	2,837	2,836	2,837	2,837	2,842
Claims and Claim Expense	20,922	20,368	20,155	19,567	19,100	18,740	18,273	17,920	17,432	17,011	16,540
Unearned Premiums Liability	6,494	6,375	6,490	6,333	5,997	5,922	5,900	5,698	5,386	5,298	5,375
Other Long-Term Liabilities	3,170	2,576	2,438	2,385	2,119	2,234	2,171	1,946	1,676	1,947	1,948
Total Equity & Noncontrolling Interests	8,926	8,407	8,439	7,787	7,799	7,469	6,930	6,908	6,966	6,768	6,370
Total Preferred & Common Equity	8,914	8,395	8,426	7,774	7,785	7,455	6,916	6,887	6,944	6,748	6,346
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	8,914	8,395	8,426	7,774	7,785	7,455	6,916	6,887	6,944	6,748	6,346
Common Stock	1,152	1,144	1,132	1,146	1,136	1,123	1,114	1,127	1,114	1,103	1,091
Retained Earnings	12,652	12,265	11,909	11,670	11,455	11,041	10,801	10,625	10,297	10,161	9,805
Treasury Stock	-4,128	-4,079	-4,012	-4,008	-3,783	-3,783	-3,676	-3,682	-3,388	-3,251	-3,164
Accumulated Other Comprehensive Income / (Loss)	-762	-934	-603	-1,034	-1,024	-926	-1,323	-1,182	-1,079	-1,265	-1,386
Noncontrolling Interest	12	12	13	13	14	14	14	21	22	20	24

This table displays calculated financial ratios and metrics derived from W. R. Berkley's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	12.32%	8.74%	18.10%	18.96%	0.58%	4.88%	-1.96%	0.40%	6.21%	2.94%
EBITDA Growth	20.78%	-2.37%	25.70%	68.19%	-13.08%	2.45%	6.49%	-9.85%	3.63%	-8.93%
EBIT Growth	29.07%	2.02%	34.05%	82.02%	-17.37%	5.03%	5.09%	-13.80%	3.88%	-9.37%
NOPAT Growth	26.79%	-0.08%	34.33%	93.44%	-22.08%	5.38%	17.30%	-8.31%	19.71%	-22.40%
Net Income Growth	26.79%	-0.08%	34.33%	93.44%	-22.08%	5.38%	17.30%	-8.31%	19.71%	-22.40%
EPS Growth	29.38%	-0.08%	34.33%	93.44%	-22.08%	5.71%	17.30%	-8.31%	20.93%	-20.37%
Operating Cash Flow Growth	25.57%	14.04%	17.61%	35.09%	41.34%	84.42%	-12.76%	-16.21%	-3.74%	19.93%
Free Cash Flow Firm Growth	18.97%	-61.37%	1,786.67%	-58.62%	8.53%	-36.41%	88.33%	-71.12%	4,070.88%	150.80%
Invested Capital Growth	9.14%	7.30%	-3.84%	10.36%	3.51%	5.75%	4.04%	5.01%	0.00%	6.92%
Revenue Q/Q Growth	3.38%	1.44%	4.40%	4.61%	1.86%	2.90%	-2.76%	-0.45%	2.20%	1.82%
EBITDA Q/Q Growth	12.80%	-0.64%	6.30%	-3.77%	35.52%	0.10%	-1.98%	-1.39%	-5.59%	14.32%
EBIT Q/Q Growth	11.15%	1.32%	7.76%	-3.37%	55.88%	-1.83%	-4.56%	-3.79%	-5.81%	16.85%
NOPAT Q/Q Growth	11.18%	1.24%	6.76%	-1.73%	56.63%	-2.35%	-2.99%	0.47%	7.82%	-0.21%
Net Income Q/Q Growth	11.18%	1.24%	6.76%	-1.73%	56.63%	-2.35%	-2.99%	0.47%	7.82%	-0.21%
EPS Q/Q Growth	5.31%	1.24%	6.76%	-1.73%	56.63%	-6.88%	-2.99%	0.47%	1.74%	0.26%
Operating Cash Flow Q/Q Growth	3.14%	-3.21%	5.58%	8.97%	8.82%	6.63%	16.68%	10.43%	-14.09%	12.93%
Free Cash Flow Firm Q/Q Growth	1,090.53%	-16.03%	-12.21%	-59.58%	168.63%	-52.04%	-27.21%	298.00%	727.66%	-98.57%
Invested Capital Q/Q Growth	-0.25%	5.52%	4.26%	0.59%	-0.67%	3.58%	1.13%	-0.13%	1.58%	11.38%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	15.35%	14.28%	15.90%	14.94%	10.57%	12.23%	12.52%	11.53%	12.84%	13.16%
EBIT Margin	16.60%	14.45%	15.40%	13.57%	8.87%	10.79%	10.78%	10.06%	11.71%	11.98%
Profit (Net Income) Margin	12.86%	11.40%	12.40%	10.90%	6.71%	8.66%	8.61%	7.20%	7.88%	7.00%
Tax Burden Percent	77.48%	78.88%	80.54%	80.37%	75.62%	80.19%	79.93%	71.60%	67.32%	68.86%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	84.83%
Effective Tax Rate	22.52%	21.12%	19.46%	19.63%	24.38%	19.81%	20.08%	28.40%	32.68%	31.14%
Return on Invested Capital (ROIC)	16.28%	13.90%	14.14%	10.83%	5.99%	8.04%	8.00%	7.13%	7.97%	6.88%
ROIC Less NNEP Spread (ROIC-NNEP)	16.28%	13.90%	14.14%	10.83%	5.99%	8.04%	8.00%	7.13%	7.97%	6.88%
Return on Net Nonoperating Assets (RNNOA)	5.82%	5.54%	6.48%	5.04%	2.58%	3.75%	3.87%	3.38%	3.90%	3.51%
Return on Equity (ROE)	22.10%	19.44%	20.62%	15.87%	8.57%	11.79%	11.88%	10.51%	11.88%	10.39%
Cash Return on Invested Capital (CROIC)	7.54%	6.86%	18.05%	0.98%	2.55%	2.45%	4.05%	2.25%	7.97%	0.20%
Operating Return on Assets (OROA)	5.82%	4.94%	5.22%	4.23%	2.55%	3.31%	3.30%	3.24%	3.84%	3.83%
Return on Assets (ROA)	4.51%	3.89%	4.20%	3.40%	1.93%	2.65%	2.64%	2.32%	2.58%	2.24%
Return on Common Equity (ROCE)	22.07%	19.39%	20.56%	15.83%	8.53%	11.71%	11.79%	10.43%	11.80%	10.32%
Return on Equity Simple (ROE_SIMPLE)	20.90%	18.56%	20.52%	15.50%	8.45%	11.26%	11.94%	10.23%	11.96%	9.99%
Net Operating Profit after Tax (NOPAT)	1,755	1,384	1,385	1,031	533	684	649	553	603	504
NOPAT Margin	12.86%	11.40%	12.40%	10.90%	6.71%	8.66%	8.61%	7.20%	7.88%	7.00%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	83.40%	85.55%	84.60%	86.43%	91.13%	89.21%	89.22%	89.94%	88.29%	88.03%
Earnings before Interest and Taxes (EBIT)	2,264	1,754	1,720	1,283	705	853	812	773	896	863
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2,094	1,734	1,776	1,413	840	966	943	886	982	948
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.66	1.58	1.79	1.38	1.15	1.27	0.99	0.93	0.90	0.74
Price to Tangible Book Value (P/TBV)	2.72	1.62	1.85	1.41	1.18	1.31	1.02	0.96	0.93	0.76
Price to Revenue (P/Rev)	1.64	0.97	1.08	0.97	0.91	0.98	0.71	0.66	0.60	0.52
Price to Earnings (P/E)	12.70	8.54	8.77	8.96	13.68	11.32	8.36	9.18	7.57	7.37
Dividend Yield	2.39%	2.81%	1.30%	1.21%	1.15%	1.02%	4.08%	3.07%	3.67%	4.88%
Earnings Yield	7.87%	11.72%	11.41%	11.16%	7.31%	8.83%	11.96%	10.89%	13.20%	13.57%
Enterprise Value to Invested Capital (EV/IC)	2.06	1.29	1.41	1.09	0.84	1.07	0.89	0.83	0.83	0.72
Enterprise Value to Revenue (EV/Rev)	1.70	1.09	1.21	1.16	0.96	1.19	0.98	0.86	0.82	0.75
Enterprise Value to EBITDA (EV/EBITDA)	11.07	7.66	7.61	7.74	9.08	9.70	7.81	7.48	6.40	5.74
Enterprise Value to EBIT (EV/EBIT)	10.24	7.57	7.86	8.52	10.82	10.98	9.08	8.58	7.01	6.30
Enterprise Value to NOPAT (EV/NOPAT)	13.21	9.60	9.76	10.60	14.31	13.70	11.35	11.98	10.42	10.79
Enterprise Value to Operating Cash Flow (EV/OCF)	6.30	4.53	5.26	5.00	4.72	8.19	11.88	9.32	7.41	6.17
Enterprise Value to Free Cash Flow (EV/FCFF)	28.53	19.44	7.65	116.64	33.67	44.89	22.46	38.03	10.42	375.88
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.34	0.38	0.42	0.50	0.43	0.43	0.51	0.46	0.49	0.49
Long-Term Debt to Equity	0.34	0.38	0.42	0.49	0.43	0.43	0.51	0.46	0.49	0.49
Financial Leverage	0.36	0.40	0.46	0.47	0.43	0.47	0.48	0.47	0.49	0.51
Leverage Ratio	4.90	4.99	4.91	4.67	4.44	4.45	4.50	4.53	4.60	4.65
Compound Leverage Factor	4.90	4.99	4.91	4.67	4.44	4.45	4.50	4.53	4.60	3.94
Debt to Total Capital	25.26%	27.53%	29.54%	33.25%	30.11%	30.03%	33.73%	31.42%	32.87%	32.87%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.54%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	25.26%	27.53%	29.54%	32.71%	30.11%	30.03%	33.73%	31.42%	32.87%	32.87%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.11%	0.13%	0.21%	0.15%	0.17%	0.50%	0.51%	0.50%	0.45%	0.45%
Common Equity to Total Capital	74.63%	72.34%	70.26%	66.61%	69.72%	69.47%	65.76%	68.08%	66.68%	66.68%
Debt to EBITDA	1.36	1.64	1.60	2.35	3.25	2.72	2.96	2.82	2.53	2.62
Net Debt to EBITDA	0.41	0.85	0.78	1.24	0.42	1.66	2.09	1.75	1.72	1.79
Long-Term Debt to EBITDA	1.36	1.64	1.60	2.31	3.25	2.72	2.96	2.82	2.53	2.62
Debt to NOPAT	1.62	2.05	2.05	3.22	5.11	3.84	4.30	4.51	4.12	4.94
Net Debt to NOPAT	0.49	1.07	1.00	1.70	0.66	2.34	3.04	2.80	2.81	3.36
Long-Term Debt to NOPAT	1.62	2.05	2.05	3.17	5.11	3.84	4.30	4.51	4.12	4.94
Noncontrolling Interest Sharing Ratio	0.16%	0.24%	0.26%	0.23%	0.47%	0.74%	0.75%	0.70%	0.67%	0.70%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	812	683	1,768	94	226	209	328	174	603	14
Operating Cash Flow to CapEx	3,482.54%	5,518.53%	4,875.49%	3,277.59%	4,235.38%	1,891.91%	1,243.88%	614.32%	1,669.08%	1,386.53%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	1.50	0.00	2.09	0.00	0.00	0.11
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	10.74	0.00	3.95	0.00	0.00	6.73
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	10.49	0.00	3.63	0.00	0.00	6.24
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.35	0.34	0.34	0.31	0.29	0.31	0.31	0.32	0.33	0.32
Fixed Asset Turnover	30.13	28.57	26.49	22.90	19.20	18.85	17.95	19.90	21.90	21.15
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	11,248	10,306	9,605	9,988	9,051	8,745	8,269	7,948	7,569	7,569
Invested Capital Turnover	1.27	1.22	1.14	0.99	0.89	0.93	0.93	0.99	1.01	0.98
Increase / (Decrease) in Invested Capital	942	701	-383	937	307	475	321	379	0.00	490
Enterprise Value (EV)	23,179	13,279	13,517	10,930	7,626	9,368	7,370	6,628	6,285	5,439
Market Capitalization	22,300	11,791	12,109	9,164	7,258	7,723	5,356	5,041	4,558	3,712
Book Value per Share	$22.03	$28.91	$25.42	$37.66	$35.41	$33.07	$44.53	$44.43	$41.58	$40.94
Tangible Book Value per Share	$21.55	$28.23	$24.72	$36.70	$34.46	$32.15	$43.11	$42.96	$40.39	$39.77
Total Capital	11,248	10,306	9,605	9,988	9,051	8,745	8,269	7,948	7,569	7,569
Total Debt	2,841	2,837	2,837	3,321	2,725	2,626	2,790	2,497	2,488	2,488
Total Long-Term Debt	2,841	2,837	2,837	3,267	2,725	2,626	2,790	2,497	2,488	2,488
Net Debt	866	1,474	1,388	1,752	353	1,603	1,972	1,547	1,693	1,693
Capital Expenditures (CapEx)	106	53	53	67	38	60	50	116	51	64
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	2,841	2,837	2,837	3,321	2,725	2,626	2,790	2,497	2,488	2,488
Total Depreciation and Amortization (D&A)	-171	-21	56	130	135	113	131	113	86	85
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$4.39	$5.10	$4.99	$3.69	$0.00	$2.39	$2.25	$1.96	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	379.23M	256.55M	263.45M	265.19M	0.00	275.13M	274.53M	273.47M	0.00	0.00
Adjusted Diluted Earnings per Share	$4.36	$5.05	$4.94	$3.65	$0.00	$2.35	$2.22	$1.89	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	379.23M	256.55M	263.45M	265.19M	0.00	275.13M	274.53M	273.47M	0.00	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	379.23M	256.55M	263.45M	265.19M	0.00	275.13M	274.53M	273.47M	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	1,755	1,384	1,385	1,031	533	684	649	553	603	504
Normalized NOPAT Margin	12.86%	11.40%	12.40%	10.90%	6.71%	8.66%	8.61%	7.20%	7.88%	7.00%
Pre Tax Income Margin	16.60%	14.45%	15.40%	13.57%	8.87%	10.79%	10.78%	10.06%	11.71%	10.16%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	4.68	0.00	5.17	0.00	0.00	6.59
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	3.54	0.00	4.13	0.00	0.00	3.85
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	4.43	0.00	4.85	0.00	0.00	6.10
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	3.29	0.00	3.81	0.00	0.00	3.36
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	30.32%	36.24%	16.98%	34.50%	15.79%	45.06%	39.28%	34.01%	30.49%	11.51%
Augmented Payout Ratio	47.62%	75.05%	23.78%	46.38%	80.77%	47.72%	43.09%	42.65%	52.43%	55.88%

This table displays calculated financial ratios and metrics derived from W. R. Berkley's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	8.92%	13.85%	12.20%	10.62%	12.50%	5.66%	11.24%	19.22%	0.51%	18.25%	12.38%
EBITDA Growth	7.20%	49.81%	11.09%	-6.81%	27.86%	-2.30%	41.10%	93.20%	-49.04%	27.49%	-18.72%
EBIT Growth	-6.18%	45.31%	12.98%	6.67%	52.65%	4.76%	46.70%	105.42%	-48.65%	34.91%	-13.85%
NOPAT Growth	-5.58%	44.21%	9.56%	4.54%	49.47%	4.45%	44.67%	98.21%	-50.13%	29.79%	-13.78%
Net Income Growth	-5.58%	44.21%	9.56%	4.54%	49.47%	4.45%	44.67%	98.21%	-50.13%	29.79%	-13.78%
EPS Growth	-4.59%	-1.94%	10.98%	4.54%	54.72%	4.45%	44.67%	98.21%	-50.00%	29.79%	-11.83%
Operating Cash Flow Growth	-0.32%	16.04%	15.20%	24.35%	67.57%	-12.22%	40.31%	34.24%	-6.77%	20.57%	-7.35%
Free Cash Flow Firm Growth	175.06%	-21.47%	-419.91%	-4,410.90%	-239.85%	-139.47%	-123.25%	-103.65%	-48.84%	218.98%	272.18%
Invested Capital Growth	1.16%	9.14%	15.46%	9.04%	8.50%	7.30%	6.01%	3.91%	0.16%	-3.84%	-7.22%
Revenue Q/Q Growth	-3.28%	7.86%	2.61%	1.76%	1.10%	6.29%	1.16%	3.49%	-5.04%	11.91%	8.42%
EBITDA Q/Q Growth	-26.00%	54.51%	9.24%	-14.17%	3.40%	14.58%	-8.36%	17.77%	-20.98%	65.47%	25.47%
EBIT Q/Q Growth	-26.05%	53.50%	-2.71%	-15.05%	14.54%	19.35%	-8.14%	21.57%	-21.39%	67.13%	28.62%
NOPAT Q/Q Growth	-27.46%	57.49%	-1.77%	-15.87%	10.80%	19.65%	-6.27%	20.29%	-22.58%	65.74%	28.42%
Net Income Q/Q Growth	-27.46%	57.49%	-1.77%	-15.87%	10.80%	19.65%	-6.27%	20.29%	-22.58%	65.74%	28.42%
EPS Q/Q Growth	-31.58%	67.03%	-1.09%	-15.87%	5.81%	19.65%	-6.27%	20.29%	-26.90%	65.74%	28.13%
Operating Cash Flow Q/Q Growth	-8.17%	-34.72%	40.78%	18.10%	6.90%	-35.19%	51.97%	59.15%	-44.01%	3.60%	45.40%
Free Cash Flow Firm Q/Q Growth	180.14%	67.96%	-124.94%	-29.95%	-29.68%	-37.15%	-1,851.61%	-104.03%	-63.40%	-19.21%	206.17%
Invested Capital Q/Q Growth	-4.35%	-0.25%	6.14%	-0.10%	3.20%	5.52%	0.23%	-0.59%	2.05%	4.26%	-1.75%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	14.91%	19.49%	13.60%	12.78%	15.15%	14.81%	13.74%	15.17%	13.33%	16.01%	10.83%
EBIT Margin	15.18%	19.86%	13.95%	14.72%	17.63%	15.56%	13.86%	15.26%	12.99%	15.69%	10.51%
Profit (Net Income) Margin	11.76%	15.69%	10.74%	11.22%	13.57%	12.38%	11.00%	11.87%	10.22%	12.53%	8.46%
Tax Burden Percent	77.49%	79.00%	77.00%	76.26%	77.00%	79.60%	79.40%	77.81%	78.64%	79.84%	80.51%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	22.51%	21.00%	23.00%	23.74%	23.00%	20.40%	20.60%	22.19%	21.36%	20.16%	19.49%
Return on Invested Capital (ROIC)	15.32%	19.85%	13.47%	14.13%	16.61%	15.11%	13.88%	14.49%	11.66%	14.28%	9.45%
ROIC Less NNEP Spread (ROIC-NNEP)	15.32%	19.85%	13.47%	14.13%	16.61%	15.11%	13.88%	14.49%	11.66%	14.28%	9.45%
Return on Net Nonoperating Assets (RNNOA)	4.28%	7.10%	4.97%	5.45%	6.38%	6.02%	5.93%	6.12%	4.83%	6.55%	4.43%
Return on Equity (ROE)	19.60%	26.95%	18.44%	19.58%	22.99%	21.13%	19.80%	20.60%	16.49%	20.83%	13.88%
Cash Return on Invested Capital (CROIC)	15.02%	7.54%	0.65%	6.53%	6.82%	6.86%	8.57%	9.38%	10.94%	18.05%	21.04%
Operating Return on Assets (OROA)	5.34%	6.97%	4.81%	5.08%	6.11%	5.32%	4.79%	5.24%	4.37%	5.31%	3.48%
Return on Assets (ROA)	4.14%	5.50%	3.71%	3.88%	4.70%	4.23%	3.81%	4.07%	3.43%	4.24%	2.80%
Return on Common Equity (ROCE)	19.57%	26.91%	18.41%	19.54%	22.94%	21.08%	19.75%	20.53%	16.44%	20.77%	13.84%
Return on Equity Simple (ROE_SIMPLE)	19.41%	0.00%	18.73%	19.89%	19.66%	0.00%	19.77%	18.35%	15.66%	0.00%	20.44%
Net Operating Profit after Tax (NOPAT)	417	575	365	372	442	399	333	356	296	382	230
NOPAT Margin	11.76%	15.69%	10.74%	11.22%	13.57%	12.38%	11.00%	11.87%	10.22%	12.53%	8.46%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	84.82%	80.14%	86.05%	85.28%	82.37%	84.44%	86.14%	84.74%	87.01%	84.31%	89.49%
Earnings before Interest and Taxes (EBIT)	539	728	474	488	574	501	420	457	376	478	286
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	529	715	463	423	493	477	416	454	386	488	295
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.03	2.66	2.56	1.72	1.93	1.58	1.53	1.45	1.52	1.79	1.72
Price to Tangible Book Value (P/TBV)	3.09	2.72	2.62	1.76	1.97	1.62	1.57	1.49	1.56	1.85	1.77
Price to Revenue (P/Rev)	1.94	1.64	1.64	1.04	1.20	0.97	0.88	0.86	0.94	1.08	1.02
Price to Earnings (P/E)	15.59	12.70	13.69	8.67	9.80	8.54	7.75	7.94	9.73	8.77	8.44
Dividend Yield	1.97%	2.39%	2.16%	1.81%	0.76%	2.81%	2.30%	2.37%	2.25%	1.30%	0.91%
Earnings Yield	6.42%	7.87%	7.31%	11.54%	10.20%	11.72%	12.91%	12.60%	10.27%	11.41%	11.84%
Enterprise Value to Invested Capital (EV/IC)	2.52	2.06	2.03	1.38	1.57	1.29	1.21	1.13	1.24	1.41	1.37
Enterprise Value to Revenue (EV/Rev)	1.95	1.70	1.73	1.14	1.33	1.09	0.98	0.95	1.09	1.21	1.18
Enterprise Value to EBITDA (EV/EBITDA)	12.73	11.07	12.32	8.10	9.06	7.66	6.76	6.81	8.67	7.61	7.58
Enterprise Value to EBIT (EV/EBIT)	12.16	10.24	11.22	7.40	8.54	7.57	6.81	6.91	8.93	7.86	7.93
Enterprise Value to NOPAT (EV/NOPAT)	15.67	13.21	14.49	9.48	10.90	9.60	8.62	8.74	11.19	9.76	9.76
Enterprise Value to Operating Cash Flow (EV/OCF)	7.38	6.30	6.41	4.31	5.16	4.53	3.89	4.07	4.80	5.26	5.20
Enterprise Value to Free Cash Flow (EV/FCFF)	16.88	28.53	335.07	22.03	23.94	19.44	14.49	12.32	11.36	7.65	6.28
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.21	0.34	0.34	0.36	0.36	0.38	0.41	0.41	0.41	0.42	0.45
Long-Term Debt to Equity	0.21	0.34	0.34	0.36	0.36	0.38	0.41	0.41	0.41	0.42	0.45
Financial Leverage	0.28	0.36	0.37	0.39	0.38	0.40	0.43	0.42	0.41	0.46	0.47
Leverage Ratio	4.74	4.90	4.98	5.05	4.89	4.99	5.20	5.06	4.80	4.91	4.96
Compound Leverage Factor	4.74	4.90	4.98	5.05	4.89	4.99	5.20	5.06	4.80	4.91	4.96
Debt to Total Capital	17.03%	25.26%	25.16%	26.71%	26.68%	27.53%	29.05%	29.10%	28.94%	29.54%	30.86%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%
Long-Term Debt to Total Capital	17.03%	25.26%	25.16%	26.71%	26.68%	27.53%	29.05%	29.10%	28.94%	29.54%	30.85%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.11%	0.11%	0.12%	0.12%	0.13%	0.13%	0.15%	0.22%	0.22%	0.21%	0.26%
Common Equity to Total Capital	82.85%	74.63%	74.72%	73.17%	73.19%	72.34%	70.81%	70.68%	70.84%	70.26%	68.88%
Debt to EBITDA	0.86	1.36	1.53	1.57	1.54	1.64	1.63	1.75	2.02	1.60	1.70
Net Debt to EBITDA	0.05	0.41	0.68	0.69	0.91	0.85	0.68	0.62	1.14	0.78	1.03
Long-Term Debt to EBITDA	0.86	1.36	1.53	1.57	1.54	1.64	1.63	1.75	2.02	1.60	1.70
Debt to NOPAT	1.06	1.62	1.80	1.84	1.85	2.05	2.08	2.24	2.61	2.05	2.19
Net Debt to NOPAT	0.07	0.49	0.80	0.81	1.09	1.07	0.87	0.80	1.47	1.00	1.32
Long-Term Debt to NOPAT	1.06	1.62	1.80	1.84	1.85	2.05	2.08	2.24	2.61	2.05	2.19
Noncontrolling Interest Sharing Ratio	0.16%	0.16%	0.18%	0.23%	0.24%	0.24%	0.29%	0.32%	0.32%	0.26%	0.30%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	294	-367	-1,145	-509	-392	-302	-220	-11	280	765	947
Operating Cash Flow to CapEx	4,591.18%	5,805.44%	9,398.35%	3,651.97%	1,373.40%	6,373.38%	6,564.84%	4,995.39%	3,861.63%	4,567.02%	5,797.09%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.35	0.35	0.35	0.35	0.35	0.34	0.35	0.34	0.34	0.34	0.33
Fixed Asset Turnover	29.37	30.13	29.26	28.56	28.17	28.57	28.59	27.89	26.65	26.49	25.64
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	10,759	11,248	11,277	10,625	10,636	10,306	9,767	9,744	9,802	9,605	9,213
Invested Capital Turnover	1.30	1.27	1.25	1.26	1.22	1.22	1.26	1.22	1.14	1.14	1.12
Increase / (Decrease) in Invested Capital	123	942	1,510	881	834	701	554	367	16	-383	-717
Enterprise Value (EV)	27,111	23,179	22,866	14,664	16,675	13,279	11,787	11,049	12,172	13,517	12,655
Market Capitalization	26,986	22,300	21,589	13,393	14,993	11,791	10,582	10,015	10,557	12,109	10,919
Book Value per Share	$23.51	$22.03	$22.14	$30.41	$30.45	$28.91	$26.85	$26.41	$26.36	$25.42	$23.92
Tangible Book Value per Share	$23.02	$21.55	$21.66	$29.69	$29.77	$28.23	$26.18	$25.74	$25.65	$24.72	$23.28
Total Capital	10,759	11,248	11,277	10,625	10,636	10,306	9,767	9,744	9,802	9,605	9,213
Total Debt	1,833	2,841	2,837	2,838	2,837	2,837	2,837	2,836	2,837	2,837	2,843
Total Long-Term Debt	1,833	2,841	2,837	2,838	2,837	2,837	2,837	2,836	2,837	2,837	2,842
Net Debt	113	866	1,264	1,258	1,668	1,474	1,191	1,012	1,594	1,388	1,713
Capital Expenditures (CapEx)	16	14	13	24	54	11	16	14	12	17	13
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	1,833	2,841	2,837	2,838	2,837	2,837	2,837	2,836	2,837	2,837	2,843
Total Depreciation and Amortization (D&A)	-9.79	-14	-12	-64	-81	-24	-3.61	-2.84	9.74	9.84	8.80
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.05	$1.52	$0.92	$0.93	$1.65	$1.55	$1.24	$1.32	$1.07	$1.45	$0.83
Adjusted Weighted Average Basic Shares Outstanding	379.36M	379.23M	381.07M	380.55M	255.66M	256.55M	257.87M	257.52M	260.77M	263.45M	265.48M
Adjusted Diluted Earnings per Share	$1.04	$1.52	$0.91	$0.92	$1.64	$1.55	$1.23	$1.30	$1.06	$1.45	$0.82
Adjusted Weighted Average Diluted Shares Outstanding	379.36M	379.23M	381.07M	380.55M	255.66M	256.55M	257.87M	257.52M	260.77M	263.45M	265.48M
Adjusted Basic & Diluted Earnings per Share	$0.00	$1.52	$0.00	$0.00	$0.00	$1.55	$0.00	$0.00	$0.00	$1.45	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	379.36M	379.23M	381.07M	380.55M	255.66M	256.55M	257.87M	257.52M	260.77M	263.45M	265.48M
Normalized Net Operating Profit after Tax (NOPAT)	417	575	365	372	442	399	333	356	296	382	230
Normalized NOPAT Margin	11.76%	15.69%	10.74%	11.22%	13.57%	12.38%	11.00%	11.87%	10.22%	12.53%	8.46%
Pre Tax Income Margin	15.18%	19.86%	13.95%	14.72%	17.63%	15.56%	13.86%	15.26%	12.99%	15.69%	10.51%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	30.87%	30.32%	39.67%	32.35%	24.25%	36.24%	17.56%	31.58%	34.09%	16.98%	29.43%
Augmented Payout Ratio	51.27%	47.62%	61.39%	53.91%	50.52%	75.05%	55.46%	72.86%	55.17%	23.78%	29.94%

Frequently Asked Questions About W. R. Berkley's Financials

When does W. R. Berkley's financial year end?

According to the most recent income statement we have on file, W. R. Berkley's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has W. R. Berkley's net income changed over the last 9 years?

W. R. Berkley's net income appears to be on an upward trend, with a most recent value of $1.75 billion in 2024, rising from $504.11 million in 2015. The previous period was $1.38 billion in 2023. Check out W. R. Berkley's forecast to explore projected trends and price targets.

How has W. R. Berkley revenue changed over the last 9 years?

Over the last 9 years, W. R. Berkley's total revenue changed from $7.21 billion in 2015 to $13.64 billion in 2024, a change of 89.3%.

How much debt does W. R. Berkley have?

W. R. Berkley's total liabilities were at $32.16 billion at the end of 2024, a 8.2% increase from 2023, and a 75.9% increase since 2015.

How much cash does W. R. Berkley have?

In the past 9 years, W. R. Berkley's cash and equivalents has ranged from $795.29 million in 2015 to $2.37 billion in 2020, and is currently $1.97 billion as of their latest financial filing in 2024.

How has W. R. Berkley's book value per share changed over the last 9 years?

Over the last 9 years, W. R. Berkley's book value per share changed from 40.94 in 2015 to 22.03 in 2024, a change of -46.2%.

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This page (NYSE:WRB) was last updated on 5/25/2025 by MarketBeat.com Staff

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W. R. Berkley (WRB) Financials

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W. R. Berkley (WRB) Financials

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