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W.R. Berkley (WRB) Financials

W.R. Berkley logo
$66.56 +0.44 (+0.66%)
Closing price 03:59 PM Eastern
Extended Trading
$66.61 +0.05 (+0.08%)
As of 07:22 PM Eastern
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Annual Income Statements for W.R. Berkley

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 504 602 549 641 682 531 1,022 1,381 1,381 1,756 1,779
Consolidated Net Income / (Loss)		 504 603 553 649 684 533 1,031 1,385 1,384 1,755 1,785
Net Income / (Loss) Continuing Operations		 504 603 553 649 684 533 1,031 1,385 1,384 1,755 1,785
Total Pre-Tax Income 		732 896 773 812 853 705 1,283 1,720 1,754 2,264 2,281
Total Revenue		 7,206 7,654 7,685 7,534 7,902 7,948 9,455 11,166 12,143 13,639 14,708
Net Interest Income / (Expense)		 -131 0.00 0.00 -157 0.00 -151 0.00 0.00 0.00 0.00 0.00
Total Interest Income		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Interest Expense		 131 0.00 0.00 157 0.00 151 0.00 0.00 0.00 0.00 0.00
Total Non-Interest Income		 7,206 7,654 7,685 7,692 7,902 8,099 9,455 11,166 12,096 13,521 14,708
Other Service Charges		 140 139 136 118 96 91 98 114 107 111 122
Net Realized & Unrealized Capital Gains on Investments		 605 831 912 829 766 687 762 982 1,053 1,333 1,561
Premiums Earned		 6,041 6,293 6,311 6,372 6,633 6,931 8,106 9,561 10,401 11,548 12,447
Other Non-Interest Income		 421 390 326 373 407 390 489 510 536 528 577
Total Non-Interest Expense		 6,343 6,758 6,912 6,722 7,049 7,244 8,173 9,447 10,389 11,374 12,427
Property & Liability Insurance Claims		 3,656 3,846 4,002 3,975 4,131 4,469 4,954 5,862 6,372 7,132 7,772
Other Operating Expenses		 2,687 2,912 2,910 2,748 2,918 2,775 3,219 3,585 4,016 4,243 4,656
Income Tax Expense		 228 293 219 163 169 172 252 335 371 510 496
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.41 1.57 4.24 8.32 2.04 2.32 8.53 3.89 2.49 -1.54 5.38
Basic Earnings per Share		 $4.06 $4.91 $2.93 $3.37 $3.58 $1.89 $3.69 $3.33 $3.40 $4.39 $4.48
Weighted Average Basic Shares Outstanding		 121.21M - 124.84M 126.70M 183.42M 126.70M 183.42M 263.45M 256.55M 379.23M 374.49M
Diluted Earnings per Share		 $3.87 $4.68 $2.84 $3.33 $3.52 $1.87 $3.66 $3.29 $3.37 $4.36 $4.45
Weighted Average Diluted Shares Outstanding		 121.21M - 124.84M 126.70M 183.42M 126.70M 183.42M 263.45M 256.55M 379.23M 374.49M
Weighted Average Basic & Diluted Shares Outstanding		 121.21M - 124.84M 126.70M 183.42M 126.70M 183.42M 263.45M 256.55M 379.23M 374.49M
Cash Dividends to Common per Share		 - - $1.03 $1.39 $1.68 $0.47 $2.01 - $1.29 $1.40 $1.85

Quarterly Income Statements for W.R. Berkley

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 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 334 397 442 372 366 576 418 401 511 450 515
Consolidated Net Income / (Loss)		 333 399 442 372 365 575 417 401 512 455 516
Net Income / (Loss) Continuing Operations		 333 399 442 372 365 575 417 401 512 455 516
Total Pre-Tax Income 		420 501 574 488 474 728 539 522 648 572 616
Total Revenue		 3,031 3,221 3,257 3,314 3,400 3,668 3,547 3,671 3,768 3,721 3,690
Net Interest Income / (Expense)		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 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 - 0.00
Total Non-Interest Income		 3,031 3,211 3,231 3,314 3,408 3,668 3,531 3,640 3,768 3,752 3,706
Other Service Charges		 23 25 26 28 29 28 29 34 31 28 30
Net Realized & Unrealized Capital Gains on Investments		 229 311 320 314 324 476 360 379 430 375 404
Premiums Earned		 2,642 2,715 2,764 2,846 2,927 3,011 3,012 3,098 3,156 3,180 3,115
Other Non-Interest Income		 137 160 121 126 129 153 129 129 150 169 157
Total Non-Interest Expense		 2,611 2,720 2,683 2,826 2,926 2,939 3,009 3,149 3,120 3,149 3,074
Property & Liability Insurance Claims		 1,636 1,628 1,664 1,781 1,826 1,861 1,901 1,955 1,969 1,947 1,936
Other Operating Expenses		 974 1,093 1,019 1,046 1,100 1,078 1,108 1,194 1,151 1,203 1,138
Income Tax Expense		 87 102 132 116 109 153 121 121 136 117 101
Net Income / (Loss) Attributable to Noncontrolling Interest		 -0.16 1.62 -0.44 -0.02 -0.32 -0.76 -0.22 -0.58 0.94 5.24 0.36
Basic Earnings per Share		 $0.83 $1.55 $1.10 $0.93 $0.92 $1.52 $1.05 $1.01 $1.29 $1.20 $1.31
Weighted Average Basic Shares Outstanding		 257.87M 256.55M 255.66M 380.55M 381.07M 379.23M 379.36M 379.29M 380.02M 374.49M 372.28M
Diluted Earnings per Share		 $0.82 $1.55 $1.09 $0.92 $0.91 $1.52 $1.04 $1.00 $1.28 $1.20 $1.31
Weighted Average Diluted Shares Outstanding		 257.87M 256.55M 255.66M 380.55M 381.07M 379.23M 379.36M 379.29M 380.02M 374.49M 372.28M
Weighted Average Basic & Diluted Shares Outstanding		 257.87M 256.55M 255.66M 380.55M 381.07M 379.23M 379.36M 379.29M 380.02M 374.49M 372.28M
Cash Dividends to Common per Share		 - $1.23 - $0.41 - $0.58 $0.08 - - $1.10 $0.09

Annual Cash Flow Statements for W.R. Berkley

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 89 32 155 -133 206 1,349 -804 -119 -86 612 565
Net Cash From Operating Activities		 881 848 711 620 1,144 1,617 2,184 2,569 2,929 3,678 3,583
Net Cash From Continuing Operating Activities		 881 848 711 620 1,144 1,617 2,184 2,569 2,929 3,678 3,583
Net Income / (Loss) Continuing Operations		 504 602 549 641 682 531 1,022 1,381 1,381 1,756 1,779
Consolidated Net Income / (Loss)		 504 602 549 641 682 531 1,022 1,381 1,381 1,756 1,779
Depreciation Expense		 85 86 113 131 113 135 130 56 -21 -171 -48
Non-Cash Adjustments to Reconcile Net Income		 -122 -328 -360 -135 -139 -105 -255 -294 -10 -53 -100
Changes in Operating Assets and Liabilities, net		 414 488 409 -17 487 1,056 1,287 1,426 1,579 2,146 1,951
Net Cash From Investing Activities		 -171 -794 -333 -714 -425 120 -2,989 -1,891 -1,962 -2,184 -2,029
Net Cash From Continuing Investing Activities		 -171 -794 -333 -714 -425 120 -2,989 -1,891 -1,962 -2,184 -2,029
Purchase of Property, Leasehold Improvements and Equipment		 -64 -51 -116 -50 -60 -38 -67 -53 -53 -106 -170
Purchase of Investment Securities		 -4,666 -5,930 -8,275 -7,377 -5,474 -7,626 -10,941 -8,556 -6,808 -9,719 -8,680
Divestitures		 0.00 250 0.00 8.66 - 0.00 0.00 907 97 0.00 0.00
Sale and/or Maturity of Investments		 4,581 4,915 8,062 6,700 5,107 7,810 8,036 5,796 4,837 7,533 6,892
Other Investing Activities, net		 -23 21 -4.37 4.26 2.84 -27 -18 14 -34 107 -71
Net Cash From Financing Activities		 -555 -6.93 -235 -7.40 -513 -398 5.83 -772 -1,062 -852 -1,026
Net Cash From Continuing Financing Activities		 -555 -6.93 -235 -7.40 -513 -398 5.83 -772 -1,062 -852 -1,026
Issuance of Debt		 9.06 389 6.98 295 291 742 1,034 0.00 0.98 3.11 0.00
Repayment of Debt		 -281 -75 -0.02 -22 -456 -653 -505 -430 -1.95 0.00 -2.06
Repurchase of Common Equity		 -224 -132 -48 -25 -18 -346 -122 -94 -537 -304 -270
Payment of Dividends		 -58 -184 -188 -255 -308 -84 -356 -235 -501 -532 -700
Other Financing Activities, Net		 -1.60 -3.82 -6.04 - -21 -56 -45 -13 -23 -20 -54
Effect of Exchange Rate Changes		 -66 -15 13 -31 0.38 10 -4.20 -25 9.07 -30 38

Quarterly Cash Flow Statements for W.R. Berkley

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 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -177 -283 -194 411 -7.03 402 -255 264 419 136 -259
Net Cash From Operating Activities		 1,077 698 746 881 1,241 810 744 704 1,140 995 668
Net Cash From Continuing Operating Activities		 1,077 698 746 881 1,241 810 744 704 1,140 995 668
Net Income / (Loss) Continuing Operations		 334 397 442 372 366 576 418 401 511 450 515
Consolidated Net Income / (Loss)		 334 397 442 372 366 576 418 401 511 450 515
Depreciation Expense		 -3.61 -24 -81 -64 -12 -14 -9.79 -14 -9.07 -15 -15
Non-Cash Adjustments to Reconcile Net Income		 51 -4.27 16 47 16 -133 -31 -44 -70 45 -10
Changes in Operating Assets and Liabilities, net		 697 329 368 527 871 380 367 360 708 516 178
Net Cash From Investing Activities		 -1,235 -565 -905 -87 -1,105 -87 -924 -234 -628 -243 -589
Net Cash From Continuing Investing Activities		 -1,235 -565 -905 -87 -1,105 -87 -924 -234 -628 -243 -589
Purchase of Property, Leasehold Improvements and Equipment		 -16 -11 -54 -24 -13 -14 - -21 -17 -116 28
Purchase of Investment Securities		 -2,268 -1,638 -2,431 -2,174 -3,027 -2,115 -2,561 -1,805 -2,727 -1,587 -2,406
Sale and/or Maturity of Investments		 1,141 1,123 1,510 2,016 1,978 2,057 1,638 1,660 2,002 1,591 1,632
Other Investing Activities, net		 -92 -42 70 95 -43 -15 15 -69 114 -131 158
Net Cash From Financing Activities		 -23 -424 -30 -378 -154 -291 -81 -232 -95 -618 -339
Net Cash From Continuing Financing Activities		 -23 -424 -30 -378 -154 -291 -81 -232 -95 -618 -339
Issuance of Debt		 0.94 -0.12 0.02 0.40 -0.42 3.11 1.64 -1.21 - - 1.11
Repurchase of Common Equity		 -2.92 -107 0.00 -224 -12 -67 -49 - -25 -196 -302
Payment of Dividends		 - -315 -28 -158 -126 -220 -30 -224 -34 -412 -34
Other Financing Activities, Net		 -21 -2.36 -1.51 2.45 -15 -6.04 -3.51 -6.67 -34 -9.43 -4.08
Effect of Exchange Rate Changes		 3.62 8.11 -5.56 -4.50 11 -31 7.47 26 2.52 1.93 0.84

Annual Balance Sheets for W.R. Berkley

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2016 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 23,365 23,365 24,300 24,896 26,662 28,607 32,086 33,861 37,202 40,567 43,927
Cash and Due from Banks		 795 795 950 818 1,024 2,372 1,569 1,449 1,363 1,975 2,540
Trading Account Securities		 15,358 15,358 15,901 15,671 2,095 16,094 19,025 20,382 22,890 25,070 27,768
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		 127 127 137 144 139 120 123 167 213 244 255
Premises and Equipment, Net		 349 349 423 416 422 406 420 423 427 479 596
Mortgage Servicing Rights		 107 107 80 95 92 85 115 193 201 405 419
Unearned Premiums Asset		 2,115 2,115 2,246 2,307 4,698 2,816 6,123 3,476 3,868 4,090 4,299
Deferred Acquisition Cost		 538 538 508 498 517 556 676 763 862 952 1,001
Goodwill		 145 145 179 173 170 170 170 186 175 184 184
Other Assets		 3,831 3,831 3,877 4,774 17,505 5,987 3,866 6,822 7,203 7,169 6,865
Total Liabilities & Shareholders' Equity		 23,365 23,365 24,300 24,896 26,662 28,607 32,086 33,861 37,202 40,567 43,927
Total Liabilities		 18,284 18,284 18,849 19,416 20,544 22,281 25,419 27,093 29,733 32,160 34,215
Long-Term Debt		 2,488 2,488 2,497 2,790 2,626 2,725 3,267 2,837 2,837 2,841 1,829
Claims and Claim Expense		 11,197 11,197 11,670 11,966 12,583 13,784 15,391 17,011 18,740 20,368 22,208
Unearned Premiums Liability		 3,283 3,283 3,290 3,360 3,657 4,073 4,847 5,298 5,922 6,375 6,722
Other Long-Term Liabilities		 1,315 1,315 1,391 1,300 1,668 1,698 1,860 1,947 2,234 2,576 3,456
Total Equity & Noncontrolling Interests		 5,081 5,081 5,451 5,480 6,118 6,326 6,668 6,768 7,469 8,407 9,712
Total Preferred & Common Equity		 5,047 5,047 5,411 5,438 6,075 6,311 6,653 6,748 7,455 8,395 9,701
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		 5,047 5,047 5,411 5,438 6,075 6,311 6,653 6,748 7,455 8,395 9,701
Common Stock		 1,084 1,084 1,095 1,110 1,127 1,083 1,087 1,103 1,123 1,144 1,146
Retained Earnings		 6,596 6,596 6,957 7,559 7,932 8,348 9,015 10,161 11,041 12,265 13,344
Treasury Stock		 -2,689 -2,689 -2,709 -2,720 -2,727 -3,058 -3,167 -3,251 -3,783 -4,079 -4,339
Accumulated Other Comprehensive Income / (Loss)		 56 56 69 -510 -257 -62 -282 -1,265 -926 -934 -451
Other Equity Adjustments		 - - - - - - - - - - 0.00
Noncontrolling Interest		 34 34 40 42 43 15 15 20 14 12 11

Quarterly Balance Sheets for W.R. Berkley

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 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 35,309 36,111 37,202 37,851 38,910 40,359 40,567 41,346 42,658 43,715 44,316
Cash and Due from Banks		 1,824 1,646 1,363 1,169 1,580 1,573 1,975 1,720 1,985 2,404 2,281
Trading Account Securities		 20,890 21,818 22,890 23,699 2,667 2,656 2,672 26,246 26,848 27,761 28,376
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		 185 201 213 218 225 234 244 236 259 249 246
Premises and Equipment, Net		 421 423 427 467 477 478 479 482 490 493 567
Mortgage Servicing Rights		 182 178 201 229 349 390 405 420 324 327 441
Unearned Premiums Asset		 7,241 3,861 3,868 7,439 7,748 7,724 7,648 4,133 4,520 7,892 4,342
Deferred Acquisition Cost		 830 854 862 889 939 958 952 978 1,017 1,031 1,013
Goodwill		 175 175 175 175 184 184 184 184 184 184 184
Other Assets		 3,563 6,955 7,203 3,568 24,740 26,163 26,009 6,946 7,030 3,374 6,866
Total Liabilities & Shareholders' Equity		 35,309 36,111 37,202 37,851 38,910 40,359 40,567 41,346 42,658 43,715 44,316
Total Liabilities		 28,400 29,181 29,733 30,053 31,123 31,920 32,160 32,419 33,353 33,910 34,565
Long-Term Debt		 2,836 2,837 2,837 2,837 2,838 2,837 2,841 1,833 1,832 3,549 1,830
Claims and Claim Expense		 17,920 18,273 18,740 19,100 19,567 20,155 20,368 20,922 21,496 21,757 22,616
Unearned Premiums Liability		 5,698 5,900 5,922 5,997 6,333 6,490 6,375 6,494 6,818 6,910 6,777
Other Long-Term Liabilities		 1,946 2,171 2,234 2,119 2,385 2,438 2,576 3,170 3,207 1,695 3,342
Total Equity & Noncontrolling Interests		 6,908 6,930 7,469 7,799 7,787 8,439 8,407 8,926 9,305 9,805 9,751
Total Preferred & Common Equity		 6,887 6,916 7,455 7,785 7,774 8,426 8,395 8,914 9,295 9,799 9,740
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		 6,887 6,916 7,455 7,785 7,774 8,426 8,395 8,914 9,295 9,799 9,740
Common Stock		 1,127 1,114 1,123 1,136 1,146 1,132 1,144 1,152 1,164 1,141 1,159
Retained Earnings		 10,625 10,801 11,041 11,455 11,670 11,909 12,265 12,652 12,830 13,307 13,826
Treasury Stock		 -3,682 -3,676 -3,783 -3,783 -4,008 -4,012 -4,079 -4,128 -4,127 -4,142 -4,644
Accumulated Other Comprehensive Income / (Loss)		 -1,182 -1,323 -926 -1,024 -1,034 -603 -934 -762 -572 -506 -601
Other Equity Adjustments		 - - - - - - - - - - 0.00
Noncontrolling Interest		 21 14 14 14 13 13 12 12 10 6.11 11

Annual Metrics And Ratios for W.R. Berkley

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 - - - - - - - - - - 380,021,174.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 380,021,174.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 4.70
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 2.94% 6.21% 0.40% -1.96% 4.88% 0.58% 18.96% 18.10% 8.74% 12.32% 7.84%
EBITDA Growth		 -8.93% 3.63% -9.85% 6.49% 2.45% -13.08% 68.19% 25.70% -2.37% 20.78% 6.62%
EBIT Growth		 -9.37% 3.88% -13.80% 5.09% 5.03% -17.37% 82.02% 34.05% 2.02% 29.07% 0.71%
NOPAT Growth		 -22.40% 19.71% -8.31% 17.30% 5.38% -22.08% 93.44% 34.33% -0.08% 26.79% 1.72%
Net Income Growth		 -22.40% 19.71% -8.31% 17.30% 5.38% -22.08% 93.44% 34.33% -0.08% 26.79% 1.72%
EPS Growth		 -20.37% 20.93% -8.31% 17.30% 5.71% -22.08% 93.44% 34.33% -0.08% 29.38% 2.06%
Operating Cash Flow Growth		 19.93% -3.74% -16.21% -12.76% 84.42% 41.34% 35.09% 17.61% 14.04% 25.57% -2.60%
Free Cash Flow Firm Growth		 150.80% 4,070.88% -71.12% 88.33% -36.41% 8.53% -58.62% 1,786.67% -61.37% 18.97% -40.73%
Invested Capital Growth		 6.92% 0.00% 5.01% 4.04% 5.75% 3.51% 10.36% -3.84% 7.30% 9.14% 11.59%
Revenue Q/Q Growth		 1.82% 2.20% -0.45% -2.76% 2.90% 1.86% 4.61% 4.40% 1.44% 3.38% 0.37%
EBITDA Q/Q Growth		 14.32% -5.59% -1.39% -1.98% 0.10% 35.52% -3.77% 6.30% -0.64% 12.80% -6.61%
EBIT Q/Q Growth		 16.85% -5.81% -3.79% -4.56% -1.83% 55.88% -3.37% 7.76% 1.32% 11.15% -6.42%
NOPAT Q/Q Growth		 -0.21% 7.82% 0.47% -2.99% -2.35% 56.63% -1.73% 6.76% 1.24% 11.18% -6.33%
Net Income Q/Q Growth		 -0.21% 7.82% 0.47% -2.99% -2.35% 56.63% -1.73% 6.76% 1.24% 11.18% -6.33%
EPS Q/Q Growth		 0.26% 1.74% 0.47% -2.99% -6.88% 56.63% -1.73% 6.76% 1.24% 5.31% -11.35%
Operating Cash Flow Q/Q Growth		 12.93% -14.09% 10.43% 16.68% 6.63% 8.82% 8.97% 5.58% -3.21% 3.14% 5.45%
Free Cash Flow Firm Q/Q Growth		 -98.57% 727.66% 298.00% -27.21% -52.04% 168.63% -59.58% -12.21% -16.03% 1,090.53% 380.95%
Invested Capital Q/Q Growth		 11.38% 1.58% -0.13% 1.13% 3.58% -0.67% 0.59% 4.26% 5.52% -0.25% -6.01%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 13.16% 12.84% 11.53% 12.52% 12.23% 10.57% 14.94% 15.90% 14.28% 15.35% 15.18%
EBIT Margin		 11.98% 11.71% 10.06% 10.78% 10.79% 8.87% 13.57% 15.40% 14.45% 16.60% 15.51%
Profit (Net Income) Margin		 7.00% 7.88% 7.20% 8.61% 8.66% 6.71% 10.90% 12.40% 11.40% 12.86% 12.13%
Tax Burden Percent		 68.86% 67.32% 71.60% 79.93% 80.19% 75.62% 80.37% 80.54% 78.88% 77.48% 78.26%
Interest Burden Percent		 84.83% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 31.14% 32.68% 28.40% 20.08% 19.81% 24.38% 19.63% 19.46% 21.12% 22.52% 21.74%
Return on Invested Capital (ROIC)		 6.88% 7.97% 7.13% 8.00% 8.04% 5.99% 10.83% 14.14% 13.90% 16.28% 15.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 6.88% 7.97% 7.13% 8.00% 8.04% 5.99% 10.83% 14.14% 13.90% 16.28% 15.00%
Return on Net Nonoperating Assets (RNNOA)		 3.51% 3.90% 3.38% 3.87% 3.75% 2.58% 5.04% 6.48% 5.54% 5.82% 4.70%
Return on Equity (ROE)		 10.39% 11.88% 10.51% 11.88% 11.79% 8.57% 15.87% 20.62% 19.44% 22.10% 19.70%
Cash Return on Invested Capital (CROIC)		 0.20% 7.97% 2.25% 4.05% 2.45% 2.55% 0.98% 18.05% 6.86% 7.54% 4.05%
Operating Return on Assets (OROA)		 3.83% 3.84% 3.24% 3.30% 3.31% 2.55% 4.23% 5.22% 4.94% 5.82% 5.39%
Return on Assets (ROA)		 2.24% 2.58% 2.32% 2.64% 2.65% 1.93% 3.40% 4.20% 3.89% 4.51% 4.22%
Return on Common Equity (ROCE)		 10.32% 11.80% 10.43% 11.79% 11.71% 8.53% 15.83% 20.56% 19.39% 22.07% 19.67%
Return on Equity Simple (ROE_SIMPLE)		 9.99% 11.96% 10.23% 11.94% 11.26% 8.45% 15.50% 20.52% 18.56% 20.90% 18.40%
Net Operating Profit after Tax (NOPAT)		 504 603 553 649 684 533 1,031 1,385 1,384 1,755 1,785
NOPAT Margin		 7.00% 7.88% 7.20% 8.61% 8.66% 6.71% 10.90% 12.40% 11.40% 12.86% 12.13%
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		 88.03% 88.29% 89.94% 89.22% 89.21% 91.13% 86.43% 84.60% 85.55% 83.40% 84.49%
Earnings before Interest and Taxes (EBIT)		 863 896 773 812 853 705 1,283 1,720 1,754 2,264 2,281
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 948 982 886 943 966 840 1,413 1,776 1,734 2,094 2,232
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.74 0.90 0.93 0.99 1.27 1.15 1.38 1.79 1.58 2.66 2.74
Price to Tangible Book Value (P/TBV)		 0.76 0.93 0.96 1.02 1.31 1.18 1.41 1.85 1.62 2.72 2.80
Price to Revenue (P/Rev)		 0.52 0.60 0.66 0.71 0.98 0.91 0.97 1.08 0.97 1.64 1.81
Price to Earnings (P/E)		 7.37 7.57 9.18 8.36 11.32 13.68 8.96 8.77 8.54 12.70 14.96
Dividend Yield		 4.88% 3.67% 3.07% 4.08% 1.02% 1.15% 1.21% 1.30% 2.81% 2.39% 2.64%
Earnings Yield		 13.57% 13.20% 10.89% 11.96% 8.83% 7.31% 11.16% 11.41% 11.72% 7.87% 6.69%
Enterprise Value to Invested Capital (EV/IC)		 0.72 0.83 0.83 0.89 1.07 0.84 1.09 1.41 1.29 2.06 2.15
Enterprise Value to Revenue (EV/Rev)		 0.75 0.82 0.86 0.98 1.19 0.96 1.16 1.21 1.09 1.70 1.83
Enterprise Value to EBITDA (EV/EBITDA)		 5.74 6.40 7.48 7.81 9.70 9.08 7.74 7.61 7.66 11.07 12.06
Enterprise Value to EBIT (EV/EBIT)		 6.30 7.01 8.58 9.08 10.98 10.82 8.52 7.86 7.57 10.24 11.81
Enterprise Value to NOPAT (EV/NOPAT)		 10.79 10.42 11.98 11.35 13.70 14.31 10.60 9.76 9.60 13.21 15.09
Enterprise Value to Operating Cash Flow (EV/OCF)		 6.17 7.41 9.32 11.88 8.19 4.72 5.00 5.26 4.53 6.30 7.52
Enterprise Value to Free Cash Flow (EV/FCFF)		 375.88 10.42 38.03 22.46 44.89 33.67 116.64 7.65 19.44 28.53 55.91
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.49 0.49 0.46 0.51 0.43 0.43 0.50 0.42 0.38 0.34 0.29
Long-Term Debt to Equity		 0.49 0.49 0.46 0.51 0.43 0.43 0.49 0.42 0.38 0.34 0.29
Financial Leverage		 0.51 0.49 0.47 0.48 0.47 0.43 0.47 0.46 0.40 0.36 0.31
Leverage Ratio		 4.65 4.60 4.53 4.50 4.45 4.44 4.67 4.91 4.99 4.90 4.67
Compound Leverage Factor		 3.94 4.60 4.53 4.50 4.45 4.44 4.67 4.91 4.99 4.90 4.67
Debt to Total Capital		 32.87% 32.87% 31.42% 33.73% 30.03% 30.11% 33.25% 29.54% 27.53% 25.26% 22.62%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.54% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 32.87% 32.87% 31.42% 33.73% 30.03% 30.11% 32.71% 29.54% 27.53% 25.26% 22.62%
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		 0.45% 0.45% 0.50% 0.51% 0.50% 0.17% 0.15% 0.21% 0.13% 0.11% 0.09%
Common Equity to Total Capital		 66.68% 66.68% 68.08% 65.76% 69.47% 69.72% 66.61% 70.26% 72.34% 74.63% 77.29%
Debt to EBITDA		 2.62 2.53 2.82 2.96 2.72 3.25 2.35 1.60 1.64 1.36 1.27
Net Debt to EBITDA		 1.79 1.72 1.75 2.09 1.66 0.42 1.24 0.78 0.85 0.41 0.13
Long-Term Debt to EBITDA		 2.62 2.53 2.82 2.96 2.72 3.25 2.31 1.60 1.64 1.36 1.27
Debt to NOPAT		 4.94 4.12 4.51 4.30 3.84 5.11 3.22 2.05 2.05 1.62 1.59
Net Debt to NOPAT		 3.36 2.81 2.80 3.04 2.34 0.66 1.70 1.00 1.07 0.49 0.17
Long-Term Debt to NOPAT		 4.94 4.12 4.51 4.30 3.84 5.11 3.17 2.05 2.05 1.62 1.59
Noncontrolling Interest Sharing Ratio		 0.70% 0.67% 0.70% 0.75% 0.74% 0.47% 0.23% 0.26% 0.24% 0.16% 0.13%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 14 603 174 328 209 226 94 1,768 683 812 482
Operating Cash Flow to CapEx		 1,386.53% 1,669.08% 614.32% 1,243.88% 1,891.91% 4,235.38% 3,277.59% 4,875.49% 5,518.53% 3,482.54% 2,107.50%
Free Cash Flow to Firm to Interest Expense		 0.11 0.00 0.00 2.09 0.00 1.50 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 6.73 0.00 0.00 3.95 0.00 10.74 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 6.24 0.00 0.00 3.63 0.00 10.49 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.32 0.33 0.32 0.31 0.31 0.29 0.31 0.34 0.34 0.35 0.35
Fixed Asset Turnover		 21.15 21.90 19.90 17.95 18.85 19.20 22.90 26.49 28.57 30.13 27.37
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 7,569 7,569 7,948 8,269 8,745 9,051 9,988 9,605 10,306 11,248 12,552
Invested Capital Turnover		 0.98 1.01 0.99 0.93 0.93 0.89 0.99 1.14 1.22 1.27 1.24
Increase / (Decrease) in Invested Capital		 490 0.00 379 321 475 307 937 -383 701 942 1,303
Enterprise Value (EV)		 5,439 6,285 6,628 7,370 9,368 7,626 10,930 13,517 13,279 23,179 26,924
Market Capitalization		 3,712 4,558 5,041 5,356 7,723 7,258 9,164 12,109 11,791 22,300 26,613
Book Value per Share		 $40.94 $41.58 $44.43 $44.53 $33.07 $35.41 $37.66 $25.42 $28.91 $22.03 $25.53
Tangible Book Value per Share		 $39.77 $40.39 $42.96 $43.11 $32.15 $34.46 $36.70 $24.72 $28.23 $21.55 $25.04
Total Capital		 7,569 7,569 7,948 8,269 8,745 9,051 9,988 9,605 10,306 11,248 12,552
Total Debt		 2,488 2,488 2,497 2,790 2,626 2,725 3,321 2,837 2,837 2,841 2,840
Total Long-Term Debt		 2,488 2,488 2,497 2,790 2,626 2,725 3,267 2,837 2,837 2,841 2,840
Net Debt		 1,693 1,693 1,547 1,972 1,603 353 1,752 1,388 1,474 866 300
Capital Expenditures (CapEx)		 64 51 116 50 60 38 67 53 53 106 170
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)		 2,488 2,488 2,497 2,790 2,626 2,725 3,321 2,837 2,837 2,841 2,840
Total Depreciation and Amortization (D&A)		 85 86 113 131 113 135 130 56 -21 -171 -48
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $1.96 $2.25 $2.39 $0.00 $3.69 $4.99 $5.10 $4.39 $4.48
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 273.47M 274.53M 275.13M 0.00 265.19M 263.45M 256.55M 379.23M 374.49M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $1.89 $2.22 $2.35 $0.00 $3.65 $4.94 $5.05 $4.36 $4.45
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 273.47M 274.53M 275.13M 0.00 265.19M 263.45M 256.55M 379.23M 374.49M
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 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 273.47M 274.53M 275.13M 0.00 265.19M 263.45M 256.55M 379.23M 374.49M
Normalized Net Operating Profit after Tax (NOPAT)		 504 603 553 649 684 533 1,031 1,385 1,384 1,755 1,785
Normalized NOPAT Margin		 7.00% 7.88% 7.20% 8.61% 8.66% 6.71% 10.90% 12.40% 11.40% 12.86% 12.13%
Pre Tax Income Margin		 10.16% 11.71% 10.06% 10.78% 10.79% 8.87% 13.57% 15.40% 14.45% 16.60% 15.51%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 6.59 0.00 0.00 5.17 0.00 4.68 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 3.85 0.00 0.00 4.13 0.00 3.54 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 6.10 0.00 0.00 4.85 0.00 4.43 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 3.36 0.00 0.00 3.81 0.00 3.29 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 11.51% 30.49% 34.01% 39.28% 45.06% 15.79% 34.50% 16.98% 36.24% 30.32% 39.24%
Augmented Payout Ratio		 55.88% 52.43% 42.65% 43.09% 47.72% 80.77% 46.38% 23.78% 75.05% 47.62% 54.38%

Quarterly Metrics And Ratios for W.R. Berkley

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - 380,021,174.00 374,490,856.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 380,021,174.00 374,490,856.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 1.20 1.38
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 11.24% 5.66% 12.50% 10.62% 12.20% 13.85% 8.92% 10.77% 10.82% 1.47% 4.03%
EBITDA Growth		 41.10% -2.30% 27.86% -6.81% 11.09% 49.81% 7.20% 19.96% 38.17% -22.11% 13.58%
EBIT Growth		 46.70% 4.76% 52.65% 6.67% 12.98% 45.31% -6.18% 7.01% 36.60% -21.47% 14.39%
NOPAT Growth		 44.67% 4.45% 49.47% 4.54% 9.56% 44.21% -5.58% 7.75% 40.14% -20.96% 23.54%
Net Income Growth		 44.67% 4.45% 49.47% 4.54% 9.56% 44.21% -5.58% 7.75% 40.14% -20.96% 23.54%
EPS Growth		 44.67% 4.45% 54.72% 4.54% 10.98% -1.94% -4.59% 8.70% 40.66% -21.05% 25.96%
Operating Cash Flow Growth		 40.31% -12.22% 67.57% 24.35% 15.20% 16.04% -0.32% -20.14% -8.13% 22.85% -10.21%
Free Cash Flow Firm Growth		 -123.25% -139.47% -239.85% -4,410.90% -419.91% -21.47% 175.06% 78.22% -36.71% -131.32% -204.16%
Invested Capital Growth		 6.01% 7.30% 8.50% 9.04% 15.46% 9.14% 1.16% 4.81% 18.42% 11.59% 7.64%
Revenue Q/Q Growth		 1.16% 6.29% 1.10% 1.76% 2.61% 7.86% -3.28% 3.48% 2.65% -1.24% -0.84%
EBITDA Q/Q Growth		 -8.36% 14.58% 3.40% -14.17% 9.24% 54.51% -26.00% -3.96% 25.82% -12.89% 7.90%
EBIT Q/Q Growth		 -8.14% 19.35% 14.54% -15.05% -2.71% 53.50% -26.05% -3.11% 24.19% -11.75% 7.72%
NOPAT Q/Q Growth		 -6.27% 19.65% 10.80% -15.87% -1.77% 57.49% -27.46% -3.99% 27.77% -11.18% 13.37%
Net Income Q/Q Growth		 -6.27% 19.65% 10.80% -15.87% -1.77% 57.49% -27.46% -3.99% 27.77% -11.18% 13.37%
EPS Q/Q Growth		 -6.27% 19.65% 5.81% -15.87% -1.09% 67.03% -31.58% -3.85% 28.00% -6.25% 9.17%
Operating Cash Flow Q/Q Growth		 51.97% -35.19% 6.90% 18.10% 40.78% -34.72% -8.17% -5.38% 61.96% -12.70% -32.89%
Free Cash Flow Firm Q/Q Growth		 -1,851.61% -37.15% -29.68% -29.95% -124.94% 67.96% 180.14% -137.70% -1,312.07% 45.78% -288.92%
Invested Capital Q/Q Growth		 0.23% 5.52% 3.20% -0.10% 6.14% -0.25% -4.35% 3.51% 19.91% -6.01% 0.35%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 13.74% 14.81% 15.15% 12.78% 13.60% 19.49% 14.91% 13.84% 16.96% 14.96% 16.28%
EBIT Margin		 13.86% 15.56% 17.63% 14.72% 13.95% 19.86% 15.18% 14.22% 17.20% 15.37% 16.69%
Profit (Net Income) Margin		 11.00% 12.38% 13.57% 11.22% 10.74% 15.69% 11.76% 10.92% 13.59% 12.22% 13.97%
Tax Burden Percent		 79.40% 79.60% 77.00% 76.26% 77.00% 79.00% 77.49% 76.78% 78.99% 79.51% 83.68%
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		 20.60% 20.40% 23.00% 23.74% 23.00% 21.00% 22.51% 23.22% 21.01% 20.49% 16.32%
Return on Invested Capital (ROIC)		 13.88% 15.11% 16.61% 14.13% 13.47% 19.85% 15.32% 14.33% 16.17% 15.10% 18.57%
ROIC Less NNEP Spread (ROIC-NNEP)		 13.88% 15.11% 16.61% 14.13% 13.47% 19.85% 15.32% 14.33% 16.17% 15.10% 18.57%
Return on Net Nonoperating Assets (RNNOA)		 5.93% 6.02% 6.38% 5.45% 4.97% 7.10% 4.28% 3.92% 5.66% 4.74% 3.64%
Return on Equity (ROE)		 19.80% 21.13% 22.99% 19.58% 18.44% 26.95% 19.60% 18.25% 21.83% 19.84% 22.22%
Cash Return on Invested Capital (CROIC)		 8.57% 6.86% 6.82% 6.53% 0.65% 7.54% 15.02% 11.46% -1.39% 4.05% 9.50%
Operating Return on Assets (OROA)		 4.79% 5.32% 6.11% 5.08% 4.81% 6.97% 5.34% 4.98% 6.00% 5.34% 5.79%
Return on Assets (ROA)		 3.81% 4.23% 4.70% 3.88% 3.71% 5.50% 4.14% 3.82% 4.74% 4.25% 4.84%
Return on Common Equity (ROCE)		 19.75% 21.08% 22.94% 19.54% 18.41% 26.91% 19.57% 18.22% 21.80% 19.81% 22.19%
Return on Equity Simple (ROE_SIMPLE)		 19.77% 0.00% 19.66% 19.89% 18.73% 0.00% 19.41% 18.92% 19.44% 0.00% 19.33%
Net Operating Profit after Tax (NOPAT)		 333 399 442 372 365 575 417 401 512 455 516
NOPAT Margin		 11.00% 12.38% 13.57% 11.22% 10.74% 15.69% 11.76% 10.92% 13.59% 12.22% 13.97%
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		 86.14% 84.44% 82.37% 85.28% 86.05% 80.14% 84.82% 85.78% 82.80% 84.63% 83.31%
Earnings before Interest and Taxes (EBIT)		 420 501 574 488 474 728 539 522 648 572 616
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 416 477 493 423 463 715 529 508 639 557 601
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.53 1.58 1.93 1.72 2.56 2.66 3.03 3.00 2.97 2.74 2.55
Price to Tangible Book Value (P/TBV)		 1.57 1.62 1.97 1.76 2.62 2.72 3.09 3.06 3.02 2.80 2.60
Price to Revenue (P/Rev)		 0.88 0.97 1.20 1.04 1.64 1.64 1.94 1.95 1.98 1.81 1.67
Price to Earnings (P/E)		 7.75 8.54 9.80 8.67 13.69 12.70 15.59 15.83 15.25 14.96 13.22
Dividend Yield		 2.30% 2.81% 0.76% 1.81% 2.16% 2.39% 1.97% 2.15% 1.75% 2.64% 2.93%
Earnings Yield		 12.91% 11.72% 10.20% 11.54% 7.31% 7.87% 6.42% 6.32% 6.56% 6.69% 7.56%
Enterprise Value to Invested Capital (EV/IC)		 1.21 1.29 1.57 1.38 2.03 2.06 2.52 2.49 2.26 2.15 2.11
Enterprise Value to Revenue (EV/Rev)		 0.98 1.09 1.33 1.14 1.73 1.70 1.95 1.94 2.06 1.83 1.64
Enterprise Value to EBITDA (EV/EBITDA)		 6.76 7.66 9.06 8.10 12.32 11.07 12.73 12.52 12.64 12.06 10.58
Enterprise Value to EBIT (EV/EBIT)		 6.81 7.57 8.54 7.40 11.22 10.24 12.16 12.25 12.40 11.81 10.34
Enterprise Value to NOPAT (EV/NOPAT)		 8.62 9.60 10.90 9.48 14.49 13.21 15.67 15.77 15.86 15.09 12.95
Enterprise Value to Operating Cash Flow (EV/OCF)		 3.89 4.53 5.16 4.31 6.41 6.30 7.38 7.93 8.89 7.52 6.95
Enterprise Value to Free Cash Flow (EV/FCFF)		 14.49 19.44 23.94 22.03 335.07 28.53 16.88 22.23 0.00 55.91 22.97
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.41 0.38 0.36 0.36 0.34 0.34 0.21 0.20 0.36 0.29 0.19
Long-Term Debt to Equity		 0.41 0.38 0.36 0.36 0.34 0.34 0.21 0.20 0.36 0.29 0.19
Financial Leverage		 0.43 0.40 0.38 0.39 0.37 0.36 0.28 0.27 0.35 0.31 0.20
Leverage Ratio		 5.20 4.99 4.89 5.05 4.98 4.90 4.74 4.77 4.61 4.67 4.59
Compound Leverage Factor		 5.20 4.99 4.89 5.05 4.98 4.90 4.74 4.77 4.61 4.67 4.59
Debt to Total Capital		 29.05% 27.53% 26.68% 26.71% 25.16% 25.26% 17.03% 16.45% 26.57% 22.62% 15.80%
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% 0.00%
Long-Term Debt to Total Capital		 29.05% 27.53% 26.68% 26.71% 25.16% 25.26% 17.03% 16.45% 26.57% 22.62% 15.80%
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		 0.15% 0.13% 0.13% 0.12% 0.12% 0.11% 0.11% 0.09% 0.05% 0.09% 0.10%
Common Equity to Total Capital		 70.81% 72.34% 73.19% 73.17% 74.72% 74.63% 82.85% 83.46% 73.38% 77.29% 84.10%
Debt to EBITDA		 1.63 1.64 1.54 1.57 1.53 1.36 0.86 0.83 1.48 1.27 0.79
Net Debt to EBITDA		 0.68 0.85 0.91 0.69 0.68 0.41 0.05 -0.07 0.48 0.13 -0.20
Long-Term Debt to EBITDA		 1.63 1.64 1.54 1.57 1.53 1.36 0.86 0.83 1.48 1.27 0.79
Debt to NOPAT		 2.08 2.05 1.85 1.84 1.80 1.62 1.06 1.04 1.86 1.59 0.97
Net Debt to NOPAT		 0.87 1.07 1.09 0.81 0.80 0.49 0.07 -0.09 0.60 0.17 -0.24
Long-Term Debt to NOPAT		 2.08 2.05 1.85 1.84 1.80 1.62 1.06 1.04 1.86 1.59 0.97
Noncontrolling Interest Sharing Ratio		 0.29% 0.24% 0.24% 0.23% 0.18% 0.16% 0.16% 0.14% 0.11% 0.13% 0.13%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -220 -302 -392 -509 -1,145 -367 294 -111 -1,565 -848 -306
Operating Cash Flow to CapEx		 6,564.84% 6,373.38% 1,373.40% 3,651.97% 9,398.35% 5,805.44% 4,591.18% 3,417.70% 6,727.62% 855.98% 0.00%
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 0.34 0.35 0.35 0.35 0.35 0.35 0.35 0.35 0.35 0.35
Fixed Asset Turnover		 28.59 28.57 28.17 28.56 29.26 30.13 29.37 29.54 30.18 27.37 28.32
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 9,767 10,306 10,636 10,625 11,277 11,248 10,759 11,136 13,354 12,552 11,581
Invested Capital Turnover		 1.26 1.22 1.22 1.26 1.25 1.27 1.30 1.31 1.19 1.24 1.33
Increase / (Decrease) in Invested Capital		 554 701 834 881 1,510 942 123 512 2,077 1,303 822
Enterprise Value (EV)		 11,787 13,279 16,675 14,664 22,866 23,179 27,111 27,729 30,212 26,924 24,382
Market Capitalization		 10,582 11,791 14,993 13,393 21,589 22,300 26,986 27,871 29,061 26,613 24,821
Book Value per Share		 $26.85 $28.91 $30.45 $30.41 $22.14 $22.03 $23.51 $24.50 $25.83 $25.53 $26.01
Tangible Book Value per Share		 $26.18 $28.23 $29.77 $29.69 $21.66 $21.55 $23.02 $24.01 $25.35 $25.04 $25.52
Total Capital		 9,767 10,306 10,636 10,625 11,277 11,248 10,759 11,136 13,354 12,552 11,581
Total Debt		 2,837 2,837 2,837 2,838 2,837 2,841 1,833 1,832 3,549 2,840 1,830
Total Long-Term Debt		 2,837 2,837 2,837 2,838 2,837 2,841 1,833 1,832 3,549 2,840 1,830
Net Debt		 1,191 1,474 1,668 1,258 1,264 866 113 -153 1,145 300 -451
Capital Expenditures (CapEx)		 16 11 54 24 13 14 16 21 17 116 -28
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)		 2,837 2,837 2,837 2,838 2,837 2,841 1,833 1,832 3,549 2,840 1,830
Total Depreciation and Amortization (D&A)		 -3.61 -24 -81 -64 -12 -14 -9.79 -14 -9.07 -15 -15
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.24 $1.55 $1.65 $0.93 $0.92 $1.52 $1.05 $1.01 $1.29 $1.20 $1.31
Adjusted Weighted Average Basic Shares Outstanding		 257.87M 256.55M 255.66M 380.55M 381.07M 379.23M 379.36M 379.29M 380.02M 374.49M 372.28M
Adjusted Diluted Earnings per Share		 $1.23 $1.55 $1.64 $0.92 $0.91 $1.52 $1.04 $1.00 $1.28 $1.20 $1.31
Adjusted Weighted Average Diluted Shares Outstanding		 257.87M 256.55M 255.66M 380.55M 381.07M 379.23M 379.36M 379.29M 380.02M 374.49M 372.28M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $1.55 $0.00 $0.00 $0.00 $1.52 $0.00 $0.00 $0.00 $1.20 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 257.87M 256.55M 255.66M 380.55M 381.07M 379.23M 379.36M 379.29M 380.02M 374.49M 372.28M
Normalized Net Operating Profit after Tax (NOPAT)		 333 399 442 372 365 575 417 401 512 455 516
Normalized NOPAT Margin		 11.00% 12.38% 13.57% 11.22% 10.74% 15.69% 11.76% 10.92% 13.59% 12.22% 13.97%
Pre Tax Income Margin		 13.86% 15.56% 17.63% 14.72% 13.95% 19.86% 15.18% 14.22% 17.20% 15.37% 16.69%
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		 17.56% 36.24% 24.25% 32.35% 39.67% 30.32% 30.87% 34.14% 26.70% 39.24% 37.37%
Augmented Payout Ratio		 55.46% 75.05% 50.52% 53.91% 61.39% 47.62% 51.27% 41.48% 34.12% 54.38% 65.17%

Financials Breakdown Chart

Key Financial Trends

Here are the key trends for W. R. Berkley (NYSE: WRB) based on quarterly statements over the last four years. The focus is on revenue, profitability, cash flow, and balance-sheet dynamics that may affect investors.

  • Premiums Earned rose through 2025, rising from 3,012,381,000 in Q1 2025 to 3,179,990,000 in Q4 2025.
  • Total Revenue in Q4 2025 was 3,721,413,000, up from 3,667,568,000 in Q4 2024, indicating a positive top-line trend.
  • Net cash from continuing operating activities remained robust in 2025, at 995,132,000 in Q4 2025, up from 810,033,000 in Q4 2024 (and higher in earlier 2025 quarters as well).
  • Free cash flow in Q4 2025 was about 752,052,000 (roughly 995,132,000 of cash from continuing operating activities minus 243,080,000 of cash used for continuing investing activities), signaling solid cash generation after capex and investments.
  • Total assets expanded to about 43.72B by Q3 2025, up from about 40.36B in Q3 2024, reflecting balance-sheet growth; the equity base also rose to around 9.81B by the end of 2025, indicating stronger capitalization.
  • Dividend per share has shown variability across quarters, with the latest quarterly payout per share reported as 1.10 in Q4 2025 (dividends per share have fluctuated by period).
  • There were share repurchases in 2025 (Q3: about 24.6M; Q4: about 196.4M in value), indicating an active capital-return policy that may affect short-term cash balances and share count.
  • Net income to common shareholders declined in Q4 2025 to 449,512,000 from 576,101,000 in Q4 2024, signaling a year-over-year profitability reduction for that quarter.
  • Total Non-Interest Expense rose year-over-year in Q4 2025 to 3,149,449,000 from 2,939,263,000 in Q4 2024, suggesting higher expense pressure despite revenue gains.
  • Earnings per share weakened in Q4 2025, with Basic EPS of 1.20 and Diluted EPS of 1.20 versus Q4 2024 EPS of 1.52 (signaling softer per-share profitability in the latest period).
05/07/26 07:37 PM ETAI Generated. May Contain Errors.

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

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

According to the most recent income statement we have on file, W.R. Berkley's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

How has W.R. Berkley's net income changed over the last 10 years?

W.R. Berkley's net income appears to be on an upward trend, with a most recent value of $1.78 billion in 2025, rising from $504.11 million in 2015. The previous period was $1.75 billion in 2024. Find out what analysts predict for W.R. Berkley in the coming months.

How has W.R. Berkley's revenue changed over the last 10 years?

Over the last 10 years, W.R. Berkley's total revenue changed from $7.21 billion in 2015 to $14.71 billion in 2025, a change of 104.1%.

How much debt does W.R. Berkley have?

W.R. Berkley's total liabilities were at $34.21 billion at the end of 2025, a 6.4% increase from 2024, and a 87.1% increase since 2015.

How much cash does W.R. Berkley have?

In the past 10 years, W.R. Berkley's cash and equivalents has ranged from $795.29 million in 2015 to $2.54 billion in 2025, and is currently $2.54 billion as of their latest financial filing in 2025.

How has W.R. Berkley's book value per share changed over the last 10 years?

Over the last 10 years, W.R. Berkley's book value per share changed from 40.94 in 2015 to 25.53 in 2025, a change of -37.6%.


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Financial statements for NYSE:WRB last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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