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W. R. Berkley Corporation WRB SPX

Financial Services · Insurance - Property & Casualty · United States
https://www.berkley.com

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.

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$63.54
-12.65% 1Y

Market & Price

Market Cap
$23.65B
Current Price
$63.54
High / Low (52W)
$77.13 / $63.54
Beta
0.33

Valuation

Stock P/E
13.46
Industry PE
12.01
Forward P/E
13.16
PEG Ratio
3.72
Book Value
$26.13
Price to Book
2.43
P/S
1.59
EV/EBITDA
9.46
Dividend Yield
0.57%

Profitability & Returns

ROCE
-
ROE
20.16%
ROA
3.67%
Profit Margin
12.64%
Op Margin
17.09%
EPS (Latest Qtr)
$1.31
EPS (TTM)
$4.72

Balance Sheet & Liquidity

Debt/Equity
0.32
Quick Ratio
0.23
Current Ratio
0.39
Debt
$3.10B
Total Assets
$44.07B
Current Assets
-
Working Capital
-

Ownership

Promoter Holding
26.27%
Chg in Prom Hold
-
FII / Inst Holding
77.99%
Chg in FII Hold
0.00%

Financial Snapshot

Enterprise Value
$24.42B
Total Revenue (TTM)
$14.85B
EBITDA
$2.58B
Free Cash Flow
$3.22B
Operating Cash Flow
$3.51B
Shares Outstanding
372.28M
Gross Margin
43.65%
Payout Ratio
7.63%

Growth (CAGR)

Revenue 5Y
9.28%
Profit 5Y
8.81%
Revenue (YoY)
4.00%
Earnings (YoY)
26.00%

PROS

  • Strong return on equity of 20.2%.
  • Generates positive free cash flow.

CONS

  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Financial Services).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 WRB W. R. Berkley Corporation SPX 63.54 13.46 $23.65B 0.57% - 20.16% 9.28% 8.81%
2 JPM JPMorgan Chase & Co. SPX 299.31 14.33 $802.00B 2.00% - 16.47% 12.50% 14.83%
3 V Visa Inc. SPX 326.36 28.48 $620.65B 0.82% 38.38% 60.35% 10.92% 10.28%
4 MA Mastercard Incorporated SPX 493.98 28.57 $436.47B 0.70% 61.47% - 13.82% 14.66%
5 MS Morgan Stanley SPX 208.00 18.84 $328.08B 1.92% - 16.39% 9.52% 15.20%
6 GS The Goldman Sachs Group, Inc. SPX 1,025.56 18.73 $302.55B 1.76% - 14.55% 7.16% 15.11%
7 WFC Wells Fargo & Company SPX 77.54 11.98 $237.29B 2.32% - 12.03% 4.02% 15.98%
8 BLK BlackRock, Inc. SPX 1,046.88 26.32 $162.51B 2.19% 4.89% 11.90% 10.65% 2.36%
9 SCHW The Charles Schwab Corporation SPX 87.35 17.37 $151.91B 1.47% - 19.08% 4.83% 7.21%
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Quarterly Results

Figures in USD.

Metric Mar 2015Jun 2015Sep 2015Dec 2015Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Mar 2021Jun 2021Sep 2021Mar 2022Jun 2022Sep 2022Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue 1.74B1.79B1.86B1.81B1.81B1.86B2.02B1.97B1.87B1.85B2.03B1.93B1.89B1.91B1.94B1.95B1.94B2.02B1.97B1.98B1.81B1.94B2.04B2.16B2.30B2.42B2.92B2.51B2.72B2.90B3.00B3.03B3.26B3.31B3.40B3.53B3.62B3.78B3.72B3.71B
Cost of Revenue ----------------------------------------
Gross Profit ----------------------------------------
Operating Expenses ----------------------------------------
Operating Income -----------------------------------570.33M553.64M679.87M603.59M647.81M
EBITDA ----------------------------------------
Interest Expense -----------------------------------31.73M31.78M31.76M31.63M31.71M
Pretax Income -----------------------------------538.61M521.86M648.11M571.96M616.10M
Tax Provision -----------------------------------121.26M121.16M136.14M117.21M100.52M
Net Income 118.31M123.03M152.61M109.75M119.51M108.97M220.65M152.79M123.45M109.00M162.05M154.59M166.40M180.07M161.92M132.36M180.72M216.71M165.21M119.31M-4.42M71.26M151.68M229.53M237.24M261.30M590.64M179.32M228.88M294.13M356.31M333.59M442.47M371.91M365.63M417.57M401.29M511.03M449.51M515.22M
Diluted EPS 0.890.951.180.850.930.851.721.200.960.851.261.210.870.930.840.690.941.120.850.62-0.020.380.810.820.850.932.120.640.821.060.870.821.090.920.911.041.001.281.131.31

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue 4.71B4.43B4.72B5.16B5.82B6.41B7.13B7.21B7.65B7.68B7.69B7.90B8.10B-11.22B12.11B13.69B14.64B
Cost of Revenue ------------------
Gross Profit ------------------
Operating Expenses ------------------
Operating Income --------------1.85B1.88B2.39B2.41B
EBITDA ------------------
Interest Expense --------------130.37M127.46M126.91M126.89M
Pretax Income --------------1.72B1.75B2.26B2.28B
Tax Provision --------------334.73M370.56M509.92M495.76M
Net Income 281.14M309.06M446.40M391.21M510.59M499.93M648.88M503.69M601.92M549.09M640.75M681.94M530.67M-1.38B1.38B1.76B1.78B
Diluted EPS 1.621.862.882.693.563.554.863.874.682.843.333.521.87-3.293.374.364.45

Compounded Sales Growth

5 Years:9.28%
1 Year:4.00%

Compounded Profit Growth

5 Years:8.81%
1 Year:26.00%

Stock Price Performance

1 Year:-12.65%
6 Months:-17.05%
3 Months:-11.38%
1 Month:-5.09%

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2007Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets --17.33B17.53B18.40B20.16B20.55B21.72B21.73B23.36B24.30B24.90B26.66B28.61B-33.86B37.20B40.57B44.07B
Current Assets -------------------
Cash & Equivalents 951.86M1.13B515.43M642.95M911.74M839.74M839.74M674.44M763.63M795.28M950.47M817.60M1.02B2.37B-1.45B1.36B1.97B2.54B
Inventory -------------------
Receivables ---------------6.20B6.95B6.88B6.97B
Total Liabilities --13.73B13.82B14.44B15.82B16.18B17.09B17.10B18.28B18.85B19.42B20.54B22.28B-27.09B29.73B32.16B34.36B
Current Liabilities -------------------
Long Term Debt ---------------2.83B2.84B2.84B2.84B
Total Debt ---------------2.84B2.84B2.84B2.84B
Total Equity --3.60B3.70B3.95B4.31B4.34B4.59B4.60B5.05B5.41B5.44B6.07B6.31B-6.75B7.46B8.40B9.70B
Shares Outstanding ---------------793.52M793.52M793.52M793.52M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow 1.55B316.05M451.32M670.28M675.46M819.80M734.85M881.30M848.38M710.88M620.20M1.14B1.62B2.18B2.57B2.93B3.68B3.58B
Investing Cash Flow -614.56M-1.12B37.35M-204.27M-775.07M-545.36M-808.31M-170.76M-794.49M-333.46M-714.24M-424.87M119.70M-2.99B-1.89B-1.96B-2.18B-2.03B
Financing Cash Flow -663.29M173.38M-359.07M-195.21M97.19M-330.26M-69.77M-555.32M-6.93M-235.09M-7.40M-513.19M-397.84M5.83M-771.99M-1.06B-852.49M-1.03B
Capital Expenditure -78.95M-30.45M-49.60M-45.32M-40.56M-63.15M-41.96M-63.56M-50.83M-115.72M-49.86M-60.46M---52.68M-53.08M-105.62M-169.99M
Free Cash Flow 1.47B285.60M401.71M624.96M634.90M756.65M692.89M817.74M797.55M595.16M570.34M1.08B--2.52B2.88B3.57B3.41B
Net Change in Cash ---------------94.74M-95.22M641.39M526.83M
Share Buybacks 553.28M147.14M471.01M187.16M127.66M166.47M238.93M223.65M132.39M47.81M24.75M18.23M346.36M122.43M94.14M537.16M303.65M270.22M

Ratios (Annual)

Figures in %.

Metric Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % ------------------
Operating Margin % --------------16.5%15.5%17.5%16.4%
Net Margin % 6.0%7.0%9.4%7.6%8.8%7.8%9.1%7.0%7.9%7.1%8.3%8.6%6.6%-12.3%11.4%12.8%12.2%
ROE % -8.6%12.1%9.9%11.9%11.5%14.1%10.9%11.9%10.1%11.8%11.2%8.4%-20.5%18.5%20.9%18.3%
ROCE % ------------------

Shareholding Pattern

Insiders
26.27%
Institutions
77.99%
Public Float
105.77%

Top Institutional Holders

#Holder% HeldSharesValue
1 Mitsui Sumitomo Insurance Co Ltd 15.79% 58.78M $3.73B
2 Blackrock Inc. 6.25% 23.28M $1.48B
3 Vanguard Capital Management LLC 5.08% 18.93M $1.20B
4 Vanguard Portfolio Management LLC 3.96% 14.75M $937.23M
5 State Street Corporation 3.87% 14.41M $915.32M
6 Morgan Stanley 2.80% 10.41M $661.61M
7 Geode Capital Management, LLC 2.21% 8.23M $522.91M
8 Kayne Anderson Rudnick Investment Management LLC 2.09% 7.77M $493.85M
9 Invesco Ltd. 1.36% 5.05M $320.99M
10 First Trust Advisors LP 1.07% 3.97M $252.44M

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