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W. R. Berkley Corporation

W. R. Berkley Corporation

NYSE•WRB
CEO: Mr. William Robert Berkley
Sector: Financial Services
Industry: Insurance - Property & Casualty
Listing Date: 1973-10-23
W. R. Berkley Corporation, an insurance holding company, operates as a commercial lines writers worldwide. It operates in two segments, Insurance and Reinsurance & Monoline Excess. 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; specialized 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, this segment offers cyber risk solutions; crime and fidelity insurance products; medical professional coverages; workers' compensation insurance products; general insurance; personal lines insurance solutions, including home, condo/co-op, auto, and collectibles; automobile, law enforcement, public officials and educator's legal, and employment practices liability, as well as incidental medical and property and crime insurance products; at-risk and alternative risk insurance program management services; professional liability; energy and marine risks; and provides insurance products to the Lloyd's marketplace. The Reinsurance & Monoline Excess segment provides treaty and facultative reinsurance solutions; property and casualty reinsurance; 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.
Contact Information
475 Steamboat Road, Greenwich, CT, 06830, United States
203-629-3000
www.berkley.com
Market Cap
$25.69B
P/E (TTM)
14.1
12.3
Dividend Yield
2.0%
52W High
$78.96
52W Low
$55.97
52W Range
51%
Rank24Top 7.5%
6.1
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Strong • 6.1 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$3.77B+10.82%
4-Quarter Trend

EPS

$1.29+40.22%
4-Quarter Trend

FCF

$1.12B-8.53%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Net Income Rises Net income to common stockholders reached $1.330B, reflecting a $150M increase over prior year results for nine months.
Premium Growth Strong Consolidated gross premiums written totaled $11.50B, marking a 7% increase driven by both Insurance and Reinsurance segments.
Investment Income Climbs Net investment income grew 7% to $1.091B, supported by higher fixed maturity yields and increased portfolio size.
Strong Q3 EPS Diluted EPS for the quarter was $1.28, a significant 40% increase from $0.91 reported in the prior year period.

Risk Factors

Underwriting Profitability Wanes Consolidated GAAP combined ratio worsened to 91.1% from 90.3%, indicating slight underwriting pressure excluding investment income.
Elevated Catastrophe Exposure Net catastrophe losses increased to $289M for nine months, up from $218M in the prior year period due to wildfires.
Social Inflation Concerns Auto and liability reserves face social inflation risks, potentially increasing frequency and severity of large losses beyond expectations.
Investment Portfolio Duration Effective duration of fixed maturity portfolio increased to 2.9 years, requiring active management against rising interest rate risk.

Outlook

Investment Portfolio Strategy Management maintains portfolio duration matching liabilities, aiming to mitigate interest rate risk impact on fair value.
New Business Ventures Strategy includes forming new businesses focused on healthcare, cybersecurity, energy, and growing international markets.
Reserve Uncertainty Management Reserves for long-tail lines require ongoing review, focusing on expected loss ratios and emergence patterns for accuracy.

Peer Comparison

Revenue (TTM)

The Allstate CorporationALL
$66.57B
+6.6%
Chubb LimitedCB
$58.70B
+6.4%
The Travelers Companies, Inc.TRV
$48.41B
+6.7%

Gross Margin (Latest Quarter)

Horace Mann Educators CorporationHMN
100.0%
+0.0pp
The Travelers Companies, Inc.TRV
47.1%
+20.9pp
CNA Financial CorporationCNA
32.9%
+2.6pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
CB$118.65B12.414.3%6.4%
TRV$62.90B10.620.1%6.5%
ALL$53.20B6.335.3%6.7%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
0.9%
Moderate Growth
4Q Net Income CAGR
-3.9%
Stable Profitability
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Jan 26, 2026
|
EPS:$1.12
|
Revenue:$3.19B
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 3, 2025|
    Revenue: $3.77B+10.8%
    |
    EPS: $1.29+40.2%
    Beat
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 4, 2025|
    Revenue: $3.67B+10.8%
    |
    EPS: $1.01+8.6%
    Meet
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 2, 2025|
    Revenue: $3.55B+8.9%
    |
    EPS: $1.05-4.5%
    Beat
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 24, 2025|
    Revenue: $13.64B+12.3%
    |
    EPS: $4.39+29.1%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 4, 2024|
    Revenue: $3.40B+12.2%
    |
    EPS: $0.92+10.8%
    Meet
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 2, 2024|
    Revenue: $3.31B+10.6%
    |
    EPS: $0.93+5.7%
    Meet
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 3, 2024|
    Revenue: $3.26B+12.5%
    |
    EPS: $1.10+54.9%
    Beat
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 23, 2024|
    Revenue: $12.14B+8.7%
    |
    EPS: $3.40+2.1%
    Beat