Friday 6 November 2026 Export WRB’s income statement to Excel — free account

W.R. Berkley Corporation

WRB Financial Insurance Property & Casualty

W.R. Berkley Corporation’s revenue for fiscal 2025 (year ended December 2025) was $14.7 billion, up 7.84% from fiscal 2024.

Revenue: −0.78%
EPS: −10.9%
Free cash flow: −31.3%
Total debt: −0.03%

Quarter to September 2026, against a year earlier

75.36 1.62 −2.10%

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Market cap: $28.6B
P/E: 16.2×
Fwd P/E: 15.1×
Dividend yield: 0.25%
F-score: 5/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
P/E ratio Full definition →	13.56	15.95	14.61	19.30	23.22	14.90	14.55	14.12	13.30	15.65
Piotroski F-Score Full definition →	8	4	5	6	6	7	7	7	8	5
P/S ratio Full definition →	1.07	1.14	1.22	1.67	1.53	1.61	1.80	1.61	1.72	1.89
P/FCF ratio Full definition →	16.41	24.31	166.37	14.09	7.06	6.66	8.14	6.80	6.67	8.12
P/Operating CF Full definition →	67.12	46.19	33.72	37.84	25.88	23.07	25.27	28.01	28.88	27.97
P/B ratio Full definition →	1.61	1.60	1.71	2.16	1.96	2.28	2.97	2.62	2.78	2.87
Price to Tangible BV Full definition →	1.66	1.66	1.76	2.22	2.02	2.34	3.05	2.68	2.84	2.92
EV/Sales Full definition →	1.29	1.34	1.47	1.87	1.58	1.79	1.92	1.73	1.78	1.91
EV/EBITDA Full definition →	8.79	9.95	10.30	13.22	12.89	10.84	11.27	11.30	10.92	11.93
EV/Operating CF Full definition →	11.64	14.46	18.28	12.94	7.90	7.74	8.36	7.18	6.59	7.85
EV/FCF Full definition →	19.81	28.62	201.41	15.80	7.27	7.40	8.70	7.32	6.92	8.21
Quick Ratio Full definition →	0.32	0.31	0.31	0.34	0.41	0.34	0.34	0.33	0.32	0.32
Current Ratio Full definition →	0.32	0.31	0.31	0.34	0.41	0.34	0.34	0.33	0.32	0.32
Net Debt/EBITDA Full definition →	1.51	1.50	1.79	1.43	0.36	1.09	0.73	0.79	0.39	0.13
Debt/Assets Full definition →	10.65%	10.28%	11.20%	9.85%	9.53%	10.18%	8.38%	7.63%	7.00%	6.44%
Debt/Equity Full definition →	0.49	0.46	0.51	0.43	0.43	0.49	0.42	0.38	0.34	0.29
Asset Turnover Full definition →	0.34	0.32	0.31	0.31	0.29	0.31	0.34	0.34	0.35	0.35
Operating CF/Net income Full definition →	1.41	1.29	0.97	1.68	3.05	2.14	1.86	2.12	2.09	2.01
Capex/Depreciation Full definition →	(4.07)	(3.11)	(4.30)	(1.83)	1.04	0.77	(1.76)	2.64	1.01	3.23
Interest Coverage Full definition →	7.36	6.25	6.17	6.56	5.68	9.72	14.19	14.76	18.84	18.97
ROE Full definition →	12.39%	10.43%	11.72%	11.76%	8.53%	15.74%	20.56%	19.40%	22.12%	19.64%
ROA Full definition →	2.67%	2.30%	2.60%	2.65%	1.92%	3.37%	4.19%	3.89%	4.52%	4.20%
ROIC Full definition →	9.57%	8.22%	8.13%	8.15%	8.00%	10.68%	14.18%	13.15%	16.12%	15.03%
Return on Tangible Assets Full definition →	(6.26%)	(5.44%)	(6.24%)	(6.43%)	(5.11%)	(7.65%)	(9.36%)	(8.34%)	(9.72%)	(9.15%)
Average Days of Receivables Full definition →	187.43	177.94	193.96	210.37	230.61	210.23	202.69	208.83	184.25	173.02
Research and Development Expense of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Intangible Assets out of Total Assets Full definition →	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.00	0.00	0.00
Share Based Compensation of Revenue Full definition →	0.49%	0.53%	0.48%	0.62%	0.61%	0.49%	0.44%	0.42%	0.40%	0.37%
Graham Net Nets Full definition →	(1.66)	(1.62)	(1.55)	(1.13)	(1.19)	(1.21)	(0.97)	(1.10)	(1.00)	(0.89)
Graham Number Full definition →	20.06	19.47	20.79	22.58	20.74	29.79	34.93	37.53	45.63	49.66
Earnings Yield Full definition →	7.38%	6.27%	6.85%	5.18%	4.31%	6.71%	6.87%	7.08%	7.52%	6.39%
Free Cash Flow Yield Full definition →	6.09%	4.11%	0.60%	7.10%	14.16%	15.01%	12.29%	14.70%	14.99%	12.31%
Revenue per Share Full definition →	18.49	18.26	17.99	18.39	19.26	22.76	26.89	29.87	34.12	37.05
Operating CF per Share Full definition →	2.05	1.69	1.45	2.66	3.84	5.26	6.19	7.21	9.20	9.02
Capex per Share Full definition →	(0.85)	(0.84)	(1.32)	(0.48)	0.33	0.24	(0.24)	(0.14)	(0.43)	(0.39)
Free Cash Flow per Share Full definition →	1.20	0.85	0.13	2.18	4.18	5.50	5.95	7.07	8.77	8.63
Cash per Share Full definition →	1.92	2.26	1.91	2.38	5.64	3.78	3.49	3.35	4.94	6.40
Shareholders Equity per Share Full definition →	12.27	12.96	12.82	14.24	15.04	16.05	16.30	18.37	21.03	24.47
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	12.27	12.96	12.82	14.24	15.04	16.05	16.30	18.37	21.03	24.47
Free Cash Flow Full definition →	498.42	359.13	56.28	936.58	1,757.45	2,284.24	2,470.00	2,874.08	3,506.11	3,427.25
Working Capital Full definition →	(9,967.91)	(10,510.25)	(10,678.48)	(11,021.95)	(10,794.35)	(13,791.82)	(15,181.83)	(16,982.47)	(18,552.18)	(20,033.40)
Capital Expenditures Full definition →	(349.95)	(351.76)	(563.92)	(207.21)	140.76	100.25	(98.60)	(55.15)	(172.25)	(155.37)
Net Current Asset Value Full definition →	(13,558.00)	(14,151.95)	(14,511.30)	(14,965.68)	(14,791.73)	(18,403.84)	(19,442.76)	(21,422.11)	(23,300.22)	(24,847.45)
EV/EBIT Full definition →	9.52	11.17	11.69	14.71	14.93	11.83	11.61	11.17	10.14	11.69
Capex to Sales Full definition →	0.05	0.05	0.07	0.03	(0.02)	(0.01)	0.01	0.00	0.01	0.01
Price to Operating Income Full definition →	7.89	9.49	9.66	13.11	14.52	10.64	10.86	10.39	9.78	11.56
Other line items
Depreciation/Fixed assets Full definition →	0.25	0.27	0.31	0.27	0.33	0.31	0.13	(0.05)	(0.36)	(0.08)
Cash ROIC Full definition →	5.96%	4.04%	0.62%	9.59%	15.38%	19.86%	22.34%	24.63%	26.51%	22.71%
Accounts Receivable Turnover Full definition →	2.04	2.00	1.96	1.83	1.67	1.79	1.92	1.85	1.97	2.12
Accounts Payable Turnover Full definition →	0.27	0.27	0.26	0.26	0.26	0.25	0.27	0.26	0.27	0.27
Inventory Turnover Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Average Days of Payables Full definition →	1,394.55	1,386.83	1,431.03	1,466.68	1,493.40	1,529.05	1,421.71	1,448.81	1,402.95	1,387.60
Days of Inventory on Hand Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Average Receivables Full definition →	3,757.78	3,838.38	3,916.80	4,320.85	4,835.72	5,281.51	5,823.42	6,574.16	6,916.17	6,928.33
Average Payables Full definition →	14,362.33	14,950.34	15,395.21	16,091.72	17,441.91	19,518.39	21,792.52	24,062.58	26,352.47	28,478.46
Average Assets Full definition →	22,547.91	23,832.38	24,597.95	25,779.06	27,634.53	30,346.66	32,973.76	35,531.56	38,884.65	42,319.17
Average Common Equity Full definition →	4,857.17	5,266.15	5,465.48	5,799.07	6,222.07	6,496.76	6,717.95	7,118.70	7,938.34	9,059.67

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Columns are period end dates · fundamentals updated 5 Nov 2026

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