Wednesday 4 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: +6.14%
Total debt: −0.05%

Quarter to September 2026, against a year earlier

76.62 1.50 +2.00%

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Market cap: $27.9B
P/E: 15.8×
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

W.R. Berkley Corporation (WRB) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by segment, and margins
Insurance	12,096	82.24%
Reinsurance & Monoline Excess	1,782	12.11%
Other, not broken out	830	5.65%
Gross margin		47.16%
Operating margin		16.37%
Pre-tax margin		15.51%

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2013	FY2012	FY2011	FY2010	FY2009
Insurance	12,096 82.24%	11,182 81.98%	9,828 80.93%	8,749 78.35%	7,579 80.15%	6,479 80.00%	6,397 80.95%	6,208 80.71%	6,003 78.12%	6,148 80.32%	5,876 81.54%	5,064 79.03%	3,945 67.74%	3,586 69.55%	3,435 72.71%	—
Reinsurance & Monoline Excess	1,782 12.11%	1,697 12.44%	1,615 13.30%	1,590 14.24%	1,204 12.73%	1,009 12.46%	878 11.11%	849 11.04%	922 12.00%	777 10.15%	745 10.34%	810 12.64%	732 12.56%	629 12.20%	600 12.71%	—
Insurance-International	—	—	—	—	—	—	—	—	—	—	—	—	678 11.64%	545 10.58%	408 8.63%	—
Corporate, Other and Eliminations	—	—	—	—	—	—	—	—	—	—	—	—	—	—	225 4.76%	202 4.55%
Net Investment Gains	—	—	—	—	—	—	—	—	—	—	—	—	—	—	57 1.20%	(38) (0.87%)
Specialty	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	1,483 33.47%
Regional	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	1,177 26.56%
Alternative Markets	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	769 17.35%
Reinsurance	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	487 10.99%
International	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	352 7.94%
Other, not broken out	830 5.65%	760 5.57%	700 5.76%	827 7.41%	673 7.12%	611 7.54%	628 7.94%	634 8.25%	759 9.88%	729 9.52%	585 8.11%	534 8.33%	469 8.06%	395 7.67%	—	—
Revenue	14,708	13,639	12,143	11,166	9,455	8,099	7,902	7,692	7,685	7,654	7,206	6,409	5,824	5,156	4,724	4,431

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Average duration	Q3 FY2026	3.30	2.90	+13.79%
Average rate increases excluding workers' compensation	Q3 FY2026	4.00%	7.60%	—
Book value per share	Q3 FY2026	$25.87	$25.79	+0.31%
Current accident year combined ratio before catastrophe losses	Q3 FY2026	88.1%	88.4%	—
Tangible book value per share	Q3 FY2026	$25.27	$25.18	+0.36%

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023
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Average rate increases excluding workers' compensation	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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Current accident year combined ratio before catastrophe losses	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Tangible book value per share	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.