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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. In the quarter to June 2026, revenue grew 1.23%, EPS grew 14.9%, free cash flow grew 6.14% and total debt was flat, each against the same quarter a year earlier. Member of the S&P 500; revenue growth for ten consecutive years; insiders bought in the last twelve months.

75.00 1.03 +1.39%
Market cap
$27.5B
P/E
15.3×
Fwd P/E
14.2×
Dividend yield
0.25%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total buys 705.46
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — 3 8 8 1 — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 43.38%

Capital & Financial Ratios $m

Market Cap 27,460.00
Revenue 14,896.10
Net Income 1,928.02
Free Cash Flow 3,414.39
Net Debt 233.80
Current Ratio 0.32
Debt/Equity 0.29
P/E ratio 15.34
Fwd P/E 14.20
P/S ratio 1.96
P/B ratio 2.97
Past 5Y EPS Growth 28.93% (at or above 15%: strong)
This Y EPS Growth 14.01%
Next Y EPS Growth (1.17%) (below 0%: weak)
Next Y revenue growth (13.09%) (below 0%: weak)
Next 5Y EPS Growth 5.90%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 58.16%
10-year low 10-year high
P/S against its own 10 years 94.66%
10-year low 10-year high
P/B against its own 10 years 89.09%
10-year low 10-year high

Dividends

Payout Ratio 0.04
Annual Dividend Rate 0.19
Annual Dividend Yield 0.25%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 1.37
0.09
0.50
0.10
2025 1.73
0.08
0.09
0.09
1.00
2024 0.23
0.07
0.08
0.08
0.50
2023 0.21
0.33
0.07
0.07
0.07
0.33
2022 0.26
0.06
0.07
0.07
0.07
2021 0.17
0.05
0.22
0.06
0.06
2020 0.21
0.05
0.05
0.05
0.05
2019 0.09
0.04
0.22
0.05
0.33
2018 0.17
0.04
0.15
0.04
0.04
0.04
2017 0.08
0.04
0.15
0.04
0.15
2016 0.26
0.04
0.04
0.15
0.15
0.04
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 1,363 1,975 2,540 2,607
Receivables 6,947 6,885 6,972 7,403
Inventory — — — —
Other — — — —
8,311 8,860 9,512 10,009
2023 2024 2025 Q'26
Payables 25,293 27,412 29,545 30,928
ST’ Debt — — — —
Other — — — —
25,293 27,412 29,545 30,928

Compound Annual Growth %

10y 5y 3y
Sales 7.39% 12.67% 9.62%
Cash Flow 15.06% 17.25% 11.73%
Earnings 13.45% 27.38% 8.81%
Book Value 7.68% 8.95% 12.79%

Revenue $m

Mar Jun Sep Dec Year
’26 3,690 3,716 — — —
’25 3,547 3,671 3,768 3,721 14,708
’24 3,257 3,314 3,400 3,668 13,639
’23 2,895 2,996 3,031 3,221 12,143
’22 2,915 2,513 2,724 3,014 11,167
’21 2,157 2,296 2,424 2,578 9,455
’20 1,811 1,936 2,040 2,312 8,099
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 668 800 — — —
’25 744 704 1,140 995 3,583
’24 746 881 1,241 810 3,678
’23 445 709 1,077 698 2,929
’22 478 528 768 795 2,569
’21 311 385 829 660 2,184
’20 153 427 557 480 1,617
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 658 724 — — —
’25 713 682 1,127 906 3,427
’24 661 843 1,205 796 3,506
’23 441 680 1,053 700 2,874
’22 497 481 742 751 2,470
’21 310 540 804 630 2,284
’20 114 413 537 694 1,757
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 1.31 1.15 — — —
’25 1.04 1.00 1.28 1.13 4.45
’24 1.09 0.92 0.91 1.44 4.36
’23 0.71 0.87 0.82 0.98 3.37
’22 1.41 0.43 0.55 0.91 3.29
’21 0.55 0.56 0.62 0.71 2.44
’20 (0.01) 0.17 0.36 0.74 1.25
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 14.09 18.37 19.89 21.07 19.13 27.33 35.56 37.00 47.18 55.97

Analyst estimates 2026–2028

Powerpack
High 19.83 21.68 23.91 34.46 35.52 37.75 51.33 50.35 65.49 78.96
People
People Employees 7,683 7,222 7,448 7,493 7,495 7,681 8,186 8,329 8,606 8,804
Revenue/emp, $m 1.00 1.06 1.03 1.05 1.08 1.23 1.36 1.46 1.58 1.67
Income, $m
Income, $m Revenue 7,654 7,685 7,692 7,902 8,099 9,455 11,167 12,143 13,639 14,708
Gross margin, % 49.76 47.92 48.32 47.72 44.82 47.61 47.51 47.52 47.71 47.16
EBT 896 773 812 853 705 1,283 1,720 1,754 2,264 2,281
EBT margin, % 11.71 10.06 10.56 10.79 8.70 13.57 15.40 14.45 16.60 15.51
Net income 602 549 641 682 531 1,022 1,381 1,381 1,756 1,779
Depreciation 86 113 131 113 135 130 56 (21) (171) (48)
Per share, $
Per share, $ Revenue 18.49 18.26 17.99 18.39 19.26 22.76 26.89 29.87 34.12 37.05
Earnings 1.45 1.30 1.50 1.59 1.26 2.46 3.33 3.40 4.39 4.48
Cash flow 2.05 1.69 1.45 2.66 3.84 5.26 6.19 7.21 9.20 9.02
Capex (0.85) (0.84) (1.32) (0.48) 0.33 0.24 (0.24) (0.14) (0.43) (0.39)
Free cash flow 1.20 0.85 0.13 2.18 4.18 5.50 5.95 7.07 8.77 8.63
Book value 12.27 12.96 12.82 14.24 15.04 16.05 16.30 18.37 21.03 24.47
Shares, m 414 421 428 430 421 416 415 407 400 397
Valuation, ×
Valuation, × P/E 13.56 15.95 14.61 19.30 23.22 14.90 14.55 14.12 13.30 15.65
P/S 1.07 1.14 1.22 1.67 1.53 1.61 1.80 1.61 1.72 1.89
P/B 1.61 1.60 1.71 2.16 1.96 2.28 2.97 2.62 2.78 2.87
EV/Sales 1.29 1.34 1.47 1.87 1.58 1.79 1.92 1.73 1.78 1.91
EV/FCF 19.81 28.62 201.41 15.80 7.27 7.40 8.70 7.32 6.92 8.21
Cash, $m
Cash, $m Operating cash flow 848 711 620 1,144 1,617 2,184 2,569 2,929 3,678 3,583
Capex (350) (352) (564) (207) 141 100 (99) (55) (172) (155)
Free cash flow 498 359 56 937 1,757 2,284 2,470 2,874 3,506 3,427
Balance, $m
Balance, $m Working capital (9,968) (10,510) (10,678) (11,022) (10,794) (13,792) (15,182) (16,982) (18,552) (20,033)
Total debt 2,488 2,497 2,790 2,626 2,725 3,267 2,837 2,837 2,841 2,840
Net debt 1,693 1,547 1,972 1,603 353 1,698 1,388 1,474 866 300
Shareholders’ equity 5,081 5,451 5,480 6,118 6,326 6,668 6,768 7,469 8,407 9,712
Returns, %
Returns, % ROA 2.67 2.30 2.60 2.65 1.92 3.37 4.19 3.89 4.52 4.20
ROIC 9.57 8.22 8.13 8.15 8.00 10.68 14.18 13.15 16.12 15.03
ROE 12.39 10.43 11.72 11.76 8.53 15.74 20.56 19.40 22.12 19.64
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

W.R. Berkley Corporation vs peers in Insurance Property & Casualty (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
TRV The Travelers Companies, Inc. $80.1B 10.3× 10.8× +0.31% (above 0%: growing) +57.01% (above 0%: growing) −18.13% (below 0%: shrinking) 51.27% 23.70% Compare
ALL The Allstate Corporation $60.6B 4.9× 8.0× +11.80% (above 0%: growing) +61.07% (above 0%: growing) +38.26% (above 0%: growing) 46.58% 22.83% Compare
WRB W.R. Berkley Corporation $27.5B 15.3× 14.2× +1.23% (above 0%: growing) +14.85% (above 0%: growing) +6.14% (above 0%: growing) 47.24% 16.33%
CINF Cincinnati Financial Corporation $25.7B 8.0× 19.7× +31.59% (above 0%: growing) +85.84% (above 0%: growing) −5.29% (below 0%: shrinking) 37.46% 37.20% Compare
MKL Markel Group Inc. $22.6B 10.1× 12.8× +12.67% (above 0%: growing) +86.91% (above 0%: growing) −15.25% (below 0%: shrinking) 62.92% 30.09% Compare
L Loews Corporation $22.2B 13.5× 16.0× +3.93% (above 0%: growing) +15.51% (above 0%: growing) −18.81% (below 0%: shrinking) 54.18% 15.10% Compare
AIZ Assurant, Inc. $13.9B 13.4× 12.9× +9.37% (above 0%: growing) +30.00% (above 0%: growing) +99.03% (above 0%: growing) 78.34% 11.73% Compare
CNA CNA Financial Corporation $12.8B 10.5× 10.9× +3.01% (above 0%: growing) +7.27% (above 0%: growing) +16.91% (above 0%: growing) 43.35% 11.44% Compare
AFG American Financial Group, Inc. $12.1B 13.0× 11.3× +5.51% (above 0%: growing) +44.44% (above 0%: growing) −68.13% (below 0%: shrinking) 23.15% 16.75% Compare
Median of peers $22.4B 10.4× 12.1× +7.44% +50.73% −10.27% 48.93% 19.79%

All 45 Insurance Property & Casualty stocks →

WRB metrics, ten years each

W.R. Berkley Corporation (WRB) key facts

  • Strength: W.R. Berkley Corporation’s revenue for fiscal 2025 (year ended December 2025) was $14.7 billion, up 7.84% from fiscal 2024.
  • Strength: Net income was $1.8 billion, or $4.48 per share (basic), a net margin of 12.1%.
  • W.R. Berkley Corporation (WRB) is an Insurance Property & Casualty company in the Financial sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, WRB traded at $75.00, a market capitalization of $27.5 billion.
  • At that price the stock trades at 15.3× trailing-twelve-month earnings and 2.0× sales; its P/E is higher than 58% of its own readings over the past ten years.
  • W.R. Berkley Corporation pays an annual dividend of $0.19 per share, a yield of 0.25%, with a payout ratio of 3.90%.
  • Return on equity was 19.6% and debt-to-equity 0.29.
  • Its Piotroski F-score is 5 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

W.R. Berkley Corporation (WRB) Latest News

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stockrow.com/WRB · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com