WRB · Berkley W R Corp · Financials

$73.80 +0.25 (+0.34%)

S&P 500 member Russell 1000 member Rebalance outlook locked

Market Cap

$27.30B

371.23M

Volume · Oct 14 2.02M Avg daily vol (3M) 2.49M

Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.

Pull these statements through the financial statements API or MCP →

Revenue

$14.71B +7.8%

FY2025

Net Income

$1.78B +1.3%

FY2025

Diluted EPS

$4.45 +2.1%

FY2025

Operating Cash Flow

$3.58B -2.6%

FY2025

Chart any reported metric, KPI or segment over time — the full statement history lives here

Income Statement Balance Sheet Cash Flow Adjusted All Metrics

Annual Quarterly

Line Item	3Y	5Y	10Y	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008
Revenue	+9.6%	+12.7%	+7.4%	$14.9B	$14.71B	$13.64B	$12.14B	$11.17B	$9.46B	$8.1B	$7.9B	$7.69B	$7.68B	$7.65B	$7.21B	$7.13B	$6.41B	$5.82B	$5.16B	$4.72B	$4.43B	$4.71B
Premiums Earned (Net)	+9.2%	+12.4%	+7.5%	$12.64B	$12.45B	$11.55B	$10.4B	$9.56B	$8.11B	$6.93B	$6.63B	$6.37B	$6.31B	$6.29B	$6.04B	$5.74B	$5.23B	$4.67B	$4.16B	$3.84B	$3.81B	$4.29B
Depreciation & Amortization	—	—	—	-$61.97M	-$48.13M	-$170.64M	-$20.86M	$55.87M	$129.68M	$135.07M	$113.39M	$131.11M	$112.96M	$86.05M	$85.14M	$88.84M	$103.09M	$103.42M	$88.01M	$82.87M	$78.88M	$83.95M
Impairment of Real Estate	—	—	—	—	—	—	$72M	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Interest Expense	-0.9%	-3.4%	-0.3%	$126.83M	$126.89M	$126.91M	$127.46M	$130.37M	$147.18M	$150.54M	$153.41M	$157.19M	$147.3M	$140.9M	$130.95M	$128.17M	$123.18M	$126.3M	$112.51M	$106.97M	$87.99M	$84.62M
Gain on Sales of Real Estate	-55.1%	-23.5%	—	—	$26.54M	-$2.65M	-$70.93M	$293.53M	$94.91M	$101.55M	$5.97M	$27.82M	$12.88M	$7.76M	$0	$85.66M	$0	$0	—	—	—	—
Equity in Earnings of Unconsolidated Entities	-42.5%	-12.7%	-7.8%	$41.6M	$27.58M	-$11.49M	$16.74M	$145.1M	$220.01M	$54.25M	$69.19M	$109.35M	$68.17M	$99.3M	$62.23M	$131.65M	$67.71M	$77.02M	$9.45M	-$8.17M	-$173.55M	-$3.55M
Investment Income (Loss)	-13.2%	+5.1%	—	$13.93M	$132.22M	$117.71M	$47.04M	$202.4M	$90.63M	$103M	$120.7M	$154.49M	$335.86M	$267.01M	—	—	—	$210.47M	$125.48M	$56.58M	-$38.41M	-$356.93M
Pretax Income	+9.9%	+26.5%	+12.0%	$2.41B	$2.28B	$2.26B	$1.75B	$1.72B	$1.28B	$704.8M	$852.92M	$812.09M	$772.77M	$896.44M	$732.03M	$952.2M	$698.89M	$701.93M	$513.09M	—	—	—
Income Tax	+14.0%	+23.6%	+8.1%	$476.77M	$495.76M	$509.92M	$370.56M	$334.73M	$251.89M	$171.82M	$168.94M	$163.03M	$219.43M	$292.95M	$227.92M	$302.59M	$193.59M	$191.29M	$121.95M	$152.23M	$73.15M	$44.92M
Net Income	+8.8%	+27.4%	+13.5%	$1.93B	$1.78B	$1.76B	$1.38B	$1.38B	$1.02B	$530.67M	$681.94M	$640.75M	$549.09M	$601.92M	$503.69M	$648.88M	$499.93M	$510.59M	$391.21M	$446.41M	$309.06M	$281.14M
Net Margin	—	—	—	—	12.1%	12.88%	11.38%	12.37%	10.81%	6.55%	8.63%	8.33%	7.15%	7.86%	6.99%	9.1%	7.8%	8.77%	7.59%	9.45%	6.97%	5.97%
Net Income Attributable to Noncontrolling Interests	+11.4%	+18.4%	+29.3%	$6.58M	$5.38M	-$1.54M	$2.49M	$3.89M	$8.53M	$2.32M	$2.04M	$8.32M	$4.24M	$1.57M	$413K	$719K	$5.38M	$51K	-$70K	$279K	$23K	$262K
Comprehensive Income	+78.4%	+26.4%	+24.5%	$1.86B	$2.26B	$1.75B	$1.72B	$398.44M	$802.71M	$700.85M	$934.91M	$276.37M	$562.03M	$724.3M	$253.45M	$643.04M	$223.69M	$621.37M	$469.5M	$559.76M	$701.22M	-$1.02M
EPS (Basic) USD/shares	+10.4%	+28.9%	+9.5%	$4.89	$4.48	$4.39	$3.40	$3.33	$2.46	$1.26	$1.59	$1.50	$1.30	$2.18	$1.80	$2.25	$1.64	$1.65	$1.24	$1.33	$0.86	$0.75
EPS (Diluted) USD/shares	+10.6%	+29.0%	+10.0%	$4.87	$4.45	$4.36	$3.37	$3.29	$2.44	$1.25	$1.56	$1.48	$1.26	$2.08	$1.72	$2.16	$1.58	$1.58	$1.20	$1.28	$0.83	$0.72
Shares Outstanding (Basic Avg) shares	+885.1%	+293.5%	+3.6%	—	396.97M	399.73M	406.5M	415.28K	416.15K	420.58K	429.12K	427.61K	421.35K	275.96M	279.09M	287.72M	304.44M	308.47M	314.3M	334.69M	360.8M	—
Shares Outstanding (Diluted Avg) shares	+884.4%	+293.3%	+3.2%	—	399.86M	403.22M	409.95M	419.19K	419.62K	424.72K	435.42K	432.89K	435.44K	289.24M	292.92M	300.72M	316.67M	322.46M	327.76M	348.93M	374.79M	—

Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing. TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative.

Capital Returned to Shareholders

Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2008–FY2025: $4.01B in buybacks, $3.99B in dividends.

Debt Profile

Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.

Reported debt balances

Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.

Reported balance	As of	Amount	Source
Operating lease liabilities	2026-06-30	USD 262,848,000	10-Q filed 2026-07-31

Instrument and agreement coverage is incomplete. Additional filings are awaiting review.

1 filing has incomplete source or extraction coverage. Verified observations are shown; missing observations do not establish that debt was unchanged.

Covenants

Covenant terms have not yet been verified for this profile.

The balance figures do not establish whether covenants apply or whether the company complies with them.

Loans, facilities and notes

5.700% Subordinated Debentures due 2058

Note · W. R. Berkley Corporation

Reference: 5.700% Subordinated Debentures due 2058

Active

Original principal: USD 185,000,000
Outstanding: —
Commitment: —
Availability: —
Maturity: Mar 30, 2058

Last reported interest terms: 5.7% Reported 2026-02-27 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history

SeriesInstrument · EX-4.1 · 2026-02-27 — EX-4.1

Baseline · 2026-02-27 Original principal USD 185,000,000 Exact source document Parent 10-K filing · 2026-02-27
The Debentures were initially issued in the following aggregate principal amounts: $185,000,000 (2058 Debentures), $300,000,000 (2059 Debentures), $250,000,000 (2060 Debentures) and $300,000,000 (2061 Debentures).

Issuer evidence: As of February 23, 2026, W. R. Berkley Corporation (the “Company” or “we”) has five classes of securities registered under Section 12 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”): (1) our common stock, par value $0.20 per share (“Common Stock”); (2) our 5.700% Subordinated Debentures due 2058 (the “2058 Debentures”); (3) our 5.100% Subordinated Debentures due 2059 (the “2059 Debentures”); (4) our 4.250% Subordinated Debentures due 2060 (the “2060 Debentures”); and (5) our 4.125% Subordinated Debentures due 2061 (the “2061 Debentures,” and together with the 2058 Debentures, the 2059 Debentures and the 2060 Debentures, the “Debentures”).

Supporting evidence: The maturity dates of the Debentures are as follows: March 30, 2058 (2058 Debentures), December 30, 2059 (2059 Debentures), September 30, 2060 (2060 Debentures) and March 30, 2061 (2061 Debentures).

Supporting evidence: The 2058 Debentures bear interest at an annual rate of 5.700%, the 2059 Debentures bear interest at an annual rate of 5.100%, the 2060 Debentures bear interest at an annual rate of 4.250% and the 2061 Debentures bear interest at an annual rate of 4.125%.

Supporting evidence: As of February 23, 2026, W. R. Berkley Corporation (the “Company” or “we”) has five classes of securities registered under Section 12 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”): (1) our common stock, par value $0.20 per share (“Common Stock”); (2) our 5.700% Subordinated Debentures due 2058 (the “2058 Debentures”); (3) our 5.100% Subordinated Debentures due 2059 (the “2059 Debentures”); (4) our 4.250% Subordinated Debentures due 2060 (the “2060 Debentures”); and (5) our 4.125% Subordinated Debentures due 2061 (the “2061 Debentures,” and together with the 2058 Debentures, the 2059 Debentures and the 2060 Debentures, the “Debentures”).

Supporting evidence: As of February 23, 2026, W. R. Berkley Corporation (the “Company” or “we”) has five classes of securities registered under Section 12 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”): (1) our common stock, par value $0.20 per share (“Common Stock”); (2) our 5.700% Subordinated Debentures due 2058 (the “2058 Debentures”); (3) our 5.100% Subordinated Debentures due 2059 (the “2059 Debentures”); (4) our 4.250% Subordinated Debentures due 2060 (the “2060 Debentures”); and (5) our 4.125% Subordinated Debentures due 2061 (the “2061 Debentures,” and together with the 2058 Debentures, the 2059 Debentures and the 2060 Debentures, the “Debentures”).

5.100% Subordinated Debentures due 2059

Note · W. R. Berkley Corporation

Reference: 5.100% Subordinated Debentures due 2059

Active

Original principal: USD 300,000,000
Outstanding: —
Commitment: —
Availability: —
Maturity: Dec 30, 2059

Last reported interest terms: 5.1% Reported 2026-02-27 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history

SeriesInstrument · EX-4.1 · 2026-02-27 — EX-4.1

Baseline · 2026-02-27 Original principal USD 300,000,000 Exact source document Parent 10-K filing · 2026-02-27
The Debentures were initially issued in the following aggregate principal amounts: $185,000,000 (2058 Debentures), $300,000,000 (2059 Debentures), $250,000,000 (2060 Debentures) and $300,000,000 (2061 Debentures).

Issuer evidence: As of February 23, 2026, W. R. Berkley Corporation (the “Company” or “we”) has five classes of securities registered under Section 12 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”): (1) our common stock, par value $0.20 per share (“Common Stock”); (2) our 5.700% Subordinated Debentures due 2058 (the “2058 Debentures”); (3) our 5.100% Subordinated Debentures due 2059 (the “2059 Debentures”); (4) our 4.250% Subordinated Debentures due 2060 (the “2060 Debentures”); and (5) our 4.125% Subordinated Debentures due 2061 (the “2061 Debentures,” and together with the 2058 Debentures, the 2059 Debentures and the 2060 Debentures, the “Debentures”).

Supporting evidence: The maturity dates of the Debentures are as follows: March 30, 2058 (2058 Debentures), December 30, 2059 (2059 Debentures), September 30, 2060 (2060 Debentures) and March 30, 2061 (2061 Debentures).

Supporting evidence: The 2058 Debentures bear interest at an annual rate of 5.700%, the 2059 Debentures bear interest at an annual rate of 5.100%, the 2060 Debentures bear interest at an annual rate of 4.250% and the 2061 Debentures bear interest at an annual rate of 4.125%.

Supporting evidence: As of February 23, 2026, W. R. Berkley Corporation (the “Company” or “we”) has five classes of securities registered under Section 12 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”): (1) our common stock, par value $0.20 per share (“Common Stock”); (2) our 5.700% Subordinated Debentures due 2058 (the “2058 Debentures”); (3) our 5.100% Subordinated Debentures due 2059 (the “2059 Debentures”); (4) our 4.250% Subordinated Debentures due 2060 (the “2060 Debentures”); and (5) our 4.125% Subordinated Debentures due 2061 (the “2061 Debentures,” and together with the 2058 Debentures, the 2059 Debentures and the 2060 Debentures, the “Debentures”).

Supporting evidence: As of February 23, 2026, W. R. Berkley Corporation (the “Company” or “we”) has five classes of securities registered under Section 12 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”): (1) our common stock, par value $0.20 per share (“Common Stock”); (2) our 5.700% Subordinated Debentures due 2058 (the “2058 Debentures”); (3) our 5.100% Subordinated Debentures due 2059 (the “2059 Debentures”); (4) our 4.250% Subordinated Debentures due 2060 (the “2060 Debentures”); and (5) our 4.125% Subordinated Debentures due 2061 (the “2061 Debentures,” and together with the 2058 Debentures, the 2059 Debentures and the 2060 Debentures, the “Debentures”).

4.250% Subordinated Debentures due 2060

Note · W. R. Berkley Corporation

Reference: 4.250% Subordinated Debentures due 2060

Active

Original principal: USD 250,000,000
Outstanding: —
Commitment: —
Availability: —
Maturity: Sep 30, 2060

Last reported interest terms: 4.25% Reported 2026-02-27 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history

SeriesInstrument · EX-4.1 · 2026-02-27 — EX-4.1

Baseline · 2026-02-27 Original principal USD 250,000,000 Exact source document Parent 10-K filing · 2026-02-27
The Debentures were initially issued in the following aggregate principal amounts: $185,000,000 (2058 Debentures), $300,000,000 (2059 Debentures), $250,000,000 (2060 Debentures) and $300,000,000 (2061 Debentures).

Issuer evidence: As of February 23, 2026, W. R. Berkley Corporation (the “Company” or “we”) has five classes of securities registered under Section 12 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”): (1) our common stock, par value $0.20 per share (“Common Stock”); (2) our 5.700% Subordinated Debentures due 2058 (the “2058 Debentures”); (3) our 5.100% Subordinated Debentures due 2059 (the “2059 Debentures”); (4) our 4.250% Subordinated Debentures due 2060 (the “2060 Debentures”); and (5) our 4.125% Subordinated Debentures due 2061 (the “2061 Debentures,” and together with the 2058 Debentures, the 2059 Debentures and the 2060 Debentures, the “Debentures”).

Supporting evidence: The maturity dates of the Debentures are as follows: March 30, 2058 (2058 Debentures), December 30, 2059 (2059 Debentures), September 30, 2060 (2060 Debentures) and March 30, 2061 (2061 Debentures).

Supporting evidence: The 2058 Debentures bear interest at an annual rate of 5.700%, the 2059 Debentures bear interest at an annual rate of 5.100%, the 2060 Debentures bear interest at an annual rate of 4.250% and the 2061 Debentures bear interest at an annual rate of 4.125%.

Supporting evidence: As of February 23, 2026, W. R. Berkley Corporation (the “Company” or “we”) has five classes of securities registered under Section 12 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”): (1) our common stock, par value $0.20 per share (“Common Stock”); (2) our 5.700% Subordinated Debentures due 2058 (the “2058 Debentures”); (3) our 5.100% Subordinated Debentures due 2059 (the “2059 Debentures”); (4) our 4.250% Subordinated Debentures due 2060 (the “2060 Debentures”); and (5) our 4.125% Subordinated Debentures due 2061 (the “2061 Debentures,” and together with the 2058 Debentures, the 2059 Debentures and the 2060 Debentures, the “Debentures”).

Supporting evidence: As of February 23, 2026, W. R. Berkley Corporation (the “Company” or “we”) has five classes of securities registered under Section 12 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”): (1) our common stock, par value $0.20 per share (“Common Stock”); (2) our 5.700% Subordinated Debentures due 2058 (the “2058 Debentures”); (3) our 5.100% Subordinated Debentures due 2059 (the “2059 Debentures”); (4) our 4.250% Subordinated Debentures due 2060 (the “2060 Debentures”); and (5) our 4.125% Subordinated Debentures due 2061 (the “2061 Debentures,” and together with the 2058 Debentures, the 2059 Debentures and the 2060 Debentures, the “Debentures”).

4.125% Subordinated Debentures due 2061

Note · W. R. Berkley Corporation

Reference: 4.125% Subordinated Debentures due 2061

Active

Original principal: USD 300,000,000
Outstanding: —
Commitment: —
Availability: —
Maturity: Mar 30, 2061

Last reported interest terms: 4.125% Reported 2026-02-27 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history

SeriesInstrument · EX-4.1 · 2026-02-27 — EX-4.1

Baseline · 2026-02-27 Original principal USD 300,000,000 Exact source document Parent 10-K filing · 2026-02-27
The Debentures were initially issued in the following aggregate principal amounts: $185,000,000 (2058 Debentures), $300,000,000 (2059 Debentures), $250,000,000 (2060 Debentures) and $300,000,000 (2061 Debentures).

Issuer evidence: As of February 23, 2026, W. R. Berkley Corporation (the “Company” or “we”) has five classes of securities registered under Section 12 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”): (1) our common stock, par value $0.20 per share (“Common Stock”); (2) our 5.700% Subordinated Debentures due 2058 (the “2058 Debentures”); (3) our 5.100% Subordinated Debentures due 2059 (the “2059 Debentures”); (4) our 4.250% Subordinated Debentures due 2060 (the “2060 Debentures”); and (5) our 4.125% Subordinated Debentures due 2061 (the “2061 Debentures,” and together with the 2058 Debentures, the 2059 Debentures and the 2060 Debentures, the “Debentures”).

Supporting evidence: The maturity dates of the Debentures are as follows: March 30, 2058 (2058 Debentures), December 30, 2059 (2059 Debentures), September 30, 2060 (2060 Debentures) and March 30, 2061 (2061 Debentures).

Supporting evidence: The 2058 Debentures bear interest at an annual rate of 5.700%, the 2059 Debentures bear interest at an annual rate of 5.100%, the 2060 Debentures bear interest at an annual rate of 4.250% and the 2061 Debentures bear interest at an annual rate of 4.125%.

Supporting evidence: As of February 23, 2026, W. R. Berkley Corporation (the “Company” or “we”) has five classes of securities registered under Section 12 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”): (1) our common stock, par value $0.20 per share (“Common Stock”); (2) our 5.700% Subordinated Debentures due 2058 (the “2058 Debentures”); (3) our 5.100% Subordinated Debentures due 2059 (the “2059 Debentures”); (4) our 4.250% Subordinated Debentures due 2060 (the “2060 Debentures”); and (5) our 4.125% Subordinated Debentures due 2061 (the “2061 Debentures,” and together with the 2058 Debentures, the 2059 Debentures and the 2060 Debentures, the “Debentures”).

Supporting evidence: As of February 23, 2026, W. R. Berkley Corporation (the “Company” or “we”) has five classes of securities registered under Section 12 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”): (1) our common stock, par value $0.20 per share (“Common Stock”); (2) our 5.700% Subordinated Debentures due 2058 (the “2058 Debentures”); (3) our 5.100% Subordinated Debentures due 2059 (the “2059 Debentures”); (4) our 4.250% Subordinated Debentures due 2060 (the “2060 Debentures”); and (5) our 4.125% Subordinated Debentures due 2061 (the “2061 Debentures,” and together with the 2058 Debentures, the 2059 Debentures and the 2060 Debentures, the “Debentures”).

Price & Valuation

Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.

Valuation

EV/Revenue

—

Peer median 1.48×

EV/EBIT

—

Peer median 8.01×

P/E (TTM)

15.10×

Peer median 10.56×

Peer medians compare against the 21 similar-size Insurance - Property & Casualty companies (of 44 listed).

Valuation over time computed as of each quarter's filing date

Revenue Breakdown

Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.

Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.

By Segment (USD)

Component	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Insurance Domestic Segment	$12,095,601,000	$11,181,501,000	$9,827,866,000	$8,749,019,000	$7,578,592,000	$6,478,834,000	$6,397,074,000	$6,208,290,000
Reinsurance and Monoline Excess Segment	$1,781,761,000	$1,696,905,000	$1,615,277,000	$1,590,113,000	$1,203,647,000	$1,009,203,000	$877,551,000	$848,966,000

By Geography (USD)

Component	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Non Us	$1,924,000,000	$1,956,000,000	$1,634,000,000	$1,441,000,000	$1,253,000,000	$984,000,000	$975,000,000	$942,300,000

Key facts CIK 11544 CUSIP 084423102 13F (30d) 72 filings 64 filers Visit website Investor relations