W. R. Berkley Corporation logo

W. R. Berkley Corporation

WRB

NYSEFinancial ServicesInsurance - Property & Casualty

Previous close

$68.60

−$0.58 · -0.84%

Aug 21, 4:00 PM ET

Pre-market

$68.65

+$0.05 · +0.07%

Aug 24, 7:24 AM ET

WRB company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

68

Undervalued

Momentum

49

Neutral

Sentiment

68

Bullish

Risk resilience

82

Low Risk

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Company profile

Company website

W. R. Berkley Corporation functions as an insurance holding company, primarily underwriting commercial policies across the United States and globally. Its extensive operations are divided into two principal divisions: Insurance, and Reinsurance & Monoline Excess. The Insurance segment delivers a wide spectrum of commercial insurance solutions. This includes foundational coverages such as general liability, property, commercial auto, and professional liability, alongside specialized offerings like workers' compensation, environmental policies for diverse businesses, directors and officers (D&O) liability, cyber risk protection, and niche policies for fine arts and jewelry. The segment also extends to personal lines, providing home and automobile insurance, and specialized liability products for sectors such as law enforcement and public officials. Additionally, it offers accident and health insurance, group life, and crime and fidelity products, coupled with risk management and alternative risk program services. The Reinsurance & Monoline Excess segment focuses on assisting other insurance carriers and self-insured entities in effectively managing their overall risk exposure. This is accomplished through both treaty reinsurance, which handles portfolios of policies, and facultative reinsurance, designed for individual risks. Founded in 1967, W. R. Berkley Corporation is headquartered in Greenwich, Connecticut.

Industry
Insurance - Property & Casualty
Sector
Financial Services
Headquarters
US
CEO
William Robert Berkley Jr.
Listed since
Oct 23, 1973
Employees
8,804

Market position

Day range

Current $68.60

52-week range

Current $68.60

Open
$69.47
Previous close
$69.18
Volume
1.08M
0.52× average
Average volume
2.07M
Average daily volume
Market cap
25.54B USD
Beta
0.29
Market reference 1
50-day average
$71.0246
-3.41% below average
200-day average
$69.6189
-1.46% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
28.12B USD
P/E (TTM)
14.03×
P/B (TTM)
2.62×
P/S (TTM)
1.42×
EV / EBITDA
11.85×
Earnings yield
6.40%
Free cash flow yield
12.47%
Dividend yield
2.73%

Profitability & efficiency

Gross margin
44.85%
Operating margin
13.69%
Net margin
10.71%
Return on equity
18.34%
Return on assets
4.04%
Return on invested capital
10.42%

Financial health

Debt / equity
0.28×
Current ratio
1.39×
Altman Z-score
1.72
Piotroski F-score
8 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends24%19%14%10%Gross margin, FY2021: 21.39%Gross margin, FY2022: 21.83%Gross margin, FY2023: 22.44%Gross margin, FY2024: 22.89%Gross margin, FY2025: 19.81%Operating margin, FY2021: 13.57%Operating margin, FY2022: 15.40%Operating margin, FY2023: 14.45%Operating margin, FY2024: 16.60%Operating margin, FY2025: 15.87%Net margin, FY2021: 10.81%Net margin, FY2022: 12.37%Net margin, FY2023: 11.38%Net margin, FY2024: 12.88%Net margin, FY2025: 12.10%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 21.39%. Gross margin FY2022 21.83%. Gross margin FY2023 22.44%. Gross margin FY2024 22.89%. Gross margin FY2025 19.81%. Operating margin FY2021 13.57%. Operating margin FY2022 15.40%. Operating margin FY2023 14.45%. Operating margin FY2024 16.60%. Operating margin FY2025 15.87%. Net margin FY2021 10.81%. Net margin FY2022 12.37%. Net margin FY2023 11.38%. Net margin FY2024 12.88%. Net margin FY2025 12.10%.

Income trends

Revenue

14.71B USD+7.82%

Operating income

2.33B USD+3.08%

Net income

1.78B USD+1.33%
Income trends across reported periods16.07B USD10.6B USD5.13B USD−345.81M USDRevenue, FY2021: 9.46B USDRevenue, FY2022: 11.17B USDRevenue, FY2023: 12.14B USDRevenue, FY2024: 13.64B USDRevenue, FY2025: 14.71B USDOperating income, FY2021: 1.28B USDOperating income, FY2022: 1.72B USDOperating income, FY2023: 1.75B USDOperating income, FY2024: 2.26B USDOperating income, FY2025: 2.33B USDNet income, FY2021: 1.02B USDNet income, FY2022: 1.38B USDNet income, FY2023: 1.38B USDNet income, FY2024: 1.76B USDNet income, FY2025: 1.78B USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 9.46B USD. Revenue FY2022 11.17B USD. Revenue FY2023 12.14B USD. Revenue FY2024 13.64B USD. Revenue FY2025 14.71B USD. Operating income FY2021 1.28B USD. Operating income FY2022 1.72B USD. Operating income FY2023 1.75B USD. Operating income FY2024 2.26B USD. Operating income FY2025 2.33B USD. Net income FY2021 1.02B USD. Net income FY2022 1.38B USD. Net income FY2023 1.38B USD. Net income FY2024 1.76B USD. Net income FY2025 1.78B USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue14.71B USD13.64B USD12.14B USD11.17B USD9.46B USD
Cost of goods sold11.79B USD10.52B USD9.42B USD8.73B USD7.43B USD
Gross profit2.91B USD3.12B USD2.72B USD2.44B USD2.02B USD
Operating expenses579.43M USD857.12M USD969.99M USD718.33M USD739.87M USD
Interest expense126.89M USD126.91M USD127.46M USD130.37M USD147.18M USD
Depreciation and amortization−32.82M USD−170.64M USD−20.86M USD55.87M USD129.68M USD
Operating income2.33B USD2.26B USD1.75B USD1.72B USD1.28B USD
Net income1.78B USD1.76B USD1.38B USD1.38B USD1.02B USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
73%
8 beats, 2 misses, 1 met estimate
Average EPS surprise
+4.43%
11 comparable reports
Latest EPS result
1.27
Estimate 1.08 · Beat by 17.59%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.351.21.060.91Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25MissQ1 '26MetQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 27, 2025: actual 1.13, estimate 0.959, surprise +17.83%, Beat. Q2 2025, reported Apr 21, 2025: actual 1.01, estimate 0.985, surprise +2.54%, Beat. Q3 2025, reported Jul 21, 2025: actual 1.05, estimate 1.03, surprise +1.94%, Beat. Q4 2025, reported Oct 20, 2025: actual 1.1, estimate 1.11, surprise -0.90%, Miss. Q1 2026, reported Jan 26, 2026: actual 1.13, estimate 1.13, surprise 0.00%, Met estimate. Q2 2026, reported Apr 21, 2026: actual 1.3, estimate 1.13, surprise +15.04%, Beat. Q3 2026, reported Jul 20, 2026: actual 1.27, estimate 1.08, surprise +17.59%, Beat. Q4 2026, reported Oct 19, 2026: actual —, estimate 1.12, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates3.92B3.55B3.19B2.83BQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 27, 2025: actual 3.72B USD, estimate 2.98B USD, surprise +25.03%, Beat. Q2 2025, reported Apr 21, 2025: actual 3.55B USD, estimate 3.02B USD, surprise +17.62%, Beat. Q3 2025, reported Jul 21, 2025: actual 3.67B USD, estimate 3.1B USD, surprise +18.41%, Beat. Q4 2025, reported Oct 20, 2025: actual 3.77B USD, estimate 3.15B USD, surprise +19.46%, Beat. Q1 2026, reported Jan 26, 2026: actual 3.18B USD, estimate 3.14B USD, surprise +1.12%, Beat. Q2 2026, reported Apr 21, 2026: actual 3.12B USD, estimate 3.19B USD, surprise -2.44%, Miss. Q3 2026, reported Jul 20, 2026: actual 3.72B USD, estimate 3.28B USD, surprise +13.20%, Beat. Q4 2026, reported Oct 19, 2026: actual —, estimate 3.77B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Rating distribution

30 ratings
Strong buy00%
Buy723%
Hold1757%
Sell620%
Strong sell00%

WRB peers

ETFs holding WRB

Funds reporting this stock among their holdings, ordered by reported position size.

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