WRB
W.R. Berkley CorporationStock · FinancialsS&P 500 Equal Weight 0.2% · S&P 500 0.03% · US Stock Market 0.03% · Russell 1000 0.02% · Russell 3000 0.02% · MSCI ACWI 0.02% · MSCI World 0.02%$69.90-0.21%
as of market close, Sep 11, 2026
☾ AH — —
WRB financial statements
The full income statement, balance sheet, and cash-flow statement for W.R. Berkley Corporation (WRB), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 570.8M2024-09 381.1M2024-12 379.2M2025-03 379.4M2025-06 379.3M2025-09 380.0M2025-12 374.5M2026-03 372.3M2026-06 371.2M-35.0% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 14.7B+7.8% | 13.6B+12.3% | 12.1B+8.7% | 11.2B+18.1% | 9.46B+16.7% | |
| Interest expense | 127M-0.0% | 127M-0.4% | 127M-2.2% | 130M-11.4% | 147M-2.2% | |
| Equity-method income | 27.6M+340.0% | -11.5M-168.6% | 16.7M-88.5% | 145M-34.1% | 220M+305.5% | |
| Gain (loss) on equity securities | 96.3M-20.3% | 121M+71.5% | 70.4M+11246.8% | -632K+98.4% | -38.5M-48.7% | |
| Pre-tax income | 2.28B+0.7% | 2.26B+29.1% | 1.75B+2.0% | 1.72B+34.0% | 1.28B+82.0% | |
| Income tax | 496M-2.8% | 510M+37.6% | 371M+10.7% | 335M+32.9% | 252M+46.6% | |
| 1.78B+1.3% | 1.76B+27.1% | 1.38B+0.0% | 1.38B+35.1% | 1.02B+92.7% | ||
| Net income to non-controlling interest | 5.38M+449.5% | -1.54M-161.8% | 2.49M-36.1% | 3.89M-54.3% | 8.53M+268.3% | |
| $4.45+2.1% | $4.36+29.4% | $3.37+2.4% | $3.29+34.8% | $2.44+95.7% | ||
| EPS (basic) | $4.48+2.1% | $4.39+29.1% | $3.40+2.1% | $3.33+35.4% | $2.46+95.2% | |
| Weighted-avg shares (basic) | 397M-0.7% | 400M-1.7% | 407M-2.1% | 415M-0.2% | 416M-1.1% | |
| Weighted-avg shares (diluted) | 400M-0.8% | 403M-1.6% | 410M-2.2% | 419M-0.1% | 420M-1.2% | |
| Dividends per share | $1.85+32.1% | $1.40+8.5% | $1.29+118.6% | $0.59-34.0% | $0.89+332.3% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash & equivalents | 2.54B+28.6% | 1.97B+44.9% | 1.36B-5.9% | 1.45B-7.6% | 1.57B-33.9% | |
| 43.9B+8.3% | 40.6B+9.0% | 37.2B+9.9% | 33.9B+5.5% | 32.1B+12.2% | ||
| Property, plant & equipment | 596M+24.6% | 479M+12.1% | 427M+0.8% | 423M+0.8% | 420M+3.4% | |
| Operating lease right-of-use | 221M+23.0% | 180M+2.0% | 176M+4.3% | 169M-1.7% | 172M+4.7% | |
| Goodwill | 184M+0.0% | 184M+5.6% | 175M-5.9% | 186M+9.3% | 170M+0.0% | |
| Intangible assets | 86.0M-11.3% | 97.0M | — | — | — | |
| Deferred tax assets | 141M-35.7% | 220M-28.9% | 310M-9.1% | 341M+493.2% | 57.4M+97.6% | |
| 34.2B+6.4% | 32.2B+8.2% | 29.7B+9.7% | 27.1B+6.6% | 25.4B+14.1% | ||
| Operating lease liability (total) | 260M+19.3% | 218M-0.1% | 219M+7.1% | 204M-2.2% | 209M+2.5% | |
| Deferred tax liabilities | 39.0M-40.1% | 65.2M+52.7% | 42.7M+266.3% | 11.6M-33.3% | 17.5M-58.6% | |
| 9.70B+15.6% | 8.40B+12.6% | 7.46B+10.5% | 6.75B+1.4% | 6.65B+5.4% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | 159M+0.0% | 159M+0.0% | 159M+50.0% | 106M+0.0% | 106M+50.0% | |
| Additional paid-in capital | 988M+0.3% | 985M+2.1% | 965M-3.3% | 998M+1.7% | 981M-3.1% | |
| Retained earnings | 13.3B+8.8% | 12.3B+11.1% | 11.0B+8.7% | 10.2B+12.7% | 9.02B+8.0% | |
| Treasury stock | 4.34B+6.4% | 4.08B+7.8% | 3.78B+16.4% | 3.25B+2.7% | 3.17B+3.6% | |
| Accumulated other comprehensive income | -451M+51.7% | -934M-0.9% | -926M+26.8% | -1.26B-348.5% | -282M-353.5% | |
| Non-controlling interest | 11.1M-10.2% | 12.3M-10.7% | 13.8M-30.4% | 19.8M+34.7% | 14.7M-1.8% | |
| Total equity incl. non-controlling | 9.71B+15.5% | 8.41B+12.6% | 7.47B+10.4% | 6.77B+1.5% | 6.67B+5.4% | |
| Total liabilities & equity | 43.9B+8.3% | 40.6B+9.0% | 37.2B+9.9% | 33.9B+5.5% | 32.1B+12.2% | |
| Common shares issued | 377M-0.8% | 380M-1.2% | 385M-3.0% | 397M-0.2% | 398M-0.6% | |
| Common shares outstanding | 377M-0.8% | 380M-1.2% | 385M-3.0% | 397M-0.2% | 398M-0.6% | |
| Shares outstanding (cover) | 374M-1.2% | 379M-1.5% | 385M-2.6% | 395M-0.7% | 398M-0.3% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 3.58B-2.6% | 3.68B+25.6% | 2.93B+14.0% | 2.57B+17.6% | 2.18B+35.1% | ||
| Depreciation & amortization | -48.1M+71.8% | -171M-718.0% | -20.9M-137.3% | 55.9M-56.9% | 130M-4.0% | |
| Share-based compensation | 54.5M+0.3% | 54.4M+6.6% | 51.0M+3.2% | 49.4M+5.9% | 46.7M-6.0% | |
| Deferred income taxes | -14.5M-115.0% | 96.4M+460.9% | -26.7M-565.7% | -4.01M-131.3% | 12.8M+192.3% | |
| -2.03B+7.1% | -2.18B-11.3% | -1.96B-3.7% | -1.89B+36.7% | -2.99B-2597.3% | ||
| Acquisitions | 0.00 | 0.00-100.0% | 11.6M-76.7% | 49.6M | 0.00 | |
| Sales/maturities of investments | 5.31B+8.6% | 4.89B+39.5% | 3.51B-28.3% | 4.89B-19.4% | 6.07B+57.0% | |
| -1.03B-20.4% | -852M+19.8% | -1.06B-37.6% | -772M-13339.4% | 5.83M+101.5% | ||
| Long-term debt issued | 0.00-100.0% | 3.10M+216.8% | 980K | 0.00-100.0% | 1.03B+39.4% | |
| Long-term debt repaid | 0.00 | 0.00-100.0% | 974K-70.6% | 3.31M | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 270M-11.0% | 304M-43.5% | 537M+470.6% | 94.1M-23.1% | 122M-64.7% | |
| Dividends paid | 700M+31.6% | 532M+6.1% | 501M+113.2% | 235M-33.9% | 356M+322.8% | |
| Other financing activities | -53.9M-169.7% | -20.0M+12.7% | -22.9M-78.3% | -12.8M+71.6% | -45.2M+19.7% | |
| FX effect on cash | 38.4M+228.5% | -29.8M-429.0% | 9.07M+136.6% | -24.8M-490.1% | -4.20M-141.5% | |
| Net change in cash | 565M-7.6% | 612M+809.9% | -86.2M+27.9% | -119M+85.1% | -804M-159.6% | |
| Interest paid | 126M-8.7% | 138M+21.1% | 114M-17.4% | 138M-2.1% | 141M-9.0% | |
| Income taxes paid | 407M-0.7% | 410M+23.5% | 332M+12.5% | 295M+20.9% | 244M+136.9% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 26.3B+18.3% | 22.2B+21.7% | 18.2B-5.3% | 19.3B+32.3% | 14.6B+23.6% | |
| P/E | 14.8×+16.8% | 12.6×-5.3% | 13.3×-10.4% | 14.9×+4.6% | 14.2×-35.8% | |
| P/S | 1.8×+9.7% | 1.6×+6.5% | 1.5×-14.9% | 1.8×+16.5% | 1.5×+5.9% | |
| P/B | 2.7×+2.4% | 2.6×+0.2% | 2.6×-13.1% | 3.0×+38.7% | 2.2×+17.3% | |
| P/FCF | 24.2×+18.3% | 20.5×+21.7% | 16.8×-5.3% | 17.8×+32.3% | 13.4×+23.6% | |
| Earnings yield | 6.8%-14.4% | 7.9%+5.6% | 7.5%+11.6% | 6.7%-4.4% | 7.0%+55.8% | |
| FCF yield | 4.1%-15.5% | 4.9%-17.8% | 5.9%+5.6% | 5.6%-24.4% | 7.4%-19.1% | |
| Dividend yield | 2.6%+10.3% | 2.4%-12.6% | 2.7%+124.4% | 1.2%-50.0% | 2.4%+248.5% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: WRB’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all WRB filings on SEC EDGAR → Not investment advice.