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Stocks · Financials · Fire, Marine & Casualty Insurance

W. R. Berkley Corporation

WRB Clue Score64
United States Fiscal year ends December CIK 0000011544
$71.91 -0.19% Close, 9 Oct 2026
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Price $71.91 −6.07% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueNet income
Fiscal year 2016Revenue7.65Net income0.60EPS, diluted4.68Fiscal year 2017Revenue7.68 +0.4%Net income0.55 −8.8%EPS, diluted2.84Fiscal year 2018Revenue7.69 +0.1%Net income0.64 +16.7%EPS, diluted3.33Fiscal year 2019Revenue7.90 +2.7%Net income0.68 +6.4%EPS, diluted3.52Fiscal year 2020Revenue8.10 +2.5%Net income0.53 −22.2%EPS, diluted1.87Fiscal year 2021Revenue9.46 +16.7%Net income1.02 +92.7%EPS, diluted3.66Fiscal year 2022Revenue11.17 +18.1%Net income1.38 +35.1%EPS, diluted3.29Fiscal year 2023Revenue12.14 +8.7%Net income1.38 +0.0%EPS, diluted3.37Fiscal year 2024Revenue13.64 +12.3%Net income1.76 +27.1%EPS, diluted4.36Fiscal year 2025Revenue14.71 +7.8%Net income1.78 +1.3%EPS, diluted4.45
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 7.65 7.68 7.69 7.90 8.10 9.46 11.17 12.14 13.64 14.71
Growth +0.4% +0.1% +2.7% +2.5% +16.7% +18.1% +8.7% +12.3% +7.8%
Net income 0.60 0.55 0.64 0.68 0.53 1.02 1.38 1.38 1.76 1.78
Growth −8.8% +16.7% +6.4% −22.2% +92.7% +35.1% +0.0% +27.1% +1.3%
EPS, diluted 4.68 2.84 3.33 3.52 1.87 3.66 3.29 3.37 4.36 4.45

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Net margin
Fiscal year 2016Net margin7.9%Free cash flow margin10.4%Fiscal year 2017Net margin7.1%Free cash flow margin7.7%Fiscal year 2018Net margin8.3%Free cash flow margin7.4%Fiscal year 2019Net margin8.6%Free cash flow margin13.7%Fiscal year 2020Net margin6.6%Fiscal year 2021Net margin10.8%Fiscal year 2022Net margin12.4%Fiscal year 2023Net margin11.4%Fiscal year 2024Net margin12.9%Fiscal year 2025Net margin12.1%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net margin 7.9% 7.1% 8.3% 8.6% 6.6% 10.8% 12.4% 11.4% 12.9% 12.1%
Free cash flow margin 10.4% 7.7% 7.4% 13.7% n/a n/a n/a n/a n/a n/a

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow0.85Capital expenditure−0.05Free cash flow0.80Buybacks−0.13Dividends paid−0.18Fiscal year 2017Operating cash flow0.71Capital expenditure−0.12Free cash flow0.60 −25.4%Buybacks−0.05Dividends paid−0.19Fiscal year 2018Operating cash flow0.62Capital expenditure−0.05Free cash flow0.57 −4.2%Buybacks−0.02Dividends paid−0.25Fiscal year 2019Operating cash flow1.14Capital expenditure−0.06Free cash flow1.08 +89.9%Buybacks−0.02Dividends paid−0.31Fiscal year 2020Operating cash flow1.62Buybacks−0.35Dividends paid−0.08Fiscal year 2021Operating cash flow2.18Buybacks−0.12Dividends paid−0.36Fiscal year 2022Operating cash flow2.57Buybacks−0.09Dividends paid−0.24Fiscal year 2023Operating cash flow2.93Buybacks−0.54Dividends paid−0.50Fiscal year 2024Operating cash flow3.68Buybacks−0.30Dividends paid−0.53Fiscal year 2025Operating cash flow3.58Buybacks−0.27Dividends paid−0.70
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 0.85 0.71 0.62 1.14 1.62 2.18 2.57 2.93 3.68 3.58
Capital expenditure −0.05 −0.12 −0.05 −0.06 n/a n/a n/a n/a n/a n/a
Free cash flow 0.80 0.60 0.57 1.08 n/a n/a n/a n/a n/a n/a
Growth −25.4% −4.2% +89.9%
Buybacks −0.13 −0.05 −0.02 −0.02 −0.35 −0.12 −0.09 −0.54 −0.30 −0.27
Dividends paid −0.18 −0.19 −0.25 −0.31 −0.08 −0.36 −0.24 −0.50 −0.53 −0.70

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2016Cash0.80Shareholders’ equity5.05Fiscal year 2017Cash0.95Shareholders’ equity5.41Fiscal year 2018Cash0.82Shareholders’ equity5.44Fiscal year 2019Cash1.02Shareholders’ equity6.07Fiscal year 2020Cash2.37Shareholders’ equity6.31Fiscal year 2021Cash1.57Shareholders’ equity6.65Fiscal year 2022Cash1.45Shareholders’ equity6.75Fiscal year 2023Cash1.36Shareholders’ equity7.46Fiscal year 2024Cash1.97Shareholders’ equity8.40Fiscal year 2025Cash2.54Shareholders’ equity9.70
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.80 0.95 0.82 1.02 2.37 1.57 1.45 1.36 1.97 2.54
Shareholders’ equity 5.05 5.41 5.44 6.07 6.31 6.65 6.75 7.46 8.40 9.70

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
11.7% 10.1% 10.6% 10.8% 8.7% 13.6% 15.4% 14.4% 16.6% 15.5%
7.9% 7.1% 8.3% 8.6% 6.6% 10.8% 12.4% 11.4% 12.9% 12.1%
10.4% 7.7% 7.4% 13.7% n/a n/a n/a n/a n/a n/a
Spending
0.7% 1.5% 0.6% 0.8% n/a n/a n/a n/a n/a n/a
32.7% 28.4% 20.1% 19.8% 24.4% 19.6% 19.5% 21.1% 22.5% 21.7%
Returns
11.9% 10.1% 11.8% 11.2% 8.4% 15.4% 20.5% 18.5% 20.9% 18.3%
2.6% 2.3% 2.6% 2.6% 1.9% 3.2% 4.1% 3.7% 4.3% 4.0%
Balance and payout
78.3% 77.6% 78.0% 77.1% 77.9% 79.2% 80.0% 79.9% 79.3% 78.0%
30.6% 34.3% 39.8% 45.2% 15.9% 34.8% 17.0% 36.3% 30.3% 39.4%
39.7% 39.7% 49.0% 30.1% n/a n/a n/a n/a n/a n/a