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W. R. Berkley

American insurance company

W. R. Berkley Corporation is an American commercial lines property and casualty insurance holding company organized in Delaware and based in Greenwich, Connecticut. The company operates commercial insurance businesses in the United Kingdom, Continental Europe, South America, Canada, Mexico, Scandinavia, Asia and Australia and reinsurance businesses in the United States, United Kingdom, Continental Europe, Australia, the Asia-Pacific region and South Africa.3 From Wikipedia, CC BY-SA 4.0

$74.29 up 0.49 (0.66%)Price as of Oct 15, 2026 at 19:45 UTC

Last updated Oct 16, 2026.

Overview

1967Founded1

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  • TickerWRB on NYSE1
  • Industryinsurance1
  • HeadquartersGreenwich1
  • Websitewww.wrberkley.com
  • Legal formDelaware corporation1
  • Incorporated inDE5
  • Business address475 Steamboat Road, ., Greenwich, Ct 068305
  • Filer categoryLarge accelerated filer5

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W. R. Berkley Corporation headquarters 1
Photo: Mx. Granger, CC0, via Wikimedia Commons7

W. R. Berkley Corporation is an American commercial lines property and casualty insurance holding company organized in Delaware and based in Greenwich, Connecticut.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

12.1%Net margin8
7.8%Revenue growth, 20258
18.3%Return on equity8

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Insurance-Domestic brought in 87% of the revenue W. R. Berkley broke down this way in fiscal 2025.

  1. Insurance-Domestic$12.1B887%up 8% from 2024
  2. Reinsurance and Monoline Excess$1.8B813%up 5% from 2024
Business segments by year
Business segments202320242025
Insurance-Domestic$9.8B$11.2B$12.1B
Reinsurance and Monoline Excess$1.6B$1.7B$1.8B

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs84¢$12.3B
  • Interest1¢$126.9M
  • Income tax3¢$495.8M
  • Profit12¢$1.8B

Out of $14.7B in revenue.8

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid20¢$700.3M
  • Share buybacks8¢$270.2M
  • Kept or used elsewhere73¢$2.6B

Out of $3.6B of cash from operations.8

Financial statements

Revenue91011128$14.7B in 2025+86% since 2019
0$5.0B$10.0B$15.0B2019: $7.9B$7.9B20192020: $8.1B$8.1B2020+2%2021: $9.5B$9.5B2021+17%2022: $11.2B$11.2B2022+18%2023: $12.1B$12.1B2023+9%2024: $13.6B$13.6B2024+12%2025: $14.7B$14.7B2025+8%
Net income91011128$1.8B in 2025+161% since 2019
0$500.0M$1.0B$1.5B$2.0B2019: $681.9M$681.9M20192020: $530.7M$530.7M2020−22%2021: $1.0B$1.0B2021+93%2022: $1.4B$1.4B2022+35%2023: $1.4B$1.4B2023+0%2024: $1.8B$1.8B2024+27%2025: $1.8B$1.8B2025+1%

Every line of the income statement in the latest annual report, as filed.8

Period ending2025-12-312024-12-312023-12-31
Net premiums written$12.7B$12.0B$11.0B
Change in net unearned premiums-$264.4M-$423.6M-$553.8M
Net premiums earned$12.4B$11.5B$10.4B
Net investment income$1.4B$1.3B$1.1B
Unrealized investment gains (losses), before tax$130.7M$79.7M$47.5M
Change in allowance for expected credit losses on investments$1.6M$38.0M-$498.0K
Net investment gains (losses)$132.2M$117.7M$47.0M
Revenues from non-insurance businesses$577.4M$528.0M$535.5M
Insurance service fees$118.5M$108.9M$106.5M
Other income$3.7M$2.5M$381.0K
Total revenues$14.7B$13.6B$12.1B
Losses and loss expenses$7.8B$7.1B$6.4B
Other operating costs and expenses$4.0B$3.6B$3.4B
Expenses from non-insurance businesses$551.9M$513.5M$525.0M
Interest expense$126.9M$126.9M$127.5M
Total operating costs and expenses$12.4B$11.4B$10.4B
Pre-Tax Income (Loss)$2.3B$2.3B$1.8B
Income tax expense-$495.8M-$509.9M-$370.6M
Net income before noncontrolling interests$1.8B$1.8B$1.4B
Noncontrolling interests-$5.4M$1.5M-$2.5M
Net income to common stockholders$1.8B$1.8B$1.4B
Basic (dollars per share)$4.48$4.39$3.40
Diluted (dollars per share)$4.45$4.36$3.37

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The story

Founded by William Robert Berkley in 1967.1

W. R. Berkley Corporation was founded in 1967 by William R. Berkley, who served as Executive Chairman from 2015 until his death in 2026.

In November 1973, the company became a public company via an initial public offering. At that time, the founder owned 23.8% of the company.

In 1994, the company acquired Key Risk Management Services Inc.

In 1995, the company acquired the remaining 40% interest in Signet Star from Gen Re. The company also acquired MECC for $138 million.

In August 2006, the company acquired Garnet Captive Services LLC, a San Francisco insurance brokerage and alternative risk consulting firm.

On October 31, 2015, Mr. Berkley's son, W. Robert Berkley, Jr., became President and CEO.

From Wikipedia’s article on W. R. Berkley Corporation, shared under CC BY-SA 4.0.6

Leadership

Who has led W. R. Berkley, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. William Robert Berkley2003–2015
  2. William Robert Berkley2016–now

Chair

  1. William Robert Berkley2003–now
  2. William Robert Berkley2026–now

President

  1. William Robert Berkley2010–now

Chief financial officer

  1. Eugene G. Ballard2004–2015
  2. Richard Mark Baio2016–now

Chief operating officer

  1. William Robert Berkley2010–2015
197019801990200020102020
Board members and other officers (39)

Timeline

  1. Oct 17, 2003New chief executive William Robert Berkley becomes CEO19
  2. 1967Founded Founded1

Recent filings

  1. Sep 3, 2026SCHEDULE 13G/A
  2. Aug 26, 2026N-PX
  3. Aug 24, 202613F-HR/A
  4. Aug 14, 202613F-HR
  5. Aug 6, 2026SCHEDULE 13G/A
  6. Aug 6, 2026SCHEDULE 13G/A
  7. Aug 6, 2026SCHEDULE 13G/A
  8. Aug 6, 2026SCHEDULE 13G/A
  9. Aug 6, 2026SCHEDULE 13G/A
  10. Aug 6, 2026SCHEDULE 13G/A
  11. Aug 6, 2026SCHEDULE 13G/A
  12. Aug 5, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
  13. Aug 5, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
  14. Aug 5, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
  15. Aug 5, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2

Sources

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