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Earnings transcript
Read the complete earnings call transcript.
WRB
W. R. Berkley Corporation
$65.99
0.71
(1.09%)
| Exchange: | NYSE |
| Market Cap: | 25.078B |
| Shares Outstanding: | 186.758M |
About The Company
| Sector: | Financial Services | |||||
| Industry: | Insurance – Property & Casualty | |||||
| CEO: | William Robert Berkley Jr. | |||||
| Full Time Employees: | 8606 | |||||
| Address: |
| |||||
| Website: | https://www.berkley.com |
W. R. Berkley Corporation, an insurance holding company, operates as a commercial lines writer in the United States and internationally. It operates in two segments, Insurance and Reinsurance & Monoline Excess. The Insurance segment underwrites commercial insurance business, including premises operations, commercial automobile, property, products liability, and general and professional liability lines. It also provides workers’ compensation insurance products; accident and health insurance and reinsurance products; insurance for commercial risks; specialty environmental products for contractors, consultants, and property owners and facilities operators; specialized insurance coverages for fine arts and jewelry exposures; umbrella and excess liability coverage products; and liquor liability and inland marine coverage for small to medium-sized insureds. In addition, this segment offers directors and officers, and surety risk products, as well as products for technology, and life sciences and travel industries; cyber risk solutions; casualty, group life, and crime and fidelity related insurance products; personal lines insurance solutions, including home, condo/co-op, auto, and collectibles; automobile, law enforcement, public officials and educator’s legal, and employment practices liability, as well as incidental medical insurance products; and at-risk and alternative risk insurance program management services. The Reinsurance & Monoline Excess segment provides other insurance companies and self-insureds with assistance in managing their net risk through reinsurance on a portfolio basis through treaty reinsurance or on an individual basis through facultative reinsurance. W. R. Berkley Corporation was founded in 1967 and is based in Greenwich, Connecticut.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 12,142,938 | 13,638,752 | 14,705,530 |
| Gross Profit | 2,724,396 | 3,121,615 | 2,913,707 |
| EBITDA | 1,861,001 | 2,220,762 | 2,372,193 |
| Operating Income | 1,754,403 | 2,264,493 | 2,334,279 |
| Net Income | 1,381,359 | 1,756,115 | 1,779,402 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 32,908,561 | 40,567,268 | 44,071,071 |
| Total Liabilities | 25,439,324 | 32,159,829 | -9,805,003 |
| Total Stockholders Equity | 7,455,431 | 8,395,111 | 9,805,003 |
| Total Debt | 2,842,441 | 2,840,966 | 2,839,725 |
| Cash and Cash Equivalents | 1,363,195 | 1,974,747 | 2,485,952 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 2,929,238 | 3,678,368 | 0 |
| Capital Expenditure | -53,080 | -105,623 | 0 |
| Free Cash Flow | 2,876,158 | 3,572,745 | 0 |
| Net Income | 1,381,359 | 1,756,115 | 1,779,403 |
| Net Change in Cash | -86,151 | 611,552 | -1,974,747 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 14,015,750 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 14,064,250 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 14,040,000 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 2,279,073.420 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 2,286,959.909 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 2,283,016.664 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 2,037,516.327 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 2,068,209.808 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 2,060,874.960 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 0 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 0 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 0 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 5.150 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 5.180 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 5.100 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 4 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 3 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Strong Financial Performance: W. R. Berkley reported robust results in its Q2 2025 earnings call, with key financial metrics indicating solid revenue growth and improved net income. This performance aligns with positive operating cash flow trends observed in the cash flow statements, reflecting operational efficiency.
- High Return Metrics: The company demonstrates strong return on equity (ROE TTM) and return on invested capital (ROIC TTM), as per key metrics data, suggesting effective capital utilization and profitability compared to industry peers in the insurance sector.
- Stable Dividend Yield: With a consistent dividend yield (dividendYieldTTM) and a history of dividend payments (lastDiv), WRB offers an attractive income stream for investors, supported by data from the company profile.
- Strategic Positioning: Insights from the Q2 2025 earnings call transcript highlight management’s confidence in strategic initiatives, which have contributed to sustained growth and competitive positioning within the sector, as evidenced by performance metrics outperforming industry averages over multiple timeframes (perf1y, perf5y).
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates WRB intrinsic value between $86.08 – $130.38 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about WRB valuation
Is W. R. Berkley Corporation (WRB) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for W. R. Berkley Corporation (WRB) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is WRB a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether WRB trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is WRB’s P/E ratio?
You can see WRB’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for WRB?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is WRB a good long-term investment?
Whether WRB fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
WRB
1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.
Daily snapshot
1.09
Trading Metrics:
| Open: | 65.5 | Previous Close: | 65.28 | |
| Day Low: | 65.22 | Day High: | 66.38 | |
| Year Low: | 62.63 | Year High: | 78.96 | |
| Price Avg 50: | 68.75 | Price Avg 200: | 71.31 | |
| Volume: | 1.236M | Average Volume: | 2.207M |
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Login — it's freeWRB full analysis
Welcome to MARKETSNAP’s SWOT analysis for W. R. Berkley Corporation, a key player in the insurance space. If you’re not familiar with this company, let me give you the quick rundown: W. R. Berkley operates in the property and casualty insurance industry, providing a range of commercial insurance products and services. They’ve carved out a solid niche within the broader financial services sector, headquartered in the U.S. with a global footprint. Today, we’re diving deep into what makes this company…
