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Earnings transcript
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WRB
W. R. Berkley Corporation
$68.67
0.19
(0.28%)
| Exchange: | NYSE |
| Market Cap: | 25.564B |
| Shares Outstanding: | 186.758M |
Delayed data
About The Company
| Sector: | Financial Services | |||||
| Industry: | Insurance – Property & Casualty | |||||
| CEO: | William Robert Berkley Jr. | |||||
| Full Time Employees: | 8804 | |||||
| Address: |
| |||||
| Website: | https://www.berkley.com |
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.
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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 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 16,175,168.658 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 16,554,533.505 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 16,401,459.197 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 2,630,212.222 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 2,691,899.990 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 2,667,008.880 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 1,958,906.688 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 2,066,908.628 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 2,012,907.658 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 0 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 0 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 0 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 5.070 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 5.180 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 4.910 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 4 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 4 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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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.
[intrinsic_calculator]
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
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Daily snapshot
0.28
Trading Metrics:
| Open: | 68.38 | Previous Close: | 68.48 | |
| Day Low: | 68.38 | Day High: | 68.9 | |
| Year Low: | 62.87 | Year High: | 78.96 | |
| Price Avg 50: | 71.08 | Price Avg 200: | 69.54 | |
| Volume: | 1.256M | Average Volume: | 2.069M |
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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…
