Berkley W R Corp
WRB- Exchange
- NYSE
- Industry
- Fire, Marine & Casualty Insurance
- SEC CIK
- 0000011544
No open-market purchases or sales by Berkley W R Corp insiders were filed in the last 90 days; 958 institutions reported holding it in 13F filings for Q2 2026, worth $19.7B in total; Markel Group is the only superinvestor holding it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Nov 3, 2026, 1:08 AM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 26, 2026 | Jan 27, 2025 | Jan 24, 2024 | Jan 26, 2023 | Jan 27, 2022 |
| Revenue | $14.7B | $13.6B | $12.1B | $11.2B | $9.46B |
| Interest expense | $126.9M | $126.9M | $127.5M | $130.4M | $147.2M |
| Income tax | $495.8M | $509.9M | $370.6M | $334.7M | $251.9M |
| Net income | $1.78B | $1.76B | $1.38B | $1.38B | $1.02B |
| EPS, basic | $4.48 | $4.39 | $5.10 | $4.99 | $5.53 |
| EPS, diluted | $4.45 | $4.36 | $5.05 | $4.94 | $5.48 |
| Weighted shares, basic | 397.0M | 399.7K | 271.0K | 276.9K | 185.0K |
| Weighted shares, diluted | 399.9M | 403.2K | 273.3K | 279.5K | 186.5K |
| Margins and growth | |||||
| Net margin | 12.1% | 12.9% | 11.4% | 12.4% | 10.8% |
| Revenue growth, year over year | +7.8% | +12.3% | +8.7% | +18.1% | +16.7% |
| Net income growth, year over year | +1.3% | +27.1% | 0.0% | +35.1% | +92.7% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 26, 2026 | Jan 27, 2025 | Jan 24, 2024 | Jan 26, 2023 | Jan 27, 2022 |
| Cash and equivalents | $2.54B | $1.97B | $1.36B | $1.45B | $1.57B |
| Property, plant and equipment | $596.2M | $478.5M | $426.8M | $423.2M | $419.9M |
| Goodwill | $184.3M | $184.3M | $174.6M | $185.5M | $169.7M |
| Intangible assets | $86.0M | – | – | – | – |
| Total assets | $44.1B | $40.6B | $37.2B | $33.9B | $32.1B |
| Total liabilities | $34.4B | $32.2B | $29.7B | $27.1B | $25.4B |
| Shareholders' equity | $9.71B | $8.41B | $7.47B | $6.77B | $6.67B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 26, 2026 | Jan 27, 2025 | Jan 24, 2024 | Jan 26, 2023 | Jan 27, 2022 |
| Operating cash flow | $3.58B | $3.68B | $2.93B | $2.57B | $2.18B |
| Depreciation and amortization | -$48.1M | -$170.6M | -$20.9M | $55.9M | $129.7M |
| Stock-based compensation | $54.5M | $54.4M | $51.0M | $49.4M | $46.7M |
| Dividends paid | $700.3M | $532.0M | $501.5M | $235.2M | $355.7M |
| Share buybacks | $270.2M | $303.7M | $537.2M | $94.1M | $122.4M |
| Investing cash flow | -$2.03B | -$2.18B | -$1.96B | -$1.89B | -$2.99B |
| Financing cash flow | -$1.03B | -$852.5M | -$1.06B | -$772.0M | $5.83M |
| Net change in cash | $565.2M | $611.6M | -$86.2M | -$119.5M | -$803.5M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 0.4% | 0.4% | 0.4% | 0.4% | 0.5% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Oct 26, 2026 | 371.5M | −2.2% | SEC |
| Jul 27, 2026 | 371.2M | −2.1% | SEC |
| Apr 27, 2026 | 372.3M | −1.9% | SEC |
| Feb 23, 2026 | 374.5M | −1.2% | SEC |
| Oct 28, 2025 | 380.0M | −0.3% | SEC |
| Jul 29, 2025 | 379.3M | −0.3% | SEC |
| Apr 28, 2025 | 379.4M | +48.4% | SEC |
| Feb 13, 2025 | 379.2M | +47.8% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.