WRBNYSEFire, Marine & Casualty InsuranceFiscal year ends December 31Also trades as WRB.PE, WRB.PF, WRB.PG, WRB.PH
BERKLEY W R CORP
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 31, 2026
$74.08−1.34 (-1.78%)
Close on Oct 19, 2026
- Market cap
- $29.02B
- P/E (TTM)
- 15.2
- Dividend yield
- 2.50%
Margins
Share of revenue, fiscal years 2011 to 2025
Net margin
12.1%+5.5 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +7.8% | +9.6% | +12.7% | +7.4% | |
| Net income | +1.3% | +8.8% | +27.4% | +13.5% | |
| EPS, diluted | +2.1% | +10.6% | +29.0% | +14.5% | |
| Dividend per share | +32.1% | +46.4% | +55.0% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 12.5% | 8.6% | 19.7% | |
| Return on assets | 2.7% | 1.9% | 4.2% | |
| Capex to revenue | 0.7% | – | – | |
| Diluted shares | 434M | 0M | 400M |
Cash use needs five years of cash flow figures
Berkley W R does not report operating cash flow and capital expenditure for each of the last five fiscal years.
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin12.1%
×Asset turnover0.35×
×Equity multiplier4.67×
=Return on equity, FY202519.7%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 12.1% | 0.35× | 4.67× | 19.7% |
| FY2024 | 12.9% | 0.35× | 4.91× | 22.2% |
| FY2023 | 11.4% | 0.34× | 5.00× | 19.5% |
| FY2022 | 12.4% | 0.34× | 4.92× | 20.6% |
| FY2021 | 10.8% | 0.31× | 4.68× | 15.8% |
| FY2020 | 6.6% | 0.29× | 4.46× | 8.6% |
| FY2019 | 8.6% | 0.31× | 4.48× | 11.8% |
| FY2018 | 8.3% | 0.31× | 4.53× | 11.8% |
| FY2017 | 7.1% | 0.32× | 4.56× | 10.5% |
| FY2016 | 7.9% | 0.34× | 4.67× | 12.5% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$1.78B
- Cash generatingOperating cash flow above zero$3.58B
- Return on assets improvedROA up on the prior year4.7% → 4.4%
- Earnings backed by cashOperating cash flow above net income$3.58B vs $1.78B
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise403M → 400M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.37 → 0.36