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Complete financial analysis of W. R. Berkley Corporation (WRB) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of W. R. Berkley Corporation, a leading company in the Insurance – Property & Casualty industry within the Financial Services sector.
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W. R. Berkley Corporation (WRB)
About W. R. Berkley Corporation
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.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 12.14B | 11.22B | 9.48B | 8.10B | 7.93B | 7.72B | 7.67B | 7.67B | 6.78B | 6.72B | 6.01B | 5.58B | 5.16B | 4.72B | 4.43B | 4.71B | 5.55B | 5.39B | 5.00B | 4.51B | 3.63B | 2.57B | 1.94B | 1.78B | 1.67B | 1.58B | 1.40B | 1.23B | 1.02B | 830.80M | 582.60M | 567.20M | 541.30M | 538.10M | 550.80M | 534.20M | 521.00M | 413.40M | 214.60M |
| Cost of Revenue | 3.36B | 2.96B | 2.60B | 2.39B | 2.36B | 2.38B | 2.44B | 2.40B | 2.29B | 2.16B | 2.00B | 1.80B | 1.62B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 8.78B | 8.26B | 6.88B | 5.71B | 5.57B | 5.34B | 5.23B | 5.27B | 4.50B | 4.56B | 4.01B | 3.78B | 3.53B | 4.72B | 4.43B | 4.71B | 5.55B | 5.39B | 5.00B | 4.51B | 3.63B | 2.57B | 1.94B | 1.78B | 1.67B | 1.58B | 1.40B | 1.23B | 1.02B | 830.80M | 582.60M | 567.20M | 541.30M | 538.10M | 550.80M | 534.20M | 521.00M | 413.40M | 214.60M |
| Gross Profit Ratio | 72.30% | 73.60% | 72.58% | 70.48% | 70.22% | 69.12% | 68.23% | 68.75% | 66.25% | 67.89% | 66.72% | 67.73% | 68.55% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 0.00 | 43.38M | 44.05M | 44.29M | 44.11M | 45.78M | 52.93M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.62B | 1.50B | 1.44B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Expenses | 7.02B | -3.51B | -3.09B | -2.77B | -2.80B | -6.76B | -2.75B | -2.78B | 4.18B | 4.02B | 3.71B | 3.32B | 3.02B | -5.51B | -5.40B | -4.30B | -4.41B | -4.32B | -4.14B | -3.81B | -3.09B | -2.26B | -2.04B | -1.70B | -1.70B | -1.47B | -1.22B | -1.08B | -915.30M | -769.70M | -499.10M | -487.50M | -470.60M | -486.80M | -474.90M | -453.10M | -445.50M | -370.60M | -204.20M |
| Operating Expenses | 7.02B | 3.51B | 3.09B | 2.77B | 2.80B | -6.76B | 2.75B | 2.78B | 6.34B | 6.05B | 5.59B | 5.00B | 3.02B | -4.01B | -3.96B | -4.30B | -4.41B | -4.32B | -4.14B | -3.81B | -3.09B | -2.26B | -2.04B | -1.70B | -1.70B | -1.47B | -1.22B | -1.08B | -915.30M | -769.70M | -499.10M | -487.50M | -470.60M | -486.80M | -474.90M | -453.10M | -445.50M | -370.60M | -204.20M |
| Cost & Expenses | 10.39B | 9.50B | 8.20B | 7.39B | 7.08B | 6.91B | 6.90B | 6.77B | 6.05B | 5.77B | 5.31B | 4.87B | 4.64B | 4.12B | 4.05B | 4.38B | 4.50B | 4.41B | 4.23B | 3.87B | 3.14B | 2.31B | 2.09B | 1.74B | 1.75B | 1.52B | 1.27B | 1.11B | 939.20M | 27.60M | 22.30M | 19.30M | 10.60M | 10.30M | 10.70M | 9.20M | 6.80M | 5.80M | 5.20M |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 127.46M | 130.37M | 147.18M | 150.54M | 153.41M | 157.19M | 147.30M | 140.90M | 130.95M | 128.17M | 123.18M | 126.30M | 112.51M | 106.97M | 87.99M | 84.62M | 89.00M | 92.52M | 85.93M | 66.42M | 54.73M | 45.48M | 45.72M | 47.60M | 50.80M | 48.82M | 48.87M | 31.96M | 28.21M | 27.60M | 22.30M | 19.30M | 10.60M | 10.30M | 10.70M | 9.20M | 6.80M | 5.80M | 5.20M |
| Depreciation & Amortization | -20.86M | 55.87M | 129.68M | 135.07M | 113.39M | 131.11M | 112.96M | 86.05M | 85.14M | 88.84M | 103.09M | 103.42M | 88.01M | 82.87M | 78.88M | 83.95M | 73.70M | 65.67M | 63.85M | 55.03M | 20.32M | 17.25M | 17.63M | 21.70M | 23.60M | 22.66M | 11.85M | 8.59M | 14.29M | 15.00M | 12.80M | 10.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | 1.86B | 1.91B | 1.56B | 990.40M | 1.12B | 1.10B | 1.03B | 1.12B | 948.12M | 1.17B | 925.16M | 931.65M | 713.61M | 793.14M | 549.09M | 494.90M | 1.22B | 1.15B | 882.81M | 759.97M | 562.90M | 322.16M | -88.05M | 107.99M | -5.42M | 135.70M | 60.80M | 155.92M | 120.93M | 76.10M | 35.10M | 29.30M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Ratio | 15.33% | 16.96% | 9.61% | 5.50% | 6.99% | 14.15% | 13.41% | 14.63% | 13.97% | 17.39% | 15.30% | 16.71% | 13.94% | 16.78% | 12.39% | 10.50% | 21.92% | 21.21% | 18.36% | 16.75% | 15.51% | 12.54% | -4.37% | 6.06% | -0.32% | 8.58% | 13.60% | 12.73% | 11.83% | 9.16% | 16.53% | 15.81% | 13.06% | 9.53% | 13.78% | 15.18% | 14.49% | 10.35% | 4.85% |
| Operating Income | 1.75B | 1.85B | 781.05M | 310.00M | 440.97M | 960.96M | 915.82M | 1.04B | 862.56M | 1.08B | 816.69M | 828.18M | 630.87M | 710.00M | 470.20M | 410.68M | 1.14B | 1.08B | 853.34M | 700.76M | 542.58M | 304.66M | -102.49M | 86.29M | -29.01M | 113.04M | 178.58M | 147.33M | 106.65M | 61.10M | 83.50M | 79.70M | 70.70M | 51.30M | 75.90M | 81.10M | 75.50M | 42.80M | 10.40M |
| Operating Income Ratio | 14.45% | 16.46% | 8.24% | 3.83% | 5.56% | 12.45% | 11.94% | 13.51% | 12.71% | 16.07% | 13.59% | 14.85% | 12.24% | 15.03% | 10.61% | 8.72% | 20.59% | 19.99% | 17.08% | 15.53% | 14.95% | 11.87% | -5.28% | 4.84% | -1.73% | 7.14% | 12.75% | 12.03% | 10.44% | 7.35% | 14.33% | 14.05% | 13.06% | 9.53% | 13.78% | 15.18% | 14.49% | 10.35% | 4.85% |
| Total Other Income/Expenses | 0.00 | 0.00 | 0.00 | 704.80M | -7.01B | -6.83B | 772.77M | 896.44M | 732.03M | 952.20M | 698.89M | -120.21M | -105.43M | -109.10M | -408.62M | -521.73M | -53.40M | -55.48M | -69.03M | -44.84M | 489.30M | -45.23M | -151.39M | 40.85M | -79.25M | 62.78M | -49.34M | 115.05M | 82.75M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax | 1.75B | 1.72B | 1.28B | 704.80M | 852.92M | 812.09M | 772.77M | 896.44M | 732.03M | 952.20M | 698.89M | 701.93M | 518.28M | 603.31M | 382.23M | 326.32M | 1.06B | 988.65M | 770.54M | 638.51M | 489.30M | 259.43M | -151.39M | 40.85M | -79.25M | 62.78M | 129.24M | 115.05M | 82.75M | 236.90M | 245.80M | 230.90M | 203.90M | 165.20M | 187.10M | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax Ratio | 14.45% | 15.33% | 13.53% | 8.70% | 10.75% | 10.52% | 10.08% | 11.69% | 10.79% | 14.17% | 11.63% | 12.59% | 10.05% | 12.77% | 8.63% | 6.93% | 19.04% | 18.33% | 15.42% | 14.15% | 13.48% | 10.11% | -7.80% | 2.29% | -4.73% | 3.97% | 9.23% | 9.39% | 8.10% | 28.51% | 42.19% | 40.71% | 37.67% | 30.70% | 33.97% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 370.56M | 334.73M | 251.89M | 171.82M | 168.94M | 163.03M | 219.43M | 292.95M | 227.92M | 302.59M | 193.59M | 191.29M | 123.55M | 153.74M | 73.15M | 44.92M | 310.91M | 286.40M | 222.52M | 196.24M | 150.63M | 84.14M | -56.66M | 2.45M | -45.77M | 5.47M | 30.67M | 25.10M | 17.55M | -1.60M | 9.60M | 8.00M | 13.50M | 4.90M | 9.40M | 12.50M | 14.60M | 7.60M | -1.70M |
| Net Income | 1.38B | 1.38B | 1.02B | 530.67M | 681.94M | 640.75M | 549.09M | 601.92M | 503.69M | 648.88M | 499.93M | 510.59M | 394.80M | 449.29M | 309.06M | 281.14M | 743.65M | 699.52M | 544.89M | 438.11M | 337.22M | 175.05M | -91.55M | 36.24M | -34.05M | 58.76M | 99.05M | 90.26M | 60.88M | 35.10M | 51.60M | 52.40M | 46.60M | 36.10M | 55.80M | 59.40M | 54.10M | 29.40M | 6.90M |
| Net Income Ratio | 11.38% | 12.31% | 10.78% | 6.55% | 8.60% | 8.30% | 7.16% | 7.85% | 7.42% | 9.66% | 8.32% | 9.16% | 7.66% | 9.51% | 6.97% | 5.97% | 13.39% | 12.97% | 10.90% | 9.71% | 9.29% | 6.82% | -4.71% | 2.03% | -2.03% | 3.71% | 7.07% | 7.37% | 5.96% | 4.22% | 8.86% | 9.24% | 8.61% | 6.71% | 10.13% | 11.12% | 10.38% | 7.11% | 3.22% |
| EPS | 3.37 | 3.33 | 2.46 | 1.26 | 1.59 | 1.48 | 1.30 | 1.45 | 1.20 | 1.50 | 1.09 | 1.65 | 1.26 | 1.33 | 0.86 | 0.75 | 1.80 | 1.62 | 1.27 | 1.03 | 0.80 | 0.45 | -0.27 | 0.12 | -0.12 | 0.14 | 0.27 | 0.22 | 0.17 | 0.12 | 0.17 | 0.17 | 0.15 | 0.12 | 0.18 | 0.18 | 0.16 | 0.09 | 0.04 |
| EPS Diluted | 3.37 | 3.29 | 2.44 | 1.25 | 1.56 | 1.48 | 1.26 | 1.39 | 1.15 | 1.44 | 1.05 | 1.58 | 1.20 | 1.28 | 0.83 | 0.72 | 1.73 | 1.54 | 1.21 | 0.98 | 0.76 | 0.44 | -0.27 | 0.12 | -0.12 | 0.14 | 0.27 | 0.22 | 0.17 | 0.12 | 0.17 | 0.17 | 0.15 | 0.12 | 0.18 | 0.18 | 0.16 | 0.09 | 0.04 |
| Weighted Avg Shares Out | 410.30M | 419.36M | 419.05M | 425.66M | 435.91M | 432.94M | 435.03M | 434.06M | 439.26M | 450.61M | 475.26M | 308.47M | 314.30M | 334.69M | 360.80M | 375.65M | 425.21M | 431.21M | 428.67M | 424.89M | 420.49M | 386.97M | 333.42M | 292.75M | 293.15M | 320.85M | 335.52M | 339.73M | 297.63M | 292.49M | 307.11M | 305.48M | 304.45M | 303.99M | 302.06M | 323.09M | 339.78M | 312.35M | 186.76M |
| Weighted Avg Shares Out (Dil) | 409.95M | 419.19M | 419.62M | 424.72M | 435.42M | 432.89M | 435.44M | 433.87M | 439.39M | 451.08M | 475.01M | 322.46M | 327.76M | 348.93M | 374.79M | 390.27M | 442.57M | 454.89M | 450.74M | 446.03M | 441.13M | 400.98M | 333.42M | 296.96M | 295.20M | 330.94M | 343.29M | 339.73M | 297.63M | 295.56M | 310.36M | 305.48M | 304.45M | 303.99M | 302.06M | 323.09M | 339.78M | 312.35M | 186.76M |
W.R. Berkley (WRB) Up 2.9% Since Last Earnings Report: Can It Continue?
W.R. Berkley (WRB) reported earnings 30 days ago. What's next for the stock?
Panagora Asset Management Inc. Sells 8,268 Shares of W. R. Berkley Co. (NYSE:WRB)
Panagora Asset Management Inc. lessened its position in shares of W. R. Berkley Co. (NYSE:WRB – Free Report) by 17.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The...
Should You Retain W.R. Berkley (WRB) Stock in Your Portfolio?
W.R. Berkley (WRB) stands to gain from higher premiums, lower claims frequency in certain lines of business, effective capital deployment and sufficient liquidity.
W. R. Berkley Corporation (WRB) Q1 2024 Earnings Call Transcript
W. R. Berkley Corporation (NYSE:WRB ) Q1 2024 Earnings Conference Call April 23, 2024 9:00 AM ET Company Participants Rob Berkley - President and CEO Rich Baio - CFO Bill Berkley - Executive Chairman Conference Call Participants Mike Zaremski -...
W.R. Berkley (WRB) Reports Q1 Earnings: What Key Metrics Have to Say (Revised)
Although the revenue and EPS for W.R. Berkley (WRB) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago...
W.R. Berkley (WRB) Q1 Earnings, Revenues Top, Premiums Rise Y/Y
W.R. Berkley (WRB) first-quarter results reflect higher premiums, a rise in the core portfolio, increased underwriting income and an improvement in the loss ratio.
W.R. Berkley (WRB) Reports Q1 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for W.R. Berkley (WRB) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago...
W. R. Berkley Corporation Reports First Quarter Results
GREENWICH, Conn.--(BUSINESS WIRE)--W. R. Berkley Corporation Reports First Quarter 2024 Results.
Is a Surprise Coming for W. R. Berkley (WRB) This Earnings Season?
W. R. Berkley (WRB) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Is a Beat in Store for W.R. Berkley (WRB) This Earnings Season?
W.R. Berkley's (WRB) first-quarter earnings are likely to have benefited from improvement in premiums coupled with higher investment income, partially offset by higher expenses.
Source: https://incomestatements.info
Category: Stock Reports
How did WRB’s return on equity change in Q3 2024?
Cash flow from operations was $1.2 billion in the third quarter of 2024, up 15.2% year over year. Operating return on equity contracted 170 bps to 20%.
What were WRB’s Q3 2024 net income and revenue?
Net Income: Increased by almost 10% over the prior year to $366 million for Q3; nine-month record net income of approximately $1.2 billion. Return on Equity: 20% in the quarter and more than 21% year to date. Operating Earnings: $374 million, or $0.93 per share.
What was WRB’s combined ratio for Q3 2024?
Operating Earnings: $374 million, or $0.93 per share. Combined Ratio: 90.9%, inclusive of 3.3 loss ratio points from cat events; 87.6% on an accident year ex cat basis.