W.R. Berkley Corp.

W.R. Berkley Corp.

WRB

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Market Cap$26.68B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
W.R. Berkley Corp.W.R. Berkley Corp.15.12.61%19%1.70.9

Earnings Call Q2 2026

July 20, 2026 - AI Summary

Strong profitability + cash generation (good): 2Q26 operating EPS (diluted) +21% to $1.27; $497m operating earnings; annualized ROE 20.5%. Pretax underwriting income $318m (2nd best quarter) and record pretax net investment income $419m. Operating cash flow $800m (up from $700m in prior-year quarter), supporting continued investment asset growth despite large capital returns.
Underwriting discipline holding up; catastrophe benefit but core loss ratio strong (good/surprising): Current accident-year combined ratio excluding cat losses 88.1%; calendar-year combined 90%. Current accident-year cat losses $62m, down vs prior year (cat loss ratio 2.0 pts vs 3.2 pts). Current accident-year loss ratio ex-cats 59.6% vs 59.9%. Expense ratio flat ~28.5% and still below prior expectation—management reaffirmed intent to keep it ≤ ~30% (with modest increase over 2025 absent major market changes).
Capital return remains significant (good): Total capital returned $334m via regular + special dividends ($223m) and share repurchases (~$111m). Management emphasized there is no fixed quarterly return formula, but the level is consistent with Q1.

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Target Price by Analysts

8.6% downsideW.R. Berkley Target Price DetailsTarget Price
$178.88

Current Fair Value

137.1% upside

Undervalued by 137.1% based on the discounted cash flow analysis.

Share Statistics

Market cap$26.68 Billion
Enterprise Value$34.02 Billion
Dividend Yield$1.87 (2.61%)
Earnings per Share$4.48
Beta0.29
Outstanding Shares392,264,000

Return

Return on Equity18.89%ROE
Return on Assets4.22%
Return on Invested Capital14.13%

Valuation & Multiples

P/E Ratio15.12P/E Ratio
PEG119.04PEG
Price to Sales1.68Price to Sales
Price to Book Ratio2.9Price to Book Ratio
Enterprise Value to Revenue1.89
Enterprise Value to EBIT13.42
Enterprise Value to Net Income17
Total Debt to Enterprise0.28
Debt to Equity0.94Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
July 20, 2026
EPS Estimate
$1.08
Average shareholder expectation
Revenue Estimate
$3.28 B
Average shareholder expectation

Next Earnings Call

Expected Date
October 19, 2026
EPS Estimate
$1.11
Average shareholder expectation
Revenue Estimate
$3.64 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.0000 45.68%
Total Calls- 100.00%
Total Puts- 100.00%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %1.17% 69.13%
Total Invested$324.18M 98.25%
Investors Holding166 764.00%

ESG Score

No data

About W.R. Berkley Corp.

7,448 employees
CEO: William Robert Berkley

W.R. Berkley Corp. is an insurance holding company, which engages in the property casualty insurance business. It operates through the Insurance and Reinsurance & Monoline Excess segments. The Insurance segment includes excess and surplu...

Relevant Senate Committees

Joint Committee on Taxation

This committee's expertise and revenue estimates are crucial for all tax legislation. Its analysis directly influences corporate tax structures, capital investment credits, and the overall tax burden, which are fundamental to W.R. Berkley's financial performance, capital management, and investment strategies.

Finance

As the primary committee for taxation and trade, it directly impacts W.R. Berkley's profitability through corporate tax policy. Trade policies affect international operations, and its influence on healthcare spending (Medicare) broadly impacts economic sectors that W.R. Berkley insures. This committee's decisions directly affect the company's financial results and strategic planning.

Banking, Housing, and Urban Affairs

This committee is the primary regulator for the entire financial system, including financial institutions, capital markets, and related housing/real estate. As an insurance holding company within the finance sector, W.R. Berkley is directly impacted by its decisions on financial stability, capital requirements, and emerging financial regulations like cryptocurrency.