W. R. Berkley Corporation 5.70% SB DB 2058
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+ FollowMarket Cap$7.56B
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Earnings Call Q3 2026
October 19, 2026 - AI Summary
Strong Q3 fundamentals (good): Record Q3 underwriting profit of $296M and operating earnings $456M ($1.07/share), driven by both underwriting and investments. Current accident-year combined ex-cats: 88.1% (ex-cats loss ratio 59.5%, expense ratio 28.6%). Calendar-year combined ratio: 90.8%; current cat losses $86M (2.7 loss ratio points), only +$7M (+20 bps) despite ~2x more named storm events vs. prior quarter.
Loss trend & pricing discipline (good/surprising): Underlying loss trend is improving—Q3 current accident-year ex-cat loss ratio down/improving ~40 bps YoY. Management said (with caveats) other product lines besides auto are “quieting” and liability has incremental comfort, with auto remaining the main exception. Also renewal retention ~80% and competitiveness not driving churn (insurers aren’t just “churning the book”).
Premium growth outlook maintained (forecast): Insurance segment gross/net premiums written rose to $3.6B gross (+4.9%) and $2.9B net (+3.2%) in Q3. Management guided: insurance business expected to keep growing mid-single digits or better, contingent on no unforeseen events; reinsurance expected to continue shrinking ~10%–20% for the foreseeable future.
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Share Statistics
| Market cap | $7.56 Billion |
|---|---|
| Enterprise Value | $7.56 Billion |
| Annual dividend | $1.43 |
| Dividend yield | 2.55% |
| Earnings per Share | $4.48 |
| Beta | 0.9 |
| Outstanding Shares | 388,750,000 |
Return
| Return on Equity | NaN% |
|---|---|
| Return on Assets | 4.08% |
| Return on Invested Capital | 5.39% |
Valuation & Multiples
| P/E Ratio | 15.55 |
|---|---|
| PEG | -122.2 |
| Price to Sales | 0.42 |
| Price to Book Ratio | 0.17 |
| Enterprise Value to Revenue | 0.42 |
| Enterprise Value to EBIT | 3.07 |
| Enterprise Value to Net Income | 4 |
| Total Debt to Enterprise | 0 |
| Debt to Equity | - |
Revenue Sources
No data
Last Earnings Call
Report Date
October 26, 2026
EPS Estimate
$1.09
Consensus analyst estimateRevenue Estimate
$3.26 B
Consensus analyst estimateNext Earnings Call
Expected Date
January 28, 2027
EPS Estimate
$1.20
Consensus analyst estimateRevenue Estimate
$3.86 B
Consensus analyst estimateInstitutional Sentiment (Put/Call)
No data available for the latest quarter.
Institutional Ownership
No data available for the latest quarter.
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...