W.R. Berkley Corporation 4.25%
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+ FollowMarket Cap$5.72B
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Earnings Call Q3 2026
October 19, 2026 - AI Summary
Strong Q3 fundamentals & profitability (good): Q3 operating earnings of $456M / $1.07/share on an annualized operating ROE of 18.8%; $296M underwriting profit. Current accident-year combined ratio ex-cats: 88.1% (loss ratio 59.5%, expense ratio 28.6%). Calendar year combined ratio: 90.8%; cat losses $86M (2.7 loss points)—only +$7M QoQ despite ~double the storm events named by PCS.
Underwriting trends: rate stability + improving loss picture (good/somewhat surprising): Reported companywide renewal retention ~80% (book not “churning”). Comp rate ~4%. Management sees underlying loss trend improving/“quieting down” in most product lines except commercial auto (auto is the main continued headwind). Some positive non-cat property developments helped the segment results.
Reinsurance market outlook remains challenging; growth expectations moderate (mixed/good): Insurance business expected to keep growing mid-single digits or better (assuming “no unforeseen event”). Reinsurance expected to continue shrinking ~10%–20% (management believes market conditions remain unattractive and they maintain discipline). Segment notes: reinsurance/monoline excess net premiums written -11.6% YoY.
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Share Statistics
| Market cap | $5.72 Billion |
|---|---|
| Enterprise Value | $5.72 Billion |
| Annual dividend | $1.06 |
| Dividend yield | 2.55% |
| Earnings per Share | $4.48 |
| Beta | 0.95 |
| 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 | 0.32 |
| Price to Book Ratio | 0.13 |
| Enterprise Value to Revenue | 0.32 |
| Enterprise Value to EBIT | 2.32 |
| Enterprise Value to Net Income | 3 |
| Total Debt to Enterprise | 0 |
| Debt to Equity | - |
Revenue Sources
No data
Last Earnings Call
Report Date
October 26, 2026
EPS Estimate
$1.10
Consensus analyst estimateRevenue Estimate
$3.64 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...