W.R. Berkley Corp.

W.R. Berkley Corp.

WRB

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Market Cap$28B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
W.R. Berkley Corp.W.R. Berkley Corp.15.42.49%18%1.60.9

Earnings Call Q3 2026

October 19, 2026 - AI Summary

Strong Q3 performance; ROE/earnings driven by underwriting + investments - Annualized operating ROE: 18.8% for Q3; >20% year-to-date - Record Q3 underwriting profit: $296M - Operating earnings: $456M ($1.07/share) - Underwriting: current accident-year loss ratio ex cats improved 40 bps to 59.5%, with expense ratio ~28.6% - Accident-year combined ex cats: 88.1%; calendar-year combined: 90.8% (cat losses: $86M / 2.7 loss-ratio points)
Core claims/trend: signs of improvement, but auto (and some property) still a key swing factor - Management said “auto-related” is the exception; otherwise loss trend is starting to quiet down - Non-cat property and improving liability comfort from more recent years were cited as major drivers of the favorable underwriting outcome - Caution/forward look: shorter-tail lines/property over “coming quarters and perhaps next couple of years” expected to be particularly challenging; liability lines viewed as having more staying power
Pricing/rate and growth outlook (mid-single digit) - COMB rate ~4% mentioned; renewal retention stays ~80% (i.e., no “churning”; book not rotating aggressively) - Premium growth: Insurance segment gross written +4.9% to a Q3 record $3.6B (net +3.2% to $2.9B) - Management expectation: Insurance business to grow mid-single digits or better (subject to “unforeseen events”) - They explicitly said growth was not contingent on giving up price in a way that changed vs prior view—rate adequacy is still being evaluated by product line/territory.

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$71.40

Target Price by Analysts

2.6% downsideW.R. Berkley Target Price DetailsTarget Price
$178.88

Current Fair Value

143.9% upside

Undervalued by 143.9% based on the discounted cash flow analysis.

Share Statistics

Market cap$28.00 Billion
Enterprise Value$35.33 Billion
Dividend Yield$1.88 (2.49%)
Earnings per Share$4.48
Beta0.27
Outstanding Shares389,156,000

Return

Return on Equity18.26%ROE
Return on Assets4.08%
Return on Invested Capital13.72%

Valuation & Multiples

P/E Ratio15.42P/E Ratio
PEG-121.21PEG
Price to Sales1.59Price to Sales
Price to Book Ratio2.82Price to Book Ratio
Enterprise Value to Revenue1.97
Enterprise Value to EBIT14.35
Enterprise Value to Net Income18
Total Debt to Enterprise0.27
Debt to Equity0.94Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
October 19, 2026
EPS Estimate
$1.15
Average shareholder expectation
Revenue Estimate
$3.82 B
Average shareholder expectation

Next Earnings Call

Expected Date
January 25, 2027
EPS Estimate
$1.20
Average shareholder expectation
Revenue Estimate
$3.86 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.0000▼ 20.33%
Total Calls-▼ 100.00%
Total Puts-▼ 100.00%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %0.78%▼ 70.81%
Total Invested$206.11M▼ 98.96%
Investors Holding115▼ 846.00%

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...