W. R. Berkley Corporation
Financial Performance
W. R. Berkley Revenue & Financials
Revenue
$14.7B (FY2025)
Market Cap
$22.3B
Net Income
$1.8B
Employees
8,800
What is W. R. Berkley's revenue?
W. R. Berkley had $14.7B in revenue for fiscal year 2025, up 7.8% from 2024. Net income was $1.8B.
- Latest revenue
- $14.7B (FY2025)
- Year-over-year
- +7.8%
- Growth rate (CAGR)
- 7.5% over 9 years
- Peak revenue
- $14.7B (FY2025)
- Years of data
- 10
- Employees
- 8,800
- How much profit does W. R. Berkley make?
- W. R. Berkley reported net income of $1.8B for fiscal year 2025. ir.berkley.com
- How many employees does W. R. Berkley have?
- W. R. Berkley has about 8,800 employees.
Financial Analysis
FY2025 total revenues rose to $14.71B from $13.64B in FY2024, and net income to common stockholders was $1.78B. In Q2 2026, total revenues were $3.72B, net income to common stockholders was $452.3M (up 12.7%), operating income was $497.1M, and the GAAP combined ratio was 90.0%. Annualized return on beginning equity was 18.6%. Book value per share was $26.50 at June 30, 2026, and total assets were $45.68B. W. R. Berkley Corporation is a massive American commercial lines property and casualty insurance holding company, sustaining a market valuation typically exceeding $20 billion.
Revenue Trend Analysis
YoY Change
+7.8%
9-Year CAGR
+7.5%
Peak Year
2025
Trend
Consistent Growth
W. R. Berkley Corporation has 10 full fiscal year figures on this page, compounding at +7.5% annually over 9 years. The most recent year saw a 7.8% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at $14.7B. Of 9 comparable year-over-year steps, 9 showed growth and 0 showed a decline.
Annual revenue history
Click any row to see year details.
W. R. Berkley Corporation balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Total liabilities | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| FY2025ended Dec 31, 2025 | $3.6B | — | $44.1B | $34.4B | $9.7B | — | Form 10-K |
| FY2024ended Dec 31, 2024 | $3.7B | — | $40.6B | $32.2B | $8.4B | — | Form 10-K |
| FY2023ended Dec 31, 2023 | $2.9B | — | $37.2B | $29.7B | $7.5B | — | Form 10-K |
| FY2022ended Dec 31, 2022 | $2.6B | — | $33.9B | $27.1B | $6.7B | — | Form 10-K |
| FY2021ended Dec 31, 2021 | $2.2B | — | $32.1B | $25.4B | $6.7B | — | Form 10-K |
| FY2020ended Dec 31, 2020 | $1.6B | — | $28.6B | $22.3B | $6.3B | — | Form 10-K |
| FY2019ended Dec 31, 2019 | $1.1B | $60.5M | $26.7B | $20.5B | $6.1B | $1.1B | Form 10-K |
| FY2018ended Dec 31, 2018 | $620.2M | $49.9M | $24.9B | $19.4B | $5.4B | $570.3M | Form 10-K |
| FY2017ended Dec 31, 2017 | $710.9M | $115.7M | $24.3B | $18.8B | $5.4B | $595.2M | Form 10-K |
| FY2016ended Dec 31, 2016 | $848.4M | $50.8M | $23.4B | $18.3B | $5B | $797.5M | Form 10-K |
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W. R. Berkley Revenue and Financial FAQ
What was W. R. Berkley's total revenue in fiscal year 2025?
In fiscal year 2025, W. R. Berkley generated $14.708 billion in total revenues, driven by record net premiums written across specialty insurance lines and higher net investment income.
What was W. R. Berkley's combined ratio performance?
W. R. Berkley routinely achieves an exceptional combined ratio in the 88% to 90% range, demonstrating that the company earns 10 to 12 cents of pure underwriting profit on every dollar of net premium collected.
How much net investment income does Berkley generate?
With higher prevailing interest rates, Berkley generates over $1.1 billion to $1.3 billion annually in net investment income, primarily from its conservative fixed-maturity bond portfolio.
What is W. R. Berkley's return on equity (ROE)?
W. R. Berkley consistently produces an operating return on equity (ROE) between 18% and 22%, placing it among the highest-performing commercial insurers in the global financial sector.
What is Berkley's track record of special cash dividends?
In addition to increasing its regular quarterly dividend for nearly two decades, Berkley frequently rewards shareholders with substantial special cash dividends, returning billions in excess capital.
How has book value per share compounded over time?
Driven by combined underwriting profitability, investment returns, and disciplined share repurchases, Berkley has compounded its book value per share at double-digit annual rates for over 50 years.
What is W. R. Berkley's investment portfolio asset allocation?
Berkley's $30+ billion investment portfolio is conservatively invested: over 80% is allocated to high-quality core fixed-income securities and cash, with modest allocations to equities and real estate.
How does inflation affect W. R. Berkley's loss reserves?
To counter social inflation and higher litigation settlement verdicts, Berkley actively raises commercial insurance rates ahead of loss cost trends while maintaining conservative actuarial loss reserves.
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Using these figures? Please credit CorpDigest with a link.
CorpDigest. "W. R. Berkley Revenue & Financials." CorpDigest, https://corpdigest.com/company/wr-berkley/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>W. R. Berkley reported $14.7B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/wr-berkley/financials" target="_blank" rel="noopener">CorpDigest — W. R. Berkley financials</a></div>Related Financial Audits
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