W.R. Berkley financials
$68.22+0.83%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $14.71B | $13.64B | $12.14B | $11.17B | $9.46B | $8.10B | $7.90B | $7.69B | $7.68B | $7.65B |
| Gross profit | $6.94B | $6.51B | $5.77B | $5.30B | $4.50B | $3.63B | $3.77B | $3.72B | $3.68B | $3.81B |
| Gross margin | 47.2% | 47.7% | 47.5% | 47.5% | 47.6% | 44.8% | 47.7% | 48.3% | 47.9% | 49.8% |
| Operating income | $2.41B | $2.39B | $1.88B | $1.85B | $1.43B | $855.3M | $1.01B | $969.3M | $920.1M | $1.04B |
| Net income | $1.78B | $1.76B | $1.38B | $1.38B | $1.02B | $530.7M | $681.9M | $640.7M | $549.1M | $601.9M |
| Net margin | 12.1% | 12.9% | 11.4% | 12.4% | 10.8% | 6.6% | 8.6% | 8.3% | 7.1% | 7.9% |
| Diluted EPS | $4.45 | $4.36 | $3.37 | $3.29 | $2.44 | $1.25 | $1.56 | $1.48 | $1.26 | $1.39 |
| EBITDA | $2.36B | $2.22B | $1.86B | $1.91B | $1.56B | $990.4M | $1.12B | $1.10B | $1.03B | $1.12B |
| Operating cash flow | $3.58B | $3.68B | $2.93B | $2.57B | $2.18B | $1.62B | $1.14B | $620.2M | $710.9M | $848.4M |
| Free cash flow | $3.43B | $3.51B | $2.87B | $2.47B | $2.12B | $1.58B | $1.08B | $570.3M | $595.2M | $797.5M |
| Diluted shares | 399.9M | 403.2M | 409.9M | 419.2M | 419.6M | 424.7M | 435.4M | 432.9M | 435.4M | 433.9M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $2.54B | $1.97B | $1.36B | $1.45B | $1.57B | $2.37B |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $2.84B | $2.84B | $2.84B | $2.84B | $3.27B | $2.73B |
| Total assets | $43.93B | $40.57B | $37.20B | $33.86B | $32.09B | $28.61B |
| Total liabilities | $34.21B | $32.16B | $29.73B | $27.09B | $25.42B | $22.28B |
| Shareholders' equity | $9.71B | $8.41B | $7.47B | $6.77B | $6.67B | $6.33B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology