W. R. Berkley Corporation (WRB) Research

Forward Estimates

EPS Estimates

Current Qtr

$1.09

$1.03$1.14

vs $1.05+4.1%

16 analysts

Next Qtr

$1.09

$1.02$1.15

vs $1.10-0.9%

15 analysts

Current Yr

$4.67

$4.47$4.80

vs $4.33+8.0%

18 analysts

Next Yr

$4.83

$4.40$5.01

vs $4.67+3.3%

18 analysts

Revenue Estimates

Current Qtr

$3.20B

$3.17B$3.21B

vs $3.10B+3.2%

5 analysts

Next Qtr

$3.23B

$3.22B$3.24B

vs $3.16B+2.4%

5 analysts

Current Yr

$12.87B

$12.77B$13.18B

vs $12.45B+3.4%

6 analysts

Next Yr

$13.46B

$13.29B$13.84B

vs $12.87B+4.6%

6 analysts

SEC filings →

View all 10-K, 10-Q, and 8-K filings for WRB on EDGAR.

WRB filing events and research context
Filed	Item	Context
May 1, 2026	mda_quarterly	W. R. Berkley Corporation reported net income to common stockholders of $515.2 million for the first quarter of 2026, up from $417.6 million in the prior-year period. This growth was driven by a 12% increase in net investment income to $404.3 million, supported by a larger fixed maturity portfolio and improved returns from investment funds. Underwriting performance remained solid, with a consolidated GAAP combined ratio of 90.7%, slightly improved from 90.9% in 2025. The company’s insurance segment, which focuses on commercial lines including excess and surplus, saw gross premiums written rise 5% to $3.36 billion. Conversely, the Reinsurance & Monoline Excess segment experienced a 9% decline in gross premiums to $424 million. Management noted that average renewal premium rates increased by 6.6% across the portfolio. A key risk factor remains "social inflation," which continues to pressure loss reserves in umbrella, excess liability, and primary surplus lines casualty business. While the company reported favorable prior-year development of $1 million, it continues to monitor the impact of litigated claims on indemnity and loss adjustment expenses. The investment portfolio remains highly liquid, with 83% in cash and marketable fixed maturity securities, maintaining an effective duration of 3.1 years to match liability profiles.
Feb 27, 2026	business	W. R. Berkley Corporation is a global commercial lines insurance holding company operating through two primary segments: Insurance and Reinsurance & Monoline Excess. The Insurance segment specializes in excess and surplus (E&S) lines, admitted lines, and specialty personal lines, with significant operations in the United States, Europe, Asia, and Australia. The Reinsurance segment provides treaty and facultative reinsurance, monoline excess, and program management services. Operating via a decentralized model of 60 niche businesses, the company reported 2025 net premiums written of approximately $12.7 billion and a consolidated combined ratio of 90.7%. Key underwriting exposures include casualty, property, auto, and professional liability. Critical risk factors include reserve adequacy, particularly the sensitivity of long-tail liabilities to inflation. Regulatory trends pose significant considerations, including evolving oversight of artificial intelligence and predictive modeling, stringent cybersecurity mandates (such as NYDFS and CCPA), and increasing climate-related risk disclosure requirements. As an Internationally Active Insurance Group (IAIG), the company is subject to complex global supervision. Competitive dynamics involve both specialty carriers and large multi-line insurers, while underwriting volatility is driven by catastrophic weather events and terrorism.
Feb 27, 2026	mda	W. R. Berkley Corporation operates through two primary segments: Insurance and Reinsurance & Monoline Excess. For the fiscal year ended December 31, 2025, gross premiums written grew 6% to $15.1 billion, while the consolidated GAAP combined ratio stood at 90.7%. Profitability is increasingly pressured by social inflation, which drove unfavorable reserve development in auto and umbrella liability lines through higher settlement demands and increased litigation frequency. Catastrophe losses totaled $336 million, largely attributed to California wildfires and severe storm events. The $33.2 billion investment portfolio is heavily weighted toward fixed maturity securities (75.4%) with an effective duration of 3.0 years. Net investment income increased 7% to $1.43 billion, bolstered by a larger portfolio and higher returns from investment funds. Despite underwriting growth, the company faced a $94 million after-tax foreign currency loss due to a weakening U.S. dollar. Management identifies reserve adequacy as a critical risk, particularly for long-tail liabilities such as excess workers' compensation and assumed reinsurance, where extended settlement tails and reporting lags increase uncertainty. The company continues to target specialty niches in cyber security, energy, and healthcare to drive growth.

Filed

Item

Context

May 1, 2026

mda_quarterly

W. R. Berkley Corporation reported net income to common stockholders of $515.2 million for the first quarter of 2026, up from $417.6 million in the prior-year period. This growth was driven by a 12% increase in net investment income to $404.3 million, supported by a larger fixed maturity portfolio and improved returns from investment funds. Underwriting performance remained solid, with a consolidated GAAP combined ratio of 90.7%, slightly improved from 90.9% in 2025. The company’s insurance segment, which focuses on commercial lines including excess and surplus, saw gross premiums written rise 5% to $3.36 billion. Conversely, the Reinsurance & Monoline Excess segment experienced a 9% decline in gross premiums to $424 million. Management noted that average renewal premium rates increased by 6.6% across the portfolio. A key risk factor remains "social inflation," which continues to pressure loss reserves in umbrella, excess liability, and primary surplus lines casualty business. While the company reported favorable prior-year development of $1 million, it continues to monitor the impact of litigated claims on indemnity and loss adjustment expenses. The investment portfolio remains highly liquid, with 83% in cash and marketable fixed maturity securities, maintaining an effective duration of 3.1 years to match liability profiles.

Feb 27, 2026

business

W. R. Berkley Corporation is a global commercial lines insurance holding company operating through two primary segments: Insurance and Reinsurance & Monoline Excess. The Insurance segment specializes in excess and surplus (E&S) lines, admitted lines, and specialty personal lines, with significant operations in the United States, Europe, Asia, and Australia. The Reinsurance segment provides treaty and facultative reinsurance, monoline excess, and program management services. Operating via a decentralized model of 60 niche businesses, the company reported 2025 net premiums written of approximately $12.7 billion and a consolidated combined ratio of 90.7%. Key underwriting exposures include casualty, property, auto, and professional liability. Critical risk factors include reserve adequacy, particularly the sensitivity of long-tail liabilities to inflation. Regulatory trends pose significant considerations, including evolving oversight of artificial intelligence and predictive modeling, stringent cybersecurity mandates (such as NYDFS and CCPA), and increasing climate-related risk disclosure requirements. As an Internationally Active Insurance Group (IAIG), the company is subject to complex global supervision. Competitive dynamics involve both specialty carriers and large multi-line insurers, while underwriting volatility is driven by catastrophic weather events and terrorism.

Feb 27, 2026

mda

W. R. Berkley Corporation operates through two primary segments: Insurance and Reinsurance & Monoline Excess. For the fiscal year ended December 31, 2025, gross premiums written grew 6% to $15.1 billion, while the consolidated GAAP combined ratio stood at 90.7%. Profitability is increasingly pressured by social inflation, which drove unfavorable reserve development in auto and umbrella liability lines through higher settlement demands and increased litigation frequency. Catastrophe losses totaled $336 million, largely attributed to California wildfires and severe storm events. The $33.2 billion investment portfolio is heavily weighted toward fixed maturity securities (75.4%) with an effective duration of 3.0 years. Net investment income increased 7% to $1.43 billion, bolstered by a larger portfolio and higher returns from investment funds. Despite underwriting growth, the company faced a $94 million after-tax foreign currency loss due to a weakening U.S. dollar. Management identifies reserve adequacy as a critical risk, particularly for long-tail liabilities such as excess workers' compensation and assumed reinsurance, where extended settlement tails and reporting lags increase uncertainty. The company continues to target specialty niches in cyber security, energy, and healthcare to drive growth.

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