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Stock research / United States / WRB · Fire, Marine & Casualty Insurance · NYSE

W. R. Berkley Corp. (WRB)

W. R. Berkley is an insurance holding company writing commercial lines, and the thing that defines it is structural: it is not one insurer but sixty separate businesses, each sitting close to its own customers in a niche that needs specialist knowledge. It describes itself as among the largest commercial lines writers in the United States, and it reports in two segments.

W. R. Berkley Corp.

W. R. Berkley is an insurance holding company writing commercial lines, and the thing that defines it is structural: it is not one insurer but sixty separate businesses, each sitting close to its own customers in a niche that needs specialist knowledge. It describes itself as among the largest commercial lines writers in the United States, and it reports in two segments.

The two segments

Insurance underwrites mostly commercial business: excess and surplus lines, admitted lines and specialty personal lines across the United States, plus business in Asia, Australia, Canada, Continental Europe, Mexico, Scandinavia, South America and the United Kingdom.

Reinsurance & Monoline Excess provides facultative and treaty reinsurance in the United States, the Asia Pacific region, Australia, Continental Europe, South Africa and the United Kingdom, alongside operations that retain risk only on an excess basis and certain programme management business.

Sixty businesses, and why

Each segment is made up of individual businesses defined by geography, product, service or industry served. The company's stated reason for running it this way is that decentralised operations let each business identify and respond quickly to changing market conditions and specific customer needs, while still getting the benefit of centralised capital, investment and reinsurance management, and central actuarial, financial, enterprise risk management and compliance support.

New businesses are started when an opening is identified and when the right people are found to lead one. Of the sixty businesses, 53 were built internally and seven came in by acquisition. That ratio is the clearest statement in the filing about how this company grows.

The ratings, which matter more here than elsewhere

For an insurer, the financial strength rating is what a policyholder is really buying. Thirty-three of the insurance company subsidiaries are rated A+ by A.M. Best, the second highest of fifteen possible ratings. Twenty-three subsidiaries rated by Standard & Poor's carry AA-, the fourth highest of twenty-seven. Moody's rates Berkley Insurance Company, Berkley Regional Insurance Company and Admiral Insurance Company at A1, the fifth highest of twenty-one. Twenty-five subsidiaries rated by Fitch carry AA-, the fourth highest of twenty-seven.

The filing quotes A.M. Best's own caveat, and it is worth repeating: a financial strength rating is an independent opinion of an insurer's ability to meet its ongoing policy and contract obligations, it is not assigned to specific policies or contracts, and it does not address any other risk. A.M. Best states its ratings are based on factors of concern to policyholders, agents and brokers, and are not directed toward the protection of investors. Ratings are reviewed periodically and can change.

What it says it is trying to do

The company describes its approach as meeting customer needs, maintaining a high quality balance sheet, and allocating capital to its best opportunities.

From W. R. Berkley's annual report on Form 10-K for the year ended 31 December 2025. The filing

Compare with another name What $10,000 in W. R. Berkley became

Latest results

Latest quarterQ3 FY2026ended 30 September 2026 · 10-Q filed 2 November 2026
Revenue
$3.7 billion
-0.8% on the year · +0.6% on the quarter
Q4 FY2024Q3 FY2026
Net income
$446 million
-12.7% on the year · -1.4% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$1.14
-10.9% on the year · -0.9% on the quarter
Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

Read the Q3 FY2026 results →the 10-Q on EDGAR ↗
Last full yearFY2025ended 31 December 2025 · 10-K filed 27 February 2026
Revenue
$14.7 billion
+7.8% on the year
FY2018FY2025
Net income
$1.8 billion
+1.3% on the year
FY2018FY2025
Diluted EPS
$4.45
+2.1% on the year
FY2018FY2025

this yearthe year beforeHover a bar for its figure.

The years before, in wordsW. R. Berkley (WRB) reported revenue of $14.7 billion for fiscal 2025, the year ended 31 December 2025, up 7.8% on the year before. Net income was $1.8 billion and diluted earnings per share $4.45. Revenue was $13.6 billion in fiscal 2024, $12.1 billion in fiscal 2023, $11.2 billion in fiscal 2022 and $9.5 billion in fiscal 2021. Net income in the same years was $1.8 billion, $1.4 billion, $1.4 billion and $1.0 billion. Over the twelve months to 30 September 2026, W. R. Berkley reported revenue of $14.9 billion and net income of $1.9 billion. Revenue grew 12.7% a year, compounded, over the five years to fiscal 2025. W. R. Berkley declared $1.88 a share in dividends over the last four quarters and had 371 million shares outstanding at the latest filed count. At the close of 6 November 2026 the market cap of W. R. Berkley was $27.9 billion, 15.9 times its earnings over the last twelve months.
Read the FY2025 results →the 10-K on EDGAR ↗

Ratios

From the filings

ROE19.4%
ROCEn/a
Operating marginn/a
Net margin12.5%
FCF marginn/a
Interest covern/a
Debt to equityn/a
Cash conversion1.71x
Share count, last 12 months-2.2%
Sales CAGR, 3 years9.6%
Profit CAGR, 3 years8.8%
EPS, TTM$4.73

At the close of 6 November 2026

Price$75.24
Market cap$27.9 billion
Stock P/E15.9x
Price to book2.9x
EV / EBITDAn/a
Dividend yield2.5%
Market cap / sales1.9x
52-week high$78.10
52-week low$63.54
Price, 1 year0.9%
Price CAGR, 3 years18.2%
Price CAGR, 5 years16.0%

29 ready-made ratios, from FCF yield to net debt to EBITDA, wait on the Formulas page, each with what it tells you. Browse and add them →

Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. W. R. Berkley Corp. has filed no borrowings figure since its balance sheet of 31 December 2012, more than a year before its latest quarter, so its borrowings and the ratios on them are shown as not available. Nothing here is a valuation or a view.
WRBgreeksoup.ai
Daily prices to 6 November 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

Quarterly results

Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue2,5782,9152,5132,7243,0142,8952,9963,0313,2213,2573,3143,4003,6683,5473,6713,7683,7213,6903,7163,739
Interest expense37.335.031.731.831.931.831.931.931.931.731.731.731.831.731.831.831.631.731.731.6
Pre-tax income355732223286478376457420501574488474728539522648572616575574
Tax rate17%19%19%19%20%21%22%21%20%23%24%23%21%23%23%21%20%16%21%22%
Net income294591179229382294356334397442372366576418401511450515452446
Net margin11%20%7%8%13%10%12%11%12%14%11%11%16%12%11%14%12%14%12%12%
Diluted EPS$0.70$1.41$0.43$0.55$0.91$0.71$0.87$0.82$0.98$1.09$0.92$0.91$1.44$1.04$1.00$1.28$1.13$1.31$1.15$1.14
Operating cash flow6604785287687954457091,0776987468811,2418107447041,140995668800731
Buybacks0.00.00.06.687.61352922.91070.022412.567.449.20.024.619630211121.1
Dividends paid20023.00.015953.015928.30.031528.215812622030.322434.241233.70.0260
Shares outstanding398m398m398m399m397m394m386m387m385m385m381m381m380m379m379m380m377m373m371m371m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss)

FY2008FY2009 †FY2010 †FY2011 †FY2012 †FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue4,7094,4314,7245,1565,8246,4097,1297,2067,6547,6857,6927,9028,0999,45511,16612,14313,63914,70814,867
Interest expense84.688.0107113126123128131141147157153151147130127127127127
Pre-tax incomen/an/an/a5137026999527328967738128537051,2831,7201,7542,2642,2812,338
Income tax44.973.2152122191194303228293219163169172252335371510496467
Effective tax raten/an/an/a23.8%27.3%27.7%31.8%31.1%32.7%28.4%20.1%19.8%24.4%19.6%19.5%21.1%22.5%21.7%20.0%
Net income2813094463915115006495046025496416825311,0221,3811,3811,7561,7791,863
Net margin6.0%7.0%9.4%7.6%8.8%7.8%9.1%7.0%7.9%7.1%8.3%8.6%6.6%10.8%12.4%11.4%12.9%12.1%12.5%
Diluted EPS$0.48$0.55$0.85$0.80$1.05$1.05$1.44$1.15$1.39$1.26$1.48$1.56$1.25$2.44$3.29$3.37$4.36$4.45$4.73
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment FY2009 to FY2025, 6 years left out

FY2009FY2010FY2011FY2012FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
Insurancen/an/an/an/a6,3976,4797,5798,7499,82811,18212,09687.2%
Reinsurance & Monoline Excessn/an/an/an/a8781,0091,2041,5901,6151,6971,78212.8%
Alternative Markets Segment769811820931n/an/an/an/an/an/an/an/a
International Segment352486656866n/an/an/an/an/an/an/an/a
Net Investment Gains Segment-38.456.6125210n/an/an/an/an/an/an/an/a
Regional Segment1,1771,1521,1451,178n/an/an/an/an/an/an/an/a
Reinsurance Segment487522518543n/an/an/an/an/an/an/an/a
Specialty Segment1,4831,4721,6211,836n/an/an/an/an/an/an/an/a
Not assigned to a part in the filingn/an/an/an/a628611673827700760830n/a
Corporate, Other and Eliminations Segment202225270259n/an/an/an/an/an/an/an/a
Insurance FY2019 to FY2025Reinsurance & Monoline Excess FY2019 to FY2025Specialty Segment FY2009 to FY2012Regional Segment FY2009 to FY2012Alternative Markets Segment FY2009 to FY2012International Segment FY2009 to FY2012Reinsurance Segment FY2009 to FY2012Net Investment Gains Segment FY2010 to FY2012
4.3FY20094.9FY20117.3FY20198.8FY202111.4FY202313.9FY2025

$ billion; hover a block for its figure and share; the figure over a bar is its parts, before the lines named below; a part named with years is one the company split its revenue into only then

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in. Not assigned to a part in the filing and Corporate, Other and Eliminations Segment are the company's own eliminations and corporate items, which take the parts to revenue: shown as filed, with no share and no block in the chart. Net Investment Gains Segment is below zero in FY2009 as the 10-K filed it, so it has no share or block for that year.

Profit by segment FY2019 to FY2025

The profit before tax each segment reports. Costs W. R. Berkley does not charge to a segment are left out, so the segments can add up to more than the company's own profit before tax.

FY2019FY2020FY2021FY2022FY2023FY2024FY2025Margin
FY2025
Insurance8156681,2201,4351,6301,9422,02716.8%
Reinsurance & Monoline Excess18920627133744946751829.0%
InsuranceReinsurance & Monoline Excess
1,004FY2019874FY20201,490FY20211,772FY20222,079FY20232,409FY20242,545FY2025

$ million; the figure over a bar is all the segments together. Hover a block for its profit, sales and margin.

FY2025Share of salesShare of profit
Insurance87%80%
Reinsurance & Monoline Excess13%20%

Each column adds to 100%. A segment with a bigger share of the profit than of the sales makes more on each dollar it sells.

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where every segment with sales that year has a profit before tax figure. A margin is a segment's profit before tax over its own sales.

Cash flow

Follow the cashA discounted cash flow: five years of free cash flow, added up in today's moneyNot for W. R. Berkley: an insurer's operating cash flow includes premiums it holds to pay claims later, so it is not cash the owners can take out. Book value and return on equity, in the ratios above, are the usual measures for it.

FY2008FY2009 †FY2010 †FY2011 †FY2012 †FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow1,5533164516706758207358818487116201,1441,6172,1842,5692,9293,6783,5833,194
Capital expenditure78.930.549.645.340.663.142.063.650.811649.960.5n/an/an/an/an/an/an/a
Free cash flow1,4742864026256357576938187985955701,083n/an/an/an/an/an/an/a
Free cash flow margin31.3%6.4%8.5%12.1%10.9%11.8%9.7%11.3%10.4%7.7%7.4%13.7%n/an/an/an/an/an/an/a
Cash from investing-615-1,11637.3-204-775-545-808-171-794-333-714-425120-2,989-1,891-1,962-2,184-2,029-2,105
Cash from financing-663173-359-19597.2-330-69.8-555-6.9-235-7.4-513-3985.8-772-1,062-852-1,026-1,391
Depreciation and amortisation84.078.982.988.010310388.885.186.111313111313513055.9-20.9-171-48.1n/a
Share-based compensation24.124.527.427.226.823.828.132.137.240.536.649.349.746.749.451.054.454.562.4
Buybacks55314747118712816623922413247.824.818.234612294.1537304270631
Dividends paid47.028.849.343.318452.718158.018418825530884.1356235501532700705
Dividend per sharen/an/an/an/an/an/an/an/an/a$0.31$0.41$0.75$0.21$0.89$0.59$1.29$1.40$1.85n/a
Diluted shares, weightedn/a562m523m492m484m475m451m439m434m435m433m435m425m420m419m410m403m400m391m
Shares outstanding at period end545m528m476m464m459m446m428m416m409m410m412m413m400m398m397m385m380m377m371m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet

FY2008FY2009 †FY2010 †FY2011 †FY2012 †FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equityn/a3,5963,7033,9534,3064,3364,5904,6005,0475,4115,4386,0756,3116,6536,7487,4558,3959,7019,610
Non-controlling interestn/a5.97.07.529.233.434.233.033.939.841.943.415.014.719.813.812.311.110.5
Trading liabilitiesn/a14453.562.512116210637.051.264.438.136.110.01.20.09.473.466.30.0
Debtn/an/a1,5001,5011,872n/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Other liabilitiesn/a13,58312,26512,88013,82716,02016,98617,06118,23318,78419,37820,48922,27125,41827,09329,72332,08634,29336,055
Total liabilities and equityn/a17,32917,52918,40420,15620,55221,71721,73123,36524,30024,89626,64328,60732,08633,86137,20240,56744,07145,676
Owned
Fixed assetsn/a247255262267339332348349423416422406420423427479596563
Goodwilln/a90.690.687.987.9110151153145179173170170170186175184184184
Intangible assetsn/an/a0.032.031.0n/an/an/an/an/an/an/an/an/an/an/a97.086.0n/a
Securities held for sale or to maturityn/an/a11,20911,31211,94411,61712,70512,44413,19113,55113,60714,18114,15916,60317,58720,17822,39825,04826,003
Trading assetsn/a4663593973295224513773006184534013411,1809449381,1231,2211,408
Cash and equivalents1,1355156439128408406747647959508181,0242,3721,5691,4491,3631,9752,5402,113
Other assetsn/a16,0104,9725,4016,6577,1237,4037,6458,5858,5799,43010,44611,15812,14513,27214,12114,31214,39615,405
Total assetsn/a17,32917,52918,40420,15620,55221,71721,73123,36524,30024,89626,64328,60732,08633,86137,20240,56744,07145,676
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded7.4%12.7%9.6%1.5%
Profit growth, compounded13.5%27.4%8.8%-2.3%
Return on equity, average14.7%18.7%19.3%18.3%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was W. R. Berkley's revenue in fiscal 2025?

W. R. Berkley (WRB) reported revenue of $14.7 billion for fiscal 2025, the year ended 31 December 2025, up 7.8% on the year before.

How much did W. R. Berkley earn in fiscal 2025?

Net income was $1.8 billion for fiscal 2025, and diluted earnings per share $4.45.

What is W. R. Berkley's P/E ratio?

At the close of 6 November 2026, W. R. Berkley traded at 15.9 times its earnings over the twelve months to 30 September 2026.

What is W. R. Berkley's market cap?

The market cap of W. R. Berkley was $27.9 billion at the close of 6 November 2026.

Does W. R. Berkley pay a dividend?

Yes. W. R. Berkley declared $1.88 a share in dividends over the four quarters to 30 September 2026.

Peers: Insurance

CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
Berkshire Hathaway Inc. BRK.B$1.23 trillion14.3611.5%15.0%3.9%n/an/a
Chubb Ltd. CB$139.6 billion12.7715.3%22.3%5.7%0.251.1%
Progressive Corp. PGR$132.0 billion11.4833.7%16.0%7.7%0.246.1%
Travelers Companies, Inc. TRV$81.0 billion10.3128.7%21.2%1.1%0.341.2%
Allstate Corp. ALL$63.4 billion5.7735.9%21.1%5.1%0.231.7%
American International Group, Inc. AIG$40.3 billion12.668.5%14.5%1.2%0.222.4%
Hartford Insurance Group, Inc. HIG$35.8 billion8.1124.4%18.2%6.2%0.231.8%
Arch Capital Group Ltd. ACGL$34.9 billion8.7819.0%25.9%-3.9%0.194.7%
Everest Group, Ltd. EG$30.6 billion8.6913.3%13.9%-8.7%n/a1.9%
Cincinnati Financial Corp. CINF$28.5 billion10.8816.5%24.8%9.9%0.052.0%
W. R. Berkley Corp. WRB$27.9 billion15.9119.4%n/a1.5%n/a2.5%
Markel Group Inc. MKL$23.7 billion13.779.7%15.7%2.5%0.24n/a
All 112 in Insurance
CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
Berkshire Hathaway Inc. BRK.B$1.23 trillion14.3611.5%15.0%3.9%n/an/a
UnitedHealth Group Inc. UNH$353.2 billion22.5115.3%5.3%3.3%0.712.3%
Chubb Ltd. CB$139.6 billion12.7715.3%22.3%5.7%0.251.1%
Progressive Corp. PGR$132.0 billion11.4833.7%16.0%7.7%0.246.1%
Marsh & McLennan Companies, Inc. MRSH$97.3 billion24.4927.1%21.4%7.6%1.271.8%
Elevance Health, Inc. ELV$92.0 billion18.1511.5%2.7%3.6%0.691.6%
Travelers Companies, Inc. TRV$81.0 billion10.3128.7%21.2%1.1%0.341.2%
Cigna Group CI$77.4 billion12.9613.8%3.4%6.8%0.722.1%
Manulife Financial Corporation MFC *$72.5 billion19.6611.1%n/an/a0.153.3%
Arthur J. Gallagher & Co. AJG$72.2 billion43.067.1%13.1%25.6%0.541.0%
Aon plc AON$71.0 billion18.3438.9%26.3%3.8%2.610.9%
Allstate Corp. ALL$63.4 billion5.7735.9%21.1%5.1%0.231.7%
Metlife Inc. MET$62.0 billion12.8023.1%8.2%14.8%0.642.4%
Aflac Inc. AFL$61.5 billion18.2412.0%25.9%-6.2%0.281.9%
Humana Inc. HUM$52.1 billion42.176.6%1.5%22.0%0.660.8%
Prudential Financial Inc. PRU$40.9 billion10.8613.1%7.8%6.5%0.674.7%
American International Group, Inc. AIG$40.3 billion12.668.5%14.5%1.2%0.222.4%
Sun Life Financial Inc. SLF *$39.6 billion16.2414.5%n/a8.0%0.333.7%
Hartford Insurance Group, Inc. HIG$35.8 billion8.1124.4%18.2%6.2%0.231.8%
Arch Capital Group Ltd. ACGL$34.9 billion8.7819.0%25.9%-3.9%0.194.7%
Centene Corp. CNC$34.5 billion23.886.6%0.5%9.7%0.70n/a
Everest Group, Ltd. EG$30.6 billion8.6913.3%13.9%-8.7%n/a1.9%
Willis Towers Watson plc WTW$30.3 billion20.0720.1%22.0%4.8%0.841.2%
Cincinnati Financial Corp. CINF$28.5 billion10.8816.5%24.8%9.9%0.052.0%
W. R. Berkley Corp. WRB$27.9 billion15.9119.4%n/a1.5%n/a2.5%
Markel Group Inc. MKL$23.7 billion13.779.7%15.7%2.5%0.24n/a
Principal Financial Group Inc. PFG$23.6 billion12.3516.7%14.7%5.2%0.372.9%
Brown & Brown, Inc. BRO$23.6 billion22.829.7%n/a26.1%0.620.9%
Loews Corp. L$22.2 billion15.208.1%10.8%2.8%0.460.2%
Reinsurance Group of America Inc. RGA$17.0 billion10.1214.7%8.0%22.5%0.461.4%
Assurant, Inc. AIZ$15.1 billion14.4517.9%9.8%9.4%n/a1.1%
Corebridge Financial, Inc. CRBG$15.0 billion7.3132.7%16.6%13.3%0.832.9%
Globe Life Inc. GL$14.5 billion10.5317.9%23.3%5.6%0.450.8%
Renaissancere Holdings Ltd. RNR$14.2 billion9.7813.8%30.1%-20.9%0.210.5%
Equitable Holdings, Inc. EQH$14.1 billion10.11n/a16.3%8.6%n/a2.2%
CNA Financial Corp. CNA$12.8 billion12.4710.1%8.5%2.1%0.248.2%
American Financial Group Inc. AFG$12.8 billion12.6121.6%15.2%3.3%0.394.5%
Erie Indemnity Co. ERIE$12.6 billion24.7822.6%17.9%2.0%n/a2.1%
Unum Group UNM$11.9 billion54.432.3%2.4%-4.2%0.352.5%
Fidelity National Financial, Inc. FNF$11.7 billion11.2114.2%17.0%6.4%0.594.7%
Molina Healthcare, Inc. MOH$10.8 billionn/a-1.2%0.4%-0.9%0.91n/a
Oscar Health, Inc. OSCR$9.5 billion12.6638.5%5.4%54.8%0.19n/a
Old Republic International Corp. ORI$9.5 billion8.9218.8%13.8%12.5%n/a9.2%
Voya Financial, Inc. VOYA$8.9 billion15.9216.4%8.9%-0.3%0.551.9%
Primerica, Inc. PRI$8.9 billion11.4828.2%29.4%8.3%0.211.6%
Jackson Financial Inc. JXN$8.7 billion10.7310.4%56.7%34.1%0.332.7%
Kinsale Capital Group, Inc. KNSL$8.6 billion16.7227.4%33.7%8.3%0.120.2%
Hanover Insurance Group, Inc. THG$8.3 billion11.6121.8%15.2%5.0%0.25n/a
Axis Capital Holdings Ltd. AXS$7.6 billion8.0616.1%17.5%9.8%0.211.7%
Lincoln National Corp. LNC$7.6 billion2.4835.2%20.0%10.3%0.684.5%
First American Financial Corp. FAF$6.8 billion9.4413.6%11.9%14.1%n/a3.3%
Enact Holdings, Inc. ACT$6.3 billion9.6713.1%68.5%2.5%0.141.9%
RLI Corp. RLI$6.3 billion15.9323.3%25.8%4.6%0.183.9%
Hagerty, Inc. HGTY$6.2 billionn/a23.4%4.5%-0.9%0.96n/a
Selective Insurance Group Inc. SIGI$5.9 billion11.9514.8%11.9%4.0%0.261.7%
Mgic Investment Corp. MTG$5.8 billion8.8914.3%73.2%-2.2%n/a2.2%
Essent Group Ltd. ESNT$5.6 billion8.6712.2%59.2%9.6%n/a2.1%
White Mountains Insurance Group Ltd. WTM$5.4 billion5.9518.1%30.7%44.9%0.170.0%
CNO Financial Group, Inc. CNO$5.1 billion12.6618.0%14.8%2.3%0.581.2%
Radian Group Inc. RDN$4.7 billion8.8112.0%38.3%65.3%0.132.8%
Mercury General Corp. MCY$4.6 billion7.1222.9%12.9%5.4%0.201.5%
Accelerant Holdings ARX$4.3 billionn/a-180.6%-110.8%n/a0.17n/a
Corvel Corp. CRVL$4.2 billion34.9428.2%n/a8.3%n/an/a
Palomar Holdings, Inc. PLMR$4.1 billion19.5122.0%22.8%58.5%0.30n/a
Neptune Insurance Holdings Inc. NP$3.9 billion90.02n/a41.3%n/an/an/a
Hamilton Insurance Group, Ltd. HG$3.6 billion7.0631.2%28.3%14.8%0.05n/a
Assured Guaranty Ltd. AGO$3.2 billion10.406.0%33.8%-4.2%0.322.0%
Genworth Financial Inc. GNW$3.2 billion67.000.6%3.3%-0.6%0.17n/a
Lemonade, Inc. LMND$3.1 billionn/a-30.6%-12.6%69.5%n/an/a
F&G Annuities & Life, Inc. FG$3.1 billion3.1023.8%n/a-0.4%0.514.3%
Slide Insurance Holdings, Inc. SLDE$3.0 billion5.8944.8%50.4%n/a0.02n/a
SiriusPoint Ltd. SPNT$3.0 billion6.4022.5%17.6%18.1%0.30n/a
Baldwin Insurance Group, Inc. BWIN$3.0 billionn/a-9.2%-6.9%18.9%2.67n/a
NMI Holdings, Inc. NMIH$2.9 billion7.6614.5%68.1%6.9%n/an/a
Skyward Specialty Insurance Group, Inc. SKWD$2.7 billion14.0715.0%13.5%35.3%0.33n/a
Porch Group, Inc. PRCH$2.6 billion246.38127.2%7.7%23.4%53.60n/a
Clover Health Investments, Corp. CLOV$2.6 billion483.003.2%0.5%54.5%0.00n/a
Brighthouse Financial, Inc. BHF$2.5 billion4.3713.6%14.0%-9.4%0.63n/a
HCI Group, Inc. HCI$2.3 billion7.5229.3%49.6%20.1%0.030.9%
Horace Mann Educators Corp. HMN$2.2 billion12.4112.5%12.5%4.2%0.422.7%
Goosehead Insurance, Inc. GSHD$2.0 billion40.58n/a23.3%17.7%n/an/a
Kemper Corp. KMPR$2.0 billionn/a-22.6%n/a-4.5%0.433.8%
Trupanion, Inc. TRUP$1.6 billion60.316.7%1.8%11.4%0.26n/a
Alignment Healthcare, Inc. ALHC$1.5 billion56.3810.4%0.9%35.9%1.17n/a
Safety Insurance Group Inc. SAFT$1.5 billion21.828.2%7.0%4.6%0.063.5%
Twfg, Inc. TWFG$1.5 billion47.5117.4%17.3%36.2%0.05n/a
Stewart Information Services Corp. STC$1.4 billion11.777.2%5.2%20.5%0.394.5%
Universal Insurance Holdings, Inc. UVE$1.3 billion5.8336.0%19.0%5.5%0.151.3%
United Fire Group Inc. UFCS$1.2 billion9.1014.6%11.5%11.6%0.161.6%
Ategrity Specialty Insurance Co. Holdings ASIC$1.2 billion12.1715.0%24.4%n/an/a0.0%
Bowhead Specialty Holdings Inc. BOW$1.1 billion19.1513.3%11.7%23.8%0.33n/a
Heritage Insurance Holdings, Inc. HRTG$983 million4.6736.1%34.1%2.3%0.12n/a
Hippo Holdings Inc. HIPO$929 million28.826.8%6.2%20.6%n/an/a
Employers Holdings, Inc. EIG$832 million25.993.5%4.1%-13.0%0.162.8%
Donegal Group Inc. DGICA$701 million10.0210.5%8.9%-3.4%n/a4.0%
Root, Inc. ROOT$659 million9.1324.8%6.7%7.9%0.60n/a
Ethos Technologies Inc. LIFE$558 millionn/a-23.0%-16.1%n/an/an/a
Crawford & Co. CRD-A$554 million21.9414.1%3.9%-3.6%0.81n/a
American Integrity Insurance Group, Inc. AII$528 million5.9923.8%36.2%29.3%0.00n/a
Greenlight Capital RE, Ltd. GLRE$522 million9.458.4%8.8%3.7%0.01n/a
Investors Title Co. ITIC$483 million11.9814.1%17.7%8.7%n/a4.1%
American Coastal Insurance Corp. ACIC$475 million5.7424.5%37.7%-5.3%0.427.5%
Amerisafe Inc. AMSF$363 million9.1017.0%15.0%7.7%n/a8.3%
NI Holdings, Inc. NODK$311 million21.266.1%7.7%-12.9%0.01n/a
Kingstone Companies, Inc. KINS$296 million7.1230.7%21.2%24.5%0.030.8%
Mbia Inc. MBI$235 millionn/an/a-155.2%18.0%n/an/a
Kingsway Corp. KWY$230 millionn/a-79.5%0.7%23.6%5.13n/a
Octave Specialty Group Inc. OSG$226 millionn/a-23.0%-24.3%26.8%0.22n/a
Citizens, Inc. CIA$208 million25.694.0%3.8%4.1%n/an/a
James River Group Holdings, Inc. JRVR$180 million10.145.8%3.8%-1.8%n/a1.0%
Roadzen Inc. RDZN$100 millionn/an/a-21.6%30.5%n/an/a
Ryan Specialty Holdings, Inc. RYANn/an/a23.4%15.6%9.8%8.231.1%
49 companies share its SEC industry code (Fire, Marine & Casualty Insurance); the rest are the names nearest in size in its wider industry, Insurance, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

The public record on WRB

Dividends$1.88 a share over the four quarters to 30 September 2026, a 2.50% yield
Filings18 in twelve months: 9 current reports (8-K), about 4 results of operations; 2 other events; 1 officer or director change; 1 material agreement; 1 new financial obligation
Planned insider salesno Form 144 notice in twelve months
Options tapeput/call 0.23 by open interest at the 6 November 2026 close; the straddle prices a 4.5% move to 20 November 2026
13F holders957 funds reported a position for the quarter to 30 June 2026; largest Mitsui Sumitomo Insurance Co Ltd
Insider trading0 sales and 94 purchases on Form 4 in twelve months
Congress7 House trades disclosed in six months
Short interest12.1 million shares short, 5.56 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Filings

FilingPeriodFiledWhere
10-Q30 September 20262 November 2026EDGAR
10-Q30 June 202631 July 2026EDGAR
10-Q31 March 20261 May 2026EDGAR
10-K31 December 202527 February 2026EDGAR
10-Q30 September 20253 November 2025EDGAR
10-Q30 June 20254 August 2025EDGAR
10-Q31 March 20252 May 2025EDGAR
10-K31 December 202424 February 2025EDGAR
10-Q30 September 20244 November 2024EDGAR
10-Q30 June 20242 August 2024EDGAR

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