W. R. Berkley (WRB) FY2022 results: revenue $11.2 billion, up 18.1% on the year
W. R. Berkley Corp. (WRB) reported revenue of $11.2 billion for fiscal 2022, the year ended 31 December 2022, up 18.1% on the year before. Net income was $1.4 billion, up 35.1%, and diluted earnings per share $3.29. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2023.
Revenue
$11.2 billion
+18.1% on the year
FY2015FY2022
Operating margin
n/a
FY2015FY2022
Net income
$1.4 billion
+35.1% on the year
FY2015FY2022
Diluted EPS
$3.29
+35.2% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ million except per share. 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.
Cash flow
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
2,569
2,184
1,617
+17.6%
Cash from investing
-1,891
-2,989
120
Cash from financing
-772
5.8
-398
Depreciation and amortisation
55.9
130
135
-56.9%
Share-based compensation
49.4
46.7
49.7
+5.9%
Buybacks
94.1
122
346
-23.1%
Dividends paid
235
356
84.1
-33.9%
Dividend per share
$0.59
$0.89
$0.21
-33.6%
Diluted shares, weighted
419m
420m
425m
-0.1%
Shares outstanding at period end
397m
398m
400m
-0.2%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
6,748
6,653
6,311
+1.4%
Non-controlling interest
19.8
14.7
15.0
+34.7%
Trading liabilities
0.0
1.2
10.0
Other liabilities
27,093
25,418
22,271
+6.6%
Total liabilities and equity
33,861
32,086
28,607
+5.5%
Fixed assets
423
420
406
+0.8%
Goodwill
186
170
170
+9.3%
Securities held for sale or to maturity
17,587
16,603
14,159
+5.9%
Trading assets
944
1,180
341
-20.0%
Cash and equivalents
1,449
1,569
2,372
-7.6%
Other assets
13,272
12,145
11,158
+9.3%
Total assets
33,861
32,086
28,607
+5.5%
10-K for the year ended 31 December 2022, filed 24 February 2023: the filing.