W. R. Berkley (WRB) FY2024 results: revenue $13.6 billion, up 12.3% on the year
W. R. Berkley Corp. (WRB) reported revenue of $13.6 billion for fiscal 2024, the year ended 31 December 2024, up 12.3% on the year before. Net income was $1.8 billion, up 27.1%, and diluted earnings per share $4.36. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2025.
Revenue
$13.6 billion
+12.3% on the year
FY2017FY2024
Operating margin
n/a
FY2017FY2024
Net income
$1.8 billion
+27.1% on the year
FY2017FY2024
Diluted EPS
$4.36
+29.5% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
3,678
2,929
2,569
+25.6%
Cash from investing
-2,184
-1,962
-1,891
Cash from financing
-852
-1,062
-772
Depreciation and amortisation
-171
-20.9
55.9
Share-based compensation
54.4
51.0
49.4
+6.6%
Buybacks
304
537
94.1
-43.5%
Dividends paid
532
501
235
+6.1%
Dividend per share
$1.40
$1.29
$0.59
+8.8%
Diluted shares, weighted
403m
410m
419m
-1.6%
Shares outstanding at period end
380m
385m
397m
-1.2%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
8,395
7,455
6,748
+12.6%
Non-controlling interest
12.3
13.8
19.8
-10.7%
Trading liabilities
73.4
9.4
0.0
+684.0%
Other liabilities
32,086
29,723
27,093
+8.0%
Total liabilities and equity
40,567
37,202
33,861
+9.0%
Fixed assets
479
427
423
+12.1%
Goodwill
184
175
186
+5.6%
Intangible assets
97.0
n/a
n/a
Securities held for sale or to maturity
22,398
20,178
17,587
+11.0%
Trading assets
1,123
938
944
+19.7%
Cash and equivalents
1,975
1,363
1,449
+44.9%
Other assets
14,312
14,121
13,272
+1.4%
Total assets
40,567
37,202
33,861
+9.0%
10-K for the year ended 31 December 2024, filed 24 February 2025: the filing.