Berkley W R Corp. (WRB): price, analyst ratings, earnings and fundamentals
Updated 15 October 2026, 21:45 ET
Berkley W R Corp. (WRB) closed at $73.97 on 15 October 2026, up 0.2%. The stock is up 5.7% over one month and down 5.7% over one year. It trades 6.3% below its 52-week high of $78.96. Analysts recorded 9 actions in the last 90 days; the median price target of $70 is 6.0% below the last close. The company last reported on 20 July 2026 for Q2 2026: EPS of $1.27 against an estimate of $1.09, a beat of 16.5%, on revenue of $3.7 billion.
Price and performance
Performance figures use dividend and split adjusted closes over trading sessions, so a one-year move compares the last close with the close 252 sessions earlier. The 52-week range uses the adjusted daily highs and lows of the same window. Read the guide: Momentum, trend and technical indicators.
The live chart with technical indicators is in the app: open WRB in FundSpec.
Analyst ratings
Over the last 90 days FundSpec recorded 9 analyst actions on WRB from 6 firms: 9 maintained or reiterated a view. Price targets were 5 raised and 4 lowered. The most recent targets from 12 firms range from $62 to $83, with a median of $70, 6.0% below the last close.
| Date | Firm | Action | Price target |
|---|---|---|---|
| 12 Oct 2026 | Wells Fargo | Maintains Underweight | $68.00 to $65.00 |
| 7 Oct 2026 | Mizuho | Maintains Neutral | $72.00 to $70.00 |
| 7 Oct 2026 | Cantor Fitzgerald | Maintains Neutral | $73.00 to $74.00 |
| 6 Oct 2026 | Morgan Stanley | Maintains Equal-Weight | $75.00 to $70.00 |
| 16 Sep 2026 | Mizuho | Maintains Neutral | $74.00 to $72.00 |
| 27 Jul 2026 | UBS | Maintains Neutral | $71.00 to $77.00 |
| 21 Jul 2026 | Wells Fargo | Maintains Underweight | $67.00 to $68.00 |
| 21 Jul 2026 | Truist Securities | Maintains Buy | $78.00 to $83.00 |
| 21 Jul 2026 | Mizuho | Maintains Neutral | $72.00 to $74.00 |
| 16 Jul 2026 | B of A Securities | Downgrades to Underperform from Neutral | $74.00 to $68.00 |
A price target is one firm's twelve-month view, and the median across firms is a steadier reading than any single call. Upgrades and downgrades matter more when they change a rating, not only a target. Read the guide: What analyst ratings and price targets actually tell you.
Every action with the firm's history is in Analyst Ratings.
Earnings
The next report is scheduled for 19 October 2026 after the close for Q3 2026, with EPS expected at $1.16 on revenue of $3.3 billion. Berkley W R Corp. beat the EPS estimate in 7 of its last 7 reported quarters.
| Period | Reported | EPS estimate | EPS actual | Surprise | Revenue |
|---|---|---|---|---|---|
| Q2 2026 | 20 Jul 2026 | $1.09 | $1.27 | +16.51% | $3.7B |
| Q1 2026 | 21 Apr 2026 | $1.14 | $1.30 | +14.04% | $3.7B |
| Q4 2025 | 26 Jan 2026 | $1.13 | $1.13 | 0.00% | $3.7B |
| Q3 2025 | 20 Oct 2025 | $1.09 | $1.10 | +0.92% | $3.8B |
| Q2 2025 | 21 Jul 2025 | $1.04 | $1.05 | +0.96% | $3.7B |
| Q1 2025 | 21 Apr 2025 | $0.99 | $1.01 | +2.02% | $3.5B |
| Q4 2024 | 27 Jan 2025 | $0.95 | $1.13 | +18.95% | $3.7B |
| Q3 2024 | 21 Oct 2024 | $0.92 | $0.93 | +1.09% | $3.4B |
An earnings surprise is the reported EPS against the consensus estimate on the day. The price reaction depends as much on guidance and on what was already priced in as on the surprise itself. Read the guide: Earnings season: estimates, surprises and price reaction.
Estimates, confirmed dates and alerts for every company are in Earnings.
Fundamentals
For the period ended 30 June 2026, Berkley W R Corp. reported revenue of $3.7 billion and net income of $452.3 million. On a trailing twelve month basis the company shows revenue growth of 4.27%, a gross margin of N.A., an operating margin of 16.99% and a return on equity of 20.16%.
Income statement
| Line | Amount |
|---|---|
| Revenue | $3,716,119,000 |
| Depreciation & Amortization | -$22,135,000 |
| Total Operating Expenses | $3,140,921,000 |
| Operating Profit | $575,198,000 |
| Interest Expense | $31,728,000 |
| Pre-tax Income | $575,198,000 |
| Income Tax Expense | $122,892,000 |
| Net Income | $452,261,000 |
Cash flow
| Line | Amount |
|---|---|
| Cash from Operating Activities | $800,047,000 |
| Stock-based Compensation | $15,766,000 |
| Cash from Investing Activities | -$360,987,000 |
| Cash from Financing Activities | -$127,699,000 |
| Share Repurchases | $111,490,000 |
Assets
| Line | Amount |
|---|---|
| Cash & Cash Equivalents | $2,606,530,000 |
| Plant, Property & Equipment, Net | $566,952,000 |
| Operating Lease Right-of-Use Assets | $221,864,000 |
| Other Investments | $1,164,872,000 |
| Goodwill Intangible Assets, Net | $270,332,000 |
| Deferred Tax Asset | $675,741,000 |
| Total Assets | $45,677,113,000 |
Liabilities and equity
| Line | Amount |
|---|---|
| Operating Lease Liabilities, Long-term | $262,848,000 |
| Minority Interest | $9,842,000 |
| Total Liabilities | $35,834,032,000 |
| Common Stock | $158,705,000 |
| Retained Earnings | $14,055,344,000 |
| Treasury Stock | -$4,756,025,000 |
| Other Accumulated Comprehensive Income | -$640,007,000 |
| Total Stockholders Equity | $9,833,239,000 |
| Total Liability & Stockholders Equity | $45,677,113,000 |
Figures as filed with the SEC for the period ended 30 June 2026, in US dollars.
FundSpec fundamental metrics
Each metric is computed from the company's filings and ranked against every company FundSpec covers; the percentile is the share of covered companies with a lower value.
Leverage
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Debt/Assets | 0.00 | 17th | Calculated as the ratio of Short-Term Debt + Long-Term Debt / Total Assets. The higher the ratio, the higher the degree of leverage, and consequently, financial risk |
| Debt/Equity | 0.00 | 14th | Calculated as the ratio of Total Liabilities / Shareholders' Equity. The ratio indicates how much debt a company is using to finance its assets relative to the amount of value represented in shareholders’ equity |
| Degree of Financial Leverage | 1.05 | 61st | Calculated as the ratio of Percentage change in EPS / Percentage change in EBIT. A higher degree of financial leverage means that the company has more volatile EPS. |
Earnings Growth (Net Income)
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Net Income Pct Growth | 9.5% | 49th | The Net Income growth rate over the trailing twelve months (TTM) |
| Net Income Pct Growth 3 year CAGR | 15.2% | 68th | The Net Income compound annual growth rate (CAGR) over the past 3 years |
| Net Income Pct Growth 5 year CAGR | 15.7% | 75th | The Net Income compound annual growth rate (CAGR) over the past 5 years |
Cashflow
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Operating Cashflow Pct Growth | 3.0% | 47th | The Operating Cashflow growth rate over the trailing twelve months (TTM) |
| Operating Cashflow Pct Growth 3 year CAGR (FY) | 9.9% | 59th | The Operating Cashflow compound annual growth rate (CAGR) over the past 3 years |
| Operating Cashflow Pct Growth 5 year CAGR (FY) | 15.8% | 77th | The Operating Cashflow compound annual growth rate (CAGR) over the past 5 years |
Profitability
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Operating Margin Pct | 17.0% | 77th | Calculated as the ratio of (Revenue - (Cost of Goods Sold + Labour + Sales, General & Administrative)) / Revenue. Operating margins are important because they measure efficiency. The higher the operating margin, the more profitable a company's core business is. |
| PreTax Margin Pct | 16.1% | 73rd | Calculated as the ratio of (Gross profit - (Operating Expense + Interest Expense)) / Revenue. The pretax profit margin enables profitability to be compared across companies with significant differences in size, scale, capital structure and tax rates. |
| Return on Assets Pct | 4.4% | 78th | Calculated as the ratio of Net Income / Total Assets. It is an indicator of how efficient the company is at using its assets to generate earnings. |
| Return on Equity Pct | 20.2% | 86th | Calculated as the ratio of Net Income / Shareholders' equity. It is a measure of how much profit a company generates with the money shareholders have invested. |
| Return on Invested Capital Pct | 21.2% | 90th | Calculated as the ratio of (Net Income - Dividends) / (Debt + Equity). It is a measure of how efficient the company is at allocating the capital under its control to profitable investments. |
Top Line Growth
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Revenue Pct Growth | 4.3% | 45th | The Revenue (Sales) growth rate over the trailing twelve months (TTM) |
| Revenue Pct Growth 3 year CAGR | 8.6% | 62nd | The Revenue (Sales) compound annual growth rate (CAGR) over the past 3 years |
| Revenue Pct Growth 5 year CAGR | 11.1% | 64th | The Revenue (Sales) compound annual growth rate (CAGR) over the past 5 years |
Taxes
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Effective Tax Rate Pct | 19.8% | 66th | The effective tax rate of the company over the trailing twelve months (TTM). |
Margins and returns say how much of each dollar of sales becomes profit and how hard the balance sheet is working; leverage and liquidity say how much room the company has when conditions turn. Read the guide: A practical guide to discounted cash flow valuation.
Fair value, peer multiples and the full statement history are in the app: open WRB in FundSpec.
Insider activity
In the last 90 days insiders filed 8 transactions: 4 acquisitions covering 140,851 shares. Acquisitions include awards and option exercises as well as open market purchases. The largest by value was a disposal of 4,139 shares by William R Jr Berkley, Director, Chairman, President and CEO, 10% Owner on 3 August 2026, worth about $299,198 at the transaction price.
| Date | Insider | Title | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| 3 Aug 2026 | William R Jr Berkley | Director, Chairman, President and CEO, 10% Owner | F | 4,139 | $72.29 | $299K |
| 3 Aug 2026 | James G Shiel | EVP - Investments | F | 650 | $72.29 | $47K |
| 3 Aug 2026 | Richard Mark Baio | EVP & CFO | F | 650 | $72.29 | $47K |
| 3 Aug 2026 | Philip S Welt | EVP & Secretary | F | 592 | $72.29 | $43K |
| 3 Aug 2026 | Richard Mark Baio | EVP & CFO | Acquisition | 14,086 | ||
| 3 Aug 2026 | William R Jr Berkley | Director, Chairman, President and CEO, 10% Owner | Acquisition | 98,593 | ||
| 3 Aug 2026 | James G Shiel | EVP - Investments | Acquisition | 14,086 | ||
| 3 Aug 2026 | Philip S Welt | EVP & Secretary | Acquisition | 14,086 | ||
| 3 Jun 2026 | Jonathan Talisman | Director | Acquisition | 3,090 | ||
| 3 Jun 2026 | William R Berkley | Director, Executive Chairman, 10% Owner | Acquisition | 3,090 | ||
| 3 Jun 2026 | Marie Angela Mattson | Director | Acquisition | 3,090 | ||
| 3 Jun 2026 | William R Jr Berkley | Director, President and CEO | Acquisition | 3,090 | ||
| 3 Jun 2026 | Daniel Lynn Mosley | Director | Acquisition | 3,090 | ||
| 3 Jun 2026 | Mary C Farrell | Director | Acquisition | 3,090 | ||
| 3 Jun 2026 | Robert Alan Rusbuldt | Director | Acquisition | 3,090 |
Insider filings record what officers and directors did with their own shares. Disposals are often planned sales or tax related, so a pattern across several insiders says more than one filing.
SEC filings
The latest filing is a 10-Q from 31 July 2026.
| Filed | Form | Document |
|---|---|---|
| 31 Jul 2026 | 10-Q | View on sec.gov |
| 1 May 2026 | 10-Q | View on sec.gov |
| 27 Feb 2026 | 10-K | View on sec.gov |
| 3 Nov 2025 | 10-Q | View on sec.gov |
| 4 Aug 2025 | 10-Q | View on sec.gov |
| 2 May 2025 | 10-Q | View on sec.gov |
| 24 Feb 2025 | 10-K | View on sec.gov |
| 4 Nov 2024 | 10-Q | View on sec.gov |
| 2 Aug 2024 | 10-Q | View on sec.gov |
| 3 May 2024 | 10-Q | View on sec.gov |
Company profile
- Exchange
- NYSE
- Sector
- Insurance Carriers
- Industry
- Insurance
- Headquarters
- Greenwich, Connecticut
- Chief executive
- William R. Berkley
- Employees
- 8,190
- Website
- berkley.com
- SEC CIK
- 0000011544
W. R. Berkley Corporation operates as a commercial lines writer in the United States and internationally. It operates in two segments, Insurance and Reinsurance & Monoline Excess. The Insurance segment underwrites commercial insurance business, including premises operations, commercial automobile, property, products liability, and general and professional liability lines.
Sector and peers
Berkley W R Corp. is part of the Insurance Carriers sector, which FundSpec tracks across 89 companies.
Companies in the same industry by market capitalization:
CB Chubb Ltd.PGR Progressive Corp.TRV Travelers Companies, Inc.ALL Allstate Corp.AIG American International Group, Inc.HIG Hartford Insurance Group, Inc.ACGL Arch Capital Group Ltd.CINF Cincinnati Financial Corp.
Put two of them side by side in Compare.
In FundSpec: the fair value estimate, the momentum reading, relative valuation against sector and industry peers, unusual options activity and AI model signals for WRB are available to subscribers, with the same screen in the iOS and Android apps.
Open WRB in FundSpec