BERKLEY W R CORP

10-K & 10-Q Filings

W. R. Berkley Corporation is an insurance holding company based in the United States, with operations in two segments: Insurance and Reinsurance & Monoline Excess. The Insurance segment underwrites predominantly commercial and specialty personal lines insurance primarily in the United States and internationally. The Reinsurance & Monoline Excess segment provides reinsurance solutions to other insurance companies and self-insureds on a portfolio, treaty, or facultative basis. The company has a decentralized business approach, with each business serving a specific market or industry and focusing on niche markets requiring specialized knowledge. W. R. Berkley Corporation was formed in 1970 and is headquartered in New York, New York. The company's website is www.wrbcorp.com, and its ticker symbol is WRB on the New York Stock Exchange.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$5155.98
5823.55
6408.53
7128.93
7206.46
7684.76
7691.65
7902.20
8098.93
9455.47
11166.50
12142.94
2895.00
3256.77
8.10%12.50%Premiums Written (+)
$4357.37
4898.54
5500.17
5996.95
6189.52
6260.51
6433.23
6863.50
7262.44
8862.87
10004.07
10954.47
2574.82
2851.29
8.74%10.74%Premiums Earned (+)
$4160.87
4673.52
5226.54
5744.42
6040.61
6311.42
6371.51
6633.29
6930.84
8106.03
9561.43
10400.69
2491.43
2764.35
8.69%10.95%Non-recurring Operating Expenses (-)
$
5.69
Operating Expenses (-)
$4637.70
5121.63
5709.65
6176.73
6474.43
6911.99
6879.56
7049.28
7394.12
8172.56
9446.82
10388.53
2518.93
2682.70
7.61%6.50%Costs & Expenses (Total) (-)
$4637.70
5121.63
5709.65
6176.73
6474.43
6911.99
6885.24
7049.28
7394.12
8172.56
9446.82
10388.53
2518.93
2682.70
7.61%6.50%Operating Income/Loss (+)
$630.80
828.23
822.07
1080.37
862.98
920.07
969.28
1006.33
855.34
1430.09
1850.06
1881.86
407.91
605.80
10.45%48.51%Interest Expense (-)
$112.51
126.30
123.18
128.17
130.95
147.30
157.19
153.41
150.54
147.18
130.37
127.46
31.84
31.73
1.14%-0.34%Earnings before Tax (+)
$518.28
701.93
698.89
952.20
732.03
772.77
812.09
852.92
704.80
1282.90
1719.68
1754.40
376.07
574.07
11.72%52.65%Tax Expense (-)
$123.55
191.28
193.59
302.59
227.92
219.43
163.03
168.94
171.82
251.89
334.73
370.56
80.34
132.04
10.50%64.34%Income/Loss (Continuing Operations) (+)
$394.73
510.64
505.30
649.60
504.11
553.34
649.07
683.98
532.99
1031.01
1384.95
1383.85
295.73
442.04
12.08%49.47%Profit/Loss (+)
$394.73
510.64
505.30
649.60
504.11
553.34
649.07
683.99
532.99
1031.02
1384.95
1383.85
295.73
442.04
12.08%49.47%Net Income/Loss (NCI) (-)
$-0.07
0.05
5.38
0.72
0.41
4.24
8.32
2.04
2.31
8.53
3.89
2.49
1.60
-0.44
-127.20%Net Income/Loss (+)
$394.80
510.59
499.93
648.88
503.69
549.09
640.75
681.94
530.67
1022.49
1381.06
1381.36
294.13
442.47
12.06%50.44%Net Income/Loss (Common) (+)
$394.80
510.59
499.93
648.88
503.69
549.09
640.75
681.94
530.67
1022.49
1381.06
1381.36
294.13
442.47
12.06%50.44%EPS (Basic)
$2.83
3.72
3.69
5.07
4.06
4.40
5.06
3.58
2.84
5.53
4.99
5.10
1.07
1.65
5.50%54.21%EPS (Diluted)
$2.71
3.56
3.55
4.86
3.87
4.26
5.00
3.52
2.81
5.48
4.94
5.05
1.06
1.64
5.82%54.72%Weighted Avg Shares (Basic)
137.88
136.02
128.54
125.81
121.21
121.54
122.01
183.42
177.36
176.79
263.45
256.55
260.77
255.66
5.81%-1.96%Cash
$911.74
905.67
839.74
674.44
1558.92
950.47
817.60
1023.71
2372.37
1568.84
1449.35
1363.19
1242.36
1169.05
3.72%-5.90%Short-term Investments
$
1279.95
1178.05
-7.96%Receivables
$1206.20
1440.75
1557.48
1651.09
3371.04
1773.84
1807.76
1997.19
2167.80
2522.97
2779.24
3109.33
2814.50
3171.11
8.99%12.67%Securities & Long-term Investments
$13439.52
14467.44
14548.63
15591.82
32001.26
17450.51
17723.09
18473.67
18481.77
22171.81
22859.65
25279.50
23115.08
26346.67
5.91%13.98%Property, Plant & Equipment (Net)
$262.27
267.23
339.45
332.10
697.66
422.96
416.37
422.09
405.93
419.88
423.23
426.80
421.10
466.86
4.53%10.87%Goodwill & Intangibles
$90.83
87.86
110.15
150.94
297.80
178.94
173.04
169.65
169.65
169.65
185.51
174.60
185.51
174.60
6.12%-5.88%Other Assets
$2577.16
2986.94
3156.35
3316.30
7169.14
3523.19
3958.11
4557.12
5009.40
5233.25
6164.12
6848.58
5237.55
5344.74
9.29%2.05%Assets (Total)
$18487.73
20155.90
20551.80
21716.69
45095.81
24299.92
24895.98
26643.43
28606.91
32086.41
33861.10
37202.01
34296.06
37851.07
6.56%10.37%Accounts Payable
$
41.28
74.70
34.35
47.52
Insurance Liabilities
$11767.91
12542.32
13139.13
13633.70
28724.66
15207.05
15583.36
16600.07
18283.74
20753.03
22832.01
25293.14
23356.85
25779.95
7.20%10.37%Securities (Liabilities)
$62.51
121.49
162.28
106.08
88.21
64.36
38.12
36.14
10.05
54.80
9.36
40.30
-15.86%Debt (Non-current)
$243.00
243.21
339.80
340.06
1067.95
728.22
907.49
1198.70
1102.31
1008.37
1009.09
1008.55
1009.27
13.82%0.07%Other Liabilities
$2398.36
2913.42
2541.19
3012.72
5500.65
2849.13
2887.21
2690.17
2843.73
4536.15
3218.21
3373.66
2965.04
3223.05
3.15%8.70%Liabilities (Total)
$14471.78
15820.43
16182.40
17092.56
35381.47
18848.75
19416.18
20525.09
22281.12
25418.68
27092.94
29732.78
27330.44
30052.56
6.76%9.96%Treasury Stock
$1880.79
1969.41
2132.84
2364.55
5252.42
2709.39
2720.47
2726.71
3058.43
3167.08
3251.43
3783.13
3387.54
3783.07
6.56%11.68%Retained Earnings
$4546.23
4817.81
5265.02
5732.41
12774.06
6956.88
7558.62
7932.37
8348.38
9015.14
10161.00
11040.91
10296.54
11455.16
8.40%11.25%AOCI
$354.85
465.63
189.39
183.55
-11.13
68.54
-510.47
-257.30
-62.17
-281.95
-1264.58
-925.84
-1078.92
-1023.53
5.13%Shareholder's Equity
$4015.95
4335.47
4369.39
4624.13
9714.34
5451.16
5479.80
6118.34
6325.80
6667.73
6768.16
7469.24
6965.62
7798.51
5.80%11.96%Liabilities & Equity
$18487.73
20155.90
20551.80
21716.69
45095.81
24299.92
24895.98
26643.43
28606.91
32086.41
33861.10
37202.01
34296.06
37851.07
6.56%10.37%Net Income/Loss
$394.80
510.59
499.93
648.88
503.69
549.09
640.75
681.94
530.67
1022.49
1381.06
1381.36
294.13
442.47
12.06%50.44%Depreciation & Amortization
$88.01
103.42
103.09
88.84
85.14
112.96
131.11
113.39
135.06
129.68
55.87
-20.86
9.74
-80.78
-929.66%Increase/Decrease in Working Capital
$-267.90
-296.31
-350.72
-658.76
226.72
-404.92
-71.53
-489.89
-1029.72
-1269.27
-1440.20
-1579.04
-153.25
-368.44
-140.41%Share-based Compensation
$27.18
26.76
23.78
28.07
32.12
40.49
36.59
49.27
49.66
46.68
49.41
51.00
11.79
12.98
5.89%10.06%Adjustments to Reconcile Net Income
$275.48
164.87
319.87
85.96
377.61
157.42
-16.29
464.69
1086.02
1143.51
1201.88
1547.88
151.20
303.76
16.99%100.91%Net Cash (Operating)
$670.28
675.46
819.80
734.85
881.30
710.88
620.20
1143.79
1616.69
2183.99
2568.60
2929.24
445.32
746.24
14.35%67.57%Capital Expenditure
$421.23
5.40
463.96
-92.50
116.11
174.92
641.53
12.55
-857.22
-85.01
Net Cash (Investing)
$-204.27
-775.07
-545.36
-808.31
-170.76
-333.46
-714.24
-424.87
119.70
-2989.15
-1891.36
-1961.96
-359.43
-905.11
-151.82%Increase/Decrease in Debt
$-1.31
369.29
-118.57
350.31
-272.03
6.96
290.04
-165.39
88.89
529.15
-429.81
-0.97
-0.87
Increase/Decrease in Equity
$-165.20
-120.00
-166.42
-238.93
-223.65
-47.81
-24.75
-18.23
-346.36
-122.43
-94.14
-537.16
-135.15
Dividends Paid
$43.25
183.95
52.72
181.49
58.03
188.20
254.95
308.19
84.15
355.74
235.19
501.46
158.59
28.22
24.95%-82.21%Net Cash (Financing)
$-195.21
97.19
-330.26
-69.77
-555.32
-235.09
-7.40
-513.19
-397.84
5.83
-771.99
-1062.49
-295.73
-29.70
89.96%Cash Taxes Paid
$
40.94
-20.43
-25.86
11.95
12.53
-49.02
43.89
3.53
-52.45
Effect of Exchange Rate
$-2.00
-3.65
-10.10
-22.06
-66.03
12.85
-31.42
0.38
10.12
-4.20
-24.75
9.07
2.84
-5.56
-295.60%Increase/Decrease in Cash
$268.79
-6.07
-65.93
-165.30
89.19
155.19
-132.87
206.11
1348.66
-803.52
-119.50
-86.15
-206.99
-194.14
6.21%Cash (Beginning)
$642.95
911.74
905.67
839.74
674.44
795.28
950.47
817.60
1023.71
2372.37
1568.84
1449.35
1449.35
1363.19
7.67%-5.94%Cash (Ending)
$911.74
905.67
839.74
674.44
763.63
950.47
817.60
1023.71
2372.37
1568.84
1449.35
1363.19
1242.36
1169.05
3.72%-5.90%NOPAT
$480.42
602.53
594.36
1033.92
594.28
658.81
955.02
991.55
646.82
1381.16
1846.25
1484.38
320.76
466.47
10.80%45.42%Operating Margin %
12.23%
14.22%
12.83%
15.15%
11.98%
11.97%
12.60%
12.73%
10.56%
15.12%
16.57%
15.50%
14.09%
18.60%
NOPAT Margin %
9.32%
10.35%
9.27%
14.50%
8.25%
8.57%
12.42%
12.55%
7.99%
14.61%
16.53%
12.22%
11.08%
14.32%
Net Margin %
7.66%
8.77%
7.80%
9.10%
6.99%
7.15%
8.33%
8.63%
6.55%
10.81%
12.37%
11.38%
10.16%
13.59%
Tax Rate %
23.84%
27.25%
27.70%
4.30%
31.14%
28.40%
1.47%
1.47%
24.38%
3.42%
0.21%
21.12%
21.36%
23.00%
ROA
2.60%
2.99%
2.89%
4.76%
1.32%
2.71%
3.84%
3.72%
2.26%
4.30%
5.45%
3.99%
0.94%
1.23%
ROE
11.96%
13.90%
13.60%
22.36%
6.12%
12.09%
17.43%
16.21%
10.23%
20.71%
27.28%
19.87%
4.60%
5.98%
ROIC
136.06%
169.68%
132.20%
214.04%
59.70%
109.45%
162.03%
167.56%
18.42%
34.67%
41.30%
30.43%
52.88%
72.72%
Asset Turnover
0.28
0.29
0.31
0.33
0.16
0.32
0.31
0.30
0.28
0.29
0.33
0.33
0.08
0.09
Equity Multiplier
4.60
4.65
4.70
4.70
4.64
4.46
4.54
4.35
4.52
4.81
5.00
4.98
4.92
4.85
Current Ratio
109.98
54.77
123.10
94.11
Quick Ratio
109.98
54.77
123.10
94.11
Debt/Equity Ratio
0.06
0.06
0.08
0.07
0.11
0.13
0.17
0.20
0.17
0.15
0.14
0.14
0.13
Working Capital/Sales
0.36
0.36
0.35
0.35
Dividend Payout Ratio %
9.00%
30.53%
8.87%
17.55%
9.77%
28.57%
26.70%
31.08%
13.01%
25.76%
12.74%
33.78%
49.44%
6.05%
Total Payout
$209.76
-65.34
337.70
70.11
553.72
229.04
-10.34
491.80
341.62
-50.99
759.14
1039.59
294.61
28.22
15.66%-90.42%Payout Ratio %
43.66%
-10.84%
56.82%
6.78%
93.17%
34.77%
-1.08%
49.60%
52.81%
-3.69%
41.12%
70.04%
91.85%
6.05%