WRB (W. R. Berkley Corporation) Stock Financials & Earnings | Market Cap Arena

WRB (W. R. Berkley Corporation) Stock Financials & Earnings | Market Cap Arena

WRBW. R. Berkley Corporation

Mkt Cap$26B

Financial Services·Insurance - Property & Casualty·🇺🇸 United States·NYSE

Revenue (TTM)$14.7B

Net Income (TTM)$1.8B

EPS (TTM)$4.45

Free Cash Flow (TTM)$3.4B

Gross Margin19.8%

Op. Margin15.9%

Net Margin12.1%

FCF Margin23.2%

P/S Ratio (TTM)1.8x

P/E Ratio (TTM)14.6x

YoY Rev Growth+7.8%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$2.9B	$588M	$376M
Q2 23	$3.0B	$684M	$457M
Q3 23	$3.0B	$626M	$420M
Q4 23	$3.2B	$801M	$501M
Q1 24	$3.3B	$780M	$574M
Q2 24	$3.3B	$698M	$488M
Q3 24	$3.4B	$717M	$474M
Q4 24	$3.7B	$926M	$728M
Q1 25	$3.5B	$785M	$539M
Q2 25	$3.7B	$676M	$522M
Q3 25	$3.8B	$687M	$667M
Q4 25	$3.7B	$765M	$607M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	2.3x	23.9x
Q2 23	2.2x	20.5x
Q3 23	2.2x	19.0x
Q4 23	2.1x	18.8x
Q1 24	2.1x	16.9x
Q2 24	2.0x	16.8x
Q3 24	2.0x	16.4x
Q4 24	1.9x	14.8x
Q1 25	1.9x	15.0x
Q2 25	1.8x	14.7x
Q3 25	1.8x	13.6x
Q4 25	1.8x	14.6x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$445M	$434M
Q2 23	$709M	$695M
Q3 23	$1.1B	$1.1B
Q4 23	$698M	$687M
Q1 24	$746M	$692M
Q2 24	$881M	$857M
Q3 24	$1.2B	$1.2B
Q4 24	$810M	$796M
Q1 25	$744M	$728M
Q2 25	$704M	$683M
Q3 25	$1.1B	$1.1B
Q4 25	$995M	$879M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$12M
Q2 23	$14M
Q3 23	$16M
Q4 23	$11M
Q1 24	$54M
Q2 24	$24M
Q3 24	$13M
Q4 24	$14M
Q1 25	$16M
Q2 25	$21M
Q3 25	$17M
Q4 25	$116M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	-0.7%	+15.4%
Q2 23	+19.2%	+10.8%
Q3 23	+11.2%	+7.1%
Q4 23	+6.9%	+7.3%
Q1 24	+12.5%	+6.5%
Q2 24	+10.6%	+11.3%
Q3 24	+12.2%	+12.1%
Q4 24	+13.9%	+8.1%
Q1 25	+8.9%	+12.2%
Q2 25	+10.8%	+11.4%
Q3 25	+10.8%	+6.0%
Q4 25	+1.4%	+5.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$12M	0.4%
Q2 23	$13M	0.4%
Q3 23	$13M	0.4%
Q4 23	$13M	0.4%
Q1 24	$13M	0.4%
Q2 24	$14M	0.4%
Q3 24	$13M	0.4%
Q4 24	$14M	0.4%
Q1 25	$12M	0.4%
Q2 25	$15M	0.4%
Q3 25	$13M	0.3%
Q4 25	$0	0.0%

Revenue Segments

Quarter	Insurance-Domestic Segment	Reinsurance and Monoline Excess Segment	Reinsurance-Global Segment
Q3 23	$2.5B	$379M	—
Q2 24	$2.8B	—	$420M
Q3 24	$2.8B	—	$419M
Q2 25	$3.0B	—	$450M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$1.2B	$18.1B	$19.3B
Q2 23	$1.8B	$18.0B	$19.8B
Q3 23	$1.6B	$19.0B	$20.6B
Q4 23	$1.4B	$20.1B	$21.5B
Q1 24	$1.2B	$20.9B	$22.1B
Q2 24	$1.6B	$21.0B	$22.6B
Q3 24	$1.6B	$22.6B	$24.2B
Q4 24	$2.0B	$22.4B	$24.3B
Q1 25	$1.7B	$23.6B	$25.3B
Q2 25	$2.0B	$24.1B	$26.0B
Q3 25	$2.4B	$24.9B	$27.3B
Q4 25	$2.5B	$642M	$3.1B

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	416M	-0.6%
Q2 23	410M	-1.5%
Q3 23	407M	-0.6%
Q4 23	407M	-0.2%
Q1 24	406M	-0.2%
Q2 24	404M	-0.5%
Q3 24	402M	-0.5%
Q4 24	401M	-0.2%
Q1 25	400M	-0.3%
Q2 25	400M	+0.1%
Q3 25	400M	-0.0%
Q4 25	399M	-0.3%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$1M	8K
FY 15	$946K	8K
FY 16	$996K	8K
FY 17	$1M	8K
FY 18	$1M	7K
FY 19	$1M	7K
FY 20	$1M	7K
FY 21	$1M	8K
FY 22	$1M	8K
FY 23	$1M	8K
FY 24	$2M	9K
FY 25	$2M	9K