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WRB

74.33USD-1.34(-1.77%)Market Closed

W. R. Berkley Corp

Market Summary

USD74.33-1.34Market Closed
-1.77%

WRB Stock Price

RSI Chart

Valuation

Market Cap

19.4B

Price/Earnings

14.66

Price/Sales

1.86

Price/Cashflow

7.79

MarketCap/EBT

11.84

Price/Sales

Profitability

EBT Margin

15.74%

Return on Equity

20.35%

Return on Assets

4.06%

Fundamentals

Revenue

Revenue (TTM)

10.7B

Revenue Y/Y

12.38%

Revenue Q/Q

8.42%

Earnings

Earnings (TTM)

1.3B

Earnings Y/Y

-12.41%

Earnings Q/Q

27.64%

Price Action

52 Week Range

51.2976.99
(Low)(High)

Last 7 days

-0.6%

Last 30 days

-0.7%

Last 90 days

13.1%

Trailing 12 Months

47.1%

Financial Health

Investor Care

Dividend Yield

2.09%

Dividend/Share (TTM)

1.54

Shares Dilution (1Y)

0.19%

Diluted EPS (TTM)

4.64

Peers (Alternatives to W R Berkley)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
75.8B
49.3B
3.66% 40.02%
88.97
1.57
5.65% -78.95%
43.2B
57.2B
6.23% 17.44%
3.4
0.76
26.96% 201.88%
42.6B
36.3B
2.27% 28.30%
12.71
1.18
6.01% -7.78%
34.2B
50.8B
-0.53% 20.17%
35.26
0.68
4.61% -107.01%
23.3B
22.2B
1.21% 13.28%
11.93
1.05
1.19% -10.03%
12.7B
11.8B
-0.26% 28.87%
16.3
1.08
5.22% -41.47%
12.2B
6.9B
-4.73% 15.51%
11.87
1.84
-7.39% -58.10%
11.4B
11.7B
0.57% 29.95%
32.11
0.97
8.99% -61.35%
MID-CAP
6.8B
6.1B
1.92% 15.29%
-7.36
1.15
9.56% -1967.02%
3.5B
789.0M
11.76% -7.97%
-4.09
4.2
-80.45% -142.39%
2.2B
298.6M
-12.33% -11.25%
46.77
7.21
53.72% 302.27%
SMALL-CAP
1.6B
1.4B
-3.38% 1.96%
27.25
1.18
1.22% -62.42%
1.2B
1.1B
-9.45% -13.42%
30.02
1.01
8.08% -85.91%
935.9M
795.3M
3.79% -2.60%
-12.94
1.19
4.68% 58.15%

Financials for W R Berkley

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue2.9%10,73110,43110,2149,4559,190
Operating Expenses3.9%9,1358,7898,4958,1737,862
Earnings Before Taxes-2.8%1,5961,6421,7191,2831,328
Net Income-2.4%1,2931,3261,3841,0221,040
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets1.2%33,07732,69232,25132,04831,544
    Cash Equivalents-14.1%1,1311,3172,1151,5692,069
  Net PPE-0.3%414415418420420
  Goodwill0%170170170170170
Liabilities2.1%26,70726,15625,36325,41924,881
Shareholder's Equity-2.6%6,3466,5146,8656,6536,648
  Retained Earnings2.1%9,8059,6039,5839,0158,920
  Additional Paid-In Capital0.9%1,0019929811,018-
Shares Outstanding0.2%266265265265265
Minority Interest6.8%2422231515
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations-2.4%2,4332,4942,3512,1842,004
  Share Based Compensation-2.7%4648464748
Cashflow From Investing-5.1%-2,498.99-2,377.41-1,275.35-2,989.15-2,286.34
Cashflow From Financing-49.6%-851.03-568.83-973.726-227.63
  Dividend Payments0%357357356177
  Buy Backs-92.9%79393122157

Risks

What is the probability of a big loss on WRB?

19.6%


Probability that W R Berkley stock will be more than 20% underwater in next one year

18.5%


Probability that W R Berkley stock will be more than 30% underwater in next one year.

18.1%


Probability that W R Berkley stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does WRB drawdown profile look like?

Y-axis is the maximum loss one would have experienced if W R Berkley was unfortunately bought at previous high price.

Returns

Cumulative Returns on WRB

18%


10-Year Cumulative Returns

19.3%


7-Year Cumulative Returns

21.5%


5-Year Cumulative Returns

18.5%


3-Year Cumulative Returns

What are the long-term rolling returns for WRB?

FIve years rolling returns for W R Berkley.

Which funds bought or sold WRB recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-23
Toroso Investments, LLC
ADDED
72.1
234,000
606,000
0.03%
2022-11-23
Eagle Bay Advisors LLC
REDUCED
-13.45
-27,745
127,000
0.08%
2022-11-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
NEW
-
4,349,000
4,349,000
0.05%
2022-11-22
Capital Impact Advisors, LLC
-
-
-59,000
193,000
0.19%
2022-11-22
B. Riley Wealth Advisors, Inc.
ADDED
48.77
225,000
784,000
0.02%
2022-11-22
CVA Family Office, LLC
-
-
-1,000
21,000
0.01%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
-
-
-1,541,000
22,490,000
0.04%
2022-11-18
National Pension Service
NEW
-
22,901,000
22,901,000
0.05%
2022-11-18
Industrial Alliance Investment Management Inc.
SOLD OFF
-100
-240,000
-
-%
2022-11-17
CENTRAL TRUST Co
REDUCED
-2.11
-14,000
171,000
0.01%

1–10 of 46

Latest Funds Activity

Are funds buying WRB calls or puts?
Are funds bullish or bearish(Calls - Puts)?
No. of funds that own WRB

W R Berkley News

Nasdaq

3 Top Market-Beating Stocks to Buy in December for More Growth.3 days ago

WRB Fair Value

Recent SEC filings of W R Berkley

View All Filings
Date Filed Form Type Document
Nov 14, 2022
13F-HR
Fund Holdings Report
Nov 04, 2022
10-Q
Quarterly Report
Oct 24, 2022
8-K
Current Report
Sep 14, 2022
4
Insider Trading
Sep 14, 2022
4
Insider Trading

Latest Insider Trading transactions for WRB

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-08-15
Sgaglione Lucille T
SOLD (Taxes)
-42,428.1
65.78
-645
EVP
2022-08-15
BERKLEY WILLIAM R JR
SOLD (Taxes)
-274,434
65.78
-4,172
President and CEO
2022-08-15
SHIEL JAMES G
ACQUIRED
-
-
14,526
EVP - Investments
2022-08-15
BERKLEY WILLIAM R JR
ACQUIRED
-
-
99,374
President and CEO
2022-08-15
SHIEL JAMES G
SOLD (Taxes)
-43,875.3
65.78
-667
EVP - Investments
2022-08-15
Welt Philip S
ACQUIRED
-
-
3,686
EVP, GC & Secretary
2022-08-15
BERKLEY WILLIAM R
ACQUIRED
-
-
99,374
Executive Chairman
2022-08-15
BERKLEY WILLIAM R
SOLD (Taxes)
-249,438
65.78
-3,792
Executive Chairman
2022-08-15
Sgaglione Lucille T
ACQUIRED
-
-
14,526
EVP
2022-08-15
Welt Philip S
SOLD (Taxes)
-27,430.3
65.78
-417
EVP, GC & Secretary

1–10 of 50

William R. Berkley
7680
W. R. Berkley Corporation, an insurance holding company, 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. It also provides workers' compensation insurance products; accident and health insurance and reinsurance products; insurance for commercial risks; specialty environmental products for contractors, consultants, and property owners and facilities operators; specialized insurance coverages for fine arts and jewelry exposures; umbrella and excess liability coverage products; and liquor liability and inland marine coverage for small to medium-sized insureds. In addition, this segment offers directors and officers, and surety risk products, as well as products for technology, and life sciences and travel industries; cyber risk solutions; casualty, group life, and crime and fidelity related insurance products; personal lines insurance solutions, including home, condo/co-op, auto, and collectibles; automobile, law enforcement, public officials and educator's legal, and employment practices liability, as well as incidental medical insurance products; and at-risk and alternative risk insurance program management services. The Reinsurance & Monoline Excess segment provides other insurance companies and self-insureds with assistance in managing their net risk through reinsurance on a portfolio basis through treaty reinsurance or on an individual basis through facultative reinsurance. W. R. Berkley Corporation was founded in 1967 and is based in Greenwich, Connecticut.

WRB Income Statement

2022-09-30
Consolidated Statements Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
REVENUES:    
Net premiums written$ 2,577,274$ 2,325,138$ 7,576,163$ 6,587,357
Change in net unearned premiums(135,313)(244,120)(527,958)(684,759)
Net premiums earned2,441,9612,081,0187,048,2055,902,598
Net investment income202,816179,851547,902506,615
Net realized and unrealized (losses) gains on investments(66,282)17,187139,66489,407
Change in allowance for expected credit losses on investments(1,128)2,314(12,365)(11,003)
Net investment (losses) gains(67,410)19,501127,29978,404
Revenues from non-insurance businesses119,013120,374345,210316,927
Insurance service fees27,94021,46782,28469,531
Other income802,0721,7973,163
Total revenues2,724,4002,424,2838,152,6976,877,238
OPERATING COSTS AND EXPENSES:    
Losses and loss expenses1,564,5781,298,3924,339,6463,623,630
Other operating costs and expenses725,537643,0452,139,2561,907,020
Expenses from non-insurance businesses116,240115,465334,062308,453
Interest expense31,78035,10098,473109,846
Total operating costs and expenses2,438,1352,092,0026,911,4375,948,949
Income before income taxes286,265332,2811,241,260928,289
Income tax expense(55,791)(64,963)(238,290)(191,577)
Net income before noncontrolling interests230,474267,3181,002,970736,712
Noncontrolling interests(1,595)(6,021)(4,131)(8,652)
Net income to common stockholders$ 228,879$ 261,297$ 998,839$ 728,060
NET INCOME PER SHARE:    
Basic (in dollar per share)$ 0.83$ 0.94$ 3.61$ 2.62
Diluted (in dollar per share)$ 0.82$ 0.93$ 3.57$ 2.59

WRB Balance Sheet

2022-09-30
Consolidated Balance Sheets Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Investments:  
Fixed maturity securities (amortized cost of $18,467,661 and $16,471,304; allowance for expected credit losses of $34,716 and $22,625 at September 30, 2022 and December 31, 2021, respectively)$ 17,230,936$ 16,602,673
Investment funds1,662,0291,480,612
Real estate1,320,5501,852,508
Equity securities1,173,589941,243
Arbitrage trading account1,165,0161,179,606
Loans receivable (net of allowance for expected credit losses of $1,992 and $1,718 at September 30, 2022 and December 31, 2021, respectively)112,800115,172
Total investments22,664,92022,171,814
Cash and cash equivalents1,130,7501,568,843
Premiums and fees receivable (net of allowance for expected credit losses of $30,578 and $25,218 at September 30, 2022 and December 31, 2021, respectively)2,752,6782,522,972
Due from reinsurers (net of allowance for expected credit losses of $7,999 and $7,713 at September 30, 2022 and December 31, 2021, respectively)3,160,8432,923,026
Deferred policy acquisition costs766,923676,145
Prepaid reinsurance premiums701,044676,915
Property, furniture and equipment414,228419,883
Goodwill169,652169,652
Accrued investment income150,801122,938
Current and deferred federal and foreign income taxes407,59542,457
Other assets757,385753,231
Total assets33,076,81932,047,876
Liabilities:  
Reserves for losses and loss expenses16,540,12315,390,888
Unearned premiums5,374,9854,847,160
Due to reinsurers579,262514,980
Trading account securities sold but not yet purchased61,169
Trading account payable to brokers and clearing organizations82053,636
Other liabilities1,369,1691,305,245
Senior notes and other debt1,834,2872,259,416
Subordinated debentures1,008,1911,007,652
Total liabilities26,706,84325,380,146
Equity:  
Perferred stock, par value $.10 per share: Authorized 5,000,000 shares; issued and outstanding - none00
Common stock, par value $.20 per share: Authorized 500,000,000 shares, issued and outstanding, net of treasury shares, 177,930,502 and 183,411,907 shares, respectively105,803105,803
Additional paid-in capital984,803981,104
Retained earnings9,805,2379,015,135
Accumulated other comprehensive loss(1,385,810)(281,955)
Treasury stock, at cost, 263,212,911 and 263,843,868 shares, respectively(3,163,967)(3,167,076)
Total stockholders’ equity6,346,0666,653,011
Noncontrolling interests23,91014,719
Total equity6,369,9766,667,730
Total liabilities and equity$ 33,076,819$ 32,047,876
Common shares authorized (in shares)1,250,000,000750,000,000
Liability for Claims and Claims Adjustment Expense [Line Items]  
Liability recognized for best estimate net of reinsurance, reported losses$ 343,000