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W. R. Berkley Corp Stock Research

WRB

56.15USD+0.05(+0.09%)Delayed

Market Summary

USD56.15+0.05
Delayed
0.09%

WRB Alerts

WRB Stock Price

WRB RSI Chart

WRB Valuation

Market Cap

14.7B

Price/Earnings (Trailing)

13.59

Price/Sales (Trailing)

1.32

EV/EBITDA

8.81

Price/Free Cashflow

5.81

WRB Price/Sales (Trailing)

WRB Profitability

EBT Margin

15.40%

Return on Equity

20.47%

Return on Assets

4.08%

Free Cashflow Yield

17.2%

WRB Fundamentals

WRB Revenue

Revenue (TTM)

11.1B

Revenue Y/Y

-0.7%

Revenue Q/Q

-3.94%

WRB Earnings

Earnings (TTM)

1.1B

Earnings Y/Y

-50.2%

Earnings Q/Q

-23.05%

Price Action

52 Week Range

55.5076.99
(Low)(High)

Last 7 days

-2.6%

Last 30 days

-2.1%

Last 90 days

-15.4%

Trailing 12 Months

-19.2%

WRB Financial Health

WRB Investor Care

Dividend Yield

2.49%

Dividend/Share (TTM)

1.4

Buy Backs (1Y)

1.00%

Diluted EPS (TTM)

3.89

Peers (Alternatives to W R Berkley)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
80.9B
52.1B
-4.00% 10.00%
112.13
1.63
6.08% -60.84%
39.8B
37.8B
-2.45% 0.63%
14.22
1.05
6.99% -29.09%
39.6B
51.6B
6.42% -4.08%
3.86
0.7
-3.37% -38.13%
28.8B
52.9B
-3.97% -15.88%
-12.04
0.54
4.73% -167.90%
24.5B
12.4B
-5.12% 26.78%
41.05
1.97
3.58% -56.71%
23.3B
22.9B
0.31% -2.34%
11.93
1.05
1.76% -25.56%
11.4B
-
0.57% 29.95%
32.11
0.97
- -
9.7B
7.2B
-4.93% -11.85%
11.83
1.35
8.46% -56.06%
MID-CAP
8.3B
6.5B
-8.64% 24.01%
-80.86
1.27
18.12% 27.70%
3.9B
1.6B
3.06% 6.01%
-21.91
2.4
- -308.14%
SMALL-CAP
1.4B
1.4B
-0.16% -25.99%
-529.92
1
2.59% -108.90%
1.2B
338.2M
-4.28% -23.19%
21.71
3.53
22.24% 25.58%
990.7M
1.1B
-31.02% -46.30%
-2.5K
0.9
-7.68% -102.27%
758.8M
847.3M
6.72% -22.00%
24.98
0.9
7.01% 151.37%

Financials for W R Berkley

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Revenue-0.2%11,14611,16610,73110,43110,214
Operating Expenses3.6%9,7839,4479,1358,7898,495
EBITDA5.5%1,9061,8061,8771,986-
EBITDA Margin1.4%0.17*0.17*0.18*0.19*-
Earnings Before Taxes-20.7%1,3631,7201,5961,6421,719
EBT Margin3.6%0.15*0.15*0.16*0.17*-
Interest Expenses-2.4%127130136139146
Net Income-21.5%1,0851,3811,2931,3261,384
Net Income Margin2.6%0.12*0.12*0.13*0.14*-
Free Cahsflow5.6%2,5692,4332,4942,351-
Balance Sheet
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Assets1.3%34,29633,86133,07732,69232,251
    Cash Equivalents-14.3%1,2421,4491,1311,3172,115
  Net PPE-0.5%421423414415418
  Goodwill0%186186170170170
Liabilities0.9%27,33027,09326,70726,15625,363
Shareholder's Equity2.9%6,9446,7486,3466,5146,865
  Retained Earnings1.3%10,29710,1619,8059,6039,583
  Additional Paid-In Capital1.1%1,0089989851,001992
Shares Outstanding-0.8%263265266265265
Minority Interest9.0%22.0020.0024.0022.0023.00
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Cashflow From Operations-1.3%2,5362,5692,4332,4942,351
  Share Based Compensation0.7%50.0049.0046.0048.0046.00
Cashflow From Investing-46.4%-2,769-1,891-2,498-2,377-1,275
Cashflow From Financing20.2%-616-771-851-568-973
  Dividend Payments57.7%371235382357357
  Buy Backs143.6%22994.007.0093.0093.00

Risks for WRB

What is the probability of a big loss on WRB?

23.5%


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.

Drawdowns

Returns for WRB

Cumulative Returns on WRB

14.1%


10-Year Cumulative Returns

14.5%


7-Year Cumulative Returns

12.6%


5-Year Cumulative Returns

15.2%


3-Year Cumulative Returns

What are the long-term rolling returns for WRB?

FIve years rolling returns for W R Berkley.

Annualized Returns

Which funds bought or sold WRB recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-05-23
Capital Impact Advisors, LLC
sold off
-100
-216,476
-
-%
2023-05-23
MOUNTAIN PACIFIC INVESTMENT ADVISERS INC/ID
sold off
-100
-205,736
-
-%
2023-05-23
Toroso Investments, LLC
added
128
1,047,000
2,138,000
0.04%
2023-05-23
Brookfield Corp /ON/
added
93.97
7,212,370
18,072,800
0.07%
2023-05-22
Raleigh Capital Management Inc.
reduced
-25.1
-6,350
11,302
0.01%
2023-05-22
AMERIPRISE FINANCIAL INC
reduced
-1.63
-3,515,430
19,025,600
0.01%
2023-05-22
American Trust
reduced
-24.58
-147,028
269,524
0.02%
2023-05-22
PUTNAM INVESTMENTS LLC
reduced
-9.84
-762,850
2,605,270
-%
2023-05-22
FDx Advisors, Inc.
unchanged
-
-
1,683,000
0.07%
2023-05-19
AMI INVESTMENT MANAGEMENT INC
reduced
-24.17
-109,528
203,901
0.10%

1–10 of 47

Latest Funds Activity

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

W R Berkley News

MarketBeat
Connor Clark & Lunn Investment Management Ltd. Grows Stock ....
MarketBeat,
29 hours ago
Yahoo Finance

Schedule 13G FIlings of W R Berkley

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2023
vanguard group inc
9.57%
25,400,556
SC 13G/A
Feb 01, 2023
blackrock inc.
5.4%
14,366,687
SC 13G/A
Feb 10, 2022
morgan stanley
5.3%
9,317,556
SC 13G/A
Feb 01, 2022
blackrock inc.
5.4%
9,574,474
SC 13G/A
Dec 10, 2021
morgan stanley
5.5%
9,630,829
SC 13G/A
Feb 12, 2021
eaton vance management
6.06%
10,805,964
SC 13G/A
Feb 12, 2021
eaton vance management
6.06%
10,805,964
SC 13G/A
Feb 10, 2021
vanguard group inc
8.82%
15,723,551
SC 13G/A
Feb 01, 2021
blackrock inc.
5.4%
9,542,523
SC 13G/A
Feb 13, 2020
eaton vance management
5.80%
10,289,640
SC 13G/A

WRB Fair Value

W R Berkley fair value in different scenarios

The table shows the Fair Value estimates for W R Berkley for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

55.39

-1.35%

65.52

16.69%

87.42

55.69%

154.59

175.32%

202.10

259.93%
Current Inflation

51.22

-8.78%

59.83

6.55%

78.35

39.54%

134.78

140.04%

174.37

210.54%
Very High Inflation

46.03

-18.02%

52.90

-5.79%

67.57

20.34%

111.93

99.34%

142.73

154.19%

Historical W R Berkley Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of W R Berkley

View All Filings
Date Filed Form Type Document
May 15, 2023
13F-HR
Fund Holdings Report
May 04, 2023
10-Q
Quarterly Report
Apr 28, 2023
DEFA14A
DEFA14A
Apr 28, 2023
DEF 14A
DEF 14A
Apr 28, 2023
ARS
ARS
Apr 25, 2023
4
Insider Trading
Apr 20, 2023
8-K
Current Report
Mar 01, 2023
8-K
Current Report
Feb 24, 2023
10-K
Annual Report

Latest Insider Trading transactions for WRB

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-04-21
Baio Richard Mark
acquired
99,750
57.00
1,750
evp & cfo
2023-01-20
Talisman Jonathan
acquired
276
69.24
4.00
-
2022-12-23
Talisman Jonathan
acquired
73.28
73.28
1.00
-
2022-09-29
Talisman Jonathan
acquired
63.82
63.82
1.00
-
2022-08-15
BERKLEY WILLIAM R JR
acquired
-
-
99,374
president and ceo
2022-08-15
Baio Richard Mark
acquired
-
-
11,914
evp & cfo
2022-08-15
Baio Richard Mark
sold (taxes)
-35,981
65.78
-547
evp & cfo
2022-08-15
Sgaglione Lucille T
acquired
-
-
14,526
evp
2022-08-15
Sgaglione Lucille T
sold (taxes)
-42,428
65.78
-645
evp
2022-08-15
Welt Philip S
sold (taxes)
-27,430
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

2023-03-31
Consolidated Statements Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
REVENUES:  
Net premiums written$ 2,574,824$ 2,413,254
Change in net unearned premiums(83,392)(164,167)
Net premiums earned2,491,4322,249,087
Net investment income223,398173,512
Net realized and unrealized gains on investments22,611369,882
Change in allowance for expected credit losses on investments399(3,617)
Net investment gains23,010366,265
Revenues from non-insurance businesses124,20097,776
Insurance service fees32,85727,951
Other income107818
Total revenues2,895,0042,915,409
OPERATING COSTS AND EXPENSES:  
Losses and loss expenses1,538,7551,339,252
Other operating costs and expenses825,575713,899
Expenses from non-insurance businesses122,76794,855
Interest expense31,83634,970
Total operating costs and expenses2,518,9332,182,976
Income before income taxes376,071732,433
Income tax expense(80,342)(139,403)
Net income before noncontrolling interests295,729593,030
Noncontrolling interests(1,603)(2,392)
Net income to common stockholders$ 294,126$ 590,638
NET INCOME PER SHARE:  
Basic (in dollar per share)$ 1.07$ 2.13
Diluted (in dollar per share)$ 1.06$ 2.12

WRB Balance Sheet

2023-03-31
Consolidated Balance Sheets Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Investments:  
Fixed maturity securities (amortized cost of $18,988,459 and $18,715,483; allowance for expected credit losses of $37,249 and $37,466 at March 31, 2023 and December 31, 2022, respectively)$ 18,091,113$ 17,587,349
Investment funds1,601,5671,608,548
Real estate1,338,5041,340,622
Equity securities1,279,9551,185,894
Arbitrage trading account609,001944,230
Loans receivable (net of allowance for expected credit losses of $1,609 and $1,791 at March 31, 2023 and December 31, 2022, respectively)194,944193,002
Total investments23,115,08422,859,645
Cash and cash equivalents1,242,3571,449,346
Premiums and fees receivable (net of allowance for expected credit losses of $32,353 and $30,660 at March 31, 2023 and December 31, 2022, respectively)2,814,5042,779,244
Due from reinsurers (net of allowance for expected credit losses of $8,703 and $8,064 at March 31, 2023 and December 31, 2022, respectively)3,282,2883,187,730
Deferred policy acquisition costs786,502763,486
Prepaid reinsurance premiums701,295696,468
Trading account receivables from brokers and clearing organizations583,970233,863
Property, furniture and equipment421,102423,232
Goodwill185,509185,509
Accrued investment income181,342166,784
Current and deferred federal and foreign income taxes205,291333,774
Other assets776,820736,022
Total assets34,296,06433,815,103
Liabilities:  
Reserves for losses and loss expenses17,431,63517,011,223
Unearned premiums5,385,8865,297,654
Due to reinsurers539,333523,131
Other liabilities1,137,0551,377,740
Senior notes and other debt1,827,9811,828,823
Subordinated debentures1,008,5511,008,371
Total liabilities27,330,44127,046,942
Equity:  
Perferred stock, par value $.10 per share: Authorized 5,000,000 shares; issued and outstanding - none00
Common stock, par value $.20 per share: Authorized 500,000,000 shares, issued and outstanding, net of treasury shares, 177,930,502 and 183,411,907 shares, respectively105,803105,803
Additional paid-in capital1,008,128997,534
Retained earnings10,296,53910,161,005
Accumulated other comprehensive loss(1,078,917)(1,264,581)
Treasury stock, at cost, 266,478,098 and 264,468,528 shares, respectively(3,387,538)(3,251,429)
Total stockholders’ equity6,944,0156,748,332
Noncontrolling interests21,60819,829
Total equity6,965,6236,768,161
Total liabilities and equity$ 34,296,064$ 33,815,103