W. R. Berkley Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Investments in Debt Securities	-	22,398	20,178	17,587	16,603
Investments in Equity & Preferred Securities	-	1,204	1,090	1,186	941.24
Other Investments	-	1,468	1,622	1,609	1,481
Total Investments	-	27,889	25,280	22,860	22,172
Cash & Equivalents	-	1,975	1,363	1,449	1,569
Reinsurance Recoverable	-	3,558	3,535	3,188	2,923
Other Receivables	-	3,610	3,628	3,219	2,669
Deferred Policy Acquisition Cost	-	951.73	861.61	763.49	676.15
Property, Plant & Equipment	-	658.55	603.3	592.5	592.06
Goodwill	-	184.33	174.6	185.51	169.65
Other Intangible Assets	-	97	119	102	85
Other Current Assets	-	823.21	758.93	696.47	676.92
Long-Term Deferred Tax Assets	-	220.22	309.62	340.65	57.43
Other Long-Term Assets	-	600.06	570.06	464.75	496.05
Total Assets	-	40,567	37,202	33,861	32,086
Unpaid Claims	-	20,368	18,740	17,011	15,391
Unearned Premiums	-	6,375	5,922	5,298	4,847
Reinsurance Payable	-	668.65	631.16	523.13	514.98
Current Portion of Long-Term Debt	-	-	-	-	426.43
Current Portion of Leases	-	48.82	-	-	-
Current Income Taxes Payable	-	53.48	47.53	34.35	21.07
Long-Term Debt	-	2,841	2,837	2,837	2,841
Long-Term Leases	-	169.58	218.62	204.09	208.73
Long-Term Deferred Tax Liabilities	-	65.15	42.66	11.65	17.47
Other Current Liabilities	-	73.36	9.36	-	54.81
Other Long-Term Liabilities	-	1,497	1,284	1,174	1,097
Total Liabilities	-	32,160	29,733	27,093	25,419
Common Stock	-	158.71	158.71	105.8	105.8
Additional Paid-In Capital	-	984.83	964.79	997.53	981.1
Retained Earnings	-	12,265	11,041	10,161	9,015
Treasury Stock	-	-4,079	-3,783	-3,251	-3,167
Comprehensive Income & Other	-	-934.27	-925.84	-1,265	-281.96
Total Common Equity	9,799	8,395	7,455	6,748	6,653
Minority Interest	-	12.33	13.81	19.83	14.72
Shareholders' Equity	9,805	8,407	7,469	6,768	6,668
Total Liabilities & Equity	-	40,567	37,202	33,861	32,086
Filing Date Shares Outstanding	377.16	379.23	384.82	395.17	397.78
Total Common Shares Outstanding	377.16	380.07	384.82	396.82	397.76
Total Debt	3,087	3,059	3,056	3,041	3,476
Net Cash (Debt)	-682.67	-1,085	-1,692	-1,592	-1,907
Net Cash Per Share	-1.71	-2.69	-4.13	-3.80	-4.54
Book Value Per Share	25.79	22.09	19.37	17.01	16.73
Tangible Book Value	9,615	8,114	7,162	6,461	6,398
Tangible Book Value Per Share	25.31	21.35	18.61	16.28	16.09

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.