W. R. Berkley Corporation (WRB)

W. R. Berkley Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	12,505	12,143	11,166	9,455	8,099	7,902
Revenue Growth (YoY)	12.19%	8.74%	18.10%	16.75%	2.49%	2.74%
Cost of Revenue	6,497	6,372	5,862	4,954	4,469	4,131
Gross Profit	6,008	5,771	5,305	4,502	3,630	3,771
Selling, General & Admin	3,407	3,364	2,962	2,599	2,390	2,362
Other Operating Expenses	520.84	525	493.19	472.15	384.49	402.67
Operating Expenses	3,928	3,889	3,455	3,071	2,775	2,765
Operating Income	2,080	1,882	1,850	1,430	855.34	1,006
Interest Expense / Income	127.35	127.46	130.37	147.18	150.54	153.41
Other Expense / Income	0.45	2.49	3.89	8.53	2.32	2.04
Pretax Income	1,952	1,752	1,716	1,274	702.49	850.88
Income Tax	422.25	370.56	334.73	251.89	171.82	168.94
Net Income	1,530	1,381	1,381	1,022	530.67	681.94
Net Income Growth	41.05%	0.02%	35.07%	92.68%	-22.18%	6.43%
Shares Outstanding (Basic)	385	387	398	397	401	413
Shares Change	-2.62%	-2.86%	0.19%	-0.89%	-2.97%	0.27%
EPS (Basic)	3.79	3.40	3.33	2.46	1.26	1.59
EPS (Diluted)	3.75	3.37	3.29	2.44	1.25	1.56
EPS Growth	44.74%	2.25%	34.96%	95.67%	-20.27%	5.68%
Free Cash Flow	3,134	2,876	2,516	2,117	1,579	1,083
Free Cash Flow Per Share	8.14	7.44	6.32	5.33	3.94	2.62
Dividend Per Share	0.960	1.287	0.591	0.893	0.209	0.747
Dividend Growth	2.89%	117.77%	-33.82%	327.27%	-72.02%	20.68%
Gross Margin	48.04%	47.52%	47.51%	47.61%	44.82%	47.72%
Operating Margin	16.63%	15.50%	16.57%	15.12%	10.56%	12.73%
Profit Margin	12.23%	11.38%	12.37%	10.81%	6.55%	8.63%
Free Cash Flow Margin	25.06%	23.69%	22.53%	22.39%	19.49%	13.71%
Effective Tax Rate	21.63%	21.15%	19.51%	19.77%	24.46%	19.85%
EBITDA	1,968	1,859	1,902	1,551	988.09	1,118
EBITDA Margin	15.74%	15.31%	17.03%	16.41%	12.20%	14.14%
Depreciation & Amortization	-111.38	-20.86	55.87	129.68	135.07	113.39
EBIT	2,079	1,879	1,846	1,422	853.02	1,004
EBIT Margin	16.63%	15.48%	16.53%	15.03%	10.53%	12.71%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).