W. R. Berkley Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Net Premiums Earned	12,550	12,447	11,549	10,401	9,561	8,106
Investment Income	1,473	1,429	1,333	1,053	779.19	671.62
Net Gains on Investments	99.33	130.67	79.74	47.54	217.31	106.96
Total Other Revenues	727.86	699.63	639.4	642.37	623.49	587.19
Revenue	14,851	14,708	13,639	12,143	11,167	9,455
Revenue Growth (YoY)	6.62%	7.84%	12.32%	8.74%	18.10%	16.75%
Insurance Benefits & Claims	7,807	7,772	7,132	6,372	5,862	4,954
Other Operating Expenses	4,559	4,529	4,116	3,889	3,455	3,071
Operating Income	2,485	2,407	2,391	1,882	1,850	1,430
Interest Expense	-126.87	-126.89	-126.91	-127.46	-130.37	-147.18
Total Non-Operating Income (Expense)	-126.87	-126.89	-126.91	-127.46	-130.37	-147.18
Pretax Income	2,358	2,281	2,264	1,754	1,720	1,283
Provision for Income Taxes	475.03	495.76	509.92	370.56	334.73	251.89
Net Income	1,877	1,779	1,756	1,381	1,381	1,022
Minority Interest in Earnings	5.96	5.38	-1.54	2.49	3.89	8.53
Net Income to Common	1,877	1,779	1,756	1,381	1,381	1,022
Net Income Growth	8.42%	1.33%	27.13%	0.02%	35.07%	92.68%
Shares Outstanding (Basic)	396	397	400	407	415	416
Shares Outstanding (Diluted)	399	400	403	410	419	420
Shares Change (YoY)	-0.73%	-0.83%	-1.64%	-2.21%	-0.10%	-1.20%
EPS (Basic)	4.74	4.48	4.39	3.40	3.33	2.46
EPS (Diluted)	4.72	4.45	4.36	3.37	3.29	2.44
EPS Growth	9.51%	2.06%	29.38%	2.43%	34.84%	95.72%
Shares Outstanding	374.49	377.16	380.07	384.82	396.82	397.76
Free Cash Flow	-	3,427	3,506	2,874	2,470	2,117
Free Cash Flow Growth	-	-2.25%	21.99%	16.36%	16.66%	34.13%
Free Cash Flow Per Share	-	8.57	8.70	7.01	5.89	5.05
Dividends Per Share	0.270	0.350	0.310	0.430	0.260	0.227
Dividend Growth	-22.86%	12.90%	-27.91%	65.39%	14.69%	9.68%
Operating Margin	16.73%	16.37%	17.53%	15.50%	16.57%	15.12%
Profit Margin	12.68%	12.13%	12.86%	11.40%	12.40%	10.90%
FCF Margin	-	23.30%	25.71%	23.67%	22.12%	22.39%
EBITDA	2,485	2,359	2,221	1,861	1,906	1,560
EBITDA Margin	16.73%	16.04%	16.28%	15.33%	17.07%	16.50%
EBIT	2,485	2,407	2,391	1,882	1,850	1,430
EBIT Margin	16.73%	16.37%	17.53%	15.50%	16.57%	15.12%
Effective Tax Rate	20.15%	21.74%	22.52%	21.12%	19.46%	19.63%

Updated Mar 31, 2026. Data Source: Fiscal.ai. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q