WRB
W. R. Berkley CorporationPrevious close
73.86
Change
+0.76 / +1.04%
P/E (TTM) ?
14.4
Market Cap
$27.2B
1M
+9.36%
S&P 500 −0.91% over same period
Volume / Avg Volume
2.5M / 2.6M
0.98× average
Latest earnings analysisFY2026 Q2Reported 2026-07-20
W. R. Berkley Q2 FY2026: record premiums, 90.0% combined ratio
W. R. Berkley's second quarter was better than the headline numbers suggest: operating EPS of $1.27 beat the $1.0956 consensus by 15.9%, the combined ratio improved to 90.0%, and net investment income hit a record $418.7 million. Read the top line with care — revenue rose just 1.2% to $3.72 billion, and the Reinsurance segment shrank. This is a profitability story, not a growth story.
Read the full analysis →Revenue$3.72BYoY +1.20%
EPS (non-GAAP)$1.27Beatest. $1.10
Next-day move−0.78%
Recent Earnings
Click to read the FinDog analysis| Period | Reported | Revenue | Analysis |
|---|---|---|---|
| FY2026 Q2 Quarter ended 2026-06 | 2026-07-20 | $3.7B | Read analysis → |
| FY2026 Q1 Quarter ended 2026-03 | 2026-04-21 | $3.7B | Pending |
| FY2025 Q4 Quarter ended 2025-12 | 2026-01-26 | $14.7B | Pending |
| FY2025 Q3 Quarter ended 2025-09 | 2025-10-20 | $3.8B | Pending |
| FY2025 Q2 Quarter ended 2025-06 | 2025-07-21 | $3.7B | Pending |
| FY2025 Q1 Quarter ended 2025-03 | 2025-04-21 | $3.5B | Pending |
Decision Panel
Trends · Valuation · Earnings reaction · Guidance credibility — all from company filings and market dataValuation
P/E is at percentile 9 of its 5-year rangeCheap
5-year range 14.2 – 19.3 · Median 16.3
Last 4 quarters: $635M in buybacks + $480M in dividends, 4.09% of market cap combined
P/E (TTM)
14.4
P/B
2.7
P/S
1.8
Dividend Yield
0.54%
Earnings Reaction
Over the last 6 reports, the stock moved ±2.1% on average on the first trading day after, rising 5 times
Most recent −0.78%
Volatility & Correlation
1-year beta -0.70 · Correlation with S&P 500 -0.40Low beta
Annualized volatility 22% vs. 12% for the S&P 500
Insider Trading
View all →Last 90 days · Open-market buys and sells by officers and directors · Amounts in USD millions
No open-market buys or sells by officers or directors in the last 90 days.
Multi-Quarter Financial Trends
View all quarters →Last 12 quarters · As reported by the company
| Quarter | Revenue ($B) | YoY | Gross Margin | Net Income ($B) | EPS |
|---|---|---|---|---|---|
| FY2026 Q2 | 3.72 | +1.2% | — | 0.45 | 1.15 |
| FY2026 Q1 | 3.69 | +4.0% | — | 0.52 | 1.31 |
| FY2025 Q4 | 3.72 | +1.5% | — | 0.45 | 1.13 |
| FY2025 Q3 | 3.77 | +10.8% | — | 0.51 | 1.28 |
| FY2025 Q2 | 3.67 | +10.8% | — | 0.40 | 1.00 |
| FY2025 Q1 | 3.55 | +8.9% | — | 0.42 | 1.04 |
| FY2024 Q4 | 3.67 | +13.9% | — | 0.58 | 1.44 |
| FY2024 Q3 | 3.40 | +12.2% | — | 0.37 | 0.91 |
| FY2024 Q2 | 3.31 | +10.6% | — | 0.37 | 0.92 |
| FY2024 Q1 | 3.26 | +12.5% | — | 0.44 | 1.09 |
| FY2023 Q4 | 3.22 | +6.9% | — | 0.40 | 0.62 |
| FY2023 Q3 | 3.03 | +11.2% | — | 0.33 | 0.82 |