W.R. Berkley is an insurance holding company with a host of subsidiaries that primarily underwrite commercial casualty insurance.
It is a $26.7B financial services company. Revenue grew 4.3% over the last year, and it keeps 13¢ of every dollar of sales as profit. It trades at 13.9× earnings — in the cheapest third of its own history.
- Website
- wrberkley.com
- Location
- Greenwich, CT
- Employees
- 8 804
- Sector
- Financial Services
- Founded
- 1967
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong valuation and profitability.
Valuation90
- P/E vs own history22th pct · 20/25
- FCF yield13.5% · 25/25
- P/S1.8x · 25/25
- EV/EBITDA10.4x · 20/25
Growth65
- Revenue CAGR11.7% · 20/25
- Net income CAGR14.9% · 20/25
- EPS CAGR ~5Y21.7% · 25/25
- Fwd implied growth-0.7% · 0/25
Profitability80
- ROIC18.3% · 20/25
- ROE19.7% · 20/25
- Net margin12.9% · 20/25
- Operating margin17.4% · 20/25
Health51
- Altman Zn/a · 0/25
- Current ratio0.92 · 6/25
- Interest coverage12.7x · 25/25
- Net cash / debtD/A 1% · 20/25
Quality65
- Piotroski F5/9 · 15/25
- Beneish M-2.57 · 25/25
- FCF conversionn/a · 0/25
- Margin stabilityσ 4.5% · 25/25
Moat68
- ROIC >12% years9/9 yrs · 25/25
- Median gross marginn/a · 0/25
- FCF-positive years3/3 yrs · 25/25
- Worst-year net marginworst 6.6% · 18/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2025FinancialBest year on record$1.78B net income
- FY2022FinancialRevenue crossed $10B$11.2B for the year
- FY2017FinancialProfitable every year on record9 consecutive profitable years in our data
- FY2017FinancialRevenue already above $1B$7.68B in first reported year
- FY2017FinancialPositive free cash flow every year since9-year streak
- 2006AcquisitionThe company acquired Garnet Captive Services LLC, a San Francisco insurance brokerage and…
- 1995AcquisitionThe company acquired the remaining 40% interest in Signet Star from Gen Re
- 1994AcquisitionThe company acquired Key Risk Management Services Inc
- 1973IPOThe company became a public company via an initial public offering
- 1967FoundedBerkley Corporation was founded in 1967 by William R
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- Strong cash conversion — FCF is 24.2% of revenue
- Interest covered 12.7× by operating earnings
- High returns on invested capital (ROIC 18.3%)
Watch-outs
Nothing stands out as a concern in the available data.
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+4.3% YoY
- Profitable — makes more than it spends$1.93B TTM
- Profit growing — earnings are higher than last year+10.5% YoY
- Generates cash — cash left after running and investing$3.60B TTM
- Debt under control — could handle its obligations~0.2y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$26.7B market cap
- Not printing shares — share count not ballooning — you keep your slice-2.2% shares over ~5y
- Proven track record — years of profitability behind it9/9 profitable years
- Financially stable — balance sheet not near distresshealth score 31/100
- Pays a dividend — returns cash to shareholdersyield 1.79%
- Valuation not extreme — price not wildly above earningsP/E 13.9
Peer comparisonW.R. Berkley Corporation vs 6 largest financial services peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| WRB this company | $26.7B | 13.9 | +4.3% | 12.9% | Strained |
| BRK.A Berkshire Hathaway Inc. | $1.1T | 11.6 | +3.9% | 22.3% | Mixed |
| BRK.B Berkshire Hathaway | $1.1T | 11.6 | +0.0% | 18.0% | Strong |
| JPM JPMorgan Chase & Co. | $886.2B | 13.6 | +13.5% | 32.6% | Strained |
| V VISA Inc. | $723.9B | 31.9 | +14.4% | 50.8% | Solid |
| MA Mastercard Incorporated | $516.4B | 31.7 | +16.0% | 46.3% | Mixed |
| BAC Bank of America Corporation | $380.4B | 11.3 | +15.9% | 27.8% | Mixed |
Head-to-head: WRB vs BRK.A · WRB vs BRK.B · WRB vs JPM
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2017–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/WRB
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of WRB on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $71.91 · market cap $26.7B.