Stocks · Financial Services · Insurance - Property & Casualty
W. R. Berkley Corporation WRB
$69.77 +1.15% Close, Oct 5, 2026 · NYSE · Market cap $25.68B
High qualityInexpensive vs sector
Next earnings report: Oct 19, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Revenue over the last four quarters was $18.01B, up 26.0% from a year earlier, accelerating from 6.6% a quarter earlier.
- Diluted EPS over the last four quarters was $4.87, up 10.9% year over year.
- Over the past year the stock returned -8.4%, behind the S&P 500 by 24.2 percentage points.
PromtFinance scores
Each score is a percentile within the Financial Services sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 6, 2026.
Growth62Neutral
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 16%
- EPS growth (TTM, YoY)Bottom 39%
- FCF growth (TTM, YoY)Bottom 34%
- Revenue growth, 3-year CAGRBottom 29%
- Revenue growth accelerationTop 5%
Quality81Strong
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 12%
- Gross marginBottom 18%
- Operating marginBottom 30%
- Cash conversion (OCF / net income)Top 20%
- Accruals (lower is better)Top 19%
- Net debt / EBITDA (lower is better)Top 34%
- Interest coverTop 8%
Value83Strong
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 47%
- Free-cash-flow yieldTop 21%
- EBITDA / enterprise valueTop 32%
- Sales / enterprise valueTop 18%
- P/E vs own 5-year history (lower is better)Top 39%
Momentum36Weak
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 18%
- 6-month returnTop 48%
- 1-year return vs S&P 500Bottom 23%
- Distance from 52-week highBottom 46%
- Trend checklist (0–4)Top 26%
Revisions27Very weak
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 35%
- Consecutive EPS beatsTop 42%
- Share of analysts rating BuyBottom 18%
- Upside to consensus price targetBottom 10%
Stability76Positive
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 47%
- Maximum drawdown, 3 yearsTop 26%
- Beta vs S&P 500 (lower is better)Top 21%
- Net debt / EBITDA (lower is better)Top 34%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 6.6% | 26.0% | ↑ |
| EPS growth (YoY) | 9.5% | 10.9% | ↑ |
| Gross margin | 21.7% | 44.8% | ↑ |
| Operating margin | 15.8% | 13.7% | ↓ |
| FCF margin | 24.0% | 19.4% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 26.0% | 6.6% | ↑ | Top 16% |
| EPS growth (TTM, YoY) | 10.9% | 9.5% | ↑ | Bottom 39% |
| Gross margin | 44.8% | 21.7% | ↑ | Bottom 18% |
| Operating margin | 13.7% | 15.8% | ↓ | Bottom 30% |
| Net margin | 10.7% | 12.3% | ↓ | — |
| Free-cash-flow margin | 19.4% | 24.0% | ↓ | — |
| Return on invested capital | 11.0% | — | Top 12% | |
| Revenue growth, 3-year CAGR | 9.6% | — | Bottom 29% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 1.88×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -3.7%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.1%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -31.3 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 0.22×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 19.4×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.22%
- Net buyback yield (TTM)
- 2.47%
- Shareholder yield
- 2.69%
- Share count change, 1 year
- -2.1%
- Share count change, 3-year CAGR
- -1.5%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Jul 31, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 2
- Beats in the last 8 reports
- 6 of 8
- Average EPS surprise, last 4
- +7.9%
- Average 2-day reaction, last 8
- -0.2%
- Positive 20 days after report
- 6 of 8
Analysts
- Consensus price target
- $69.44
- Target vs current price
- -0.5%
- Analysts with a rating
- 30
- Share rating Buy or Strong Buy
- 23%
- Consensus rating
- Hold
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 20, 2026 | +17.6% | +1.6% | +5.4% | -1.5% | — |
| Apr 21, 2026 | +15.0% | -1.2% | +0.0% | +3.9% | +5.6% |
| Jan 26, 2026 | +0.0% | -0.4% | +2.2% | +5.8% | -2.6% |
| Oct 20, 2025 | -0.9% | -0.8% | +1.3% | +4.0% | -6.6% |
| Jul 21, 2025 | +1.9% | -1.4% | +0.3% | +3.0% | +12.7% |
| Apr 21, 2025 | +2.5% | -2.1% | +2.4% | +6.5% | -1.2% |
| Jan 27, 2025 | +17.8% | +3.0% | +2.3% | +8.3% | +23.2% |
| Oct 21, 2024 | +1.1% | -0.4% | -5.1% | -0.8% | -1.5% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 20, 2026 | $1.27 | $1.08 | +17.6% | $3.72B |
| Apr 21, 2026 | $1.30 | $1.13 | +15.0% | $3.12B |
| Jan 26, 2026 | $1.13 | $1.13 | +0.0% | $3.18B |
| Oct 20, 2025 | $1.10 | $1.11 | -0.9% | $3.77B |
| Jul 21, 2025 | $1.05 | $1.03 | +1.9% | $3.67B |
| Apr 21, 2025 | $1.01 | $0.99 | +2.5% | $3.55B |
| Jan 27, 2025 | $1.13 | $0.96 | +17.8% | $3.72B |
| Oct 21, 2024 | $0.93 | $0.92 | +1.1% | $3.40B |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 14.3× | 14.6× | 43th | Top 47% |
| P/E (forward) | 14.3× | — | — | — |
| EV / EBITDA | 10.5× | — | — | Top 32% |
| EV / Sales | 1.46× | — | — | Top 18% |
| Free-cash-flow yield | 13.63% | — | — | Top 21% |
| Earnings yield | 6.98% | — | — | Top 47% |
P/E over the past five years
Range 12.8× – 16.9× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- -8.4%
- Earnings per share growth (TTM)
- +10.9%
- Change in P/E multiple
- -7.2%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✓ Price above 20-day average
- ✗ Price above 50-day average
- ✓ Price above 200-day average
- ✓ 50-day average above 200-day
- ✓ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 3
- 50-day average slope (20 days)
- -1.5%
- 200-day average slope (20 days)
- -0.5%
- Distance from 50-day average
- -0.3%
- Distance from 200-day average
- +1.3%
- RSI (14)
- 54.8
- Relative volume
- 0.52×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 19.9%
- Volatility vs own 5-year history
- 20th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.25
- Correlation with S&P 500
- 0.15
- Current drawdown from 1-year high
- -11.1%
- Maximum drawdown, 3 years
- -19.0%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Nov 30, 2022 | May 31, 2023 | -27.0% | 124 days | 161 days (Jan 22, 2024) |
| Oct 14, 2025 | May 29, 2026 | -19.0% | 156 days | Not yet recovered |
| Jun 7, 2022 | Aug 2, 2022 | -15.4% | 38 days | 58 days (Oct 24, 2022) |
| Mar 28, 2024 | Apr 26, 2024 | -13.3% | 20 days | 86 days (Aug 29, 2024) |
| Nov 27, 2024 | Jan 10, 2025 | -12.7% | 28 days | 51 days (Mar 26, 2025) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $25.68B
- P/E (TTM)
- 14.3
- EPS, diluted (TTM)
- $4.87
- Revenue (TTM)
- $18.01B
- Dividend yield
- 2.69%
- 52-week range
- $62.87 – $78.96
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $9.46B | $11.17B | $12.14B | $13.64B | $14.71B |
| Gross profit | $2.02B | $2.44B | $2.72B | $3.12B | $2.91B |
| Operating income | $1.28B | $1.72B | $1.75B | $2.26B | $2.33B |
| Net income | $1.02B | $1.38B | $1.38B | $1.76B | $1.78B |
| EPS (diluted) | $2.44 | $3.29 | $3.37 | $4.36 | $4.45 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.40B | $3.67B | $3.55B | $3.67B | $3.77B | $3.72B | $3.69B | $6.83B |
| Net income | $365.6M | $576.1M | $417.6M | $401.3M | $511.0M | $449.5M | $515.2M | $452.3M |
| EPS (diluted) | $0.91 | $1.44 | $1.04 | $1.00 | $1.28 | $1.13 | $1.31 | $1.15 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $2.18B | $2.57B | $2.93B | $3.68B | $3.64B |
| Capital expenditure | -$66.6M | -$52.7M | -$53.1M | -$105.6M | -$170.0M |
| Free cash flow | $2.12B | $2.52B | $2.88B | $3.57B | $3.47B |
| Dividends paid | -$355.7M | -$235.2M | -$501.5M | -$532.0M | -$700.3M |
| Net share buybacks | -$122.4M | -$94.1M | -$537.2M | -$303.7M | -$270.2M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $29.78B
- Total assets
- $45.68B
- Total liabilities
- $35.46B
- Total debt
- $2.84B
- Net debt
- $560.1M
- Shareholders’ equity
- $10.20B
As of Jun 30, 2026 (filed Jul 31, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Sep 21, 2026 | $0.10 | Sep 30, 2026 |
| Jun 23, 2026 | $0.60 | Jul 2, 2026 |
| Feb 23, 2026 | $0.09 | Mar 4, 2026 |
| Dec 15, 2025 | $1.09 | Dec 29, 2025 |
| Sep 22, 2025 | $0.09 | Sep 30, 2025 |
| Jun 23, 2025 | $0.59 | Jun 30, 2025 |
| Mar 3, 2025 | $0.08 | Mar 12, 2025 |
| Dec 16, 2024 | $0.58 | Dec 27, 2024 |
Short interest
- Shares sold short
- 15,456,413
- Days to cover
- 5.68
- Change vs previous report
- +1.8%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Jul 11, 2024
- 3-for-2
- Mar 24, 2022
- 3-for-2
- Apr 3, 2019
- 3-for-2
- Apr 5, 2006
- 3-for-2
- Apr 11, 2005
- 3-for-2