W. R. Berkley (WRB) stock
Financials · Property & Casualty Insurance
W. R. Berkley (WRB) is a Property & Casualty Insurance company in the Financials sector, headquartered in Greenwich, Connecticut. As of October 23, 2026, WRB closed at $73.33, a market capitalization of $27.22 billion, the 339th largest company in the S&P 500. Over the last twelve months it generated $14.87 billion in revenue (-1% year over year) and $3.47 billion in free cash flow. The stock trades at 15.5x trailing earnings and 15.1x forward earnings.
- 1-year total return: +0.2% (dividends reinvested)
- 5-year return: +17.7% a year
- 52-week range: $62.87 – $78.96
- Gross margin 43.6%, operating margin 16.1%
- Dividend yield: 0.55%
- FI Handbook report card: C across 9 metrics
- 56th largest of 76 Financials stocks in the S&P 500
WRB price chart
1Y price change: -2.5% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| WRB | +8.4% | +5.8% | +0.2% | +23.4% | +17.7% | +18.7% | +13.6% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1973.
WRB key statistics
- Market cap
- $27.2B
- #339 in S&P 500
- P/E (TTM)
- 15.5x
- Forward P/E
- 15.1x
- EPS (TTM)
- $4.73
- Revenue (TTM)
- $14.9B
- -1%
- Free cash flow
- $3.5B
- Gross margin
- 43.6%
- Operating margin
- 16.1%
- Return on equity
- —
- Dividend yield
- 0.55%
- 52-week range
- $62.87 – $78.96
- Beta
- 0.27
- Price / sales
- 1.8x
- EV / EBITDA
- 11.0x
- Debt / equity
- 0.32x
- Employees
- 8,804
WRB report card
CTen fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth-0.8%F
- Gross margin43.6%B
- Operating margin16.1%C
- FCF margin23.3%B
- Return on equity——
- Net debt / EBITDA-0.3xA
- Forward P/E15.1xB
- PEG ratio4.6xF
- Shareholder yield1.5%C
- Share count change / yr293.3%F
W.R. Berkley financials
Revenue went from $7.7B in fiscal 2016 to $14.7B in fiscal 2025, growing 7.5% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.7B | $7.7B | $7.7B | $7.9B | $8.1B | $9.5B | $11.2B | $12.1B | $13.6B | $14.7B |
| Net income | $601.9M | $549.1M | $640.7M | $681.9M | $530.7M | $1.0B | $1.4B | $1.4B | $1.8B | $1.8B |
| EPS (diluted) | $1.39 | $1.26 | $1.48 | $1.56 | $1.25 | $2.44 | $3.29 | $3.37 | $4.36 | $4.45 |
| Free cash flow | $797.5M | $595.2M | $570.3M | $1.1B | — | — | — | — | — | — |
| Buybacks | $132.4M | $47.8M | $24.8M | $18.2M | $346.4M | $122.4M | $94.1M | $537.2M | $303.7M | $270.2M |
| Dividends paid | $184.0M | $188.2M | $255.0M | $308.2M | $84.1M | $355.7M | $235.2M | $501.5M | $532.0M | $700.3M |
| Diluted shares | 433.9M | 435,436 | 432,889 | 435,422 | 424,718 | 419,624 | 419,192 | 409.9M | 403.2M | 399.9M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into WRB?
A reverse DCF asks what growth the current price requires. With an enterprise value of $26.4B and $3.5B of trailing free cash flow, W.R. Berkley needs to grow free cash flow about -12.6% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew 9.4% a year over the last five years.
P/E ratio history
Current 16.5x vs. median 15.2x (10th–90th percentile 11.5x–20.1x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
WRB dividend
- Dividend yield
- 0.55%
- Annual dividend
- $0.40
- Years of increases
- —
- 5-yr dividend growth
- -4.0%
- per year
- Payout ratio
- 8%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
WRB analyst price targets
17 analysts' average 12-month target is $69.06 (-6% vs. $73.33). Targets range from $51.00 to $83.00. 11% rate it a buy.
WRB earnings
Next report: January 25, 2027. W.R. Berkley has beaten EPS estimates 4 quarters in a row.
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Oct 19, 2026 | $1.16 | $1.17 | +0.5% |
| Jul 20, 2026 | $1.08 | $1.27 | +17.3% |
| Apr 21, 2026 | $1.14 | $1.30 | +14.1% |
| Jan 26, 2026 | $1.12 | $1.13 | +0.5% |
| Oct 20, 2025 | $1.10 | $1.10 | -0.3% |
| Jul 21, 2025 | $1.02 | $1.05 | +2.5% |
| Apr 21, 2025 | $0.99 | $1.01 | +2.4% |
| Jan 27, 2025 | $0.95 | $1.13 | +18.5% |
Stocks like WRB
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 CB Chubb | -2.43% | +27% | $137.0B | 12.4x | Compare |
 PGR Progressive | -0.68% | +10% | $132.2B | 11.5x | Compare |
 TRV Travelers Companies | -1.77% | +50% | $81.6B | 10.5x | Compare |
 ALL Allstate | -2.28% | +33% | $64.0B | 5.1x | Compare |
 HIG Hartford Insurance Group, I | -1.93% | +11% | $37.0B | 9.7x | Compare |
 ACGL Arch Capital | -0.97% | +16% | $34.7B | 8.0x | Compare |
 CINF Cincinnati Financial Corporatio | -1.11% | +16% | $27.1B | 8.3x | Compare |
 BRK-B Berkshire Hathaway | -0.87% | +11% | $1.2T | 13.6x | Compare |
WRB news
- W. R. Berkley (WRB) Stock Slips As Q3 Earnings Lean On Underwriting Quality · Oct 20, 2026
- WRB Q3 Deep Dive: Technology Efficiency Offsets Margin Pressures, Reinsurance Shrinks · Oct 20, 2026
- W. R. Berkley: 3 Key Takeaways for Long-Term Investors · Oct 20, 2026
- W. R. Berkley's Q3 EPS Beat Driven by Stronger Underlying Loss Ratio, UBS Says · Oct 20, 2026
- W. R. Berkley (WRB) Q3 2026 Earnings Call Transcript · Oct 20, 2026
WRB stock FAQ
What is WRB's market cap?
W. R. Berkley's market capitalization is $27.22 billion as of October 23, 2026, ranking 339th in the S&P 500.
What is WRB's P/E ratio?
WRB trades at a trailing price-to-earnings ratio of 15.5x and a forward P/E of 15.1x. Its median P/E over the period we track is 15.2x.
Does WRB pay a dividend?
Yes. W. R. Berkley pays $0.40 per share a year, a 0.55% yield. Dividends fell 4.0% a year over the last five years.
How much has WRB stock returned?
Including reinvested dividends, WRB returned +0.2% over one year, +17.7% a year over five years, +18.7% a year over ten years through October 23, 2026.
Is WRB stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies W. R. Berkley must grow free cash flow about -13% a year for the next decade. Its free cash flow grew 9% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the WRB price target?
17 analysts cover WRB with an average 12-month price target of $69.06, -6% from the current price. 11% of them rate it a buy.
When does WRB report earnings?
W. R. Berkley is expected to report earnings on January 25, 2027. It has beaten EPS estimates 4 quarters in a row.
How many employees does W. R. Berkley have?
W. R. Berkley has about 8,804 full-time employees, or $1.7 million of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology