Sales up 7.8%
The latest figures
All key numbers (32) From EDGAR
| EPS (ttm) | 4.73 | Sales (ttm) | 14.9B | Net income (ttm) | 1.9B | Sales growth | +7.8% | EPS growth | +2.1% | Sales Q/Q | -0.8% |
| Free cash flow | - | Gross margin | - | Oper. margin | - | Net margin | 12.5% | FCF margin | - | ROE | 19.4% |
| ROA | 4.1% | R&D / sales | - | Dividend | 1.85 | Debt/Eq | - | Curr. ratio | - | Cash | 2.1B |
| Op. cash flow (ttm) | 3.2B | Payout ratio | 41.6% | Tax rate | 21.7% | Stock pay / sales | 0.4% | Shares out. | 371.5M | Shares Y/Y | -0.8% |
| Book / share | 25.87 | Cash / share | 5.69 | Sales / share | 40.02 | Asset turnover | 0.33 | Sales 3Y CAGR | +9.6% | Sales 5Y CAGR | +12.7% |
| EPS 3Y CAGR | +10.6% | EPS 5Y CAGR | +18.9% |
Hover or tap a number to see the XBRL line item and filing it comes from; click it to open that filing at SEC. What each number means. Looks wrong? Tell us.
WRB against Financials peers
Ten years, side by side → · All 76 →Each side 0 to 100, ranked against every company we cover: relative position on reported figures, not a buy score. How
Every dot is one of the 76 companies, the better end on the right. Hover a dot for the company.
| Company | Revenue (ttm) | Sales growth | Gross margin | Net margin | ROE | FCF margin | Debt / equity |
|---|---|---|---|---|---|---|---|
| WRB W. R. Berkley Corporation | $14.9B | +7.8% | - | 12.5% | 19.4% | - | - |
| EG Everest Group | $16.2B | +1.2% | - | 11.7% | 13.3% | - | - |
| BX Blackstone Inc. | $16.1B | +9.2% | - | 22.1% | 40.2% | 36.2% | 1.53 |
| STT State Street Corporation | $15.5B | +7.3% | - | 23.8% | 12.8% | -24.1% | 0.88 |
| ICE Intercontinental Exchange | $14.0B | +7.5% | - | 29.6% | 13.9% | 37.6% | 0.88 |
| AIZ Assurant | $13.8B | +7.9% | - | 7.8% | 17.9% | 13.3% | - |
Profitability
2 of 3- !Net margin below the peer median12.5% vs 20.4%
- ✓Return on equity above 15%19.4%
- ✓A profit in every one of 10 years
Cash and shareholders
2 of 2- ✓Share count down over 5 years−5.9%
- ✓Dividend per share up over 5 years$0.31 → $1.85
Each tick is a fact with a fixed rule (on /methodology), not a score or advice. A check without the numbers it needs is left out.
Revenue and net income, FY2016 to FY2025
Revenue 14.7B Net income 1.8BFrom XBRL in each 10-K. Hover a bar for the line item and filing. Full financials →
Income statement, balance sheet and cash flow
WRB's income statement, balance sheet and cash flow as reported to the SEC in XBRL, one column per fiscal year. Hover a number to see the line item and filing it comes from. Where a company changed how it tags a line, the first tag it reported for that period is used. A number looks wrong? Tell us.
Revenue by business segment
year to Dec 31, 2025| Revenue | Share | vs year before | |
|---|---|---|---|
| Insurance Domestic | 12.1B | 82.2% | +8.2% |
| Reinsuranceand Monoline Excess | 1.8B | 12.1% | +5.0% |
10-K 0000011544-26-000005, segment and revenue notes (XBRL).
Income statement
From EDGAR| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2020 | FY2020 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 7.7B | 7.7B | 7.7B | 7.9B | 8.1B | 9.5B | 11.2B | 12.1B | 13.6B | 14.7B |
| Interest expense | 140.9M | 147.3M | 157.2M | 153.4M | 150.5M | 147.2M | 130.4M | 127.5M | 126.9M | 126.9M |
| Pretax income | 896.4M | 772.8M | 812.1M | 852.9M | 704.8M | 1.3B | 1.7B | 1.8B | 2.3B | 2.3B |
| Income tax | 293.0M | 219.4M | 163.0M | 168.9M | 171.8M | 251.9M | 334.7M | 370.6M | 509.9M | 495.8M |
| Net income | 601.9M | 549.1M | 640.7M | 681.9M | 530.7M | 1.0B | 1.4B | 1.4B | 1.8B | 1.8B |
| EPS (diluted) | 4.68 | 2.84 | 3.33 | 3.52 | 1.87 | 3.66 | 3.29 | 3.37 | 4.36 | 4.45 |
| Diluted shares | 128.6M | 194K | 192K | 194K | 283K | 280K | 419K | 409.9M | 403.2M | 399.9M |
| Depreciation & amortization | 86.1M | 113.0M | 131.1M | 113.4M | 135.1M | 129.7M | 55.9M | -20.9M | -170.6M | -48.1M |
| Net margin | 7.9% | 7.1% | 8.3% | 8.6% | 6.6% | 10.8% | 12.4% | 11.4% | 12.9% | 12.1% |
| Revenue growth | - | +0.4% | +0.1% | +2.7% | +2.5% | +16.7% | +18.1% | +8.7% | +12.3% | +7.8% |
| EPS growth | - | -39.3% | +17.3% | +5.7% | -46.9% | +95.7% | -10.1% | +2.4% | +29.4% | +2.1% |
Balance sheet
From EDGAR| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2020 | FY2020 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash | 795.3M | 950.5M | 817.6M | 1.0B | 2.4B | 1.6B | 1.4B | 1.4B | 2.0B | 2.5B |
| Property & equipment | 349.4M | 423.0M | 416.4M | 422.1M | 405.9M | 419.9M | 423.2M | 426.8M | 478.5M | 596.2M |
| Goodwill | 144.5M | 178.9M | 173.0M | 169.7M | 169.7M | 169.7M | 185.5M | 174.6M | 184.3M | 184.3M |
| Total assets | 23.4B | 24.3B | 24.9B | 26.7B | 28.6B | 32.1B | 33.9B | 37.2B | 40.6B | 43.9B |
| Total liabilities | 18.3B | 18.8B | 19.4B | 20.5B | 22.3B | 25.4B | 27.1B | 29.7B | 32.2B | 34.2B |
| Shareholders' equity | 5.0B | 5.4B | 5.4B | 6.1B | 6.3B | 6.7B | 6.7B | 7.5B | 8.4B | 9.7B |
| Retained earnings | 6.6B | 7.0B | 7.6B | 7.9B | 8.3B | 9.0B | 10.2B | 11.0B | 12.3B | 13.3B |
Cash flow
From EDGAR| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2020 | FY2020 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 848.4M | 710.9M | 620.2M | 1.1B | 1.6B | 2.2B | 2.6B | 2.9B | 3.7B | 3.6B |
| Capital spending | 50.8M | 115.7M | 49.9M | 60.5M | - | - | - | - | - | - |
| Free cash flow | 797.5M | 595.2M | 570.3M | 1.1B | - | - | - | - | - | - |
| Stock-based pay (added back) | 37.2M | 40.5M | 36.6M | 49.3M | 49.7M | 46.7M | 49.4M | 51.0M | 54.4M | 54.5M |
| Dividends paid | 184.0M | 188.2M | 255.0M | 308.2M | 84.1M | 355.7M | 235.2M | 501.5M | 532.0M | 700.3M |
| Buybacks | 132.4M | 47.8M | 24.8M | 18.2M | 346.4M | 122.4M | 94.1M | 537.2M | 303.7M | 270.2M |
| Acquisitions | 53.5M | 70.6M | 6.6M | 0 | 0 | 0 | 49.6M | 11.6M | 0 | 0 |
| Debt raised | 388.8M | 7.0M | 294.6M | 291.0M | 741.6M | 1.0B | 0 | 980K | 3.1M | 0 |
| Debt repaid | - | - | 4.5M | 456.4M | 652.8M | 505.0M | 3.3M | 974K | 0 | 2.1M |
| Investing cash flow | -794.5M | -333.5M | -714.2M | -424.9M | 119.7M | -3.0B | -1.9B | -2.0B | -2.2B | -2.0B |
| Financing cash flow | -6.9M | -235.1M | -7.4M | -513.2M | -397.8M | 5.8M | -772.0M | -1.1B | -852.5M | -1.0B |
| Dividend per share | - | 1.03 | 1.39 | 1.68 | 0.31 | 1.34 | 0.59 | 1.29 | 1.40 | 1.85 |
Stock-based pay and leases
From EDGAR| FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2020 | FY2020 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Stock-based pay (expense) | 37.2M | 40.5M | 36.6M | 49.3M | 49.7M | 46.7M | 49.4M | 51.0M | 54.4M | 54.5M |
| Stock-based pay / revenue | 0.5% | 0.5% | 0.5% | 0.6% | 0.6% | 0.5% | 0.4% | 0.4% | 0.4% | 0.4% |
| Operating lease cost | - | - | - | 44.1M | 44.3M | 44.1M | 43.4M | 44.3M | 45.7M | 54.3M |
| Operating lease cash paid | - | - | - | 40.1M | 45.3M | 45.6M | 43.9M | 49.9M | 49.4M | 49.4M |
| Right-of-use assets | - | - | - | 193.3M | 164.5M | 172.2M | 169.3M | 176.5M | 180.0M | 221.5M |
| Operating lease liabilities | - | - | - | 230.3M | 203.6M | 208.7M | 204.1M | 218.6M | 218.4M | 260.5M |
From SEC's XBRL company facts (data.sec.gov). EBITDA = operating income + depreciation and amortization; free cash flow = operating cash flow - capital spending; total debt = long-term debt (with its current part) + short-term borrowings. Stock-based pay and leases are shown as the company reports them; Tickdelta does not take them out of earnings or add leases to debt. Click a number to open the filing in SEC's Inline XBRL viewer, where you can click the same number to see how it is tagged. Values a company later revised show as revised; the Revised numbers tab lists the changes.