WRBW. R. Berkley Corporation

Financials · Property & Casualty Insurance · NYSE

Headquarters: Greenwich, CT
CEO: William R. Berkley Jr
Next results: around Jan 25, 2027

WRB and 9 peers, year by year

The 9 Financials companies closest to WRB in revenue over the last twelve months. Every number is from the 10-K and links to it in SEC's Inline XBRL viewer.

5 years 10 years Download CSV

Choose the peers

Each company's latest fiscal year
Company	Year	Revenue	Sales growth	Operating margin	Net margin	FCF margin	Return on equity	Debt / equity
WRB W. R. Berkley Corporation	FY2025	$14.7B	+7.8%	-	12.1%	-	18.3%	-
STT State Street Corporation	FY2025	$13.9B	+7.3%	-	21.1%	77.8%	10.6%	0.90
ICE Intercontinental Exchange	FY2025	$12.6B	+7.5%	39.0%	26.2%	33.9%	11.5%	0.72
AIZ Assurant	FY2025	$12.8B	+7.9%	-	6.8%	12.5%	14.9%	-
BX Blackstone Inc.	FY2025	$14.5B	+9.2%	-	20.9%	31.5%	34.8%	1.45
EG Everest Group	FY2025	$17.5B	+1.2%	-	9.1%	-	10.3%	-
SPGI S&P Global	FY2025	$15.3B	+7.9%	42.2%	29.2%	35.6%	14.4%	0.44
AJG Arthur J. Gallagher & Co.	FY2025	$13.9B	+20.7%	-	10.7%	-	6.4%	0.58
CINF Cincinnati Financial	FY2025	$12.6B	+11.4%	-	18.9%	24.5%	15.0%	0.05
AFL Aflac	FY2025	$17.2B	−9.3%	-	21.2%	-	12.4%	-

Revenuepeer median $13.9B

Sales growthpeer median +7.9%

Operating margin

SPGI 42.2%
ICE 39.0%
WRB -
STT -
AIZ -
BX -
EG -
AJG -
CINF -
AFL -

Net marginpeer median 20.9%

FCF marginpeer median 32.7%

STT 77.8%
SPGI 35.6%
ICE 33.9%
BX 31.5%
CINF 24.5%
AIZ 12.5%
WRB -
EG -
AJG -
AFL -

Return on equitypeer median 12.4%

Debt / equitypeer median 0.65

BX 1.45
STT 0.90
ICE 0.72
AJG 0.58
SPGI 0.44
CINF 0.05
WRB -
AIZ -
EG -
AFL -

RevenueSales growthOperating marginNet marginFree cash flowFCF marginReturn on equityDebt / equityEPS (diluted)

Revenue, FY2015 to FY2025

Revenue as reported in the 10-K.

Company	FY2015	FY2016	FY2017	FY2018	FY2019	FY2020	FY2023	FY2024	FY2025
WRB Dec	$7.2B	$7.7B	$7.7B	$7.7B	$7.9B	$11.2B	$12.1B	$13.6B	$14.7B
STT Dec	$10.4B	$10.2B	$11.3B	$12.1B	$11.8B	$11.7B	$12.2B	$13.1B	$13.9B
ICE Dec	$4.7B	$6.0B	$5.8B	$6.3B	$6.5B	$8.2B	$9.9B	$11.8B	$12.6B
AIZ Dec	$10.3B	$7.5B	$6.4B	$8.1B	$9.6B	$9.6B	$11.1B	$11.9B	$12.8B
BX Dec	$4.6B	$5.1B	$7.1B	$6.8B	$7.3B	$6.1B	$8.0B	$13.2B	$14.5B
EG Dec	$5.7B	$5.8B	$6.6B	$7.4B	$8.2B	$9.6B	$14.6B	$17.3B	$17.5B
SPGI Dec	$5.3B	$5.7B	$6.1B	$6.3B	$6.7B	$7.4B	$12.5B	$14.2B	$15.3B
AJG Dec	$5.4B	$5.7B	$6.2B	$6.9B	$7.2B	$7.0B	$10.1B	$11.6B	$13.9B
CINF Dec	$5.1B	$5.4B	$5.7B	$5.4B	$7.9B	$7.5B	$10.0B	$11.3B	$12.6B
AFL Dec	$20.9B	$22.6B	$21.7B	$21.8B	$22.3B	$22.1B	$18.7B	$18.9B	$17.2B
Peer median	$5.4B	$5.8B	$6.4B	$6.9B	$7.9B	$8.2B	$11.1B	$13.1B	$13.9B

Sales growth, FY2015 to FY2025

Revenue against the fiscal year before.

Company	FY2015	FY2016	FY2017	FY2018	FY2019	FY2020	FY2023	FY2024	FY2025
WRB Dec	-	+6.2%	+0.4%	+0.1%	+2.7%	+18.1%	+8.7%	+12.3%	+7.8%
STT Dec	-	−1.5%	+9.4%	+7.7%	−3.1%	−0.5%	−1.7%	+8.8%	+7.3%
ICE Dec	-	+34.8%	−2.1%	+7.4%	+4.3%	+25.9%	+2.8%	+18.8%	+7.5%
AIZ Dec	-	−27.1%	−14.8%	+25.6%	+25.2%	+0.3%	+9.2%	+6.7%	+7.9%
BX Dec	-	+10.3%	+38.8%	−4.4%	+7.4%	−16.8%	−5.8%	+64.9%	+9.2%
EG Dec	-	+2.1%	+14.0%	+11.2%	+11.8%	+16.6%	+21.0%	+18.5%	+1.2%
SPGI Dec	-	+6.5%	+7.1%	+3.2%	+7.0%	+11.1%	+11.8%	+13.7%	+7.9%
AJG Dec	-	+3.8%	+10.0%	+11.0%	+3.8%	−2.7%	+17.8%	+14.7%	+20.7%
CINF Dec	-	+6.0%	+5.2%	−5.7%	+46.6%	−4.9%	+52.6%	+13.2%	+11.4%
AFL Dec	-	+8.1%	−4.0%	+0.4%	+2.5%	−0.7%	−2.3%	+1.2%	−9.3%
Peer median	-	+6.0%	+7.1%	+7.4%	+7.0%	−0.5%	+9.2%	+13.7%	+7.9%

Operating margin, FY2015 to FY2025

Operating income / revenue.

Company	FY2015	FY2016	FY2017	FY2018	FY2019	FY2020	FY2023	FY2024	FY2025
WRB Dec	-	-	-	-	-	-	-	-	-
STT Dec	-	-	-	-	-	-	-	-	-
ICE Dec	37.4%	36.4%	40.7%	41.2%	40.8%	36.8%	37.3%	36.6%	39.0%
AIZ Dec	-	-	-	-	-	-	-	-	-
BX Dec	-	-	-	-	-	-	-	-	-
EG Dec	-	-	-	-	-	-	-	-	-
SPGI Dec	36.1%	59.0%	42.6%	44.6%	48.2%	48.6%	32.2%	39.3%	42.2%
AJG Dec	-	-	-	-	-	-	-	-	-
CINF Dec	-	-	-	-	-	-	-	-	-
AFL Dec	19.2%	18.2%	18.9%	20.0%	20.0%	19.9%	-	-	-
Peer median	36.1%	36.4%	40.7%	41.2%	40.8%	36.8%	-	-	-

Net margin, FY2015 to FY2025

Net income / revenue.

Company	FY2015	FY2016	FY2017	FY2018	FY2019	FY2020	FY2023	FY2024	FY2025
WRB Dec	7.0%	7.9%	7.1%	8.3%	8.6%	12.4%	11.4%	12.9%	12.1%
STT Dec	19.1%	21.0%	19.1%	21.4%	19.1%	20.7%	15.9%	20.5%	21.1%
ICE Dec	27.2%	23.9%	43.2%	31.7%	29.5%	25.3%	23.9%	23.4%	26.2%
AIZ Dec	1.4%	7.5%	8.1%	3.1%	4.0%	4.6%	5.8%	6.4%	6.8%
BX Dec	15.3%	20.2%	20.6%	22.6%	27.9%	17.1%	17.3%	21.0%	20.9%
EG Dec	17.2%	13.7%	4.1%	−1.7%	9.3%	2.7%	17.3%	7.9%	9.1%
SPGI Dec	21.8%	37.2%	24.7%	31.3%	31.7%	31.4%	21.0%	27.1%	29.2%
AJG Dec	6.6%	7.0%	7.7%	9.1%	9.3%	11.7%	9.6%	12.7%	10.7%
CINF Dec	12.3%	10.8%	18.2%	5.3%	25.2%	16.1%	18.4%	20.2%	18.9%
AFL Dec	12.1%	11.8%	21.2%	13.4%	14.8%	21.6%	24.9%	28.8%	21.2%
Peer median	15.3%	13.7%	19.1%	13.4%	19.1%	17.1%	17.3%	20.5%	20.9%

Free cash flow, FY2015 to FY2025

Cash from operations minus capital spending.

Company	FY2015	FY2016	FY2017	FY2018	FY2019	FY2020	FY2023	FY2024	FY2025
WRB Dec	$817.7M	$797.5M	$595.2M	$570.3M	$1.1B	-	-	-	-
STT Dec	−$2.1B	$1.7B	$6.3B	$9.6B	$5.0B	$3.0B	−$126.0M	−$14.1B	$10.8B
ICE Dec	$1.1B	$1.9B	$1.9B	$2.4B	$2.5B	$2.7B	$3.4B	$4.2B	$4.3B
AIZ Dec	$115.0M	$23.4M	$468.3M	$573.9M	$1.3B	$1.2B	$935.6M	$1.1B	$1.6B
BX Dec	$2.3B	−$110.4M	−$1.7B	$27.4M	$1.9B	$1.8B	$3.8B	$3.4B	$4.5B
EG Dec	-	-	-	-	-	-	-	-	-
SPGI Dec	$217.0M	$1.4B	$1.9B	$2.0B	$2.7B	$3.5B	$3.6B	$5.6B	$5.5B
AJG Dec	$587.1M	$431.8M	-	-	-	-	-	-	-
CINF Dec	$1.1B	$1.1B	$1.0B	$1.2B	$1.2B	$1.5B	$2.0B	$2.6B	$3.1B
AFL Dec	-	-	-	-	-	-	-	-	-
Peer median	$587.1M	$1.1B	$1.5B	$1.6B	$2.2B	$2.2B	$2.7B	$3.0B	$4.4B

FCF margin, FY2015 to FY2025

Free cash flow / revenue.

Company	FY2015	FY2016	FY2017	FY2018	FY2019	FY2020	FY2023	FY2024	FY2025
WRB Dec	11.3%	10.4%	7.7%	7.4%	13.7%	-	-	-	-
STT Dec	−20.3%	16.4%	55.8%	78.9%	42.2%	25.4%	−1.0%	−108.1%	77.8%
ICE Dec	23.9%	31.8%	31.9%	38.2%	38.3%	32.4%	33.8%	35.7%	33.9%
AIZ Dec	1.1%	0.3%	7.3%	7.1%	13.6%	12.7%	8.4%	9.4%	12.5%
BX Dec	50.3%	−2.1%	−23.1%	0.4%	25.9%	29.9%	47.8%	25.9%	31.5%
EG Dec	-	-	-	-	-	-	-	-	-
SPGI Dec	4.1%	25.5%	31.2%	31.2%	39.7%	46.9%	28.5%	39.2%	35.6%
AJG Dec	10.9%	7.6%	-	-	-	-	-	-	-
CINF Dec	20.7%	20.2%	18.1%	21.5%	14.9%	19.5%	20.3%	23.2%	24.5%
AFL Dec	-	-	-	-	-	-	-	-	-
Peer median	10.9%	16.4%	24.6%	26.3%	32.1%	27.6%	24.4%	24.5%	32.7%

Return on equity, FY2015 to FY2025

Net income / shareholders' equity at the year end.

Company	FY2015	FY2016	FY2017	FY2018	FY2019	FY2020	FY2023	FY2024	FY2025
WRB Dec	10.9%	11.9%	10.1%	11.8%	11.2%	20.5%	18.5%	20.9%	18.3%
STT Dec	9.4%	10.1%	9.7%	10.5%	9.2%	9.2%	8.2%	10.6%	10.6%
ICE Dec	8.6%	9.1%	14.9%	11.6%	11.2%	10.7%	9.2%	10.0%	11.5%
AIZ Dec	3.1%	13.8%	12.2%	4.9%	6.8%	7.4%	13.4%	14.9%	14.9%
BX Dec	-	-	-	24.2%	29.2%	15.7%	20.4%	33.8%	34.8%
EG Dec	12.9%	9.8%	3.3%	−1.6%	8.4%	2.7%	19.1%	9.9%	10.3%
SPGI Dec	n/m	n/m	n/m	n/m	n/m	n/m	7.7%	11.6%	14.4%
AJG Dec	9.8%	11.0%	11.4%	14.1%	13.0%	13.2%	9.0%	7.3%	6.4%
CINF Dec	9.9%	8.4%	12.7%	3.7%	20.2%	11.3%	15.2%	16.4%	15.0%
AFL Dec	14.3%	13.0%	18.7%	12.4%	11.4%	14.2%	21.2%	20.9%	12.4%
Peer median	9.8%	10.1%	12.2%	11.0%	11.3%	11.0%	13.4%	11.6%	12.4%

Debt / equity, FY2015 to FY2025

Total debt / shareholders' equity at the year end.

Company	FY2015	FY2016	FY2017	FY2018	FY2019	FY2020	FY2023	FY2024	FY2025
WRB Dec	-	-	-	-	-	-	-	-	-
STT Dec	0.55	0.54	0.52	0.45	0.51	0.53	0.79	0.92	0.90
ICE Dec	0.49	0.35	0.43	0.49	0.53	0.97	0.96	0.76	0.72
AIZ Dec	-	-	0.25	0.39	0.36	-	-	-	-
BX Dec	-	-	-	1.63	1.65	0.86	1.70	1.40	1.45
EG Dec	-	-	-	-	-	-	-	-	-
SPGI Dec	18.61	5.48	5.03	5.83	8.24	8.07	0.34	0.34	0.44
AJG Dec	0.08	0.17	0.07	0.09	0.12	0.02	0.06	0.01	0.58
CINF Dec	0.12	0.11	0.10	0.10	0.08	0.07	0.07	0.06	0.05
AFL Dec	-	-	-	-	-	-	-	-	-
Peer median	0.49	0.35	0.34	0.45	0.51	0.69	0.56	0.55	0.65

EPS (diluted), FY2015 to FY2025

Diluted earnings per share, on today's share count after splits.

Company	FY2015	FY2016	FY2017	FY2018	FY2019	FY2020	FY2023	FY2024	FY2025
WRB Dec	$3.87	$4.68	$2.84	$3.33	$3.52	$3.29	$3.37	$4.36	$4.45
STT Dec	$4.47	$4.97	$5.19	$6.39	$5.38	$6.32	$5.58	$8.21	$9.40
ICE Dec	$2.28	$2.39	$4.25	$3.43	$3.42	$3.77	$4.19	$4.78	$5.77
AIZ Dec	$2.05	$9.13	$9.39	$3.98	$5.84	$6.98	$11.95	$14.46	$16.93
BX Dec	$1.04	$1.56	$2.21	$2.26	$3.03	$1.50	$1.84	$3.62	$3.87
EG Dec	$22.10	$23.68	$11.70	$2.17	$24.70	$12.78	$60.19	$31.78	$37.80
SPGI Dec	$4.21	$7.94	$5.78	$7.73	$8.60	$9.66	$8.23	$12.35	$14.66
AJG Dec	$2.06	$2.22	$2.64	$3.40	$3.52	$4.20	$4.42	$6.50	$5.74
CINF Dec	$3.83	$3.55	$6.29	$1.75	$12.10	$7.49	$11.66	$14.53	$15.17
AFL Dec	$2.92	$3.21	$5.77	$3.77	$4.43	$6.67	$7.78	$9.63	$6.82
Peer median	$2.92	$3.55	$5.77	$3.43	$5.38	$6.67	$7.78	$9.63	$9.40

Fiscal years are lined up as each company's 10-K names them; the month next to a ticker is when its year ends. Hover a number for the XBRL line items and the filing; click it to open the filing on sec.gov. "n/m" means not meaningful: equity below zero, or a base so close to zero that the ratio says nothing. The peer median leaves out WRB and needs at least three peers with the number. P/E, P/S and P/FCF at each year end appear here once the site has daily prices. What the same companies write about AI, tariffs and more →

Work on WRB in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/WRB/export.csv") into a cell.