W.R. Berkley (WRB) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

W.R. Berkley

NYSE•Financial Services•Insurance - Property & Casualty

$70.10+0.15(<0.01%)After hours

Market Cap

$27.24B

P/E

14.1x

P/S

1.8x

P/B

2.8x

W. R. Berkley Corporation, an insurance holding company, operates as a commercial line writer worldwide. The company operates through Insurance and Reinsurance & Monoline Excess segments. The Insurance segment underwrites commercial insurance business, including excess and surplus lines, admitted lines, and specialty personal lines. This segment also provides accident and health insurance and reinsurance products; insurance for commercial risks; casualty and specialty environmental products; insurance coverages for fine arts and jewelry exposures; excess liability and inland marine coverage for small to medium-sized insureds; and commercial general liability, umbrella, professional liability, directors and officers, commercial property, and surety products, as well as products for technology, and life sciences and travel industries. In addition, it offers cyber risk solutions; crime and fidelity insurance products; medical professional coverages; workers' compensation insurance products; management liability and general insurance products; personal lines insurance solutions, including home, condo/co-op, auto, fine arts and collectibles, liability, collector vehicle, and recreational marine; law enforcement, public officials and educator's legal, and employment practices liability, as well as incidental medical, property, and crime insurance products; at-risk and alternative risk insurance program management services; professional liability; energy and marine risks; and insurance products to the Lloyd's marketplace. The Reinsurance & Monoline Excess segment provides treaty and facultative reinsurance solutions; property and casualty reinsurance products; facultative reinsurance products include automatic, semi-automatic, and individual risk assumed reinsurance; and turnkey products, such as cyber, employment practices liability insurance, liquor liability insurance and violent events. The company was founded in 1967 and is headquartered in Greenwich, Connecticut.

How this company scores

GoodMetricSide Score: 74/100

Strongest: Profitability (22/25); weakest: Balance Sheet & Red Flags (15/25).

Profitability22/25

Growth16/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality21/25

Strengths

Strong marginsHigh ROEInterest easily coveredCash-backed earnings

No red flags in the last 8 quarters.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 14.1x5y range 0.0x – 22.4x

Currently near its 20-quarter median.

P/S · 1.8x5y range 0.0x – 2.1x

Currently near its 20-quarter median.

P/B · 2.8x5y range 0.0x – 3.2x

Price & Volume

Market Cap $27.24B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $14.90B
Q. Revenue: $3.72B
TTM EBITDA: $2.41B
TTM Op. Income: $2.41B
Q. Op. Income: $575.20M
TTM Net Income: $1.93B
Q. Net Income: $452.26M
EPS: $1.16
Shares Out.: $389.16M

$14.90B in TTM revenue grew 4.3% YoY, reaching $3.72B last quarter. TTM EBITDA of $2.41B and TTM operating income of $2.41B show growth is flowing through to the bottom line. TTM net income of $1.93B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 6 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 15.5%
Op. Margin: 15.5%
Net Margin: 12.2%

Op. margin of 15.5% is up 1.3% YoY — cost efficiency is improving. Net margin at 12.2% Over the past year, operating margin is up 9% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 14.1x
P/S Ratio: 1.8x
P/B Ratio: 2.8x

At 14.1x P/E, the stock trades below typical market levels. P/S of 1.8x and P/B of 2.8x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 15% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $45.68B
Cash: $2.61B
Long-Term Debt: N/A
Book Value: $9.83B
D/E Ratio: N/A
Debt/EBITDA: 0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $800.05M
TTM Free Cash Flow: $3.46B
FCF Margin: 23.2%
FCF / Net Income: 1.8

TTM FCF of $3.46B on $800.05M in operating cash flow. The FCF / Net Income ratio of 1.8x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 1% — an improving trend.