BERKLEY W R CORP
WRB, WRB-PE, WRB-PF, WRB-PG, WRB-PH · Fire, Marine & Casualty Insurance · 372.3M shares · +21%/yr ↑ dilution · EDGAR filings ↗
Net buyback after stock comp: $486M (gross $537M, SBC $51M)
Reference price $71.60 · est. market cap ~$26.7B — last insider purchase, 2026-03-03 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B77W. R. Berkley — well-run specialty P&C insurer with strong returns.
Strengths
- ROE 18% (63rd pct) with disciplined underwriting
- Large investment portfolio / cash (95th pct)
- Consistent premium growth
Risks
- Catastrophe and cyclical pricing exposure
- Reserve-adequacy risk
- Mid-pack net margin
Notable findings
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Net margin
12.1%
Return on equity
18.3%
Return on assets
4.0%
Revenue growth (QoQ)
-0.8%
Net-income growth
1.3%
Tangible book value
$9.4B
Cash & investments
$2.5B
Stock comp / revenue
0.4%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-03 | BERKLEY WILLIAM R | Grant | 3.1K | — |
| 2026-06-03 | Rusbuldt Robert Alan | Grant | 3.1K | — |
| 2026-06-03 | Augostini Christopher L | Grant | 3.1K | — |
| 2026-06-03 | BLAYLOCK RONALD E | Grant | 3.1K | — |
| 2026-06-03 | Talisman Jonathan | Grant | 3.1K | — |
| 2026-06-03 | Ferre Maria Luisa | Grant | 3.1K | — |
| 2026-06-03 | Mattson Marie Angela | Grant | 3.1K | — |
| 2026-06-03 | BERKLEY WILLIAM R JR | Grant | 3.1K | — |
| 2026-06-03 | Mosley Daniel Lynn | Grant | 3.1K | — |
| 2026-06-03 | Farrell Mary C | Grant | 3.1K | — |
| 2026-03-03 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 39K | $71.60 |
| 2026-03-03 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 73K | $72.52 |
| 2026-03-02 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 45K | $72.29 |
| 2026-03-02 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 101K | $73.20 |
| 2026-02-27 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 147K | $71.63 |
| 2026-02-26 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 145K | $71.65 |
| 2026-02-26 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 7.5K | $72.11 |
| 2026-02-25 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 14K | $71.77 |
| 2026-02-25 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 155K | $71.39 |
| 2026-02-24 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 62K | $71.28 |
| 2026-02-24 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 103K | $70.52 |
| 2026-02-23 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 16K | $71.80 |
| 2026-02-23 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 204K | $71.09 |
| 2026-02-20 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 161K | $70.80 |
| 2026-02-19 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 301K | $70.53 |
| 2026-02-19 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 44K | $71.50 |
| 2026-02-18 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 240K | $70.58 |
| 2026-02-18 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 45K | $70.96 |
| 2026-02-17 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 281K | $71.19 |
| 2026-02-13 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 15K | $69.73 |
| 2026-02-13 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 4.3K | $70.30 |
| 2026-02-13 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 280 | $71.18 |
| 2026-02-12 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 2.4K | $72.76 |
| 2026-02-12 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 18K | $71.88 |
| 2026-02-11 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 9.3K | $69.59 |
| 2026-02-11 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 3.6K | $70.50 |
| 2026-02-11 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 11K | $71.45 |
| 2026-02-10 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 12K | $69.92 |
| 2026-02-10 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 22K | $69.09 |
| 2026-02-09 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 4.0K | $70.32 |
| 2026-02-09 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 36K | $69.27 |
| 2026-02-06 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 16K | $70.46 |
| 2026-02-06 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 4.3K | $71.39 |
| 2026-02-05 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 6.5K | $70.79 |
| 2026-02-05 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 13K | $71.25 |
| 2026-02-04 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 22K | $70.25 |
| 2026-02-04 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 2.6K | $69.77 |
| 2026-02-03 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 8.3K | $67.75 |
| 2026-02-03 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 32K | $68.87 |
| 2026-02-02 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 237K | $67.71 |
| 2026-02-02 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 13K | $68.42 |
| 2026-01-30 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 195K | $68.36 |
| 2026-01-29 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 262K | $68.08 |
| 2026-01-29 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 28K | $68.56 |
| 2026-01-28 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 280K | $67.58 |
| 2026-01-28 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 29K | $67.89 |
| 2026-01-27 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 800 | $65.86 |
| 2026-01-27 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 12K | $66.87 |
| 2026-01-27 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 326K | $67.40 |
| 2026-01-27 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 8.6K | $68.56 |
| 2026-01-27 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 2.7K | $69.04 |
| 2026-01-26 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 294K | $66.86 |
| 2026-01-26 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 76K | $67.88 |
| 2026-01-23 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 201K | $66.77 |
| 2026-01-23 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 167K | $67.18 |
| 2026-01-22 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 330K | $67.45 |
| 2026-01-21 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 59K | $66.95 |
| 2026-01-21 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 261K | $67.60 |
| 2026-01-20 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 265K | $67.75 |
| 2026-01-20 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 45K | $68.08 |
| 2026-01-16 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 241K | $68.03 |
| 2026-01-16 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 59K | $68.79 |
| 2026-01-15 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 167K | $68.67 |
| 2026-01-15 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 68K | $69.45 |
| 2026-01-14 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 208K | $69.23 |
| 2026-01-14 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 22K | $68.80 |
| 2026-01-13 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 206K | $68.15 |
| 2026-01-13 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 119K | $67.82 |
| 2026-01-12 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 256K | $68.73 |
| 2026-01-09 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 106K | $69.56 |
| 2026-01-09 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 161K | $68.48 |
| 2026-01-09 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 8.2K | $70.12 |
| 2026-01-08 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 4.2K | $68.79 |
| 2026-01-08 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 152K | $70.32 |
| 2026-01-08 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 39K | $69.69 |
| 2026-01-07 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 255K | $68.47 |
| 2026-01-07 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 10K | $69.20 |
| 2026-01-06 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 92K | $70.21 |
| 2026-01-06 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 123K | $69.93 |
| 2026-01-05 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 11K | $69.20 |
| 2026-01-05 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 154K | $70.78 |
| 2026-01-05 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 36K | $70.23 |
| 2026-01-02 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 238K | $69.35 |
| 2025-12-31 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 230K | $70.27 |
| 2025-12-30 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 205K | $70.83 |
| 2025-12-29 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 205K | $70.77 |
| 2025-12-26 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 220K | $70.56 |
| 2025-12-24 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 220K | $70.51 |
| 2025-12-23 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 2.0K | $71.15 |
| 2025-12-23 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 233K | $70.31 |
| 2025-12-22 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 40K | $69.97 |
| 2025-12-22 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 162K | $70.33 |
| 2025-12-19 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 204K | $69.50 |
| 2025-12-18 | SHIEL JAMES G | Gift | 1.2K | — |
| 2025-12-18 | MITSUI SUMITOMO INSURANCE CO LTD | Buy | 204K | $69.38 |
| 2025-08-15 | Welt Philip S | Grant | 16K | — |
| 2025-08-15 | Welt Philip S | Tax withheld | 678 | $71.23 |
| 2025-08-15 | Baio Richard Mark | Grant | 16K | — |
| 2025-08-15 | Baio Richard Mark | Tax withheld | 744 | $71.23 |
| 2025-08-15 | BERKLEY WILLIAM R JR | Grant | 112K | — |
| 2025-08-15 | BERKLEY WILLIAM R | Grant | 112K | — |
| 2025-08-15 | BERKLEY WILLIAM R | Tax withheld | 4.3K | $71.23 |
| 2025-08-15 | BERKLEY WILLIAM R JR | Tax withheld | 4.7K | $71.23 |
| 2025-08-15 | SHIEL JAMES G | Grant | 16K | — |
| 2025-08-15 | SHIEL JAMES G | Tax withheld | 744 | $71.23 |
| 2025-08-15 | Sgaglione Lucille T | Grant | 16K | — |
| 2025-08-15 | Sgaglione Lucille T | Tax withheld | 717 | $71.23 |
| 2025-06-11 | BERKLEY WILLIAM R | Grant | 2.8K | — |
| 2025-06-11 | Mosley Daniel Lynn | Grant | 2.8K | — |
| 2025-06-11 | Mattson Marie Angela | Grant | 2.8K | — |
| 2025-06-11 | Ferre Maria Luisa | Grant | 2.8K | — |
| 2025-06-11 | Talisman Jonathan | Grant | 2.8K | — |
| 2025-06-11 | Farrell Mary C | Grant | 2.8K | — |
| 2025-06-11 | BERKLEY WILLIAM R JR | Grant | 2.8K | — |
| 2025-06-11 | BLAYLOCK RONALD E | Grant | 2.8K | — |
| 2025-06-11 | Augostini Christopher L | Grant | 2.8K | — |
| 2025-06-11 | Rusbuldt Robert Alan | Grant | 2.8K | — |
| 2025-01-08 | SHIEL JAMES G | Gift | 208K | — |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (0)
Suppliers (4)
- A.M. Best Company, Inc.
- Fitch Ratings
- Moody's
- Standard & Poor's
Named in the 10-K; linked when we track them.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-26 | Exec/director change | filing ↗ |
| 2026-06-11 | Material agreementDebt obligationExhibits | filing ↗ |
| 2026-06-10 | OtherExhibits | filing ↗ |
| 2026-06-05 | Shareholder vote | filing ↗ |
| 2026-04-21 | ResultsExhibits | filing ↗ |
| 2026-01-26 | ResultsExhibits | filing ↗ |
| 2025-12-05 | OtherExhibits | filing ↗ |
| 2025-10-20 | ResultsExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-26 | 2026-06-26 | 0000011544-26-000030 ↗ |
| 8-K | 2026-06-11 | 2026-06-09 | 0000011544-26-000020 ↗ |
| 8-K | 2026-06-10 | 2026-06-09 | 0000011544-26-000016 ↗ |
| 8-K | 2026-06-05 | 2026-06-03 | 0000011544-26-000013 ↗ |
| 10-Q | 2026-05-01 | 2026-03-31 | 0000011544-26-000011 ↗ |
| 8-K | 2026-04-21 | 2026-04-21 | 0000011544-26-000008 ↗ |
| 10-K | 2026-02-27 | 2025-12-31 | 0000011544-26-000005 ↗ |
| 8-K | 2026-01-26 | 2026-01-26 | 0000011544-26-000003 ↗ |
| 8-K | 2025-12-05 | 2025-12-05 | 0001193125-25-308800 ↗ |
| 10-Q | 2025-11-03 | 2025-09-30 | 0000011544-25-000032 ↗ |
| 8-K | 2025-10-20 | 2025-10-20 | 0000011544-25-000030 ↗ |
| 10-Q | 2025-08-04 | 2025-06-30 | 0000011544-25-000024 ↗ |