WRB W.R. Berkley Corporation Common Stock
NYSE · Insurance · View on SEC EDGAR ↗ 10-K/10-Q Jul 31, 2026WRB Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
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| Ex-date | Split | Type |
|---|---|---|
| July 11, 2024 | 3-for-2 | Forward |
| March 24, 2022 | 3-for-2 | Forward |
| April 3, 2019 | 3-for-2 | Forward |
| April 5, 2006 | 3-for-2 | Forward |
| April 11, 2005 | 3-for-2 | Forward |
| Aug. 28, 2003 | 3-for-2 | Forward |
| July 3, 2002 | 3-for-2 | Forward |
| Sept. 19, 1997 | 3-for-2 | Forward |
| May 6, 1991 | 3-for-2 | Forward |
| June 19, 1986 | 3-for-2 | Forward |
About W.R. Berkley Corporation Common Stock Company overview from Wikipedia
W. R. Berkley Corporation is an American commercial lines property and casualty insurance holding company organized in Delaware and based in Greenwich, Connecticut.
The company operates commercial insurance businesses in the United Kingdom, Continental Europe, South America, Canada, Mexico, Scandinavia, Asia and Australia and reinsurance businesses in the United States, United Kingdom, Continental Europe, Australia, the Asia-Pacific region and South Africa.
The company is ranked 397th on the Fortune 500.
## History
W. R. Berkley Corporation was founded in 1967 by William R. Berkley, who served as Executive Chairman from 2015 until his death in 2026.
In November 1973, the company became a public company via an initial public offering. At that time, the founder owned 23.8% of the company.
In 1994, the company acquired Key Risk Management Services Inc.
In 1995, the company acquired the remaining 40% interest in Signet Star from Gen Re. The company also acquired MECC for $138 million.
In August 2006, the company acquired Garnet Captive Services LLC, a San Francisco insurance brokerage and alternative risk consulting firm.
On October 31, 2015, Mr. Berkley's son, W. Robert Berkley, Jr., became President and CEO.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | WRB | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | 15.15Y avg ≈13.6 | ≈13.6 | 10.8 | Overvalued | |
| P/S (TTM) | 1.85Y avg ≈1.3 | ≈1.3 | 1.5 | Overvalued | |
| P/B (MRQ) | 2.85Y avg ≈2.0 | ≈2.0 | 1.8 | Overvalued | |
| Price / Cash Flow | 7.75Y avg ≈5.1 | ≈5.1 | 7.4 | Fair value | |
| Price / Tangible Book | 2.95Y avg ≈2.0 | ≈2.0 | · | · | |
| PEG Ratio | ≈0.8 | · | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | WRB | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| EBITDA Margin | -0.33%5Y avg ≈-0.58% | ≈-0.58% | 1.6% | Weak | |
| Pretax Margin (TTM) | 16.2%5Y avg ≈15.1% | ≈15.1% | 17.8% | Weak | |
| Net Profit Margin (TTM) | 12.9%5Y avg ≈11.9% | ≈11.9% | 15.4% | Weak | |
| ROA (TTM) | 4.4%5Y avg ≈4.0% | ≈4.0% | 4.5% | Weak | |
| ROE (TTM) | 20.2%5Y avg ≈19.5% | ≈19.5% | 19.7% | In line |
Financial Health Debt, liquidity, solvency — balance sheet strength
Not enough fundamentals data to compute this ratio group yet.
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | WRB | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 7.8%5Y avg ≈12.8% | ≈12.8% | · | · | |
| Revenue CAGR 3Y | 9.6%5Y avg ≈12.4% | ≈12.4% | · | · | |
| Revenue CAGR 5Y | 12.7% | · | · | · | |
| EPS YoY | 2.1%5Y avg ≈23.9% | ≈23.9% | · | · | |
| Net Income YoY | 1.3%5Y avg ≈31.2% | ≈31.2% | · | · | |
| EPS CAGR 3Y | 10.6%5Y avg ≈12.8% | ≈12.8% | · | · | |
| EPS CAGR 5Y | 18.9% | · | · | · | |
| Net Income CAGR 3Y | 8.8%5Y avg ≈22.0% | ≈22.0% | · | · | |
| Net Income CAGR 5Y | 27.4% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | WRB | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.35Y avg ≈0.3 | ≈0.3 | 0.3 | In line | |
| Revenue / Employee | ≈$1.7M | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Sep 21, 2026 | $0.10 | USD | ≈2.7% |
| Jun 23, 2026 | $0.60 | USD | ≈2.7% |
| Feb 23, 2026 | $0.09 | USD | ≈2.6% |
| Dec 15, 2025 | $1.09 | USD | ≈2.7% |
| Sep 22, 2025 | $0.09 | USD | ≈1.8% |
| Jun 23, 2025 | $0.59 | USD | ≈2.1% |
| Mar 3, 2025 | $0.08 | USD | ≈2.2% |
| Dec 16, 2024 | $0.58 | USD | ≈2.3% |
| Sep 23, 2024 | $0.33 | USD | ≈2.1% |
| Jun 24, 2024 | $0.41 | USD | ≈2.4% |
| Mar 1, 2024 | $0.07 | USD | ≈1.7% |
| Dec 15, 2023 | $0.41 | USD | ≈2.9% |
| Sep 22, 2023 | $0.41 | USD | ≈2.2% |
| Jun 23, 2023 | $0.07 | USD | ≈2.6% |
| Mar 8, 2023 | $0.07 | USD | ≈2.2% |
| Jan 12, 2023 | $0.33 | USD | ≈1.9% |
| Dec 16, 2022 | $0.07 | USD | ≈1.2% |
| Sep 23, 2022 | $0.07 | USD | ≈2.4% |
| Jun 24, 2022 | $0.40 | USD | ≈2.2% |
| Mar 8, 2022 | $0.06 | USD | ≈2.3% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| Sept. 30, 2026 | Oct 19, 2026 | $1.17 | $1.16 | 0.62% |
| June 30, 2026 | Jul 16, 2026 | $1.27 | $1.10 | 15.9% |
| March 31, 2026 | $1.30 | $1.16 | 12.4% | |
| Dec. 31, 2025 | $1.13 | $1.14 | -0.73% | |
| Sept. 30, 2025 | $1.10 | $1.11 | -0.46% | |
| June 30, 2025 | $1.05 | $1.04 | 1.2% | |
| March 31, 2025 | $1.01 | $0.99 | 1.7% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $14.71B | $13.64B | $12.14B | $11.17B | $9.46B | $8.10B | $7.90B | $7.69B | $7.68B | $7.65B | $7.21B | $7.13B | |
| Interest Expense | $127M | $127M | $127M | $130M | $147M | $151M | $153M | $157M | $147M | $141M | $131M | $128M | |
| Pretax Income | $2.28B | $2.26B | $1.75B | $1.72B | $1.28B | $705M | $853M | $812M | $773M | $896M | $732M | $952M | |
| Income Tax | $496M | $510M | $371M | $335M | $252M | $172M | $169M | $163M | $219M | $293M | $228M | $303M | |
| Net Income | $1.78B | $1.76B | $1.38B | $1.38B | $1.02B | $531M | $682M | $641M | $549M | $602M | $504M | $649M | |
| EPS (Basic) | $4.48 | $4.39 | $3.40 | $3.33 | $3.69 | $1.89 | $3.58 | $3.37 | $2.93 | $4.91 | $4.06 | $5.07 | |
| EPS (Diluted) | $4.45 | $4.36 | $3.37 | $3.29 | $3.66 | $1.87 | $3.52 | $3.33 | $2.84 | $4.68 | $3.87 | $4.86 | |
| Shares (Basic) | 396,968,000 | 399,734,000 | 406,500,000 | 415,278 | 277,430 | 280,386 | 190,722 | 190,048 | 187,265 | 122,650,997 | 124,040,313 | 127,873,708 | |
| Shares (Diluted) | 399,861,000 | 403,224,000 | 409,948,000 | 419,192 | 279,749 | 283,145 | 193,521 | 192,395 | 193,527 | 128,552,838 | 130,188,866 | 133,651,855 | |
| EBITDA | $-48M | $-171M | $-21M | · | · | · | · | · | · | · | · | · |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.54B | $1.97B | $1.36B | $1.45B | $1.57B | $2.37B | $1.02B | $818M | $950M | $795M | $764M | $674M | |
| PP&E (Net) | $596M | $479M | $427M | $423M | $420M | $406M | $422M | $416M | $423M | $349M | $348M | $332M | |
| Goodwill | $184M | $184M | $175M | $186M | $170M | $170M | $170M | $173M | $179M | $145M | $153M | $151M | |
| Intangibles | $86M | $97M | · | · | · | · | · | · | · | · | · | · | |
| Total Assets | $43.93B | $40.57B | $37.20B | $33.86B | $32.09B | $28.61B | $26.66B | $24.90B | $24.30B | $23.36B | $21.73B | $21.72B | |
| Deferred Tax | $39M | $65M | $43M | $12M | $17M | $42M | $26M | $0 | $87M | · | · | · | |
| Total Liabilities | $34.21B | $32.16B | $29.73B | $27.09B | $25.42B | $22.28B | $20.54B | $19.42B | $18.85B | $18.28B | $17.10B | $17.09B | |
| Common Stock | $159M | $159M | $159M | $106M | $106M | $71M | $71M | $71M | $47M | $47M | $47M | $47M | |
| Retained Earnings | $13.34B | $12.27B | $11.04B | $10.16B | $9.02B | $8.35B | $7.93B | $7.56B | $6.96B | $6.60B | $6.18B | $5.73B | |
| Treasury Stock | $4.34B | $4.08B | $3.78B | $3.25B | $3.17B | $3.06B | $2.73B | $2.72B | $2.71B | $2.69B | $2.56B | $2.36B | |
| AOCI | $-451M | $-934M | $-926M | $-1.26B | $-282M | $-62M | $-257M | $-510M | $69M | $56M | $-67M | $184M | |
| Stockholders' Equity | $9.70B | $8.40B | $7.46B | $6.75B | $6.65B | $6.31B | $6.07B | $5.44B | $5.41B | $5.05B | $4.60B | $4.59B | |
| Liabilities + Equity | $43.93B | $40.57B | $37.20B | $33.86B | $32.09B | $28.61B | $26.66B | $24.90B | $24.30B | $23.36B | $21.73B | $21.72B | |
| Shares Outstanding | 377,155,799 | 380,066,070 | 384,817,136 | 396,819,150 | 397,756,323 | 266,737,725 | 275,117,861 | 182,993,640 | 182,272,278 | 181,790,399 | 123,307,837 | 126,748,836 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $-48M | $-171M | $-21M | $56M | $130M | $135M | $113M | $131M | $113M | $86M | $85M | $89M | |
| Stock-based Comp | $55M | $54M | $51M | $49M | $47M | $50M | $49M | $37M | $40M | $37M | $32M | $28M | |
| Deferred Tax | $-14M | $96M | $-27M | $-4M | $13M | $-14M | $36M | $-40M | $-15M | $10M | $51M | $31M | |
| Other Non-cash | $1.81B | $1.94B | $1.54B | · | · | · | · | · | · | · | · | · | |
| Operating Cash Flow | $3.58B | $3.68B | $2.93B | $2.57B | $2.18B | $1.62B | $1.14B | $620M | $711M | $848M | $881M | $735M | |
| CapEx | · | · | · | · | · | · | $60M | $50M | $116M | $51M | $64M | $42M | |
| Investing Cash Flow | $-2.03B | $-2.18B | $-1.96B | $-1.89B | $-2.99B | $120M | $-425M | $-714M | $-333M | $-794M | $-171M | $-808M | |
| Debt Issued | $0 | $3M | $980.0K | $0 | $1.03B | $742M | $291M | $295M | $7M | $389M | $9M | $354M | |
| Net Debt Issued | $0 | $3M | $-974.0K | $-3M | $1.03B | $742M | $291M | $295M | $7M | $389M | $9M | $354M | |
| Stock Repurchased | $270M | $304M | $537M | $94M | $122M | $346M | $18M | $25M | $48M | $132M | $224M | $239M | |
| Net Stock Activity | $-270M | $-304M | $-537M | $-94M | $-122M | $-346M | $-18M | $-25M | $-48M | $-132M | $-224M | $-239M | |
| Dividends Paid | $700M | $532M | $501M | $235M | $356M | $84M | $308M | $255M | $188M | $184M | $58M | $181M | |
| Financing Cash Flow | $-1.03B | $-852M | $-1.06B | $-772M | $6M | $-398M | $-513M | $-7M | $-235M | $-7M | $-555M | $-70M | |
| Net Change in Cash | $565M | $612M | $-86M | $-119M | $-804M | $1.35B | $206M | $-133M | $155M | $32M | $89M | $-165M | |
| Free Cash Flow | · | · | · | · | · | · | $1.08B | $570M | $595M | $798M | $818M | $693M | |
| Levered FCF | · | · | · | · | · | · | $960M | $445M | $490M | $703M | $728M | $605M |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 12.1% | 12.9% | 11.4% | 12.4% | 10.8% | 6.6% | 8.6% | 8.3% | 7.1% | 7.9% | 7.0% | 9.1% | |
| Pretax Margin | 15.5% | 16.6% | 14.4% | 15.4% | 13.6% | 8.7% | 10.8% | 10.6% | 10.1% | 11.7% | 10.2% | 13.4% | |
| EBITDA Margin | -0.33% | -1.2% | -0.17% | · | · | · | · | · | · | · | · | · | |
| ROA | 4.2% | 4.5% | 3.9% | 4.2% | 3.4% | 1.9% | 2.6% | 2.6% | 2.3% | 2.7% | 2.3% | 3.1% | |
| ROE | 19.7% | 22.2% | 19.4% | 20.6% | 15.8% | 8.6% | 11.8% | 11.8% | 10.5% | 12.5% | 11.0% | 14.5% |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.3 | 0.4 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $25.72 | $22.09 | $29.06 | $25.51 | $37.63 | $35.49 | $33.12 | $44.57 | $44.53 | $41.65 | $37.31 | $36.21 | |
| Revenue / Share | $36.78 | $33824.26 | $44431.13 | $39957.27 | $50699.82 | $42905.26 | $40833.79 | $59.97 | $59.56 | $59.54 | $55.35 | $53.34 | |
| Cash Flow / Share | $8.96 | $9122.39 | $10718.11 | $9191.28 | $11710.45 | $8564.63 | $5910.43 | $4.84 | $5.51 | $6.60 | $6.77 | $5.50 | |
| Cash / Share | $6.73 | $5.20 | $5.31 | $5.48 | $8.87 | $13.34 | $5.58 | $6.70 | $7.82 | $6.56 | $6.19 | $5.32 | |
| Dividend Paid / Share | $1.85 | $1.40 | $1.29 | $0.59 | $1.34 | $0.31 | $1.68 | $1.39 | $1.03 | · | · | · | |
| EPS (TTM) | $4.45 | $4.36 | $3.37 | $3.29 | $3.66 | $1.87 | $3.52 | $3.33 | $2.84 | $4.68 | $3.87 | $4.86 |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 7.8% | 12.3% | 8.7% | 18.1% | 16.8% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 9.6% | 13.0% | 14.4% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 12.7% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 2.1% | 29.4% | 2.4% | -10.1% | 95.7% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | 10.6% | 6.0% | 21.7% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 18.9% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 1.3% | 27.1% | 0.02% | 35.1% | 92.7% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 8.8% | 19.8% | 37.6% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 27.4% | · | · | · | · | · | · | · | · | · | · | · | |
| Dividends Paid CAGR 5Y | 52.8% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $14.71B | $13.64B | $12.14B | $11.17B | $9.46B | $8.10B | $7.90B | $7.69B | $7.68B | $7.65B | $7.21B | $7.13B | |
| Net Income TTM | $1.78B | $1.76B | $1.38B | $1.38B | $1.02B | $531M | $682M | $641M | $549M | $602M | $504M | $649M | |
| Market Cap | $26.45B | $22.24B | $12.10B | $12.80B | $6.47B | $5.25B | $5.63B | $2.67B | $2.58B | $2.39B | $2.00B | $1.93B | |
| P/E | 15.8 | 13.4 | 14.0 | 14.7 | 10.0 | 15.8 | 8.7 | 6.6 | 7.5 | 4.2 | 4.2 | 3.1 | |
| P/S | 1.8 | 1.6 | 1.0 | 1.1 | 0.7 | 0.6 | 0.7 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | |
| P/B | 2.7 | 2.6 | 1.6 | 1.9 | 1.0 | 0.8 | 0.9 | 0.5 | 0.5 | 0.5 | 0.4 | 0.4 | |
| P / Tangible Book | 2.8 | 2.7 | 1.7 | 2.0 | 1.0 | 0.9 | · | · | · | · | · | · | |
| P / Cash Flow | 7.4 | 6.0 | 4.1 | 5.0 | 3.0 | 3.2 | 4.9 | 4.3 | 3.6 | 2.8 | 2.3 | 2.6 | |
| P / FCF | · | · | · | · | · | · | 5.2 | 4.7 | 4.3 | 3.0 | 2.4 | 2.8 | |
| Dividend Yield | 2.6% | 2.4% | 4.2% | 1.8% | 5.5% | 1.6% | 5.5% | 9.5% | 7.3% | 7.7% | 2.9% | 9.4% | |
| Earnings Yield | 6.3% | 7.4% | 7.1% | 6.8% | 10.0% | 6.3% | 11.5% | 15.2% | 13.4% | 23.8% | 23.9% | 32.0% | |
| Payout Ratio | 39.4% | 30.3% | 36.3% | 17.0% | 34.8% | 15.9% | 45.2% | 39.8% | 34.3% | 30.6% | 11.5% | 28.0% | |
| Annual Payout | $700M | $532M | $501M | $235M | $356M | $84M | $308M | $255M | $188M | $184M | $58M | $181M |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.72B | $3.69B | $3.72B | $3.77B | $3.67B | $3.55B | $3.67B | $3.40B | $3.31B | $3.26B | $3.22B | $3.03B | $3.00B | $2.90B | $2.72B | $2.51B | |
| Interest Expense | $32M | $32M | $32M | $32M | $32M | $32M | $32M | $32M | $32M | $32M | $32M | $32M | $32M | $32M | $32M | $32M | |
| Pretax Income | $575M | $616M | $572M | $648M | $522M | $539M | $728M | $474M | $488M | $574M | $501M | $420M | $457M | $376M | $286M | $223M | |
| Income Tax | $123M | $101M | $117M | $136M | $121M | $121M | $153M | $109M | $116M | $132M | $102M | $87M | $101M | $80M | $56M | $43M | |
| Net Income | $452M | $515M | $450M | $511M | $401M | $418M | $576M | $366M | $372M | $442M | $397M | $334M | $356M | $294M | $229M | $179M | |
| EPS (Basic) | $1.16 | $1.31 | $1.13 | $1.29 | $1.01 | $1.05 | $1.44 | $0.92 | $0.93 | $1.10 | $0.62 | $0.83 | $0.88 | $1.07 | $0.83 | $0.65 | |
| EPS (Diluted) | $1.15 | $1.31 | $1.13 | $1.28 | $1.00 | $1.04 | $1.44 | $0.91 | $0.92 | $1.09 | $0.62 | $0.82 | $0.87 | $1.06 | $0.82 | $0.64 | |
| Shares (Basic) | 389,156,000 | 392,264,000 | · | 397,220,000 | 397,016,000 | 396,929,000 | · | 398,338,000 | 400,273,000 | 402,317,000 | · | 403,787,000 | 406,296,000 | 274,977,000 | 277,192,000 | 276,815,000 | |
| Shares (Diluted) | 391,804,000 | 394,779,000 | · | 400,204,000 | 400,368,000 | 399,825,000 | · | 401,817,000 | 403,737,000 | 405,757,000 | · | 407,158,000 | 409,643,000 | 277,339,000 | 279,642,000 | 279,525,000 | |
| EBITDA | · | $-15M | · | · | · | $-10M | · | · | · | $-81M | · | · | · | · | · | · |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.61B | $2.28B | $2.54B | $2.40B | $1.98B | $1.72B | $1.97B | $1.57B | $1.58B | $1.17B | · | $1.65B | $1.82B | $1.24B | $1.13B | $1.32B | |
| PP&E (Net) | $567M | $567M | $596M | $493M | $490M | $482M | $479M | $478M | $477M | $467M | · | $423M | $421M | $421M | $414M | $415M | |
| Goodwill | $184M | $184M | $184M | $184M | $184M | $184M | $184M | $184M | $184M | $175M | · | $175M | $175M | $186M | $170M | $170M | |
| Intangibles | · | · | $86M | · | · | · | $97M | · | · | · | · | · | · | · | · | · | |
| Total Assets | $45.68B | $44.32B | $44.07B | $43.72B | $42.66B | $41.35B | $40.57B | $40.36B | $38.91B | $37.85B | · | $36.11B | $35.31B | $34.30B | $33.08B | $32.69B | |
| Deferred Tax | $0 | $76M | $100M | $23M | · | $32M | $65M | · | · | · | · | · | · | · | · | · | |
| Total Liabilities | $35.83B | $34.56B | $34.36B | $33.91B | $33.35B | $32.42B | $32.16B | $31.92B | $31.12B | $30.05B | · | $29.18B | $28.40B | $27.33B | $26.71B | $26.16B | |
| Common Stock | $159M | $159M | $159M | $159M | $159M | $159M | $159M | $159M | $159M | $106M | · | $106M | $106M | $106M | $106M | $106M | |
| Retained Earnings | $14.06B | $13.83B | $13.34B | $13.31B | $12.83B | $12.65B | $12.27B | $11.91B | $11.67B | $11.46B | · | $10.80B | $10.62B | $10.30B | $9.81B | $9.60B | |
| Treasury Stock | $4.76B | $4.64B | $4.34B | $4.14B | $4.13B | $4.13B | $4.08B | $4.01B | $4.01B | $3.78B | · | $3.68B | $3.68B | $3.39B | $3.16B | $3.17B | |
| AOCI | $-640M | $-601M | $-451M | $-506M | $-572M | $-762M | $-934M | $-603M | $-1.03B | $-1.02B | · | $-1.32B | $-1.18B | $-1.08B | $-1.39B | $-1.03B | |
| Stockholders' Equity | $9.83B | $9.74B | $9.70B | $9.80B | $9.29B | $8.91B | $8.40B | $8.43B | $7.77B | $7.78B | · | $6.92B | $6.89B | $6.94B | $6.35B | $6.51B | |
| Liabilities + Equity | $45.68B | $44.32B | $44.07B | $43.72B | $42.66B | $41.35B | $40.57B | $40.36B | $38.91B | $37.85B | · | $36.11B | $35.31B | $34.30B | $33.08B | $32.69B | |
| Shares Outstanding | 371,057,782 | 372,699,681 | 377,155,799 | 379,877,184 | 379,385,332 | 379,312,871 | 380,066,070 | 381,189,906 | 380,646,644 | 256,548,669 | 384,817,136 | 258,043,531 | 257,516,572 | 262,536,530 | 265,801,717 | 265,272,980 |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $-22M | $-15M | $-15M | $-9M | $-14M | $-10M | $-14M | $-12M | $-64M | $-81M | $-24M | $-4M | $-3M | $10M | $9M | $13M | |
| Stock-based Comp | $16M | $13M | $14M | $13M | $15M | $12M | $14M | $13M | $14M | $13M | $13M | $13M | $13M | $12M | $12M | $13M | |
| Other Non-cash | · | $155M | · | · | · | $324M | · | · | · | $372M | · | · | · | · | · | · | |
| Operating Cash Flow | $800M | $668M | $995M | $1.14B | $704M | $744M | $810M | $1.24B | $881M | $746M | $698M | $1.08B | $709M | $445M | $768M | $528M | |
| Investing Cash Flow | $-361M | $-589M | $-243M | $-628M | $-234M | $-924M | $-87M | $-1.11B | $-87M | $-905M | $-565M | $-1.24B | $198M | $-359M | $-761M | $-1.31B | |
| Net Debt Issued | · | · | · | · | · | · | · | · | · | · | · | · | · | $-868.0K | · | · | |
| Stock Repurchased | $111M | $302M | $196M | $25M | $0 | $49M | $67M | $12M | $224M | $0 | $107M | $3M | $292M | $135M | $7M | $0 | |
| Net Stock Activity | · | $-302M | · | · | · | $-49M | · | · | · | $0 | · | · | · | $-135M | · | · | |
| Dividends Paid | $0 | $34M | $412M | $34M | $224M | $30M | $220M | $126M | $158M | $28M | $315M | $0 | $28M | $159M | $159M | $0 | |
| Financing Cash Flow | $-128M | $-339M | $-618M | $-95M | $-232M | $-81M | $-291M | $-154M | $-378M | $-30M | $-424M | $-23M | $-320M | $-296M | $-184M | $636.0K | |
| Net Change in Cash | $326M | $-259M | $136M | $419M | $264M | $-255M | $402M | $-7M | $411M | $-194M | $-283M | $-177M | $581M | $-207M | $-186M | $-798M |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 12.2% | 14.0% | · | 13.6% | 10.9% | 11.8% | · | 10.8% | 11.2% | 13.6% | · | 11.0% | 11.9% | 10.2% | 8.4% | 7.1% | |
| Pretax Margin | 15.5% | 16.7% | · | 17.2% | 14.2% | 15.2% | · | 14.0% | 14.7% | 17.6% | · | 13.9% | 15.3% | 13.0% | 10.5% | 8.9% | |
| EBITDA Margin | · | -0.42% | · | · | · | -0.28% | · | · | · | -2.5% | · | · | · | · | · | · | |
| ROA | 1.0% | 1.2% | · | 1.2% | 0.98% | 1.1% | · | 0.96% | 1.0% | 1.2% | · | 0.96% | 1.1% | 0.88% | 0.71% | 0.57% | |
| ROE | 4.7% | 5.5% | · | 5.6% | 4.7% | 5.0% | · | 4.8% | 5.1% | 6.0% | · | 5.0% | 5.3% | 4.3% | 3.5% | 2.7% |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $26.50 | $26.13 | · | $25.79 | $24.50 | $23.50 | · | $22.11 | $20.42 | $30.34 | · | $26.80 | $26.74 | $26.45 | $23.88 | $24.56 | |
| Revenue / Share | $9.48 | $9.35 | · | $9.42 | $9.17 | $8.87 | · | $8.46 | $8.21 | $12.04 | · | $11.17 | $10.97 | $10.44 | $9.74 | $8.99 | |
| Cash Flow / Share | · | $1.69 | · | · | · | $1.86 | · | · | · | $2.76 | · | · | · | $1.61 | · | · | |
| Cash / Share | $7.02 | $6.12 | · | $6.33 | $5.23 | $4.54 | · | $4.13 | $4.15 | $4.56 | · | $6.38 | $7.08 | $4.73 | $4.25 | $4.96 | |
| Dividend Paid / Share | $0.60 | $0.09 | $1.09 | $0.09 | $0.59 | $0.08 | $0.59 | $0.33 | $0.41 | $0.07 | $0.21 | $0.41 | $0.07 | $0.60 | $0.10 | $0.60 | |
| EPS (TTM) | $4.87 | $4.72 | · | $4.76 | $4.39 | $4.31 | · | $3.54 | $3.45 | $3.40 | · | $2.46 | $2.46 | $2.23 | $4.64 | $4.75 |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $14.90B | $14.85B | · | $14.65B | $14.29B | $13.93B | · | $13.19B | $12.82B | $12.50B | · | $11.94B | $11.63B | $11.15B | $10.73B | $10.43B | |
| Net Income TTM | $1.93B | $1.88B | · | $1.91B | $1.76B | $1.73B | · | $1.58B | $1.55B | $1.53B | · | $1.37B | $1.26B | $1.08B | $1.29B | $1.33B | |
| Market Cap | $26.17B | $24.70B | · | $29.11B | $27.87B | $26.99B | · | $21.62B | $19.94B | $15.13B | · | $10.92B | $10.23B | $10.90B | $11.44B | $12.07B | |
| P/E | 14.5 | 14.0 | · | 16.1 | 16.7 | 16.5 | · | 16.0 | 15.2 | 17.3 | · | 17.2 | 16.1 | 18.6 | 9.3 | 9.6 | |
| P/S | 1.8 | 1.7 | · | 2.0 | 2.0 | 1.9 | · | 1.6 | 1.6 | 1.2 | · | 0.9 | 0.9 | 1.0 | 1.1 | 1.2 | |
| P/B | 2.7 | 2.5 | · | 3.0 | 3.0 | 3.0 | · | 2.6 | 2.6 | 1.9 | · | 1.6 | 1.5 | 1.6 | 1.8 | 1.9 | |
| P / Tangible Book | 2.7 | 2.6 | · | 3.0 | 3.1 | 3.1 | · | 2.6 | 2.6 | 2.0 | · | 1.6 | 1.5 | 1.6 | 1.9 | 1.9 | |
| P / Cash Flow | · | 37.0 | · | · | · | 36.3 | · | · | · | 20.3 | · | · | · | 24.5 | · | · | |
| Dividend Yield | 1.8% | 2.9% | · | 1.8% | 2.1% | 2.0% | · | 2.9% | 2.5% | 2.5% | · | 2.2% | 3.9% | 3.4% | 3.3% | 3.0% | |
| Earnings Yield | 6.9% | 7.1% | · | 6.2% | 6.0% | 6.1% | · | 6.2% | 6.6% | 5.8% | · | 5.8% | 6.2% | 5.4% | 10.8% | 10.4% | |
| Payout Ratio | · | 6.5% | · | · | · | 7.3% | · | · | · | 6.4% | · | · | · | 53.9% | · | · | |
| Annual Payout | $480M | $704M | · | $509M | $600M | $534M | · | $626M | $500M | $371M | · | $240M | $399M | $371M | $382M | $357M |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $14.71B | $13.64B | $12.14B | $11.17B | $9.46B |
| Net Income | $1.78B | $1.76B | $1.38B | $1.38B | $1.02B |
| Diluted EPS | $4.45 | $4.36 | $3.37 | $3.29 | $3.66 |
Not enough fundamentals data to build this statement yet.
Not enough fundamentals data to build this statement yet.
Institutional owners (13F) 1,014 filers · $22.3B total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 114 (+3 vs prior Q) | 81 (-24 vs prior Q) | 331 (+84 vs prior Q) | 331 (-79 vs prior Q) | +3.0M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| Mitsui Sumitomo Insurance Co Ltd | $4,145,785,139 | 58,780,450 | 18.55% | Shares |
| VANGUARD GROUP INC | $2,596,794,700 | 37,033,581 | 11.62% | Shares |
| BlackRock, Inc. | $1,547,049,191 | 21,934,626 | 6.92% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $1,318,274,044 | 18,690,969 | 5.90% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $1,026,279,985 | 14,550,971 | 4.59% | Shares |
| STATE STREET CORP | $1,004,668,877 | 14,126,628 | 4.50% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $588,464,510 | 8,268,721 | 2.63% | Shares |
| MORGAN STANLEY | $582,069,551 | 8,252,790 | 2.61% | Shares |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | $449,774,394 | 6,377,064 | 2.01% | Shares |
| Invesco Ltd. | $354,644,870 | 5,028,284 | 1.59% | Shares |
| GOLDMAN SACHS GROUP INC | $293,279,011 | 4,158,216 | 1.31% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $285,090,089 | 4,041,846 | 1.28% | Shares |
| WELLS FARGO & COMPANY/MN | $262,439,161 | 3,720,958 | 1.17% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $259,561,706 | 3,680,160 | 1.16% | Shares |
| FIRST TRUST ADVISORS LP | $255,661,220 | 3,624,858 | 1.14% | Shares |
| NORGES BANK | $222,073,085 | 3,148,633 | 0.99% | Shares |
| BANK OF AMERICA CORP /DE/ | $200,969,092 | 2,849,413 | 0.90% | Shares |
| UBS Group AG | $199,975,261 | 2,835,322 | 0.90% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $182,572,759 | 2,588,583 | 0.82% | Shares |
| NORTHERN TRUST CORP | $180,041,789 | 2,552,698 | 0.81% | Shares |
| JANUS HENDERSON GROUP PLC | $162,909,996 | 2,457,890 | 0.73% | Shares |
| 1832 Asset Management L.P. | $161,786,228 | 2,293,864 | 0.72% | Shares |
| JPMORGAN CHASE & CO | $152,989,434 | 2,154,477 | 0.68% | Shares |
| Polar Capital Holdings Plc | $150,228,900 | 2,130,000 | 0.67% | Shares |
| ROYAL LONDON ASSET MANAGEMENT LTD | $149,188,512 | 2,115,249 | 0.67% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $144,191,609 | 2,175,492 | 0.65% | Shares |
| TWO SIGMA INVESTMENTS, LP | $142,002,140 | 2,013,358 | 0.64% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $135,237,679 | 1,917,449 | 0.61% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $115,171,681 | 1,632,946 | 0.52% | Shares |
| Legal & General Group Plc | $112,813,089 | 1,599,505 | 0.50% | Shares |
| Madison Asset Management, LLC | $105,638,722 | 1,497,784 | 0.47% | Shares |
| CITADEL ADVISORS LLC | $104,099,035 | 1,475,954 | 0.47% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $103,071,273 | 1,461,348 | 0.46% | Shares |
| FMR LLC | $102,043,390 | 1,446,808 | 0.46% | Shares |
| BARCLAYS PLC | $101,591,977 | 1,440,408 | 0.45% | Shares |
| Bank of New York Mellon Corp | $95,039,623 | 1,347,506 | 0.43% | Shares |
| CHILTON INVESTMENT CO INC. | $94,501,525 | 1,339,877 | 0.42% | Shares |
| Cornerstone Investment Partners, LLC | $94,238,377 | 1,336,146 | 0.42% | Shares |
| DEUTSCHE BANK AG\ | $92,085,873 | 1,305,627 | 0.41% | Shares |
| JONES FINANCIAL COMPANIES LLLP | $89,753,885 | 1,259,360 | 0.40% | Shares |
| ROYAL BANK OF CANADA | $88,691,000 | 1,257,518 | 0.40% | Shares |
| HSBC HOLDINGS PLC | $78,632,772 | 1,110,733 | 0.35% | Shares |
| ANCHOR CAPITAL ADVISORS LLC | $73,023,238 | 1,035,350 | 0.33% | Shares |
| RAYMOND JAMES FINANCIAL INC | $70,038,261 | 993,028 | 0.31% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $68,370,019 | 969,375 | 0.31% | Shares |
| MILLENNIUM MANAGEMENT LLC | $66,029,622 | 936,192 | 0.30% | Shares |
| PARNASSUS INVESTMENTS, LLC | $64,963,754 | 961,856 | 0.29% | Shares |
| Bristol Gate Capital Partners Inc. | $64,748,735 | 918,030 | 0.29% | Shares |
| CONFLUENCE INVESTMENT MANAGEMENT LLC | $63,912,411 | 946,290 | 0.29% | Shares |
| JANE STREET GROUP, LLC | $61,763,403 | 875,704 | 0.28% | Shares |
Activists & 5%+ owners 2 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| WR Berkley & Others LLC, WR Berkley & Others 2 LLC, Estate of William R. Berkley, Marjorie J. Berkley, W. Robert Berkley, Jr., The William R. Berkley 2011 GST Trust u/a dated December 20, 2011, The William R. Berkley 2022 Family Trust f/b/o William R. Berkley, Jr. and His Issue, The William R. Berkley 2022 Family Trust f/b/o Lauren Berkley and Her Issue ×3 filings | July 21, 2026 | 0.00% | Amendment | · | SEC |
| Mitsui Sumitomo Insurance Co., Ltd., MS&AD Insurance Group Holdings, Inc. ×5 filings | June 4, 2026 | 0.00% | Amendment | Board campaign | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 39 insiders · 19 officers · 17 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| William R. Berkley | Executive Chairman | June 3, 2026 A | 17,366,375 | 0 | 0 | $0 |
| Lucille T Sgaglione | EVP | Aug. 15, 2025 F | 241,036 | 0 | 0 | $0 |
| Ira S Lederman | EVP & Secretary | Dec. 11, 2019 G | 240,031 | 0 | 0 | $0 |
| Matthew M Ricciardi | SVP and General Counsel | May 15, 2018 F | 15,561 | 0 | 0 | $0 |
| Eugene G Ballard | EVP, Finance | Aug. 7, 2017 F | 251,656 | 0 | 0 | $0 |
| Clement P Patafio | VP - Corporate Controller | Dec. 17, 2012 F | 126,628 | 0 | 0 | $0 |
| Kevin H Ebers | SVP - Information Technology | May 18, 2010 I | 8,197 | 0 | 0 | $0 |
| Jeffrey Marc Hafter | SVP | May 3, 2010 A | 15,000 | 0 | 0 | $0 |
| Carol Josephine Lapunzina | SVP - Human Resources | March 2, 2010 A | 34,813 | 0 | 0 | $0 |
| Steven William Taylor | SVP - International | March 2, 2010 A | 41,000 | 0 | 0 | $0 |
| Carl Fred Madsen | SVP - Reinsurance Operations | March 2, 2010 A | 50,500 | 0 | 0 | $0 |
| Robert Daly Stone | SVP - Alt. Mkts. Operations | March 2, 2010 A | 76,698 | 0 | 0 | $0 |
| Robert W Gosselink | SVP-Insurance Risk Mgmnt. | March 2, 2010 A | 50,000 | 0 | 0 | $0 |
| Robert C Hewitt | SVP-Excess and Surplus Lines | March 2, 2010 A | 85,000 | 0 | 0 | $0 |
| Paul J Hancock | SVP - Chief Corporate Actuary | March 2, 2010 M | 103,062 | 0 | 0 | $0 |
| Robert P Cole | SVP - Regional Operations | March 2, 2010 A | 217,669 | 0 | 0 | $0 |
| Gillian B James | SVP-Enterprise Risk Management | Dec. 3, 2009 A | 10,000 | 0 | 0 | $0 |
| Peter Lind Kamford | SVP-Admitted Specialty Lines | June 17, 2008 A | 31,419 | 0 | 0 | $0 |
| James W Mccleary | SVP-Reinsurance Operations | Dec. 5, 2005 A | 105,919 | 0 | 0 | $0 |
| Robert Alan Rusbuldt | Director | June 3, 2026 A | 5,866 | 0 | 0 | $0 |
| Marie Angela Mattson | Director | June 3, 2026 A | 9,667 | 0 | 0 | $0 |
| Daniel Lynn Mosley | Director | June 3, 2026 A | 14,885 | 0 | 0 | $0 |
| Jonathan Talisman | Director | June 3, 2026 A | 33,180 | 0 | 0 | $0 |
| Christopher L Augostini | Director | June 3, 2026 A | 109,859 | 0 | 0 | $0 |
| Mary C Farrell | Director | June 3, 2026 A | 19,378 | 0 | 0 | $0 |
| Maria Luisa Ferre | Director | June 3, 2026 A | 59,234 | 0 | 0 | $0 |
| Ronald E Blaylock | Director | June 3, 2026 A | 121,990 | 0 | 0 | $0 |
| Mark L Shapiro | Director | June 12, 2024 A | 2,534 | 0 | 0 | $0 |
| Mark Ellwood Brockbank | Director | Aug. 1, 2022 P | 6,000 | 0 | 0 | $0 |
| Leigh Ann Pusey | Director | Dec. 1, 2021 M | 13,214 | 0 | 0 | $0 |
| Jack H Nusbaum | Director | June 12, 2020 A | 149,799 | 0 | 0 | $0 |
| George G Daly | Director | Nov. 21, 2016 G | 40,822 | 0 | 0 | $0 |
| Rodney A Hawes JR | Director | May 17, 2011 A | 20,500 | 0 | 0 | $0 |
| Philip J Ablove | Director | May 28, 2008 A | 11,739 | 0 | 0 | $0 |
| Richard G Merrill | Director | Nov. 24, 2004 G | 27,432 | 0 | 0 | $0 |
| Philip S Welt | · | Aug. 3, 2026 F | 214,033 | 0 | 0 | $0 |
| Richard Mark Baio | · | Aug. 3, 2026 F | 227,611 | 0 | 0 | $0 |
| William R Berkley JR | · | Aug. 3, 2026 F | 4,650,314 | 0 | 0 | $0 |
| James G Shiel | · | Aug. 3, 2026 F | 810,633 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 114 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| KBWP · Invesco Exchange-Traded Fund Trust … | 4.26% | 170,813 SH | Oct. 23, 2026 | Daily |
| STNC · Hennessy Funds Trust | 3.30% | 42,233 NS | July 31, 2026 | N-PORT |
| RSPF · Invesco Exchange-Traded Fund Trust | 1.42% | 61,443 SH | Oct. 23, 2026 | Daily |
| SPGP · Invesco Exchange-Traded Fund Trust | 1.01% | 282,519 SH | Oct. 23, 2026 | Daily |
| SPLV · Invesco Exchange-Traded Fund Trust … | 0.97% | 951,045 SH | Oct. 23, 2026 | Daily |
| JOET · Virtus ETF Trust II | 0.75% | 25,210 NS | July 31, 2026 | N-PORT |
| NUMV · Nushares ETF Trust | 0.71% | 43,628 NS | July 31, 2026 | N-PORT |
| PGX · Invesco Exchange-Traded Fund Trust … | 0.70% | 1,552,507 | Oct. 23, 2026 | Daily |
| UPSD · ETF Series Solutions | 0.62% | 9,937 NS | July 31, 2026 | N-PORT |
| SDVD · First Trust Exchange-Traded Fund IV | 0.59% | 74,215 NS | July 31, 2026 | N-PORT |
| QLV · FlexShares Trust | 0.46% | 10,332 NS | July 31, 2026 | N-PORT |
| FDLO · FIDELITY COVINGTON TRUST | 0.45% | 88,221 NS | July 31, 2026 | N-PORT |
| FTA · First Trust Exchange-Traded AlphaDE… | 0.35% | 68,179 NS | July 31, 2026 | N-PORT |
| PFF · iShares Trust | 0.34% | 2,544,440 SH | Sept. 11, 2026 | Daily |
| VOE · VANGUARD INDEX FUNDS | 0.34% | 1,793,548 SH | Aug. 19, 2026 | Daily |
| FXO · First Trust Exchange-Traded AlphaDE… | 0.31% | 48,013 NS | July 31, 2026 | N-PORT |
| ACWV · iShares, Inc. | 0.29% | 139,314 SH | Sept. 11, 2026 | Daily |
| IMCV · iShares Trust | 0.27% | 44,779 SH | Sept. 11, 2026 | Daily |
| IYF · iShares Trust | 0.24% | 151,994 SH | Sept. 11, 2026 | Daily |
| RSP · Invesco Exchange-Traded Fund Trust | 0.21% | 2,808,370 SH | Oct. 23, 2026 | Daily |
| JQUA · J.P. Morgan Exchange-Traded Fund Tr… | 0.21% | 235,958 NS | July 31, 2026 | N-PORT |
| EUSA · iShares, Inc. | 0.20% | 56,056 SH | Sept. 11, 2026 | Daily |
| SIZE · iShares Trust | 0.20% | 12,018 SH | Sept. 11, 2026 | Daily |
| VO · VANGUARD INDEX FUNDS | 0.19% | 6,051,052 SH | Aug. 19, 2026 | Daily |
| FEX · First Trust Exchange-Traded AlphaDE… | 0.19% | 39,957 NS | July 31, 2026 | N-PORT |
| VFH · VANGUARD WORLD FUND | 0.18% | 350,296 SH | Aug. 19, 2026 | Daily |
| FAS · Direxion Shares ETF Trust | 0.18% | 57,949 NS | July 31, 2026 | N-PORT |
| DFLV · Dimensional ETF Trust | 0.18% | 166,173 NS | July 31, 2026 | N-PORT |
| FAB · First Trust Exchange-Traded AlphaDE… | 0.18% | 4,119 NS | July 31, 2026 | N-PORT |
| FNCL · FIDELITY COVINGTON TRUST | 0.17% | 56,560 NS | July 31, 2026 | N-PORT |
| EQIN · Columbia ETF Trust I | 0.17% | 7,190 NS | July 31, 2026 | N-PORT |
| IWS · iShares Trust | 0.16% | 340,284 SH | Sept. 11, 2026 | Daily |
| DFVX · Dimensional ETF Trust | 0.15% | 10,883 NS | July 31, 2026 | N-PORT |
| JPUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.14% | 8,720 NS | July 31, 2026 | N-PORT |
| IMCB · iShares Trust | 0.13% | 32,200 SH | Sept. 11, 2026 | Daily |
| IXG · iShares Trust | 0.13% | 12,744 SH | Sept. 11, 2026 | Daily |
| DEUS · DBX ETF Trust | 0.12% | 5,456 NS | Aug. 31, 2026 | N-PORT |
| XOEF · iShares Trust | 0.12% | 374 SH | Sept. 11, 2026 | Daily |
| IWR · iShares Trust | 0.12% | 932,565 SH | Sept. 11, 2026 | Daily |
| ESUM · Strategy Shares | 0.10% | 2,500 NS | July 31, 2026 | N-PORT |
| PFM · Invesco Exchange-Traded Fund Trust | 0.10% | 10,555 SH | Oct. 23, 2026 | Daily |
| DXUV · Dimensional ETF Trust | 0.09% | 6,901 NS | July 31, 2026 | N-PORT |
| VIG · VANGUARD SPECIALIZED FUNDS | 0.09% | 1,661,507 SH | Aug. 19, 2026 | Daily |
| DFUV · Dimensional ETF Trust | 0.09% | 185,094 NS | July 31, 2026 | N-PORT |
| RWL · Invesco Exchange-Traded Fund Trust … | 0.08% | 107,693 SH | Oct. 23, 2026 | Daily |
| DFAC · Dimensional ETF Trust | 0.08% | 517,040 NS | July 31, 2026 | N-PORT |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.07% | 7,663 SH | Oct. 23, 2026 | Daily |
| VTV · VANGUARD INDEX FUNDS | 0.07% | 2,652,467 SH | Aug. 19, 2026 | Daily |
| VYM · VANGUARD WHITEHALL FUNDS | 0.07% | 906,062 SH | Aug. 19, 2026 | Daily |
| DFSU · Dimensional ETF Trust | 0.07% | 20,801 NS | July 31, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.07% | 30,167 NS | July 31, 2026 | N-PORT |
| IQSU · New York Life Investments ETF Trust | 0.06% | 2,893 NS | July 31, 2026 | N-PORT |
| USXF · iShares Trust | 0.06% | 12,787 SH | Sept. 11, 2026 | Daily |
| IUS · Invesco Exchange-Traded Self-Indexe… | 0.06% | 8,129 SH | Oct. 23, 2026 | Daily |
| VFMV · VANGUARD WELLINGTON FUND | 0.06% | 3,563 SH | Aug. 19, 2026 | Daily |
| ILCV · iShares Trust | 0.06% | 10,793 SH | Sept. 11, 2026 | Daily |
| DFAU · Dimensional ETF Trust | 0.05% | 93,411 NS | July 31, 2026 | N-PORT |
| SPXD · DBX ETF Trust | 0.05% | 54 NS | Aug. 31, 2026 | N-PORT |
| QUAL · iShares Trust | 0.05% | 324,979 SH | Sept. 11, 2026 | Daily |
| IWD · iShares Trust | 0.04% | 506,941 SH | Sept. 11, 2026 | Daily |
| VONV · VANGUARD SCOTTSDALE FUNDS | 0.04% | 136,971 SH | Aug. 19, 2026 | Daily |
| PRF · Invesco Exchange-Traded Fund Trust | 0.04% | 51,483 SH | Oct. 23, 2026 | Daily |
| VOXP · Advisors Series Trust | 0.04% | 30 NS | July 31, 2026 | N-PORT |
| TOPC · iShares Trust | 0.04% | 173 SH | Sept. 11, 2026 | Daily |
| XVV · iShares Trust | 0.04% | 3,421 SH | Sept. 11, 2026 | Daily |
| APUE · Trust for Professional Managers | 0.03% | 12,611 NS | Aug. 31, 2026 | N-PORT |
| PTLC · Pacer Funds Trust | 0.03% | 15,079 NS | July 31, 2026 | N-PORT |
| BKLC · BNY Mellon ETF Trust | 0.03% | 25,000 NS | July 31, 2026 | N-PORT |
| IVW · iShares Trust | 0.03% | 357,480 SH | Sept. 11, 2026 | Daily |
| IVV · iShares Trust | 0.03% | 3,706,913 SH | Sept. 11, 2026 | Daily |
| IUSG · iShares Trust | 0.03% | 147,327 SH | Sept. 11, 2026 | Daily |
| BBUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.03% | 37,968 NS | July 31, 2026 | N-PORT |
| VOTE · TCW ETF Trust | 0.03% | 4,655 NS | July 31, 2026 | N-PORT |
| SPUU · Direxion Shares ETF Trust | 0.03% | 1,109 NS | July 31, 2026 | N-PORT |
| VOO · VANGUARD INDEX FUNDS | 0.03% | 7,636,450 SH | Aug. 19, 2026 | Daily |
| VV · VANGUARD INDEX FUNDS | 0.03% | 325,948 SH | Aug. 19, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.03% | 8,867,874 SH | Aug. 19, 2026 | Daily |
| VOOG · VANGUARD ADMIRAL FUNDS | 0.03% | 124,694 SH | Aug. 19, 2026 | Daily |
| VOOV · VANGUARD ADMIRAL FUNDS | 0.03% | 29,232 SH | Aug. 19, 2026 | Daily |
| QDPL · Pacer Funds Trust | 0.03% | 7,065 NS | July 31, 2026 | N-PORT |
| ESGV · VANGUARD WORLD FUND | 0.03% | 51,282 SH | Aug. 19, 2026 | Daily |
| IVE · iShares Trust | 0.03% | 208,785 SH | Sept. 11, 2026 | Daily |
| IYY · iShares Trust | 0.03% | 12,483 SH | Sept. 11, 2026 | Daily |
| ROUS · Lattice Strategies Trust | 0.03% | 2,817 NS | July 31, 2026 | N-PORT |
| ILCB · iShares Trust | 0.03% | 5,332 SH | Sept. 11, 2026 | Daily |
| ITOT · iShares Trust | 0.03% | 388,582 SH | Sept. 11, 2026 | Daily |
| IUSV · iShares Trust | 0.03% | 109,836 SH | Sept. 11, 2026 | Daily |
| HCMT · Direxion Shares ETF Trust | 0.03% | 2,043 NS | July 31, 2026 | N-PORT |
| PBP · Invesco Exchange-Traded Fund Trust | 0.03% | 1,358 SH | Oct. 23, 2026 | Daily |
| SPXL · Direxion Shares ETF Trust | 0.02% | 22,990 NS | July 31, 2026 | N-PORT |
| PBUS · Invesco Exchange-Traded Fund Trust … | 0.02% | 34,399 SH | Oct. 23, 2026 | Daily |
| DFUS · Dimensional ETF Trust | 0.02% | 67,796 NS | July 31, 2026 | N-PORT |
| DGRO · iShares Trust | 0.02% | 141,389 SH | Sept. 11, 2026 | Daily |
| IWB · iShares Trust | 0.02% | 156,739 SH | Sept. 11, 2026 | Daily |
| TILT · FlexShares Trust | 0.02% | 6,640 NS | July 31, 2026 | N-PORT |
| PHDG · Invesco Actively Managed Exchange-T… | 0.02% | 178 SH | Oct. 23, 2026 | Daily |
| IWV · iShares Trust | 0.02% | 61,985 SH | Sept. 11, 2026 | Daily |
| VONE · VANGUARD SCOTTSDALE FUNDS | 0.02% | 37,747 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.02% | 19,155 SH | Aug. 19, 2026 | Daily |
| TOV · EA Series Trust | 0.02% | 738 NS | July 31, 2026 | N-PORT |
| KOKU · DBX ETF Trust | 0.02% | 2,108 NS | Aug. 31, 2026 | N-PORT |
| URTH · iShares, Inc. | 0.02% | 20,130 SH | Sept. 11, 2026 | Daily |
| TOK · iShares Trust | 0.02% | 542 SH | Sept. 11, 2026 | Daily |
| ACWI · iShares Trust | 0.02% | 73,756 SH | Sept. 11, 2026 | Daily |
| USCL · iShares Trust | 0.01% | 5,611 SH | Sept. 11, 2026 | Daily |
| QVML · Invesco Exchange-Traded Fund Trust … | 0.01% | 2,296 SH | Oct. 23, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.01% | 196,439 SH | Aug. 19, 2026 | Daily |
| OMFL · Invesco Exchange-Traded Self-Indexe… | 0.01% | 5,572 SH | Oct. 23, 2026 | Daily |
| BLV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BND · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| VCLT · VANGUARD SCOTTSDALE FUNDS | · | · | July 15, 2026 | Daily |
| VTC · VANGUARD SCOTTSDALE FUNDS | · | · | July 30, 2026 | Daily |
| BNDW · VANGUARD SCOTTSDALE FUNDS | · | · | July 30, 2026 | Daily |
| IAK · iShares Trust | · | 156,755 SH | Sept. 11, 2026 | Daily |
WRB Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
12-Month Price Target
17 analysts · 2026-10-19Mean target $69.06 -5.8%
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| WRB | $26.45B | 15.8 | 7.8% | 12.1% | 19.7% | · |
| PGR | · | 11.8 | 16.3% | 12.9% | 40.5% | · |
| TRV | $63.09B | 10.6 | 5.2% | 12.9% | 20.6% | · |
| ALL | $54.12B | 5.5 | 5.6% | 15.2% | 39.5% | · |
| AIG | $46.04B | 15.8 | -1.8% | 11.6% | 7.4% | · |
| HIG | $38.16B | 10.3 | 6.9% | 13.5% | 21.4% | · |
| CINF | $25.38B | 10.8 | 11.4% | 18.9% | 16.0% | · |
| MKL | $27.06B | 12.7 | 4.7% | 13.6% | 11.9% | · |
| L | · | 13.2 | 5.4% | 9.0% | 9.3% | · |
| AIZ | · | · | · | · | · | · |
| CNA | $12.92B | 10.2 | 5.0% | 8.5% | 11.6% | · |
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