W.R. Berkley (WRB)

Company Profile

Founded in 1967, W. R. Berkley Corporation is an insurance holding company that is among the largest commercial lines writers in the United States and operates worldwide in two segments of the property casualty insurance business: Insurance and Reinsurance & Monoline Excess.

Company profile

Ticker

WRB, WRB-PE, WRB-PH, WRB-PG, WRB-PF

Exchange

NYSE

Website

www.wrbc.com

CEO

W. Robert Berkley

Incorporated

Delaware

Location

Connecticut

Fiscal year end

Dec 31

Sector

Finance and Insurance > Direct Property and Casualty Insurance Carriers

Industry (SIC)

Fire, Marine & Casualty Insurance

Berkshire Hathaway • Hartford Financial Services • American International • Travelers Companies • Chubb Limited • Loews • CNA Financial • American Financial • Progressive • Alleghany ...

SEC CIK

0000011544

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

120dB Films Capital, LLC • 120dB Films Lending, LLC • 52 Lime Street Management Limited • Abercrombie Textiles, LLC • Acadia Insurance Company • Acadia Insurance Group, LLC • Admiral Indemnity Company • Admiral Insurance Company • Admiral Insurance Group, LLC • American Mining Insurance Group, LLC ...

IRS number

221867895

WRB stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Average target

$76.00

Low target

$76.00

High target

$76.00

Latest filings (excl ownership)

View all

8-K

Amendments to Articles of Incorporation or Bylaws

24 Feb 23

Results of Operations and Financial Condition

26 Jan 23

8-K

W. R. Berkley Corporation Elects Daniel L. Mosley As a Director

4 Nov 22

W. R. Berkley Corporation Reports Third Quarter Results

2 Aug 22

W. R. Berkley Corporation Reports Second Quarter Results

21 Jul 22

8-K

Submission of Matters to a Vote of Security Holders

3 May 22

Transcripts

View all

WRB

Earnings call transcript

2022 Q4

26 Jan 23

WRB

Earnings call transcript

2022 Q2

21 Jul 22

WRB

Earnings call transcript

2022 Q1

26 Apr 22

WRB

Earnings call transcript

2021 Q4

28 Jan 22

WRB

Earnings call transcript

2021 Q3

22 Oct 21

WRB

Earnings call transcript

2021 Q2

23 Jul 21

WRB

Earnings call transcript

2021 Q1

21 Apr 21

WRB

Earnings call transcript

2020 Q4

27 Jan 21

WRB

Earnings call transcript

2020 Q3

20 Oct 20

WRB

Earnings call transcript

2020 Q2

21 Jul 20

Latest ownership filings

View all

13F-HR

Quarterly holdings report by institutional manager

Global Indemnity Group, LLC

Quarterly holdings report by institutional manager

Financial summary

Financial statements Chart WRB financial data

Quarter (USD)	Dec 22	Sep 22	Jun 22	Mar 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	1.45 bn	1.45 bn	1.45 bn	1.45 bn	1.45 bn	1.45 bn
Cash burn (monthly)	(no burn)	9.96 mm	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	n/a	29.47 mm	n/a	n/a	n/a	n/a
Cash remaining	n/a	1.42 bn	n/a	n/a	n/a	n/a
Runway (months of cash)	n/a	142.6	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q4 2022

WRB institutional ownership history Ownership history

68.8% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	696	652	+6.7%
Opened positions	105	81	+29.6%
Closed positions	61	79	-22.8%
Increased positions	258	254	+1.6%
Reduced positions	232	222	+4.5%

13F shares	Current	Prev Q	Change
Total value	13.16 tn	11.04 bn	+119106.7%
Total shares	181.31 mm	170.84 mm	+6.1%
Total puts	32.60 k	18.85 k	+72.9%
Total calls	54.60 k	33.65 k	+62.3%
Total put/call ratio	0.6	0.6	+6.6%

Largest owners	Shares	Value	Change
Vanguard	25.40 mm	$1.84 tn	+1.1%
BLK Blackrock	14.37 mm	$1.04 tn	+4.0%
MS Morgan Stanley	10.90 mm	$790.95 bn	+427.2%
STT State Street	10.72 mm	$777.94 bn	NEW
Kayne Anderson Rudnick Investment Management	8.37 mm	$607.40 bn	-6.3%
JHG Janus Henderson	7.05 mm	$511.52 bn	-24.2%
IVZ Invesco	4.80 mm	$348.21 bn	-9.6%
Geode Capital Management	4.49 mm	$326.13 bn	+0.8%
Victory Capital Management	4.03 mm	$292.15 bn	-23.5%
First Eagle Investment Management	3.12 mm	$226.13 bn	-19.8%

Largest transactions	Shares	Bought/sold	Change
STT State Street	10.72 mm	+10.72 mm	NEW
Atlanta Capital Management Co L L C	0.00	-9.03 mm	EXIT
MS Morgan Stanley	10.90 mm	+8.83 mm	+427.2%
Norges Bank	2.74 mm	+2.74 mm	NEW
JHG Janus Henderson	7.05 mm	-2.25 mm	-24.2%
Victory Capital Management	4.03 mm	-1.24 mm	-23.5%
Junto Capital Management	0.00	-859.78 k	EXIT
First Eagle Investment Management	3.12 mm	-767.91 k	-19.8%
Kayne Anderson Rudnick Investment Management	8.37 mm	-561.84 k	-6.3%
HBCYF HSBC	886.35 k	+550.81 k	+164.2%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

WRB insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
20 Jan 23	Talisman Jonathan	Common Stock		Acquire L	Yes	No	69.24	4	276.96	570
23 Dec 22	Talisman Jonathan	Common Stock		Acquire L	Yes	No	73.28	1	73.28	566
29 Sep 22	Talisman Jonathan	Common Stock		Acquire L	Yes	No	63.82	1	63.82	565
15 Aug 22	Berkley William R	Common Stock	Payment of exercise	Dispose F	No	No	65.78	3,792	249.44 k	11,332,624
15 Aug 22	Berkley William R	Common Stock	Grant	Acquire A	No	No	0	99,374	0.00	11,336,416
15 Aug 22	Berkley William R JR	Common Stock	Payment of exercise	Dispose F	No	No	65.78	4,172	274.43 k	2,793,204
15 Aug 22	Berkley William R JR	Common Stock	Grant	Acquire A	No	No	0	99,374	0.00	2,797,376
15 Aug 22	James G Shiel	Common Stock	Payment of exercise	Dispose F	No	No	65.78	667	43.88 k	638,116
15 Aug 22	James G Shiel	Common Stock	Grant	Acquire A	No	No	0	14,526	0.00	638,783