W. R. Berkley Corporation, an insurance holding company, operates as a commercial lines writer in the United States and internationally. It operates in two segments, Insurance and Reinsurance & Monoline Excess. The Insurance segment underwrites commercial insurance business, including premises operations, commercial automobile, property, products liability, and general and professional liability lines. It also provides workers' compensation insurance products; accident and health insurance and reinsurance products; insurance for commercial risks; specialty environmental products for contractors, consultants, and property owners and facilities operators; specialized insurance coverages for fine arts and jewelry exposures; umbrella and excess liability coverage products; and liquor liability and inland marine coverage for small to medium-sized insureds. In addition, this segment offers directors and officers, and surety risk products, as well as products for technology, and life sciences and travel industries; cyber risk solutions; casualty, group life, and crime and fidelity related insurance products; personal lines insurance solutions, including home, condo/co-op, auto, and collectibles; automobile, law enforcement, public officials and educator's legal, and employment practices liability, as well as incidental medical insurance products; and at-risk and alternative risk insurance program management services. The Reinsurance & Monoline Excess segment provides other insurance companies and self-insureds with assistance in managing their net risk through reinsurance on a portfolio basis through treaty reinsurance or on an individual basis through facultative reinsurance. W. R. Berkley Corporation was founded in 1967 and is based in Greenwich, Connecticut.
Company profile
Ticker
WRB, WRB-PH, WRB-PF, WRB-PG
Exchange
Website
CEO
Mr. William Robert Berkley Jr.
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
AMERICAN INTERNATIONAL GROUP INC
SEC CIK
Corporate docs
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
Analyst ratings and price targets
Latest filings (excl ownership)
8-K
W. R. Berkley Corporation Reports Third Quarter Results
21 Oct 24
N-PX
Annual report of proxy voting record
20 Aug 24
10-Q
2024 Q2
Quarterly report
2 Aug 24
8-K
W. R. Berkley Corporation Reports Second Quarter Results
22 Jul 24
8-K
Submission of Matters to a Vote of Security Holders
12 Jun 24
10-Q
2024 Q1
Quarterly report
3 May 24
ARS
2023 FY
Annual report to shareholders
26 Apr 24
DEFA14A
Additional proxy soliciting materials
26 Apr 24
DEF 14A
Definitive proxy
26 Apr 24
8-K
Regulation FD Disclosure
23 Apr 24
Transcripts
WRB
Earnings call transcript
2024 Q3
21 Oct 24
WRB
Earnings call transcript
2024 Q2
22 Jul 24
WRB
Earnings call transcript
2024 Q1
23 Apr 24
WRB
Earnings call transcript
2023 Q4
24 Jan 24
WRB
Earnings call transcript
2023 Q3
23 Oct 23
WRB
Earnings call transcript
2023 Q2
20 Jul 23
WRB
Earnings call transcript
2023 Q2
20 Jul 23
WRB
Earnings call transcript
2023 Q1
20 Apr 23
WRB
Earnings call transcript
2022 Q4
26 Jan 23
WRB
Earnings call transcript
2022 Q3
24 Oct 22
Latest ownership filings
4
JAMES G SHIEL
19 Aug 24
4
Lucille T Sgaglione
19 Aug 24
4
Richard Mark Baio
19 Aug 24
4
Philip S Welt
19 Aug 24
4
WILLIAM R BERKLEY JR
19 Aug 24
4
WILLIAM R BERKLEY
19 Aug 24
13F-HR
Quarterly holdings report by institutional manager
14 Aug 24
11-K
Annual report of employee stock purchases
25 Jun 24
4
WILLIAM R BERKLEY
12 Jun 24
4
Maria Luisa Ferre
12 Jun 24
Financial summary
Quarter (USD) | Jun 24 | Mar 24 | Dec 23 | Sep 23 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
---|---|---|---|---|---|
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) | 1.58 bn | 1.58 bn | 1.58 bn | 1.58 bn | 1.58 bn | 1.58 bn |
Cash burn (monthly) | (no burn) | 20.27 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | n/a | 76.13 mm | n/a | n/a | n/a | n/a |
Cash remaining | n/a | 1.50 bn | n/a | n/a | n/a | n/a |
Runway (months of cash) | n/a | 74.2 | n/a | n/a | n/a | n/a |
Institutional ownership, Q2 2024
46.5% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 738 |
Opened positions | 100 |
Closed positions | 95 |
Increased positions | 282 |
Reduced positions | 238 |
13F shares | Current |
---|---|
Total value | 13.20 tn |
Total shares | 177.14 mm |
Total puts | 89.00 k |
Total calls | 626.90 k |
Total put/call ratio | 0.1 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 24.04 mm | $1.89 tn |
BLK BlackRock | 15.82 mm | $1.24 tn |
MS Morgan Stanley | 13.32 mm | $1.05 tn |
STT State Street | 10.17 mm | $799.41 bn |
Kayne Anderson Rudnick Investment Management | 7.55 mm | $593.58 bn |
JHG Janus Henderson | 7.50 mm | $589.09 bn |
Geode Capital Management | 5.13 mm | $403.20 bn |
JPM JPMorgan Chase & Co. | 4.75 mm | $373.27 bn |
Victory Capital Management | 4.22 mm | $331.29 bn |
Norges Bank | 3.82 mm | $300.49 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
15 Aug 24 | Berkley William R JR | Common Stock | Payment of exercise | Dispose F | No | No | 57.75 | 5,055 | 291.93 k | 4,442,821 |
15 Aug 24 | Berkley William R JR | Common Stock | Grant | Acquire A | No | No | 0 | 120,430 | 0.00 | 4,447,876 |
15 Aug 24 | Berkley William R | Common Stock | Payment of exercise | Dispose F | No | No | 57.75 | 4,604 | 265.88 k | 17,252,917 |
15 Aug 24 | Berkley William R | Common Stock | Grant | Acquire A | No | No | 0 | 120,430 | 0.00 | 17,257,521 |
15 Aug 24 | Richard Mark Baio | Common Stock | Payment of exercise | Dispose F | No | No | 57.75 | 806 | 46.55 k | 198,793 |
15 Aug 24 | Richard Mark Baio | Common Stock | Grant | Acquire A | No | No | 0 | 17,473 | 0.00 | 199,599 |
15 Aug 24 | Philip S Welt | Common Stock | Payment of exercise | Dispose F | No | No | 57.75 | 735 | 42.45 k | 185,091 |
15 Aug 24 | Philip S Welt | Common Stock | Grant | Acquire A | No | No | 0 | 17,473 | 0.00 | 185,826 |
15 Aug 24 | James G Shiel | Common Stock | Payment of exercise | Dispose F | No | No | 57.75 | 806 | 46.55 k | 992,565 |
15 Aug 24 | James G Shiel | Common Stock | Grant | Acquire A | No | No | 0 | 17,473 | 0.00 | 993,371 |
News
Wells Fargo Maintains Overweight on WR Berkley, Raises Price Target to $68
22 Oct 24
UBS Maintains Buy on WR Berkley, Raises Price Target to $69
22 Oct 24
RBC Capital Maintains Sector Perform on WR Berkley, Raises Price Target to $63
22 Oct 24
Keefe, Bruyette & Woods Maintains Market Perform on WR Berkley, Lowers Price Target to $58
22 Oct 24
Evercore ISI Group Maintains In-Line on WR Berkley, Raises Price Target to $60
22 Oct 24
Press releases
W. R. Berkley Corporation Reports Third Quarter Results
21 Oct 24
W. R. Berkley Corporation to Announce Third Quarter 2024 Earnings on October 21, 2024
30 Sep 24
W. R. Berkley Corporation Declares Special and Regular Quarterly Cash Dividends
11 Sep 24
W. R. Berkley Corporation Names Antonio Q. L. Rhodes President of Berkley Mid-Atlantic Insurance Group
5 Sep 24