Tearsheet

WR Berkley (WRB)

Market Price (3/15/2026): $68.72 | Market Cap: $27.3 Bil
Sector: Financials | Industry: Property & Casualty Insurance

WR Berkley (WRB)

Market Price (3/15/2026): $68.72
Market Cap: $27.3 Bil
Sector: Financials
Industry: Property & Casualty Insurance

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.1%, Dividend Yield is 2.6%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.1%, FCF Yield is 13%	Weak multi-year price returns 2Y Excs Rtn is -2.9%	Weak revenue growth Rev Chg QQuarterly Revenue Change % is -0.1%
1	Cash is significant % of market cap Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -91%
2	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 24%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 23%, CFO LTM is 3.6 Bil, FCF LTM is 3.4 Bil
3	Low stock price volatility Vol 12M is 23%
4	Megatrend and thematic drivers Megatrends include AI in Financial Services, and Sustainable Finance. Themes include AI for Fraud Detection, and ESG Investing & Green Bonds.

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.1%, Dividend Yield is 2.6%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.1%, FCF Yield is 13%
1	Cash is significant % of market cap Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -91%
2	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 24%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 23%, CFO LTM is 3.6 Bil, FCF LTM is 3.4 Bil
3	Low stock price volatility Vol 12M is 23%
4	Megatrend and thematic drivers Megatrends include AI in Financial Services, and Sustainable Finance. Themes include AI for Fraud Detection, and ESG Investing & Green Bonds.
5	Weak multi-year price returns 2Y Excs Rtn is -2.9%
6	Weak revenue growth Rev Chg QQuarterly Revenue Change % is -0.1%

Valuation, Metrics & Events

	3/15/26	2025	2024	2023	2022
Share Price CYE	$68.72	$70.12	$58.52	$47.15	$48.38
Market Cap CYE ($ Bil)	27.3	27.8	23.3	19.0	19.0
Total Debt ($ Bil)	2.8	2.8	2.8	2.8	2.8
Total Cash ($ Bil)	2.5	2.5	2.0	1.4	1.4
Enterprise Value ($ Bil)	27.6	30.6	26.1	21.8	21.8
Valuation Ratios
P/S TTM	1.9	1.9	1.7	1.6	1.7
P/EBIT TTM	11.3	11.6	9.7	10.1	10.3
P/E TTM	15.3	15.6	13.3	13.8	13.8
P/FCF TTM	8.0	8.2	6.5	6.6	7.6
Sector Ratios
P/S TTM (Sector)	3.0	3.1	3.1	2.8	2.8
P/EBIT TTM (Sector)	6.9	7.3	8.4	7.2	7.7
P/E TTM (Sector)	10.8	11.1	11.6	9.8	9.5
P/FCF TTM (Sector)	8.3	8.7	8.7	7.6	6.4

	3/15/26	2025	2024
Share Price CYE	$68.72	$70.12	$58.52
Market Cap CYE ($ Bil)	27.3	27.8	23.3
Total Debt ($ Bil)	2.8	2.8	2.8
Total Cash ($ Bil)	2.5	2.5	2.0
Enterprise Value ($ Bil)	27.6	30.6	26.1
Valuation Ratios
P/S TTM	1.9	1.9	1.7
P/EBIT TTM	11.3	11.6	9.7
P/E TTM	15.3	15.6	13.3
P/FCF TTM	8.0	8.2	6.5
Sector Ratios
P/S TTM (Sector)	3.0	3.1	3.1
P/EBIT TTM (Sector)	6.9	7.3	8.4
P/E TTM (Sector)	10.8	11.1	11.6
P/FCF TTM (Sector)	8.3	8.7	8.7

	WRB	S&P 500
REVENUE GROWTH
Rev LTM ($ Bil)	14.6
Rev Chg Q	-0.1%	7.3%
Rev Chg LTM	6.9%	6.6%
Rev Chg 3Y Avg	9.3%	5.7%
PROFITABILITY	FAIR
Op Inc LTM ($ Bil)	�
CFO LTM ($ Bil)	3.6
Net Inc LTM ($ Bil)	1.8
CFO/Rev LTM	24.5%	20.9%
Net Inc Mgn	12.2%	12.8%
VALUATION	MODERATE
P/S	1.9	3.1
P/CFO	7.6	15.3
P/FCF	8.0	20.0
P/E	15.3	24.2

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Metric	Value	Date	Source
Average rate increases excluding workers' compensation	approximately 7.6%	10202025	Link
Combined Ratio	90.9%	10202025	Link
Number of Employees	8606	1152025	Link
Number of Businesses	55 +	11052025	Link
Market Share in Property, Casualty and Direct Insurance	0.2%	11052025	Link

Recent
2/23/2026	Dividend	Amount: $0.09 Payment On: 3/04/2026
Upcoming
4/20/2026	Earnings Release	Rev: $3.0 Bil (E) EPS: $1.14 (E)

Price Chart

Return (1M):

Why The Stock Moved

Qualitative Assessment

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WR Berkley (WRB) stock has lost about 10% since 11/30/2025 because of the following key factors:

1. Q4 2025 Earnings Miss and Lowered Q1 2026 EPS Estimates.

W.R. Berkley reported fourth-quarter 2025 earnings per share (EPS) of $1.13 on January 26, 2026, slightly missing analysts' consensus estimates of $1.14 by $0.01. Following this, Zacks Research further reduced its Q1 2026 EPS estimates for the company from $1.18 to $1.15 in February and then to $1.14 in March.

2. Analyst Downgrades and Price Target Reductions.

Several financial analysts adjusted their ratings and price targets for W.R. Berkley, reflecting a more cautious outlook. Bank of America, for example, reduced its target price from $69.00 to $66.00 on January 27, 2026, while maintaining a "neutral" rating. UBS downgraded the stock from "Strong Buy" to "Hold" and lowered its price target from $87 to $78 on November 7, 2025. Additionally, TD Cowen downgraded WRB to "Sell" with a $55.00 price target on January 20, 2026.

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Stock Movement Drivers

Fundamental Drivers

The -10.0% change in WRB stock from 11/30/2025 to 3/14/2026 was primarily driven by a -6.6% change in the company's Net Income Margin (%).

(LTM values as of)	11302025	3142026	Change
Stock Price ($)	76.37	68.76	-10.0%
Change Contribution By:
Total Revenues ($ Mil)	14,645	14,640	0.0%
Net Income Margin (%)	13.0%	12.2%	-6.6%
P/E Multiple	15.9	15.3	-3.7%
Shares Outstanding (Mil)	397	397	0.1%
Cumulative Contribution			-10.0%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 3/14/2026

	Return	Correlation
WRB	-10.0%
Market (SPY)	-3.1%	-19.6%
Sector (XLF)	-8.3%	6.9%

Fundamental Drivers

The -2.3% change in WRB stock from 8/31/2025 to 3/14/2026 was primarily driven by a -3.4% change in the company's P/E Multiple.

(LTM values as of)	8312025	3142026	Change
Stock Price ($)	70.39	68.76	-2.3%
Change Contribution By:
Total Revenues ($ Mil)	14,240	14,640	2.8%
Net Income Margin (%)	12.4%	12.2%	-1.7%
P/E Multiple	15.9	15.3	-3.4%
Shares Outstanding (Mil)	397	397	0.1%
Cumulative Contribution			-2.3%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2025 to 3/14/2026

	Return	Correlation
WRB	-2.3%
Market (SPY)	3.0%	-9.1%
Sector (XLF)	-9.1%	23.3%

Fundamental Drivers

The 12.1% change in WRB stock from 2/28/2025 to 3/14/2026 was primarily driven by a 10.2% change in the company's P/E Multiple.

(LTM values as of)	2282025	3142026	Change
Stock Price ($)	61.36	68.76	12.1%
Change Contribution By:
Total Revenues ($ Mil)	13,691	14,640	6.9%
Net Income Margin (%)	12.8%	12.2%	-5.2%
P/E Multiple	13.9	15.3	10.2%
Shares Outstanding (Mil)	398	397	0.3%
Cumulative Contribution			12.1%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2025 to 3/14/2026

	Return	Correlation
WRB	12.1%
Market (SPY)	12.4%	16.6%
Sector (XLF)	-5.3%	36.6%

Fundamental Drivers

The 68.7% change in WRB stock from 2/28/2023 to 3/14/2026 was primarily driven by a 32.0% change in the company's P/E Multiple.

(LTM values as of)	2282023	3142026	Change
Stock Price ($)	40.75	68.76	68.7%
Change Contribution By:
Total Revenues ($ Mil)	11,217	14,640	30.5%
Net Income Margin (%)	12.3%	12.2%	-1.3%
P/E Multiple	11.6	15.3	32.0%
Shares Outstanding (Mil)	394	397	-0.8%
Cumulative Contribution			68.7%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2023 to 3/14/2026

	Return	Correlation
WRB	68.7%
Market (SPY)	73.4%	19.1%
Sector (XLF)	43.1%	44.2%

Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
WRB Return	27%	34%	0%	28%	23%	-3%	161%
Peers Return	39%	13%	5%	25%	14%	-6%	120%
S&P 500 Return	27%	-19%	24%	23%	16%	-1%	80%
Monthly Win Rates [3]
WRB Win Rate	50%	58%	50%	67%	67%	33%
Peers Win Rate	63%	58%	60%	65%	62%	27%
S&P 500 Win Rate	75%	42%	67%	75%	67%	33%
Max Drawdowns [4]
WRB Max Drawdown	-7%	-1%	-23%	0%	-3%	-5%
Peers Max Drawdown	-2%	-10%	-21%	-1%	-9%	-11%
S&P 500 Max Drawdown	-1%	-25%	-1%	-2%	-15%	-2%

[1] Cumulative total returns since the beginning of 2021
[2] Peers: TRV, MET, AIG, HIG, PRU. See WRB Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/13/2026 (YTD)

How Low Can It Go

Unique Key	Event	WRB	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-27.0%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	37.0%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	236 days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-45.4%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	83.3%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	382 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-14.3%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	16.7%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	146 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-47.2%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	89.5%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	1,113 days	1,480 days

Compare to TRV, MET, AIG, HIG, PRU

In The Past

WR Berkley's stock fell -27.0% during the 2022 Inflation Shock from a high on 11/30/2022. A -27.0% loss requires a 37.0% gain to breakeven.

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About WR Berkley (WRB)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

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.

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Think of it as a **Chubb**, but with an added significant reinsurance business for other insurers.
It's a diversified insurance company and reinsurer, much like the combined operations of **GEICO** and **General Re** under **Berkshire Hathaway**, but specializing in commercial and specialty lines.

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Commercial Property & Casualty Insurance: Provides various commercial insurance lines including property, automobile, general liability, and professional liability.
Workers' Compensation Insurance: Offers insurance products designed to cover workers' compensation claims.
Specialty Commercial Insurance: Includes specialized coverages for environmental risks, fine arts and jewelry, liquor liability, and inland marine.
Directors & Officers (D&O) & Professional Liability Insurance: Provides coverage for directors and officers, public officials, educators, and employment practices liability.
Umbrella & Excess Liability Insurance: Offers additional layers of liability coverage beyond primary policies.
Industry-Specific & Cyber Insurance: Develops tailored insurance solutions for technology, life sciences, travel industries, and cyber risks.
Personal Lines Insurance: Provides insurance for individuals covering homes, condominiums, automobiles, and collectibles.
Surety & Fidelity Insurance: Offers surety bonds and insurance products related to crime and fidelity.
Accident & Health Insurance: Underwrites accident and health insurance products.
Reinsurance Services: Assists other insurance companies and self-insureds in managing their net risk through treaty and facultative reinsurance.
Alternative Risk Program Management: Offers services for managing at-risk and alternative risk insurance programs.

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W. R. Berkley Corporation (WRB) primarily sells its products and services to other companies rather than individuals. Due to the broad nature of its commercial and reinsurance operations and client confidentiality, specific major customer company names are not publicly disclosed. However, its major customer categories include:

Other Insurance Companies: Through its Reinsurance & Monoline Excess segment, WRB provides treaty and facultative reinsurance to other insurance companies, assisting them in managing their net risk.
Commercial Businesses Across Various Sectors: The company's Insurance segment offers a wide array of commercial insurance products to businesses in diverse industries. This includes, but is not limited to, contractors, consultants, property owners and facilities operators (for specialty environmental products), small to medium-sized insureds (for liquor liability and inland marine), and companies within the technology, life sciences, and travel industries. They also serve businesses requiring general liability, commercial automobile, property, workers' compensation, directors and officers (D&O), surety, and cyber risk solutions.
Self-Insured Entities: In addition to other insurance companies, the Reinsurance & Monoline Excess segment also provides assistance to self-insured organizations in managing their risk exposures.

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The clear emerging threat for W. R. Berkley is the rapid advancement and proliferation of **Insurtech companies**.

These technology-driven startups and innovative firms leverage big data, artificial intelligence, machine learning, and advanced analytics to disrupt traditional insurance models. They offer new ways of underwriting risks, personalizing policies, automating claims processing, and distributing insurance products, often directly to consumers through digital platforms. This can lead to:

**Erosion of Market Share:** Insurtechs can attract customers, particularly digitally native generations, by offering more convenient, faster, and often more personalized insurance solutions.
**Competitive Pressure on Pricing and Margins:** Their lower operating costs, enabled by automation and efficient data utilization, can allow them to offer more competitive premiums, forcing traditional insurers to adapt or risk losing market share and profitability.
**Disruption of Traditional Distribution Channels:** By offering direct-to-consumer models, Insurtechs can bypass established agent and broker networks, challenging the traditional sales and distribution strategies relied upon by companies like W. R. Berkley.
**"Cherry-Picking" of Low-Risk Customers:** With sophisticated data analysis, Insurtechs may be better equipped to identify and price for lower-risk customer segments, potentially leaving traditional insurers with a higher concentration of less profitable or higher-risk profiles.

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Interactive Breakdown

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Better Bets vs. WR Berkley (WRB)

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Latest Trefis Analyses

	Title	Date
0	DASHBOARDS
1	WR Berkley Stock 6-Day Losing Spree: Stock Falls 14%	12/09/2025
2	Would You Still Hold WR Berkley Stock If It Fell Another 30%?	10/17/2025
3	Day 7 of Loss Streak for WR Berkley Stock with -6.2% Return (vs. 19% YTD) [7/11/2025]	07/12/2025
4	WRB Dip Buy Analysis	07/10/2025
5	WR Berkley Total Shareholder Return (TSR): 29.7% in 2024 and 21.5% 3-yr compounded annual returns (above peer average)	03/07/2025
6	WR Berkley (WRB) Operating Cash Flow Comparison	02/17/2025
7	WR Berkley (WRB) Net Income Comparison	02/16/2025
8	WR Berkley vs. S&P500 Correlation	10/03/2024
9	WR Berkley Price Volatility	09/24/2024
10	Fundamental Metrics: ...	06/19/2024
11	ARTICLES
12	WR Berkley Stock In Shambles: Down -14% With 6-Day Losing Streak	12/09/2025
13	S&P 500 Movers \| Winners: INTC, SNPS, APP \| Losers: WRB, PODD, BBY	12/02/2025
14	Mid Cap Stocks Trading At 52-Week High	09/30/2025
15	WRB Stock Down -6.2% after 7-Day Loss Streak	07/12/2025

	Title
0	DASHBOARDS
1	WR Berkley Stock 6-Day Losing Spree: Stock Falls 14%
2	Would You Still Hold WR Berkley Stock If It Fell Another 30%?
3	Day 7 of Loss Streak for WR Berkley Stock with -6.2% Return (vs. 19% YTD) [7/11/2025]
4	WRB Dip Buy Analysis
5	WR Berkley Total Shareholder Return (TSR): 29.7% in 2024 and 21.5% 3-yr compounded annual returns (above peer average)
6	WR Berkley (WRB) Operating Cash Flow Comparison
7	WR Berkley (WRB) Net Income Comparison
8	WR Berkley vs. S&P500 Correlation
9	WR Berkley Price Volatility
10	Fundamental Metrics: ...
11	ARTICLES
12	WR Berkley Stock In Shambles: Down -14% With 6-Day Losing Streak
13	S&P 500 Movers \| Winners: INTC, SNPS, APP \| Losers: WRB, PODD, BBY
14	Mid Cap Stocks Trading At 52-Week High
15	WRB Stock Down -6.2% after 7-Day Loss Streak

Trade Ideas

Select ideas related to WRB.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
NDAQ_2282026_Insider_Buying_45D_2Buy_200K	02282026	NDAQ	Nasdaq	Insider	Insider Buys 45DStrong Insider Buying Companies with multiple insider buys in the last 45 days	0.0%	0.0%	0.0%
JEF_2272026_Dip_Buyer_ValueBuy	02272026	JEF	Jefferies Financial	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	0.0%	0.0%	0.0%
PAYO_2272026_Dip_Buyer_High_CFO_Margins_ExInd_DE	02272026	PAYO	Payoneer Global	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	0.0%	0.0%	0.0%
FOUR_2272026_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	02272026	FOUR	Shift4 Payments	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	0.0%	0.0%	0.0%
COIN_2202026_Dip_Buyer_High_CFO_Margins_ExInd_DE	02202026	COIN	Coinbase Global	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	2.6%	2.6%	-6.5%
WRB_12262025_Insider_Buying_GTE_1Mil_EBITp+DE_V2	12262025	WRB	WR Berkley	Insider	Insider Buys \| Low D/EStrong Insider Buying Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap	1.7%	1.7%	-5.2%

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SOC	Sable Offshore	1.7	99.6%	86.6%
CRCL	Circle Internet	26.5	99.4%	45.5%
DAWN	Day One Biopharmaceuticals	2.2	89.8%	128.6%
AXTI	AXT	2.1	82.3%	198.8%
OCGN	Ocugen	0.8	75.9%	83.7%
ACLX	Arcellx	6.5	63.7%	75.4%
AMPX	Amprius Technologies	2.3	61.6%	127.5%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
GRAL	GRAIL	1.6	-57.1%	-49.7%
MNKD	MannKind	0.8	-51.7%	-51.1%
EOSE	Eos Energy Enterprises	1.6	-50.7%	-50.2%
CWH	Camping World	0.4	-49.7%	-33.6%
FWRD	Forward Air	0.5	-46.8%	-36.8%
XMTR	Xometry	1.9	-42.0%	-37.9%
RHLD	Resolute Management	0.9	-41.7%	-46.2%
QDEL	QuidelOrtho	1.2	-40.6%	-40.1%
HRI	Herc	3.6	-39.8%	-26.3%
DCH	Dauch	0.6	-39.7%	-36.9%

Peer Comparisons

Peers to compare with:

Financials

	WRB	TRV	MET	AIG	HIG	PRU	Median
Name	WR Berkl.	Traveler.	MetLife	American.	Hartford.	Prudenti.
Mkt Price	68.76	302.49	67.97	76.74	132.93	92.00	84.37
Mkt Cap	27.3	66.5	44.7	41.5	37.0	32.1	39.3
Rev LTM	14,640	48,828	75,611	26,774	28,071	60,967	38,450
Op Inc LTM	-	-	-	-	-	-	-
FCF LTM	3,413	10,606	17,092	3,314	5,753	6,271	6,012
FCF 3Y Avg	3,287	9,130	15,137	4,277	5,165	7,094	6,130
CFO LTM	3,583	10,606	17,092	3,314	5,922	6,271	6,096
CFO 3Y Avg	3,397	9,130	15,137	4,277	5,350	7,094	6,222

Growth & Margins

	WRB	TRV	MET	AIG	HIG	PRU	Median
Name	WR Berkl.	Traveler.	MetLife	American.	Hartford.	Prudenti.
Rev Chg LTM	6.9%	5.2%	7.6%	-1.8%	6.4%	-13.7%	5.8%
Rev Chg 3Y Avg	9.3%	9.8%	3.9%	-3.3%	8.7%	3.9%	6.3%
Rev Chg Q	-0.1%	3.5%	25.0%	-8.6%	5.6%	24.1%	4.5%
QoQ Delta Rev Chg LTM	-0.0%	0.9%	6.6%	-2.2%	1.4%	5.2%	1.1%
Op Mgn LTM	-	-	-	-	-	-	-
Op Mgn 3Y Avg	-	-	-	-	-	-	-
QoQ Delta Op Mgn LTM	-	-	-	-	-	-	-
CFO/Rev LTM	24.5%	21.7%	22.6%	12.4%	21.1%	10.3%	21.4%
CFO/Rev 3Y Avg	25.2%	20.0%	21.2%	14.6%	20.3%	11.4%	20.1%
FCF/Rev LTM	23.3%	21.7%	22.6%	12.4%	20.5%	10.3%	21.1%
FCF/Rev 3Y Avg	24.4%	20.0%	21.2%	14.6%	19.6%	11.4%	19.8%

Valuation

	WRB	TRV	MET	AIG	HIG	PRU	Median
Name	WR Berkl.	Traveler.	MetLife	American.	Hartford.	Prudenti.
Mkt Cap	27.3	66.5	44.7	41.5	37.0	32.1	39.3
P/S	1.9	1.4	0.6	1.6	1.3	0.5	1.3
P/EBIT	11.3	8.1	7.8	9.7	7.5	-	8.1
P/E	15.3	10.6	13.2	13.4	9.7	9.0	11.9
P/CFO	7.6	6.3	2.6	12.5	6.3	5.1	6.3
Total Yield	9.1%	10.2%	10.9%	9.8%	12.0%	17.1%	10.6%
Dividend Yield	2.6%	0.7%	3.4%	2.4%	1.6%	6.0%	2.5%
FCF Yield 3Y Avg	14.2%	17.0%	28.9%	9.2%	16.6%	17.9%	16.8%
D/E	0.1	0.1	0.5	0.2	0.1	0.7	0.2
Net D/E	-0.9	-1.3	-2.2	-0.7	-0.5	-1.6	-1.1

Returns

	WRB	TRV	MET	AIG	HIG	PRU	Median
Name	WR Berkl.	Traveler.	MetLife	American.	Hartford.	Prudenti.
1M Rtn	-3.9%	2.1%	-12.1%	-2.6%	-5.9%	-10.5%	-4.9%
3M Rtn	0.9%	6.4%	-16.7%	-9.6%	-1.3%	-20.3%	-5.5%
6M Rtn	-5.1%	9.3%	-14.7%	-1.7%	1.2%	-11.6%	-3.4%
12M Rtn	11.6%	17.8%	-13.0%	-5.7%	13.7%	-10.7%	3.0%
3Y Rtn	84.9%	92.0%	32.5%	71.1%	115.4%	33.4%	78.0%
1M Excs Rtn	-1.4%	3.9%	-11.5%	0.2%	-3.6%	-9.0%	-2.5%
3M Excs Rtn	5.1%	10.7%	-12.6%	-3.7%	4.1%	-17.1%	0.2%
6M Excs Rtn	-7.9%	6.2%	-17.0%	-4.3%	-2.2%	-14.6%	-6.1%
12M Excs Rtn	-6.3%	0.9%	-32.6%	-23.5%	-4.3%	-29.7%	-14.9%
3Y Excs Rtn	1.5%	11.0%	-59.2%	-26.7%	21.3%	-56.9%	-12.6%

FDIC Bank Data

Bank Capital

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Bank Deposits

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Bank Assets

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Bank Loans

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FDA Approved Drugs Data

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Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2025	2024	2023	2022	2021	2020
Period End	12/31/2025	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020
Filing Date	2/27/2026	2/27/2026	2/24/2025	2/23/2024	2/24/2023	2/24/2022	2/18/2021
Key Financials
Total Revenue	14,640	14,640	13,691	12,111	11,217	9,481	8,099
Net Income	1,779	1,779	1,756	1,381	1,381	1,022	531
EPS	4.48	4.48	4.39	3.40	3.33	2.46	1.26
Growth Rates
Total Revenue Growth	6.9%	6.9%	13.0%	8.0%	18.3%	17.1%	2.1%
Net Income Growth	1.3%	1.3%	27.1%	0.0%	35.1%	92.7%	-22.2%
Margins
Net Income Margin	12.2%	12.2%	12.8%	11.4%	12.3%	10.8%	6.6%
Cash & Debt
Total Cash	27,557	27,557	24,328	21,488	18,985	18,172	16,532
Total Debt	2,840	2,840	2,841	2,837	2,837	3,267	2,725
Net Debt / (Cash)	-24,717	-24,717	-21,487	-18,651	-16,148	-14,904	-13,806
Cash Flows
Net Cash from Operations	3,583	3,583	3,678	2,929	2,569	2,184	1,617
Free Cash from Operations	3,413	3,413	3,573	2,876	2,516	2,117	1,579
Returns to Shareholders
Dividends	700	700	532	501	235	356	84
Share Repurchases	270	270	304	537	94	122	346

$ Mil \| FY: 12/31	2025Q4	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1
Period End	12/31/2025	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023
Filing Date	2/27/2026	11/3/2025	8/4/2025	5/2/2025	2/24/2025	11/4/2024	8/2/2024	5/3/2024	2/23/2024	11/3/2023	8/3/2023	5/4/2023
Key Financials Quarterly
Total Revenue	3,716	3,780	3,615	3,528	3,721	3,376	3,324	3,270	3,188	3,053	2,985	2,886
Net Income	450	511	401	418	576	366	372	442	397	334	356	294
EPS	1.13	1.29	1.01	1.05	1.45	0.92	0.93	1.10	0.99	0.83	0.88	0.71
Key Financials TTM
Total Revenue TTM	14,640	14,645	14,240	13,949	13,691	13,158	12,835	12,496	12,111	11,903	11,615	11,183
Net Income TTM	1,779	1,906	1,761	1,731	1,756	1,577	1,545	1,530	1,381	1,366	1,262	1,085
Growth Rates Quarterly
Total Revenue Growth	-0.1%	12.0%	8.8%	7.9%	16.7%	10.6%	11.4%	13.3%	7.0%	10.4%	16.9%	-1.2%
Net Income Growth	-22.0%	39.8%	7.9%	-5.6%	45.0%	9.6%	4.4%	50.4%	4.0%	45.7%	98.7%	-50.2%
Margins Quarterly
Net Income Margin	12.1%	13.5%	11.1%	11.8%	15.5%	10.8%	11.2%	13.5%	12.5%	10.9%	11.9%	10.2%
Cash & Debt
Total Cash	27,557	27,322	26,048	25,296	24,328	24,193	22,619	22,080	21,488	20,629	19,827	19,333
Total Debt	2,840	2,840	2,842	2,843	2,841	2,837	2,838	2,837	2,837	2,837	2,836	2,837
Net Debt / (Cash)	-24,717	-24,482	-23,206	-22,453	-21,487	-21,356	-19,782	-19,243	-18,651	-17,792	-16,991	-16,497
Cash Flows Quarterly
FCF from Operations	995	1,140	704	744	810	1,241	881	746	698	1,077	709	445
Cash Flows TTM
FCF from Operations TTM	3,583	3,398	3,498	3,676	3,678	3,566	3,403	3,230	2,929	3,026	2,717	2,536
Returns to Shareholders Quarterly
Dividends	412	34	224	30	220	126	158	28	315	0	28	159
Share Repurchases	196	25	-0	49	67	12	224	-0	107	3	292	135
Return on Invested Capital (ROIC) Quarterly
ROIC	-	-	-	-	-	-	-	-	-	-	-	-
Return on Invested Capital (ROIC) TTM
ROIC TTM	-	-	-	-	-	-	-	-	-	-	-	-

Segment Financials

Assets by Segment

$ Mil	2025	2024	2023	2022	2021
Insurance	32,912	29,923	27,012	24,404	21,702
Reinsurance & Monoline Excess	5,670	5,545	5,196	4,918	4,654
Corporate, other and eliminations	1,867	1,643	1,607	2,726	2,215
Total	40,449	37,112	33,815	32,048	28,572

Price Behavior

Price Behavior

Market Price	$68.76
Market Cap ($ Bil)	27.3
First Trading Date	09/07/1984
Distance from 52W High	-10.9%
	50 Days	200 Days
DMA Price	$69.49	$70.88
DMA Trend	indeterminate	indeterminate
Distance from DMA	-1.1%	-3.0%
	3M	1YR
Volatility	20.2%	23.3%
Downside Capture	-50.65	-5.19
Upside Capture	-53.95	7.24
Correlation (SPY)	-22.9%	16.9%

WRB Betas & Captures as of 2/28/2026

	1M	2M	3M	6M	1Y	3Y
Beta	-0.55	-0.37	-0.20	-0.12	0.22	0.29
Up Beta	-0.14	-0.07	0.40	0.44	0.40	0.41
Down Beta	0.21	0.14	0.03	-0.02	0.21	0.20
Up Capture	-53%	-59%	-59%	-20%	9%	11%
Bmk +ve Days	9	20	31	70	142	431
Stock +ve Days	12	19	29	71	138	412
Down Capture	-138%	-83%	-29%	-46%	-5%	37%
Bmk -ve Days	12	21	30	54	109	320
Stock -ve Days	8	21	31	52	112	334

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Based On 1-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with WRB
WRB	14.8%	23.3%	0.52	-
Sector ETF (XLF)	3.6%	19.3%	0.06	36.1%
Equity (SPY)	19.6%	18.9%	0.81	16.6%
Gold (GLD)	71.9%	26.3%	2.05	2.9%
Commodities (DBC)	19.3%	17.3%	0.89	4.6%
Real Estate (VNQ)	6.2%	16.3%	0.19	36.2%
Bitcoin (BTCUSD)	-15.3%	44.2%	-0.25	-1.7%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with WRB
WRB	18.7%	22.6%	0.72	-
Sector ETF (XLF)	9.3%	18.7%	0.38	53.5%
Equity (SPY)	13.1%	17.0%	0.61	31.7%
Gold (GLD)	24.1%	17.3%	1.14	0.7%
Commodities (DBC)	11.2%	19.0%	0.47	10.0%
Real Estate (VNQ)	4.8%	18.8%	0.16	33.7%
Bitcoin (BTCUSD)	6.3%	56.7%	0.33	5.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 10-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with WRB
WRB	18.7%	24.4%	0.71	-
Sector ETF (XLF)	12.5%	22.2%	0.52	67.8%
Equity (SPY)	14.5%	17.9%	0.70	53.9%
Gold (GLD)	14.4%	15.6%	0.77	-1.0%
Commodities (DBC)	8.6%	17.6%	0.40	18.6%
Real Estate (VNQ)	5.6%	20.7%	0.23	54.9%
Bitcoin (BTCUSD)	67.4%	66.8%	1.07	8.0%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date	2272026
Short Interest: Shares Quantity	20.2 Mil
Short Interest: % Change Since 2152026	0.4%
Average Daily Volume	2.2 Mil
Days-to-Cover Short Interest	9.0 days
Basic Shares Quantity	396.7 Mil
Short % of Basic Shares	5.1%

Returns Analyses

	Title
0	Would You Still Hold WR Berkley Stock If It Fell Another 30%?
1	WR Berkley Stock Return Comparison
2	WR Berkley Total Shareholder Return (TSR): 33.7% in 2022 and 18.0% 3-yr returns (above peer average)

Earnings Returns History

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	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
1/26/2026	0.5%	1.3%	7.2%
10/20/2025	2.1%	2.4%	5.5%
7/21/2025	1.1%	0.3%	5.5%
4/21/2025	5.2%	5.0%	9.2%
1/27/2025	0.2%	0.5%	3.7%
10/21/2024	-4.1%	-4.3%	-1.4%
7/22/2024	0.8%	4.1%	10.7%
4/23/2024	-5.2%	-7.3%	-5.0%
...
SUMMARY STATS
# Positive	11	13	18
# Negative	13	11	6
Median Positive	3.0%	2.5%	5.5%
Median Negative	-2.9%	-2.8%	-5.2%
Max Positive	7.2%	9.3%	13.1%
Max Negative	-9.2%	-8.8%	-9.0%

	Forward Returns
1/26/2026	0.5%	1.3%	7.2%
10/20/2025	2.1%	2.4%	5.5%
7/21/2025	1.1%	0.3%	5.5%
4/21/2025	5.2%	5.0%	9.2%
1/27/2025	0.2%	0.5%	3.7%
10/21/2024	-4.1%	-4.3%	-1.4%
7/22/2024	0.8%	4.1%	10.7%
4/23/2024	-5.2%	-7.3%	-5.0%
1/24/2024	7.2%	5.4%	9.8%
10/23/2023	6.2%	6.1%	13.1%
7/20/2023	-0.1%	1.4%	0.5%
4/20/2023	-9.2%	-8.8%	-9.0%
1/26/2023	-2.9%	-6.6%	-7.1%
10/24/2022	-4.8%	2.5%	2.2%
7/21/2022	-2.7%	-4.0%	5.0%
4/25/2022	-0.9%	-2.5%	1.3%
1/27/2022	4.1%	9.3%	11.0%
10/21/2021	4.3%	2.6%	1.8%
7/22/2021	-0.5%	-2.2%	1.6%
4/20/2021	-0.1%	-0.1%	-2.4%
1/26/2021	-5.1%	-1.5%	7.4%
10/20/2020	3.0%	-2.8%	9.0%
7/21/2020	-0.1%	-2.8%	-5.3%
4/21/2020	-3.9%	1.3%	0.1%
SUMMARY STATS
# Positive	11	13	18
# Negative	13	11	6
Median Positive	3.0%	2.5%	5.5%
Median Negative	-2.9%	-2.8%	-5.2%
Max Positive	7.2%	9.3%	13.1%
Max Negative	-9.2%	-8.8%	-9.0%

SEC Filings

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Report Date	Filing Date	Filing
12/31/2025	02/27/2026	10-K
09/30/2025	11/03/2025	10-Q
06/30/2025	08/04/2025	10-Q
03/31/2025	05/02/2025	10-Q
12/31/2024	02/24/2025	10-K
09/30/2024	11/04/2024	10-Q
06/30/2024	08/02/2024	10-Q
03/31/2024	05/03/2024	10-Q
12/31/2023	02/23/2024	10-K
09/30/2023	11/03/2023	10-Q
06/30/2023	08/03/2023	10-Q
03/31/2023	05/04/2023	10-Q
12/31/2022	02/24/2023	10-K
09/30/2022	11/04/2022	10-Q
06/30/2022	08/02/2022	10-Q
03/31/2022	05/03/2022	10-Q

Insider Activity

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#	Owner	Holding	Action	Filing Date	Price	Shares	Transacted Value	Value of Held Shares	Form
1	Mitsui, Sumitomo Insurance Co Ltd	Direct	Buy	1072026	70.59	200,930	14,183,845	3,597,681,368	Form
2	Mitsui, Sumitomo Insurance Co Ltd	Direct	Buy	1072026	70.05	215,288	15,080,818	3,585,166,112	Form
3	Mitsui, Sumitomo Insurance Co Ltd	Direct	Buy	1072026	68.50	265,000	18,151,585	3,523,836,570	Form
4	Mitsui, Sumitomo Insurance Co Ltd	Direct	Buy	1022026	70.83	205,000	14,519,822	3,562,421,400	Form
5	Mitsui, Sumitomo Insurance Co Ltd	Direct	Buy	1022026	70.27	230,000	16,160,996	3,550,255,401	Form

Collapse to Preview

#	Owner	Holding	Action	Filing Date	Price	Shares	Transacted Value	Value of Held Shares	Form
1	Mitsui, Sumitomo Insurance Co Ltd	Direct	Buy	1072026	70.59	200,930	14,183,845	3,597,681,368	Form
2	Mitsui, Sumitomo Insurance Co Ltd	Direct	Buy	1072026	70.05	215,288	15,080,818	3,585,166,112	Form
3	Mitsui, Sumitomo Insurance Co Ltd	Direct	Buy	1072026	68.50	265,000	18,151,585	3,523,836,570	Form
4	Mitsui, Sumitomo Insurance Co Ltd	Direct	Buy	1022026	70.83	205,000	14,519,822	3,562,421,400	Form
5	Mitsui, Sumitomo Insurance Co Ltd	Direct	Buy	1022026	70.27	230,000	16,160,996	3,550,255,401	Form
6	Mitsui, Sumitomo Insurance Co Ltd	Direct	Buy	1022026	69.35	237,734	16,486,306	3,520,383,633	Form
7	Mitsui, Sumitomo Insurance Co Ltd	Direct	Buy	12292025	70.32	234,573	16,494,677	3,476,974,010	Form
8	Mitsui, Sumitomo Insurance Co Ltd	Direct	Buy	12292025	70.51	220,000	15,512,046	3,501,950,924	Form
9	Mitsui, Sumitomo Insurance Co Ltd	Direct	Buy	12292025	70.56	220,000	15,522,760	3,519,892,443	Form
10	Mitsui, Sumitomo Insurance Co Ltd	Direct	Buy	12292025	70.77	205,000	14,508,383	3,545,106,471	Form
11	Mitsui, Sumitomo Insurance Co Ltd	Direct	Buy	12222025	69.38	204,350	14,178,110	3,386,229,187	Form
12	Mitsui, Sumitomo Insurance Co Ltd	Direct	Buy	12222025	69.50	204,000	14,178,612	3,406,337,721	Form
13	Mitsui, Sumitomo Insurance Co Ltd	Direct	Buy	12222025	70.26	202,000	14,191,649	3,457,418,482	Form
14	Mitsui, Sumitomo Insurance Co Ltd	Direct	Buy	1162026	68.90	235,000	16,191,206	3,648,981,461	Form
15	Mitsui, Sumitomo Insurance Co Ltd	Direct	Buy	1162026	68.18	300,000	20,453,594	3,631,297,279	Form
16	Mitsui, Sumitomo Insurance Co Ltd	Direct	Buy	1142026	68.73	256,041	17,598,825	3,585,977,025	Form
17	Mitsui, Sumitomo Insurance Co Ltd	Direct	Buy	1142026	68.03	325,000	22,109,697	3,571,328,586	Form
18	Mitsui, Sumitomo Insurance Co Ltd	Direct	Buy	1142026	69.19	230,000	15,914,286	3,648,281,044	Form
19	Mitsui, Sumitomo Insurance Co Ltd	Direct	Buy	1212026	67.80	310,000	21,017,381	3,632,041,008	Form
20	Mitsui, Sumitomo Insurance Co Ltd	Direct	Buy	1212026	67.48	320,000	21,594,637	3,636,773,382	Form
21	Mitsui, Sumitomo Insurance Co Ltd	Direct	Buy	1232026	67.45	330,000	22,258,665	3,657,267,556	Form
22	Mitsui, Sumitomo Insurance Co Ltd	Direct	Buy	1232026	66.96	368,000	24,639,827	3,655,097,612	Form
23	Mitsui, Sumitomo Insurance Co Ltd	Direct	Buy	1282026	67.07	370,000	24,814,537	3,685,931,475	Form
24	Mitsui, Sumitomo Insurance Co Ltd	Direct	Buy	1282026	67.42	350,000	23,597,870	3,729,104,321	Form
25	Mitsui, Sumitomo Insurance Co Ltd	Direct	Buy	1282026	67.61	308,931	20,885,282	3,760,084,668	Form
26	Mitsui, Sumitomo Insurance Co Ltd	Direct	Buy	1302026	68.13	290,000	19,756,938	3,808,894,801	Form
27	Mitsui, Sumitomo Insurance Co Ltd	Direct	Buy	1302026	68.36	195,000	13,330,414	3,835,292,530	Form
28	Mitsui, Sumitomo Insurance Co Ltd	Direct	Buy	2042026	67.75	250,221	16,951,437	3,817,726,871	Form
29	Mitsui, Sumitomo Insurance Co Ltd	Direct	Buy	2042026	68.64	40,000	2,745,402	3,870,580,963	Form
30	Mitsui, Sumitomo Insurance Co Ltd	Direct	Buy	2042026	70.20	25,000	1,755,059	3,960,722,883	Form
31	Mitsui, Sumitomo Insurance Co Ltd	Direct	Buy	2062026	71.10	20,000	1,422,028	4,012,866,499	Form
32	Mitsui, Sumitomo Insurance Co Ltd	Direct	Buy	2062026	70.66	20,000	1,413,224	3,989,435,238	Form
33	Mitsui, Sumitomo Insurance Co Ltd	Direct	Buy	2112026	69.38	40,000	2,775,207	3,919,886,026	Form
34	Mitsui, Sumitomo Insurance Co Ltd	Direct	Buy	2112026	69.38	33,966	2,356,691	3,922,449,577	Form
35	Mitsui, Sumitomo Insurance Co Ltd	Direct	Buy	2112026	70.59	24,030	1,696,255	3,992,280,298	Form
36	Mitsui, Sumitomo Insurance Co Ltd	Direct	Buy	2132026	71.99	20,000	1,439,720	4,072,728,219	Form
37	Mitsui, Sumitomo Insurance Co Ltd	Direct	Buy	2132026	69.88	20,000	1,397,532	3,954,780,671	Form
38	Mitsui, Sumitomo Insurance Co Ltd	Direct	Buy	2182026	71.19	281,386	20,032,854	4,049,346,598	Form
39	Mitsui, Sumitomo Insurance Co Ltd	Direct	Buy	2182026	70.64	285,000	20,133,638	4,038,245,333	Form
40	Mitsui, Sumitomo Insurance Co Ltd	Direct	Buy	2202026	70.65	345,000	24,374,515	4,062,987,099	Form
41	Mitsui, Sumitomo Insurance Co Ltd	Direct	Buy	2202026	70.80	160,582	11,369,944	4,083,203,572	Form
42	Mitsui, Sumitomo Insurance Co Ltd	Direct	Buy	3032026	72.92	146,000	10,645,747	4,277,860,288	Form
43	Mitsui, Sumitomo Insurance Co Ltd	Direct	Buy	3032026	72.20	112,176	8,099,258	4,244,027,425	Form
44	Mitsui, Sumitomo Insurance Co Ltd	Direct	Buy	2272026	71.67	153,000	10,965,352	4,183,695,686	Form
45	Mitsui, Sumitomo Insurance Co Ltd	Direct	Buy	2272026	71.63	147,000	10,528,963	4,191,692,989	Form
46	Mitsui, Sumitomo Insurance Co Ltd	Direct	Buy	2252026	71.15	220,000	15,652,150	4,118,551,523	Form
47	Mitsui, Sumitomo Insurance Co Ltd	Direct	Buy	2252026	70.81	164,786	11,668,072	4,110,612,113	Form
48	Mitsui, Sumitomo Insurance Co Ltd	Direct	Buy	2252026	71.42	168,868	12,061,210	4,158,461,554	Form

WRB Trade Sentinel

Stock Conviction

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CONVICTION RATIONALE

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STOCK ARCHETYPE

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INVESTMENT THESIS

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Mechanism: null

Supporting Evidence:

PRIMARY RISK

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Mechanism: null

Supporting Evidence:

Key KPI Watchlist

KPI	Threshold	Rationale

Core Investment Debate

BULL VIEW

CORE TENSION

PREVAILING SENTIMENT

BEAR VIEW

Next 6 months: Risks and Catalysts

Timeline	Event & Metric To Watch

Key Events in Last 6 Months

Date	Event	Stock Impact

Risk Management

Position Sizing

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Diversification Alternatives

How Is The Market Pricing WRB?

What will confirm the thesis

What will damage the thesis

Noise: Real but irrelevant to thesis

Repricing Catalyst

What WRB Makes & Who Pays

TTM figures based on

WRB Evolution: Price Return by Era

① Structure

② Volume / Momentum

③ Catalyst

Combined Score

0 / 12

1 Price Structure & Trend · ▾

2 Momentum ▾

3 Relative Strength vs. SPY ▾

4 Institutional Footprint & Volume ▾

5 Volatility ▾

6 Key Price Levels Range · Vol ▾

7 Earnings Reaction History ▾

8 How the Verdict Is Derived Three Pillars ▾

Pillar	Score
① Structure	0
② Vol / Mom	0
③ Catalyst	0

ℹ Bull Pillars: 0 · Bear Pillars: 0 · Combined Score: 0 →

Industry Resources

Financials Resources

Federal Reserve Economic Data

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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WR Berkley (WRB)

Market Price (3/15/2026): $68.72 | Market Cap: $27.3 BilSector: Financials | Industry: Property & Casualty Insurance

WR Berkley (WRB)

Market Price (3/15/2026): $68.72Market Cap: $27.3 BilSector: FinancialsIndustry: Property & Casualty Insurance

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

Stock Movement Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Return vs. Risk

Price Returns Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

About WR Berkley (WRB)

Interactive Breakdown

Better Bets vs. WR Berkley (WRB)

Latest Trefis Analyses

Trade Ideas

Recent Active Movers

Top Gainers

Top Losers

Top Gainers

Top Losers

Top Gainers

Top Losers

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons

Financials

Growth & Margins

Valuation

Returns

Comparison Analyses

FDIC Bank Data

Bank Capital

Bank Deposits

Bank Assets

Bank Loans

FDA Approved Drugs Data

Financials

Segment Financials

Price Behavior

Based On 1-Year Data

Based On 5-Year Data

Based On 10-Year Data

Short Interest

Returns Analyses

Earnings Returns History

SEC Filings

Insider Activity

WRB Trade Sentinel

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CONVICTION RATIONALE

STOCK ARCHETYPE

INVESTMENT THESIS

PRIMARY RISK

BULL VIEW

CORE TENSION

PREVAILING SENTIMENT

BEAR VIEW

Position Sizing

null

Diversification Alternatives

Repricing Catalyst

Industry Resources

External Quote Links

Market Price (3/15/2026): $68.72 | Market Cap: $27.3 Bil
Sector: Financials | Industry: Property & Casualty Insurance

Market Price (3/15/2026): $68.72
Market Cap: $27.3 Bil
Sector: Financials
Industry: Property & Casualty Insurance