Financials · Property & Casualty Insurance · US stock · price as of 22 Oct 2026
Key indicators
Price
$75.55
52-week range
$62.87 – $78.96
Market cap
$29.6B
P/E (trailing)
15.5×
Dividend yield
2.5%
Revenue (last 12 months)
$14.9B
Revenue growth (3y a year)
9.6%
Price / book
3.0×
Return on equity
19.6%
Fair value
Fair value (average of valid models)$84.60 middle half of models $75 – $85
Versus priceFair+12% to fair value
P/E multiple
$76.22
P/B multiple
$75.56
P/S multiple
$74.68
Dividend discount, stable
$111.94
Model uncertainty
Medium
X-Ray Score
57/ 100 · Medium confidence · ahead of 70% of sector peers
Valuation62
Growth58
Profitability71
Financial health29
Dividends65
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
W. R. Berkley is an insurance holding company that sells commercial property and casualty coverage through a group of specialised operating units. Its products include liability, workers compensation, professional liability and reinsurance for businesses with particular risks. The company earns money from premiums paid by policyholders and from investment income on the funds held until claims are paid, so underwriting discipline and investment returns both matter.
Over the latest twelve months the company reported revenue of $14.9 billion, with growth of 9.6% a year across three years. It reports an operating margin of 17.0%, with return on invested capital of 27%. A dividend is paid, with a yield of 2.5%. The figures are a snapshot of reported results rather than a forecast.
StocksXray gives Berkley W R Corp an X-Ray Score of 57 out of 100 (medium confidence), ahead of 70% of the S&P 500 stocks in its sector. Its strongest lens is profitability (71) and its weakest is financial health (29).
Our fair value (the average of the valid models) is $84.60 (range $75.34 to $85.15). At $75.55 the stock trades 11% below that value, so the label is "Fair" with medium model uncertainty. Fair value is a range, not a price target.
XStocksXray
Berkley W R Corp (WRB)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2021
FY2022
FY2023
FY2024
FY2025
Now
Price
$32.99
$44.18
$44.29
$56.34
$69.31
$75.55
Market cap
$9.2B
$18.5B
$18.2B
$22.7B
$27.7B
$29.6B
P/E
9.0×
13.4×
13.1×
12.9×
15.6×
15.5×
Price / book
1.4×
2.7×
2.4×
2.7×
2.9×
3.0×
Dividend yield
4.06%
1.34%
2.91%
2.48%
2.67%
2.49%
Fundamentals checklist ● 2 Good · ● 3 Average · ● 2 Bad · each check graded against the sector
Risk models
Piotroski F-Score5 of 9Bad
Growth
EPS growth (3y)10.6%Average
Revenue growth (3y)9.6%Average
Growth consistency100%Good
Valuation
Fair value vs price1.1×Average
Profitability
Return on invested capital27.2%Good
Operating margin17.0%Bad
XStocksXray
Berkley W R Corp (WRB)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY21
FY22
FY23
FY24
FY25
LTM
Revenue
9,455
11,166
12,143
13,639
14,708
14,896
Net income
1,022
1,381
1,381
1,756
1,779
1,928
Diluted EPS ($)
3.66
3.29
3.37
4.36
4.45
4.86
Net margin
10.8%
12.4%
11.4%
12.9%
12.1%
12.9%
Balance sheet
FY21
FY22
FY23
FY24
FY25
LTM
Total assets
32,086
33,861
37,202
40,567
43,927
45,677
Cash
1,569
1,449
1,363
1,975
2,540
2,607
Total debt
–
–
–
–
–
–
Equity
6,653
6,748
7,455
8,395
9,701
9,833
Dividend per share ($)
1.34
0.59
1.29
1.40
1.85
1.87
Revenue and net income US$ billions: navy revenue, teal net income
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value is the average of up to 15 valuation models, most of them anchored to the company's own multiples, so it stays near the price and should be read as a range, not a point. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.
