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W. R. Berkley Corporation (WRB)
NYSE:WRB
Earnings Data
Report Date
Apr 27, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.16Last Year’s EPS
1.01Same Quarter Last Year
Based on 14 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a largely positive operational and financial picture: record earnings, underwriting income, premium volumes, strong investment income, cash flows and disciplined capital returns drove robust ROE and book value gains. That said, management highlighted material industry challenges — notably prolonged auto liability weakness, aggressive property/cat reinsurance pricing (including a 19% treaty rate decrease), pressure in certain professional lines, a one-off investment fund loss, and the prospect of near-term spending on technology. Management presents confidence in their ability to navigate competition and invest for the future while protecting margins, but acknowledged pockets of market stress to monitor.Company Guidance
Record Quarterly Operating Earnings
Operating earnings of $450 million ($1.13 per share) in Q4, up 9.5% year-over-year, producing a 21.4% return on beginning of year equity.
Record Underwriting Profit
Record quarterly pretax underwriting income of $338 million, an improvement of 14.9% versus prior year; current accident year pretax underwriting strength contributed materially.
Strong Premium Volumes
Record full-year gross and net premiums written of $15.1 billion and $12.7 billion, respectively; record net premiums earned for the quarter of $3.2 billion.
Healthy Combined Ratios
Current accident year combined ratio excluding catastrophes of 87.9% for the quarter and calendar year combined ratio of 89.4%; current accident year loss ratio excluding cats was 59.7% for the quarter.
Catastrophe Loss Improvement
Current accident year catastrophe losses in the quarter declined to $48 million, equivalent to 1.5 loss ratio points.
Investment Asset Growth and Income
Invested assets grew 11.4% during 2025 to $33.2 billion; investment income attributable to fixed maturities rose 13.3% quarter-over-quarter to $346 million; pretax net investment income for the quarter was $338 million.
Strong Operating Cash Flow and Liquidity
Operating cash flows of nearly $1.0 billion in the quarter and $3.6 billion for the full year, supporting higher investable assets and flexibility to deploy capital.
Capital Return and Balance Sheet Strength
Returned $608 million of capital in Q4 (special and regular dividends of $412 million and repurchases of $196 million); total capital returned in 2025 was $971 million (>10% of shareholders' equity); stockholders' equity grew 15.6% and financial leverage was a low 22.6%.
Outstanding Full-Year Financials
Full-year 2025: underwriting income $1.2 billion, net investment income $1.4 billion, operating income $1.7 billion and net income $1.8 billion. Book value per share growth of 26.7% before and 16.4% after dividends and repurchases.
Operational Efficiency and Expense Targets
Quarterly expense ratio improved to 28.2% (driven by record premiums earned and operational efficiencies), with management expecting expense ratio to remain comfortably below 30% in 2026.
WRB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
WRB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 26, 2026 | $66.88 | $67.23 | +0.52% |
Oct 20, 2025 | $72.32 | $73.82 | +2.07% |
Jul 21, 2025 | $66.65 | $67.38 | +1.09% |
Apr 21, 2025 | $65.66 | $69.09 | +5.23% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does W. R. Berkley Corporation (WRB) report earnings?
W. R. Berkley Corporation (WRB) is schdueled to report earning on Apr 27, 2026, After Close (Confirmed).
What is W. R. Berkley Corporation (WRB) earnings time?
W. R. Berkley Corporation (WRB) earnings time is at Apr 27, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WRB EPS forecast?
WRB EPS forecast for the fiscal quarter 2026 (Q1) is 1.16.