W. R. Berkley Corporation (WRB) Stock

W. R. Berkley Corporation (WRB) is a Financials stock trading at $69.87 (as of 2026-07-15), with a market capitalization of $26.01B and a trailing P/E of 13.9. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

W. R. Berkley Corporation is an insurance holding company that underwrites commercial insurance and related coverage in the United States and internationally. It operates through two segments, Insurance and Reinsurance & Monoline Excess, offering a range of commercial lines products for businesses and other risk categories, including workers’ compensation, liability, property-related coverages, and excess and specialty insurance.

Understand W. R. Berkley Corporation: how it makes money

W. R. Berkley Corporation underwrites commercial insurance in the United States and internationally, and it also writes reinsurance and monoline excess coverage, generating money primarily from insurance premiums that become net premiums earned (revenue).

WRB’s profit engine is underwriting, where premiums written for its commercial lines feed into net premiums earned (revenue) over the policy period.

Revenue by segment (latest quarter)
Ins.	$3.1B
Reins & MonoExcess	$0.4B

Business quality (Mixed): Clear two-segment structure (Insurance, and Reinsurance and Monoline Excess) and a premium-based operating focus, but the provided snapshot does not include underwriting or loss metrics, so it is harder to judge drivers of profitability beyond operating margin and premium levels.

Valuation: At 15× earnings, WRB trades 19% above the Insurance average (13×). Note: one-time items can distort reported P/E.

Bull case

Commercial lines underwriting breadth: The Insurance segment underwrites multiple commercial lines, including premises operations, commercial automobile, property, products liability, general and professional liability, and workers' compensation.
Two-segment mix across underwriting types: WRB operates both an Insurance segment and a Reinsurance & Monoline Excess segment, which can help diversify its premium sources within its underwriting model.

Bear case

Insurance results depend on how written business performs: Because WRB underwrites commercial insurance and reinsurance, unfavorable loss experience in the lines it writes can pressure profitability, even if gross premium volume remains healthy.
Premium volume and timing can shift the revenue pattern: Net premiums earned (revenue) is linked to premiums written over time, so changes in premium writing or policy duration can affect reported revenue and operating performance.

Valuation — source: SEC EDGAR (first-party)
Price	$69.87
Market Cap	$26.01B
P/E Ratio	13.9
EV / EBITDA	10.1
Price / Book	2.67
Price / Sales	1.75
DCF Value (model)	$111.47
DCF Upside vs Price	59.5%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$14.71B
Net Margin	12.1%
Revenue Growth (YoY)	4.0%
EPS Growth (YoY)	24.8%

Valuation vs Sector & Industry
Stock P/E	13.9
Sector P/E (Financials)	15.3
Industry P/E (Insurance)	13.0
vs Sector	-9.2%
vs Industry	6.8%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	Mitsui Sumitomo Insurance Co Ltd ($3.90B)
Institutional Holders Tracked	10
Congressional Trades (recent)	10

Company
Sector	Financials
Industry	Insurance
CEO	William Robert Berkley Jr.
Employees	8,606
Country	US
IPO Date	1973-10-23

Related Companies (Business model: Property & Casualty Insurer; 8 closest by market cap; US-domiciled)

Data as of 2026-07-15.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.