Revenue
3.72 billion USD
2026 Q2 · USD
Exact inputs and evidence
- Revenue: 3716119000 USD Source
Fundies. English
BERKLEY W R CORP
EDGARAnnual consolidated revenue for 2025: about USD 14.71B, using the latest reported figures. The previous period, 2024, was about USD 13.64B.
Latest quarter
Net margin
12.17%
2026 Q2 · %
Operating cash flow
800 million USD
2026 Q2 · USD
- Cash and cash equivalents
- 2.61 billion USD Source
Exact value
2606530000 USD
- Long-term debt including current maturities
- Not available
- Shares outstanding
- 371 million shares Source
Exact value
371057782 shares
Reported share-count change
-2.20% · -8.33 million shares
Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.
Trailing twelve months
The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.
Revenue
14.9 billion USD
2025-07-01 – 2026-06-30
Exact inputs and evidence
Net income
1.93 billion USD
2025-07-01 – 2026-06-30
Exact inputs and evidence
Operating cash flow
3.6 billion USD
2025-07-01 – 2026-06-30
Exact inputs and evidence
- Operating cash flow: 2587484000 USD · 2025-01-01 – 2025-09-30 Source
- Operating cash flow: 1447624000 USD · 2025-01-01 – 2025-06-30 Source
- Operating cash flow: 3582616000 USD · 2025-01-01 – 2025-12-31 Source
- Operating cash flow: 2587484000 USD · 2025-01-01 – 2025-09-30 Source
- Operating cash flow: 667857000 USD · 2026-01-01 – 2026-03-31 Source
- Operating cash flow: 1467904000 USD · 2026-01-01 – 2026-06-30 Source
- Operating cash flow: 667857000 USD · 2026-01-01 – 2026-03-31 Source
Includes later revisions to earlier periods. Annual charts exclude incomplete years.
Latest filing recorded: 2026-10-19.
Financial data available through: 2025-12-31.
Coverage by financial measure
- Revenue: 11 of 11 periods available· newest 2025-12-31
- operating income: No compatible figures in this window
- Net income: 11 of 11 periods available· newest 2025-12-31
- Operating cash flow: 11 of 11 periods available· newest 2025-12-31
- Capital expenditure: 5 of 11 periods available· newest 2019-12-31
- Total assets: 11 of 11 periods available· newest 2025-12-31
- Total liabilities: 11 of 11 periods available· newest 2025-12-31
- current assets: No compatible figures in this window
- current liabilities: No compatible figures in this window
- Cash and cash equivalents: 11 of 11 periods available· newest 2025-12-31
- long term debt: No compatible figures in this window
- Shares outstanding: 11 of 11 periods available· newest 2025-12-31
Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.
What changed year over year
Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.
Revenue
+7.8%Prior period
USD 13.64 billion
–
Current period
USD 14.71 billion
–
Exact inputs and evidence
14707856000 − 13638752000 = 1069104000 USD
13638752000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source14707856000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Net income
+1.3%Prior period
USD 1.76 billion
–
Current period
USD 1.78 billion
–
Exact inputs and evidence
1779403000 − 1756115000 = 23288000 USD
1756115000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source1779403000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Operating cash flow
-2.6%Prior period
USD 3.68 billion
–
Current period
USD 3.58 billion
–
Exact inputs and evidence
3582616000 − 3678368000 = -95752000 USD
3678368000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source3582616000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Comparable inputs unavailable for: Capital expenditure.
Where revenue goes
How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.
2025 2025-01-01 – 2025-12-31
- Revenue USD 14.71 billion 100% of revenue
- Operating costs Derived Unavailable An input is unavailable.
- Operating income Unavailable An input is unavailable.
- Tax, interest and other Derived Unavailable An input is unavailable.
- Net income USD 1.78 billion 12% of revenue
Cash
- Operating cash flow USD 3.58 billion 24% of revenue
- Capital expenditure Unavailable An input is unavailable.
- Free cash flow Derived Unavailable An input is unavailable.
Share of revenue by period
- Net income
- Tax, interest and other
- Operating costs
- 2016 Not shown: operating income or net income is not reported.
- 2017 Not shown: operating income or net income is not reported.
- 2018 Not shown: operating income or net income is not reported.
- 2019 Not shown: operating income or net income is not reported.
- 2020 Not shown: operating income or net income is not reported.
- 2021 Not shown: operating income or net income is not reported.
- 2022 Not shown: operating income or net income is not reported.
- 2023 Not shown: operating income or net income is not reported.
- 2024 Not shown: operating income or net income is not reported.
- 2025 Not shown: operating income or net income is not reported.
Values and sources
| Period | Revenue | Operating costs | Operating income | Tax, interest and other | Net income | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| 2016 2016-01-01 – 2016-12-31 | 7654184000 | Unavailable | Unavailable | Unavailable | 601916000 | 797547000 Derived | Source
|
| 2017 2017-01-01 – 2017-12-31 | 7684764000 | Unavailable | Unavailable | Unavailable | 549094000 | 595164000 Derived | Source
|
| 2018 2018-01-01 – 2018-12-31 | 7691651000 | Unavailable | Unavailable | Unavailable | 640749000 | 570339000 Derived | Source
|
| 2019 2019-01-01 – 2019-12-31 | 7902196000 | Unavailable | Unavailable | Unavailable | 681944000 | 1083336000 Derived | Source
|
| 2020 2020-01-01 – 2020-12-31 | 8098925000 | Unavailable | Unavailable | Unavailable | 530670000 | Unavailable | Source
|
| 2021 2021-01-01 – 2021-12-31 | 9455466000 | Unavailable | Unavailable | Unavailable | 1022490000 | Unavailable | Source
|
| 2022 2022-01-01 – 2022-12-31 | 11166499000 | Unavailable | Unavailable | Unavailable | 1381062000 | Unavailable | Source
|
| 2023 2023-01-01 – 2023-12-31 | 12142938000 | Unavailable | Unavailable | Unavailable | 1381359000 | Unavailable | Source
|
| 2024 2024-01-01 – 2024-12-31 | 13638752000 | Unavailable | Unavailable | Unavailable | 1756115000 | Unavailable | Source
|
| 2025 2025-01-01 – 2025-12-31 | 14707856000 | Unavailable | Unavailable | Unavailable | 1779403000 | Unavailable | Source
|
Amounts are exact, in USD.
Growth
Sales over time and how quickly they are changing.
Revenue
Revenue reported for each complete financial period.
USD 14.7B 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2016 | Revenue | 7654184000 |
|
| 2017 | Revenue | 7684764000 |
|
| 2018 | Revenue | 7691651000 |
|
| 2019 | Revenue | 7902196000 |
|
| 2020 | Revenue | 8098925000 |
|
| 2021 | Revenue | 9455466000 |
|
| 2022 | Revenue | 11166499000 |
|
| 2023 | Revenue | 12142938000 |
|
| 2024 | Revenue | 13638752000 |
|
| 2025 | Revenue | 14707856000 |
|
Revenue growth
Change in revenue from the same financial period one year earlier.
7.8% 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016 | Year over year | 6.2% |
|
| 2017 | Year over year | 0.4% |
|
| 2018 | Year over year | 0.1% |
|
| 2019 | Year over year | 2.7% |
|
| 2020 | Year over year | 2.5% |
|
| 2021 | Year over year | 16.7% |
|
| 2022 | Year over year | 18.1% |
|
| 2023 | Year over year | 8.7% |
|
| 2024 | Year over year | 12.3% |
|
| 2025 | Year over year | 7.8% |
|
Profit and cash
How much revenue becomes profit, and how much cash operations generate.
Profit margins
Operating income, net income and free cash flow as a share of revenue.
Net margin 12.1% 2025
Free cash flow margin 13.7% 2019
- Operating margin
- Net margin
- Free cash flow margin
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016-12-31 | Operating margin | Not reported |
|
| 2017-12-31 | Operating margin | Not reported |
|
| 2018-12-31 | Operating margin | Not reported |
|
| 2019-12-31 | Operating margin | Not reported |
|
| 2020-12-31 | Operating margin | Not reported |
|
| 2021-12-31 | Operating margin | Not reported |
|
| 2022-12-31 | Operating margin | Not reported |
|
| 2023-12-31 | Operating margin | Not reported |
|
| 2024-12-31 | Operating margin | Not reported |
|
| 2025-12-31 | Operating margin | Not reported |
|
| 2016 | Net margin | 7.9% |
|
| 2017 | Net margin | 7.1% |
|
| 2018 | Net margin | 8.3% |
|
| 2019 | Net margin | 8.6% |
|
| 2020 | Net margin | 6.6% |
|
| 2021 | Net margin | 10.8% |
|
| 2022 | Net margin | 12.4% |
|
| 2023 | Net margin | 11.4% |
|
| 2024 | Net margin | 12.9% |
|
| 2025 | Net margin | 12.1% |
|
| 2016 | Free cash flow margin | 10.4% |
|
| 2017 | Free cash flow margin | 7.7% |
|
| 2018 | Free cash flow margin | 7.4% |
|
| 2019 | Free cash flow margin | 13.7% |
|
| 2020 | Free cash flow margin | Not reported |
|
| 2021 | Free cash flow margin | Not reported |
|
| 2022 | Free cash flow margin | Not reported |
|
| 2023 | Free cash flow margin | Not reported |
|
| 2024 | Free cash flow margin | Not reported |
|
| 2025 | Free cash flow margin | Not reported |
|
Operating cash flow
Cash generated by the company’s normal business operations.
USD 3.6B 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2016 | Operating cash flow | 848376000 |
|
| 2017 | Operating cash flow | 710883000 |
|
| 2018 | Operating cash flow | 620199000 |
|
| 2019 | Operating cash flow | 1143793000 |
|
| 2020 | Operating cash flow | 1616686000 |
|
| 2021 | Operating cash flow | 2183987000 |
|
| 2022 | Operating cash flow | 2568604000 |
|
| 2023 | Operating cash flow | 2929238000 |
|
| 2024 | Operating cash flow | 3678368000 |
|
| 2025 | Operating cash flow | 3582616000 |
|
Free cash flow
Operating cash flow minus capital expenditure for the same period and unit.
USD 1.1B 2019
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2016 | Free cash flow | 797547000 |
|
| 2017 | Free cash flow | 595164000 |
|
| 2018 | Free cash flow | 570339000 |
|
| 2019 | Free cash flow | 1083336000 |
|
| 2020 | Free cash flow | Unavailable |
|
| 2021 | Free cash flow | Unavailable |
|
| 2022 | Free cash flow | Unavailable |
|
| 2023 | Free cash flow | Unavailable |
|
| 2024 | Free cash flow | Unavailable |
|
| 2025 | Free cash flow | Unavailable |
|
Balance sheet
Liabilities and short-term ability to meet obligations at each period end.
Liabilities to assets
Total liabilities as a share of total assets.
77.9% 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016 | Liabilities / assets | 78.3% |
|
| 2017 | Liabilities / assets | 77.6% |
|
| 2018 | Liabilities / assets | 78% |
|
| 2019 | Liabilities / assets | 77.1% |
|
| 2020 | Liabilities / assets | 77.9% |
|
| 2021 | Liabilities / assets | 79.2% |
|
| 2022 | Liabilities / assets | 80% |
|
| 2023 | Liabilities / assets | 79.9% |
|
| 2024 | Liabilities / assets | 79.3% |
|
| 2025 | Liabilities / assets | 77.9% |
|
Current assets to current liabilities
Current assets divided by current liabilities.
Not enough comparable data to show this history.
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2016-12-31 | Current assets / current liabilities | Not reported | No source recorded |
| 2017-12-31 | Current assets / current liabilities | Not reported | No source recorded |
| 2018-12-31 | Current assets / current liabilities | Not reported | No source recorded |
| 2019-12-31 | Current assets / current liabilities | Not reported | No source recorded |
| 2020-12-31 | Current assets / current liabilities | Not reported | No source recorded |
| 2021-12-31 | Current assets / current liabilities | Not reported | No source recorded |
| 2022-12-31 | Current assets / current liabilities | Not reported | No source recorded |
| 2023-12-31 | Current assets / current liabilities | Not reported | No source recorded |
| 2024-12-31 | Current assets / current liabilities | Not reported | No source recorded |
| 2025-12-31 | Current assets / current liabilities | Not reported | No source recorded |
Cash generation
Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.
| Period | Net income | Operating cash flow | Capital expenditure | Free cash flow |
|---|---|---|---|---|
| 2016 2016-01-01 – 2016-12-31 | USD 601.92 million Exact valueExact value: 601916000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 848.38 million Exact valueExact value: 848376000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 50.83 million Exact valueExact value: 50829000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 797.55 million Calculation and evidence848376000 − 50829000 USD Exact free cash flow: 797547000 USD
Share or citeThe citation records this snapshot. The page link may show a newer release later. |
| 2017 2017-01-01 – 2017-12-31 | USD 549.09 million Exact valueExact value: 549094000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 710.88 million Exact valueExact value: 710883000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 115.72 million Exact valueExact value: 115719000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 595.16 million Calculation and evidence710883000 − 115719000 USD Exact free cash flow: 595164000 USD
Share or citeThe citation records this snapshot. The page link may show a newer release later. |
| 2018 2018-01-01 – 2018-12-31 | USD 640.75 million Exact valueExact value: 640749000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 620.2 million Exact valueExact value: 620199000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 49.86 million Exact valueExact value: 49860000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 570.34 million Calculation and evidence620199000 − 49860000 USD Exact free cash flow: 570339000 USD
Share or citeThe citation records this snapshot. The page link may show a newer release later. |
| 2019 2019-01-01 – 2019-12-31 | USD 681.94 million Exact valueExact value: 681944000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 1.14 billion Exact valueExact value: 1143793000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 60.46 million Exact valueExact value: 60457000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 1.08 billion Calculation and evidence1143793000 − 60457000 USD Exact free cash flow: 1083336000 USD
Share or citeThe citation records this snapshot. The page link may show a newer release later. |
| 2020 2020-01-01 – 2020-12-31 | USD 530.67 million Exact valueExact value: 530670000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 1.62 billion Exact valueExact value: 1616686000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2021 2021-01-01 – 2021-12-31 | USD 1.02 billion Exact valueExact value: 1022490000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 2.18 billion Exact valueExact value: 2183987000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2022 2022-01-01 – 2022-12-31 | USD 1.38 billion Exact valueExact value: 1381062000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 2.57 billion Exact valueExact value: 2568604000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2023 2023-01-01 – 2023-12-31 | USD 1.38 billion Exact valueExact value: 1381359000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 2.93 billion Exact valueExact value: 2929238000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2024 2024-01-01 – 2024-12-31 | USD 1.76 billion Exact valueExact value: 1756115000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 3.68 billion Exact valueExact value: 3678368000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
| 2025 2025-01-01 – 2025-12-31 | USD 1.78 billion Exact valueExact value: 1779403000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 3.58 billion Exact valueExact value: 3582616000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | Unavailable Not reported for this period. | Unavailable Free cash flow cannot be calculated because Capital expenditure is unavailable for this period. |
Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.
Dataset coverage and company identifiers
Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.
347 filings · 6,640 latest values · 6,640 originally reported values
Dataset published . Source filing dates and reporting periods are shown separately.
Identifiers: 0000011544, 11544, WRB, WRB-PE, WRB-PF, WRB-PG, WRB-PH, edgar:11544
Also known as BERKLEY W R CORP, W. R. BERKLEY CORP