BERKLEY W R CORP (WRB) Form 8-K — Oct 19, 2026
W. R. Berkley Corporation reported Q3 2026 net income of $446.0 million ($1.14 per diluted share) and operating income of $456.5 million ($1.17 per diluted share), with operating income per share up 6.4% year over year. Underwriting strength was the highlight: Insurance segment pre-tax underwriting income grew 10.6% to $237.7 million and the current accident year combined ratio ex-catastrophes was a strong 88.1%, with a reported combined ratio of 90.8%.
Key figures
- Eps
- 1.14
- Revenue
- $3,738,811 thousand
- Net Income
- $446,005 thousand
- Total Debt
- $1,827,874 thousand (senior notes and other debt)
- Revenue Yoy
- -0.8%
- Total Assets
- $45,675,961 thousand
- Cash Position
- $2,038,618 thousand (cash and cash equivalents within net invested assets)
- Shares Outstanding
- 371448
- Operating eps
- 1.17
- Operating roe
- 18.8%
- Combined ratio
- 90.8%
- Q3 repurchases
- $21.1 million (309,508 shares)
- Return on equity
- 18.4%
- Book value per share
- 25.87
- Ytd capital returned
- $728.6 million
- Net investment income
- $383.5 million (+12.0% core portfolio)
- Ytd share repurchases
- $435.1 million (6,465,878 shares)
- Net premiums written q3
- $3,267,602 thousand
- Operating income q3 2026
- $456,541 thousand
- Gross premiums written q3
- $3,951,788 thousand
- Accident year combined ratio ex cat
- 88.1%
- Average rate increase ex workers comp
- ~4.0%
- Insurance segment underwriting income growth
- 10.6% to $237.7 million
AI analysis
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