US · USD

WRB

W. R. Berkley Corp

$69.78+1.16% ($0.80)Updated 10/5/26, 4:59 PM

Day's range: $68.68 – $69.98
Day's volume: $87M
52-week range: $62.88 – $76.33

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WRB in numbers

Market cap: $25.9B

P/E: 13.44

P/B: 2.63

Dividend yield (12m): 2.69%

The 12-month dividend yield of WRB is 2.69%, above its 5-year average of 2.28%.

WRB price history

10/06/202510/05/2026

Compare with

WRB risk and return

Monthly closes adjusted for splits and distributions.

Metric	12 months	36 months	60 months
Return	-7.68%	+54.90%	+130.73%
Volatility (annualized)	20.36%	23.62%	22.58%
Largest drawdown	-16.80%	-16.80%	-26.29%
Positive months	7/12	23/36	37/60

How much did investing in WRB return?

Amount invested

$1,000.00 invested on 11/01/2021 would be worth $2,307.33 today.

Value today in WRB: $2,307.33

Return over the period: +130.73%

Return per year: +18.50%

In the S&P 500: $1,702.20

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

WRB fundamentals

Valuation

P/E
13.44
P/B
2.63
EV/EBITDA
—
EV/EBIT
—
EV/Revenue
1.74
P/EBIT
—
P/S
1.74
P/OCF
7.20
P/FCF
—
Earnings yield
—
PEG ratio
—
Earnings per share
$5.19
Book value per share
$26.49

Efficiency

Gross margin
—
EBITDA margin
—
Operating margin
—
Net margin
12.94%
Asset turnover
0.33

Profitability

ROE
19.60%
ROA
4.22%
ROIC
—
Payout
36.21%

Growth

Revenue CAGR (5 years)
11.09%
Earnings CAGR (5 years)
15.68%
Revenue growth (year)
—
Earnings growth (year)
—
Revenue growth (quarter)
—
Earnings growth (quarter)
—

What is WRB's fair price?

Two classic value formulas, with today's numbers. The current price is $69.78.

Graham's fair price: $55.63; 20.28% below the price

√(22.50 × $5.19 × $26.49)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price: $20.06; 71.25% below the price

$1.20 (5-year average) ÷ 6%

Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

WRB's indicators by year

Multiples at each year's closing price; margins and returns from that year's statements.

Indicator	2025	2024	2023	2022	2021	2020	2019	2018
P/E	14.76	12.64	13.14	—	—	32.97	18.59	14.07
P/B	2.71	2.64	2.43	—	—	2.77	2.09	1.66
Dividend yield	2.64%	2.39%	2.73%	1.22%	2.44%	0.71%	2.43%	2.83%
Earnings per share	$4.75	$4.63	$5.38	—	—	$2.01	$3.72	$5.25
Book value per share	$25.90	$22.14	$29.06	—	—	$23.95	$33.12	$44.57
ROE	18.34%	20.92%	18.52%	20.46%	15.36%	8.41%	11.23%	11.78%
Net margin	12.10%	12.88%	11.37%	12.37%	10.81%	6.55%	8.63%	8.33%

WRB's financial statements

Line	2025	2024	2023	2022	2021	2020
Net revenue	$14.7B	$13.6B	$12.1B	$11.2B	$9.5B	$8.1B
Cost of revenue	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—
EBITDA	—	—	—	—	—	—
EBIT	—	—	—	—	—	—
Financial result	—	—	—	—	—	—
Income before tax	$2.3B	$2.3B	$1.8B	$1.7B	$1.3B	$704.8M
Income tax	-$495.8M	-$509.9M	-$370.6M	-$334.7M	-$251.9M	-$171.8M
Net income	$1.8B	$1.8B	$1.4B	$1.4B	$1B	$530.7M

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does WRB pay dividends?

Dividend yield per year

2.16%2017
2.83%2018
2.43%2019
0.71%2020
2.44%2021
1.22%2022
2.73%2023
2.39%2024
2.64%2025
1.13%2026

Payment history
Type	Last day to own	Payment	Per share
Dividend	09/18/2026	09/30/2026	$0.10
Dividend	06/22/2026	07/02/2026	$0.60
Dividend	02/20/2026	03/04/2026	$0.09
Dividend	12/12/2025	12/29/2025	$1.09
Dividend	09/19/2025	09/30/2025	$0.09
Dividend	06/20/2025	06/30/2025	$0.59
Dividend	02/28/2025	03/12/2025	$0.08
Dividend	12/13/2024	12/27/2024	$0.58
Dividend	09/20/2024	09/30/2024	$0.33
Dividend	06/21/2024	06/28/2024	$0.41
Dividend	02/29/2024	03/13/2024	$0.07
Dividend	12/14/2023	12/27/2023	$0.41

See all 43 distributions

Earlier distributions
Type	Last day to own	Payment	Per share
Dividend	09/21/2023	10/04/2023	$0.41
Dividend	06/22/2023	06/30/2023	$0.07
Dividend	03/07/2023	03/23/2023	$0.07
Dividend	01/11/2023	01/24/2023	$0.33
Dividend	12/15/2022	12/28/2022	$0.07
Dividend	09/22/2022	10/03/2022	$0.07
Dividend	06/23/2022	07/07/2022	$0.40
Dividend	03/07/2022	03/23/2022	$0.06
Dividend	12/03/2021	12/22/2021	$0.50
Dividend	09/13/2021	09/29/2021	$0.06
Dividend	06/23/2021	07/06/2021	$0.28
Dividend	03/08/2021	03/24/2021	$0.05
Dividend	12/11/2020	12/29/2020	$0.05
Dividend	09/11/2020	09/29/2020	$0.05
Dividend	06/19/2020	06/30/2020	$0.05
Dividend	03/09/2020	03/25/2020	$0.05
Dividend	11/20/2019	12/11/2019	$0.38
Dividend	09/17/2019	10/03/2019	$0.05
Dividend	06/14/2019	07/02/2019	$0.27
Dividend	03/12/2019	04/02/2019	$0.04
Dividend	11/26/2018	12/12/2018	$0.19
Dividend	09/17/2018	10/03/2018	$0.19
Dividend	06/13/2018	07/05/2018	$0.04
Dividend	06/07/2018	06/18/2018	$0.15
Dividend	03/12/2018	04/02/2018	$0.04
Dividend	11/28/2017	12/14/2017	$0.19
Dividend	09/18/2017	10/04/2017	$0.04
Dividend	06/12/2017	07/05/2017	$0.19
Dividend	03/10/2017	04/05/2017	$0.04
Dividend	11/28/2016	12/15/2016	$0.04
Dividend	11/08/2016	11/21/2016	$0.15

About W. R. Berkley

Sector: Finance, insurance and real estate

Questions about WRB

How much is WRB today?

WRB is at $69.78 (1.16% on the day), last traded on 10/05/2026.

How much did WRB pay in dividends in 2025?

WRB paid $1.85 per share in 2025, a dividend yield of 2.64%.

What are the P/E and P/B of WRB?

WRB trades at a P/E of 13.44 and a P/B of 2.63.

How much did WRB return in 12 months?

WRB returned -7.68% in 12 months, with annualized volatility of 20.36% and a largest drawdown of -16.80%.