W.R. Berkley Casualty — Loss and loss expenses incurred, net of reinsurance increased by 5.4% to $4.01B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 5.4%, from $3.80B to $4.01B. This increase may warrant attention — for this metric, lower values are generally preferred.
Lower values relative to earned premiums indicate better underwriting profitability and risk selection.
This metric measures the total costs associated with claims occurring in the casualty segment, including both paid losse...
Commonly referred to as Incurred Losses, this is a core component of the Loss Ratio calculation for all P&C insurers.
wrb_segment_casualty_loss_and_loss_expenses_incurred_net_of_reinsurance| Q4 '21 | Q4 '22 | Q4 '23 | Q4 '24 | Q4 '25 | |
|---|---|---|---|---|---|
| Value | $3.02B | $3.15B | $3.39B | $3.80B | $4.01B |
| QoQ Change | — | +4.1% | +7.8% | +12.2% | +5.4% |
| YoY Change | — | +4.1% | +7.8% | +12.2% | +5.4% |