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W.R. Berkley logo

W.R. Berkley Cash Flow Statement

Operating, investing, and financing cash movements

W.R. Berkley generated $3.5B in operating cash flow over the trailing twelve months. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$3.5BNet Cash From Investing (TTM)-$1.7BNet Cash From Financing (TTM)-$1.3BDepreciation And Amortization Cf (TTM)-$53.8MNet Change In Cash (TTM)$560.7M
Latest FilingQ1 2026
Report Date2026-05-01
Market Cap$25.1B
P/E Ratio13.40
ROE20.13%

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Change in deferred policy acquisition costs$0$26.8M$38.7M$13.3M—$10.4M
Change in income taxes payable/receivable-$7.1M$16M$16M$16M$16M—
Change in loss reserves$305.1M$544.2M$523.4M$254.2M$445.1M$390.6M
Change in other liabilities$9.6M-$297.9M——$205M-$286.7M
Change in unearned premiums—$113.1M$309.5M$88.1M—$47.9M
Deferred income taxes-$78.5M-$135M—-$43.5M—-$77.3M
Depreciation and amortization-$13.6M-$9.8M-$14M-$9.1M-$15.3M-$15.5M
Distributions from equity method investments-$12.4M$27M$27.3M$5.4M—$39.5M
Net gains (losses) on investments$29.4M$33.1M$33.1M$33.1M$33.1M—
Net cash from operating activities$810M$743.8M$703.8M$1.1B$995.1M$667.9M
Net income$576.1M$417.6M$401.3M$511M$449.5M$515.2M
Gain (Loss) on Investments$29.4M$33.1M$33.1M$33.1M$33.1M-$15.8M
Income Loss From Equity Method Investments Net Of Dividends Or Distributions-$12.4M$27M$27.3M$5.4M—$39.5M
Increase (Decrease) in Deferred Income Taxes-$78.5M-$135M—-$43.5M—-$77.3M
Increase (Decrease) in Deferred Policy Acquisition Costs$0$26.8M$38.7M$13.3M—$10.4M
Unpaid losses and loss expenses$305.1M$544.2M$523.4M$254.2M$445.1M$390.6M
Increase (Decrease) in Premiums Receivable—$43.8M$318.5M——$48.7M
Increase (Decrease) in Reinsurance Recoverable$117M$43M$90.8M—$77.5M-$15.2M
Increase Decrease In Trading Securities-$86M$13.5M$19.4M$6.6M$17.4M$7M
Unearned premiums—$113.1M$309.5M$88.1M—$47.9M
Net realized gains (losses)—$16.4M$31M$79M—-$15.8M
Stock-based compensation$14.1M$12.4M$15.1M$13.1M$13.9M$13.2M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from issuance of debt$776.3K$1.6M———$1.1M
Dividends paid$220.4M$30.3M$223.8M$34.2M$411.9M$33.7M
Proceeds from issuances of debt—$1.6M———$1.1M
Other, net-$6M-$3.5M-$6.7M-$34.3M-$9.4M-$4.1M
Repayments of Debt$0$515.8K$515.8K$515.8K$515.8K—
Net cash from financing activities-$290.5M-$81.4M-$231.7M-$95.3M-$618.1M-$339.1M
Other financing activities-$6M-$3.5M-$6.7M-$34.3M-$9.4M-$4.1M
Repurchases of common stock$67.4M$49.2M$0$24.6M$196.4M$302.4M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$30.9M$7.5M$26.4M$2.5M$1.9M$841K
Net increase (decrease) in cash$401.5M-$254.5M$264.3M$419.5M$135.9M-$259M

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Increase (Decrease) In Broker-Dealer Related Receivables (Payables), Investing Activities-$26.8M$17.7M$17.7M$17.7M$17.7M—
Increase (Decrease) In Broker-Dealer Related Receivables (Payables), Net, Investing Activities—-$14.7M$69.1M-$114.2M—-$158M
Payments for (Proceeds from) Loans Receivable$37.3M$3.7M-$113M——$30.6M
Payments For (Proceeds From) Real Estate$0$14.8M$1.2M-$3.6M-$26.9M$37.4M
Payments To Acquire Equity Securities, Available-For-Sale$21.1M$56.6M$64.9M$217.1M$79.9M$120.5M
Payments to Acquire Property, Plant, and Equipment, Net$14M$16.2M$20.6M$16.9M$116.3M-$27.7M
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-Sale$1.4B$1.2B$1.3B$1.5B$1.3B$1.4B
(Contributions to) distributions from investment funds$119.3M$16.3M$23.1M$62.5M$37.8M-$4M
Sale of investments$622.1M$290.6M$238.6M$345.9M$274.2M$271.6M
Proceeds From Sale Of Equity Securities, Available-For-Sale$42.9M$132.7M$10.3M$160.3M$127.1M$4.6M
Net cash from investing activities-$87.1M-$924.4M-$234.2M-$627.6M-$243.1M-$588.6M
Net change in loans and leases$37.3M$3.7M-$113M——$30.6M
Proceeds from maturities/sales of investments$622.1M$290.6M$238.6M$345.9M$274.2M$271.6M
Purchases of investments$2.2B$2.5B$1.7B$2.6B$1.6B$2.2B