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W.R. Berkley WRB Deferred policy acquisition costs

Deferred policy acquisition costs at other companies

Old Republic International logo
Old Republic InternationalORI
$659.1M+18.6%
RLI logo
RLIRLI
$176.19M+3.9%
The Travelers Companies logo
The Travelers CompaniesTRV
$3.59B+1.3%
Chubb logo
ChubbCB
$10.45B+19.1%
American Financial Group logo
American Financial GroupAFG
$334M+5.7%
Markel logo
MarkelMKL
$857.25M-10.8%

Other financials

Income statement

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Revenue$3.7B+4.0%
Net income$515.2M+23.4%
EPS (diluted)$1.31+26.0%

Balance sheet

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Cash & equivalents$2.3B+32.6%
Total debt$255.7M+14.7%
Total equity$9.7B+9.3%
Total assets$44.3B+7.2%

Cash flow

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Operating cash flow$667.9M-10.2%

Valuation

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Market cap$26.26B-2.2%
Enterprise value$24.23B-3.5%
P/E14×-1.3×
P/S1.8×-0.1×

Profitability

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Net margin12.6%+0.2pp
FCF margin13.7%

Returns & leverage

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Return on equity20.1%-0.6pp
Debt / equity0.0×

Where this comes from

Reported directly by W.R. Berkley in its filing.

Tagged under the XBRL concept us-gaap:DeferredPolicyAcquisitionCosts.

The official record: W.R. Berkley’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is W.R. Berkley's deferred policy acquisition costs?
W.R. Berkley (WRB) reported deferred policy acquisition costs of $1.01B in Q1 2026.
How has W.R. Berkley's deferred policy acquisition costs changed year-over-year?
W.R. Berkley's deferred policy acquisition costs increased by 3.5% year-over-year, from $978.24M to $1.01B.
What is the long-term trend for W.R. Berkley's deferred policy acquisition costs?
Over 5 years (2020 to 2025), W.R. Berkley's deferred policy acquisition costs has grown at a 12.5% compound annual growth rate (CAGR), from $556.17M to $1B.
What does deferred policy acquisition costs mean?
These represent the incremental costs directly related to the successful acquisition of new or renewal insurance contracts, such as commissions and underwriting expenses. These costs are capitalized and amortized over the life of the insurance policy to match expenses with the related earned premium revenue. This reflects the company's investment in growing its book of business.