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W.R. Berkley WRB Incurred but not reported (IBNR) claims liability, net

Segments

By product

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Other liability$2.24B+8.0%
Short-tail lines$610.04M+35.3%
Auto$603.27M+5.9%
Professional liability$529.51M+6.0%
Casualty$395.24M+3.3%
Workers' compensation$350.18M-7.4%

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×