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W.R. Berkley WRB Casualty — Loss and loss expenses incurred, net of reinsurance

Other product segments

Other liability
$16.87B+608%
Short-tail lines
$8.95B+613%
Workers' compensation
$7.12B+777%
Auto
$6.87B+546%
Professional liability
$4.79B+634%
Property
$1.84B+616%
Monoline excess
$760.79M+534%

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521,000,000,000%+447,600,000,000pp
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3,570,700,000,000%+3,075,700,000,000pp
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ASICCasualty — Liabilities for unpaid losses and allocated loss adjustment expenses, net of reinsurance
$285.98M

Other financials

Income statement

See full
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

See full
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

See full
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:ShortdurationInsuranceContractsIncurredClaimsAndAllocatedClaimAdjustmentExpenseNet.

The official record: W.R. Berkley’s 10-K, filed February 27, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is W.R. Berkley's casualty — loss and loss expenses incurred, net of reinsurance?
W.R. Berkley (WRB) reported casualty — loss and loss expenses incurred, net of reinsurance of $4.01B in Q4 2025.
How has W.R. Berkley's casualty — loss and loss expenses incurred, net of reinsurance changed year-over-year?
W.R. Berkley's casualty — loss and loss expenses incurred, net of reinsurance increased by 735.9% year-over-year, from $479.84M to $4.01B.
What does casualty — loss and loss expenses incurred, net of reinsurance mean?
This metric measures the total costs associated with claims occurring in the casualty segment, including both paid losses and changes in loss reserves, after accounting for recoveries from reinsurance. It serves as a primary indicator of underwriting performance and the accuracy of initial risk pricing.