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W.R. Berkley WRB Insurance — Deferred Policy Acquisition Cost

Other segment segments

Reinsurance & Monoline Excess
$113.29M+2.2%

Similar metrics at other companies

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PRA
PRADeferred policy acquisition costs
$60.34M-1.5%
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UVEDeferred policy acquisition costs
$126.16M+8.9%

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:SupplementaryInsuranceInformationDeferredPolicyAcquisitionCosts.

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 insurance — deferred policy acquisition cost?
W.R. Berkley (WRB) reported insurance — deferred policy acquisition cost of $887.41M in Q4 2025.
How has W.R. Berkley's insurance — deferred policy acquisition cost changed year-over-year?
W.R. Berkley's insurance — deferred policy acquisition cost increased by 5.5% year-over-year, from $840.92M to $887.41M.
What does insurance — deferred policy acquisition cost mean?
This asset represents costs directly related to the acquisition of new insurance contracts, such as commissions and underwriting expenses, which are capitalized and amortized over the life of the policy. It reflects the company's investment in future premium revenue.