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W.R. Berkley WRB Insurance — Net Investment Income

Other segment segments

Reinsurance & Monoline Excess
$270.85M+15.4%

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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:SupplementaryInsuranceInformationNetInvestmentIncome.

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 — net investment income?
W.R. Berkley (WRB) reported insurance — net investment income of $279.65M in Q4 2025.
How has W.R. Berkley's insurance — net investment income changed year-over-year?
W.R. Berkley's insurance — net investment income increased by 5.8% year-over-year, from $264.43M to $279.65M.
What is the long-term trend for W.R. Berkley's insurance — net investment income?
Over 4 years (2021 to 2025), W.R. Berkley's insurance — net investment income has grown at a 24.3% compound annual growth rate (CAGR), from $468.82M to $1.12B.
What does insurance — net investment income mean?
This represents the income generated from the company's investment portfolio, including interest, dividends, and realized gains, net of investment expenses. It is a vital secondary source of earnings for insurance companies.