What is W.R. Berkley's insurance — operating costs and expense?

W.R. Berkley (WRB) reported insurance — operating costs and expense of $2.56B in Q1 2026.

How has W.R. Berkley's insurance — operating costs and expense changed year-over-year?

W.R. Berkley's insurance — operating costs and expense increased by 5.2% year-over-year, from $2.43B to $2.56B.

What is the long-term trend for W.R. Berkley's insurance — operating costs and expense?

Over 3 years (2022 to 2025), W.R. Berkley's insurance — operating costs and expense has grown at a 11.2% compound annual growth rate (CAGR), from $7.31B to $10.07B.

What does insurance — operating costs and expense mean?

The day-to-day costs of running the insurance business, such as salaries, rent, and technology.

Discontinued — last reported Q1 '26

Business Segments · Operating costs and expense

Insurance — Operating costs and expense

W.R. Berkley Insurance — Operating costs and expense increased by 0.9% to $2.56B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 5.2%, from $2.43B to $2.56B. Over 3 years (FY 2022 to FY 2025), Insurance — Operating costs and expense shows an upward trend with a 11.2% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementSegment

CategoryEfficiency

SignalLower is better

VolatilityStable

First reportedQ1 2022

Last reportedQ1 2026

Rolls up toTotal Operating Expenses

How to read this metric

A lower ratio of operating expenses to premiums indicates high operational efficiency and better expense management.

Detailed definition

This includes the administrative, personnel, and general overhead costs required to run the insurance segment, excluding...

Peer comparison

Comparable to 'Underwriting and Administrative Expenses' or 'Operating Expenses' at peer insurers.

Metric ID: wrb_segment_insurance_operating_costs_and_expense

Historical Data

17 periods

	Q1 '22	Q2 '22	Q3 '22	Q4 '22	Q1 '23	Q2 '23	Q3 '23	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Value	$1.83B	$1.83B	$1.83B	$1.83B	$2.05B	$2.05B	$2.05B	$2.05B	$2.17B	$2.31B	$2.36B	$2.40B	$2.43B	$2.53B	$2.57B	$2.54B	$2.56B
QoQ Change	—	+0.0%	+0.0%	+0.0%	+12.1%	+0.0%	+0.0%	+0.0%	+6.1%	+6.1%	+2.2%	+1.8%	+1.4%	+3.8%	+1.7%	-1.2%	+0.9%
YoY Change	—	—	—	—	+12.1%	+12.1%	+12.1%	+12.1%	+6.1%	+12.6%	+15.0%	+17.1%	+11.9%	+9.4%	+9.0%	+5.8%	+5.2%

Range$1.83B – $2.57B

CAGR+8.8%

Avg YoY Growth+10.8%

Median YoY Growth+12.1%

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Frequently Asked Questions

What is W.R. Berkley's insurance — operating costs and expense?: W.R. Berkley (WRB) reported insurance — operating costs and expense of $2.56B in Q1 2026.
How has W.R. Berkley's insurance — operating costs and expense changed year-over-year?: W.R. Berkley's insurance — operating costs and expense increased by 5.2% year-over-year, from $2.43B to $2.56B.
What is the long-term trend for W.R. Berkley's insurance — operating costs and expense?: Over 3 years (2022 to 2025), W.R. Berkley's insurance — operating costs and expense has grown at a 11.2% compound annual growth rate (CAGR), from $7.31B to $10.07B.
What does insurance — operating costs and expense mean?: The day-to-day costs of running the insurance business, such as salaries, rent, and technology.