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W.R. Berkley WRB Insurance — Policyholder Benefits and Claims Incurred, Net

Other segment segments

Reinsurance & Monoline Excess
$169.06M-20.8%

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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:PolicyholderBenefitsAndClaimsIncurredNet.

The official record: W.R. Berkley’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is W.R. Berkley's insurance — policyholder benefits and claims incurred, net?
W.R. Berkley (WRB) reported insurance — policyholder benefits and claims incurred, net of $1.77B in Q1 2026.
What does insurance — policyholder benefits and claims incurred, net mean?
This represents the total costs associated with claims filed by policyholders, net of any reinsurance recoveries. It is the largest expense category for an insurance company and directly impacts the underwriting margin. Monitoring this helps evaluate the effectiveness of risk selection and claims management.