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W.R. Berkley WRB Insurance — Reserve for Losses and Loss Expenses

Other segment segments

Reinsurance & Monoline Excess
$3.62B+4.0%

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HIPOReserve for insurance claims
$482.6M+20.4%

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:SupplementaryInsuranceInformationLiabilityForFuturePolicyBenefitsLossesClaimsAndLossExpenseReserves.

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 — reserve for losses and loss expenses?
W.R. Berkley (WRB) reported insurance — reserve for losses and loss expenses of $18.59B in Q4 2025.
How has W.R. Berkley's insurance — reserve for losses and loss expenses changed year-over-year?
W.R. Berkley's insurance — reserve for losses and loss expenses increased by 10.1% year-over-year, from $16.89B to $18.59B.
What does insurance — reserve for losses and loss expenses mean?
This liability represents the estimated total cost of claims that have been incurred but not yet settled or paid. It is a critical actuarial estimate of the company's future obligations to policyholders.