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W.R. Berkley WRB Property — Loss and loss expenses incurred, net of reinsurance

Other product segments

Other liability
$16.87B+608%
Short-tail lines
$8.95B+613%
Workers' compensation
$7.12B+777%
Auto
$6.87B+546%
Professional liability
$4.79B+634%
Casualty
$4.01B+736%
Monoline excess
$760.79M+534%

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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:ShortdurationInsuranceContractsIncurredClaimsAndAllocatedClaimAdjustmentExpenseNet.

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 property — loss and loss expenses incurred, net of reinsurance?
W.R. Berkley (WRB) reported property — loss and loss expenses incurred, net of reinsurance of $1.84B in Q4 2025.
How has W.R. Berkley's property — loss and loss expenses incurred, net of reinsurance changed year-over-year?
W.R. Berkley's property — loss and loss expenses incurred, net of reinsurance increased by 615.8% year-over-year, from $256.44M to $1.84B.
What does property — loss and loss expenses incurred, net of reinsurance mean?
The total cost of claims and associated adjustment expenses for property insurance, net of any recoveries from reinsurance agreements. This reflects the underwriting profitability of the property segment by accounting for the actual claims paid and the estimated future claims.