WRB at a glance
W. R. Berkley Corporation (WRB, SEC CIK 11544) filed its latest 10-K annual report on February 27, 2026, a 10-Q quarterly report on July 31, 2026, an 8-K current report on July 20, 2026 and Form 4 insider filings as recently as August 5, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), W. R. Berkley Corporation (WRB) reported revenue of $14.7 billion (up 7.8% from FY2024) and net income of $1.8 billion. Diluted EPS was $4.45.
- As of June 30, 2026, 39 institutional investment managers tracked by SignalX reported holding W. R. Berkley Corporation (WRB) shares worth $8.3 billion in 13F-HR filings.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $14.7B
- +7.8% vs prior year
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- 13F holders
- 39 funds
- $8.3B · +2 vs prior quarter
- Latest 8-K
- Jul 20, 2026
- Item 2.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Risk Factors
- Catastrophe losses net of reinsurance $336M in 2025 vs $298M in 2024, with TRIPRA deductible ~$1,835M based on 2025 earned premiums
- Reinsurance recoverables ~$3,558M at risk; subsidiary lawsuit filed Dec 2023 to recover >$90M from reinsurers over event cancellation policies
- Gross loss reserves ~$22.2B subject to social inflation, medical cost inflation, and COVID-19 uncertainty
- Reinsurance competitors Swiss Re, Munich Re, Berkshire Hathaway, Hannover Re hold greater financial/marketing resources
- Insurance subsidiary dividends capped at ~$1.4B in 2026 without regulatory approval, constraining holding company liquidity
Management Discussion & Analysis
- Gross premiums written $15,105M in 2025, up 6% YoY from $14,211M; net premiums earned $12,447M, up 8%
- Net income $1,779M vs $1,756M in 2024; GAAP combined ratio 90.7% vs 90.3%; loss ratio 62.4% vs 61.8%; expense ratio 28.3% vs 28.5%
- Reinsurance & Monoline Excess best segment: combined ratio 83.7% vs 84.1%; Insurance segment combined ratio 91.7% vs 91.2%
- Operating cash flow $3,583M; buybacks $270M (4.1M shares); total dividends $700M; debt carrying value $2,840M
- Key risks: social inflation driving adverse auto/umbrella reserve development; FX losses $68M in 2025 vs gains $52M in 2024; catastrophe losses $336M led by California wildfires
Business Overview
- Decentralized specialty P&C insurer with 60 businesses across Insurance (88% of NPW) and Reinsurance & Monoline Excess (12%) segments; total NPW $12.7B in 2025, up 6.2% YoY
- Berkley One (high net worth personal lines) fastest-growing unit: share of gross premiums up to 4.8% in 2025 from 3.7% in 2024 and 2.6% in 2023
- Short-tail lines mix expanding within Insurance: grew to 27.3% of gross premiums vs 26.1% in 2024 and 24.7% in 2023, while professional liability contracted to 11.4% from 13.1% in 2023
- Reinsurance segment mix shifting toward property (33.7% of gross premiums vs 27.9% in 2023) and away from casualty (46.3% vs 54.1% in 2023), reflecting deliberate repositioning
- Designated an Internationally Active Insurance Group (IAIG) by Delaware DOI in 2024, subjecting WRB to new international capital oversight under IAIS ComFrame/ICS framework for first time
AI summary of the WRB 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Insurance net reserves $16.3B, versus $3.4B for Reinsurance & Monoline Excess
- Six-month net favorable prior-year development $3M, versus $1M in 2025
- Emerging headwinds: social inflation, litigated claims, auto-related large-loss frequency, and economic inflation
Risk Factors
- No material risk-factor changes from the December 31, 2025 Form 10-K
- Carried-forward risks remain the company’s most significant disclosed exposures
- June 9, 2026 credit agreement amendment indicates updated financing arrangements
- Repurchase authorization increased to 25,000,000 shares on June 3, 2026
AI summary of the WRB 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 2.02: Results of Operations and Financial Condition
- Second-quarter 2026 results announced July 20, 2026
- Detailed operating results contained in Exhibit 99.1 press release
Item EX-99.1: Item EX-99.1
- Q2 2026 operating income rose 18.2% to $497.1M, with operating ROE improving to 20.5%
- Gross premiums reached record $4.1B, while insurance net premiums written grew 3.7% to $3.1B
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Executive Vice President Lucille Sgaglione resigning effective June 30, 2026
- Continued part-time role as Senior Advisor, preserving transition support
Item 1.01: Entry into a Material Definitive Agreement
- Revolving credit facility maturity extended from April 1, 2027 to June 9, 2031
- Four-year extension reduces near-term refinancing pressure and preserves liquidity flexibility
AI summaries of WRB 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for WRB
Don't miss the next WRB filing
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- Fund moves. Which tracked funds opened, added or cut WRB, by share count.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| SHIEL JAMES G | A | Aug 3, 2026 | 14,086 | - |
| BERKLEY WILLIAM R JR | A | Aug 3, 2026 | 98,593 | - |
| Baio Richard Mark | F | Aug 3, 2026 | 650 | $72.29 |
| BERKLEY WILLIAM R JR | F | Aug 3, 2026 | 4,139 | $72.29 |
| Welt Philip S | F | Aug 3, 2026 | 592 | $72.29 |
| SHIEL JAMES G | F | Aug 3, 2026 | 650 | $72.29 |
| Welt Philip S | A | Aug 3, 2026 | 14,086 | - |
| Baio Richard Mark | A | Aug 3, 2026 | 14,086 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|
| Profitability | ||||
| Revenue | $12.1B | $13.6B | $14.7B | |
| Net Income | $1.4B | $1.8B | $1.8B | |
| Net Margin | 11.4% | 12.9% | 12.1% | |
| Balance Sheet | ||||
| Total Assets | $37.2B | $40.6B | $44.1B | |
| Equity | $7.5B | $8.4B | $9.7B | |
| ROE | 18.5% | 20.9% | 18.3% | |
| Per Share | ||||
| EPS | $5.05 | $4.36 | $4.45 | |
| Cash Flow | ||||
| Operating CF | $2.9B | $3.7B | $3.6B | |
Source: XBRL data in W. R. Berkley Corporation (WRB)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate WRB share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 39 | $8.34B |
| Q1 2026 | 37 | $7.91B |
| Q4 2025 | 34 | $8.53B |
| Q3 2025 | 35 | $10.03B |
| Q2 2025 | 34 | $9.42B |
| Q1 2025 | 35 | $7.56B |
| Q4 2024 | 29 | $4.57B |
| Q3 2024 | 24 | $2.17B |
- AQR Capital Management+1.83M (+99%)
- Two Sigma Investments+1.74M (+638%)
- Goldman Sachs Group+1.31M (+46%)
- Millennium Management+477.0K (+104%)
- Dimensional Fund Advisors+273.7K (+7%)
- Morgan Stanley−2.16M (-21%)
- BlackRock−1.35M (-6%)
- JPMorgan Chase & Co−1.12M (-34%)
- BNY Mellon−686.4K (-34%)
- Principal Financial Group−457.0K (-24%)
Source: 13F-HR filings on SEC EDGAR (aggregated from 267 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
WRB filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 13F-HR/A | Aug 24, 2026 | Jun 30, 2026 | - | - |
| 13F-HR | Aug 14, 2026 | Jun 30, 2026 | - | |
| SC 13G | Aug 6, 2026 | - | - | |
| SC 13G | Aug 6, 2026 | - | - | |
| SC 13G | Aug 6, 2026 | - | - | |
| SC 13G | Aug 6, 2026 | - | - | |
| SC 13G | Aug 6, 2026 | - | - | |
| SC 13G | Aug 6, 2026 | - | - | |
| SC 13G | Aug 6, 2026 | - | - | |
| SC 13G | Aug 5, 2026 | - | - | |
| 4 | Aug 5, 2026 | - | - | - |
| 4 | Aug 5, 2026 | - | - | - |
| 4 | Aug 5, 2026 | - | - | - |
| 4 | Aug 5, 2026 | - | - | - |
| 10-Q | Jul 31, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Jul 20, 2026 | - | Analysis | - |
| 8-K | Jun 26, 2026 | - | Analysis | - |
| 8-K | Jun 11, 2026 | - | Analysis | - |
| 8-K | Jun 10, 2026 | - | Analysis | |
| 8-K | Jun 5, 2026 | - | Analysis | |
| 4 | Jun 4, 2026 | - | - | |
| 4 | Jun 4, 2026 | - | - | |
| 4 | Jun 4, 2026 | - | - | |
| 4 | Jun 4, 2026 | - | - | |
| 4 | Jun 4, 2026 | - | - |
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WRB SEC filings: frequently asked questions
Which institutions hold WRB stock?
As of June 30, 2026, the largest W. R. Berkley Corporation (WRB) holders among the 13F filers tracked by SignalX were BlackRock ($1.5 billion), Vanguard Capital Management LLC ($1.3 billion), Vanguard Portfolio Management LLC ($1.0 billion), State Street Corp ($1.0 billion), Morgan Stanley ($582.1 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was WRB's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), W. R. Berkley Corporation (WRB) reported revenue of $14.7 billion (up 7.8% from FY2024) and net income of $1.8 billion. Diluted EPS was $4.45. The figures come from the XBRL data in the 10-K.
What are the main risks in WRB's latest 10-K?
In the 10-K filed February 27, 2026, W. R. Berkley Corporation (WRB) flagged: Catastrophe losses net of reinsurance $336M in 2025 vs $298M in 2024, with TRIPRA deductible ~$1,835M based on 2025 earned premiums. Reinsurance recoverables ~$3,558M at risk; subsidiary lawsuit filed Dec 2023 to recover >$90M from reinsurers over event cancellation policies. (AI summary of the Risk Factors section.)
What did WRB report in its latest 8-K?
W. R. Berkley Corporation (WRB) filed an 8-K on July 20, 2026 reporting Item 2.02 (Results of Operations and Financial Condition). Second-quarter 2026 results announced July 20, 2026.
What are the latest WRB SEC filings?
W. R. Berkley Corporation (WRB) filed its latest 10-K annual report on February 27, 2026, a 10-Q quarterly report on July 31, 2026, an 8-K current report on July 20, 2026 and a Form 4 insider filing on August 5, 2026.
What is WRB's SEC CIK number?
W. R. Berkley Corporation (WRB)'s SEC Central Index Key (CIK) is 11544. EDGAR lists every WRB filing under that number.
Ask anything about WRB
The research agent reads WRB's filings, financials, insider trades and 13F holders, then answers with sources.