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W. R. Berkley Corporation — Intrinsic Value & Fair Price

WRB
NYSEFinancial ServicesInsurance - Property & CasualtyCIK 0000011544berkley.comAbout WRB
Last close · Oct 16, 202675.42+1.45 (+1.96%)
Market cap$28.0B
Model value · P/B · justified
60.33
W. R. Berkley closed at $75.42 — overvalued by 25% vs model.
52.79the model's range70.39

P/B · justified leads for an insurer. From the justified price to book.

Other models
39.49 – 75.43
Wall St. target
70.00 8% above
Above model, 1y
20 of 20 days

Price and model value

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What the marks mean
Daily close

Dividends

Quarterly · as of Oct 16, 2026
Yield, trailing 12 months
2.49%
Past 2 years
low 1.71%high 3.04%
Dividends per share, a year at a time
$0.89Dec ’21$0.59Dec ’22$0.88Sep ’23$1.55Sep ’24$1.34Sep ’25$1.88TTM
Dividends / earnings, FY2025
39.4%
Raised
6 years in a row
Growth, 5 yrs
16.0% a year
Last change
−83.3% · Sep 2026
Every payment, with ex-dates · latest $0.10, paid Sep 30, 2026

Research on WRB

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How it is valued

Valued asInsurer
Moderate growth (~10% recent)Moderate margins (12% net margin)Pays dividendsHighly cyclical earnings
What growth the price implies: the reverse DCF

Key figures

FY2025 · chosen for insurers
Price / book
3.1×
Return on equity
18.3%
P/E
16.9×
Dividend yield, TTM
2.49%
Payout ratio
39.4%
Debt / equity
0.3
Full financials

Analyst actions

third-party, quoted
10-12Wells Fargo · target65.00
10-07Mizuho Securities · target70.00
10-06Morgan Stanley · target70.00
07-16B of A Securities · “Underperform” from “Neutral”downgrade
Ratings, targets and estimates

The weekly

One email a week across every stock we cover: 13F filings, insider trades, earnings and new research. It covers the whole market, not just WRB. No account.

About W. R. Berkley

W. R. Berkley Corporation functions as an insurance holding company, primarily underwriting commercial policies across the United States and globally. Its extensive operations are divided into two principal divisions: Insurance, and Reinsurance & Monoline Excess. The Insurance segment delivers a wide spectrum of commercial insurance solutions. This includes foundational coverages such as general liability, property, commercial auto, and professional liability, alongside specialized offerings like workers' compensation, environmental policies for diverse businesses, directors and officers (D&O) liability, cyber risk protection, and niche policies for fine arts and jewelry. The segment also extends to personal lines, providing home and automobile insurance, and specialized liability products for sectors such as law enforcement and public officials. Additionally, it offers accident and health insurance, group life, and crime and fidelity products, coupled with risk management and alternative risk program services. The Reinsurance & Monoline Excess segment focuses on assisting other insurance carriers and self-insured entities in effectively managing their overall risk exposure. This is accomplished through both treaty reinsurance, which handles portfolios of policies, and facultative reinsurance, designed for individual risks. Founded in 1967, W. R. Berkley Corporation is headquartered in Greenwich, Connecticut.

CEO
William Robert Berkley Jr.
Headquarters
Greenwich, CT
Employees
8,804
IPO
1973-10-23
Full company profile

Model estimates for research reference only, not investment advice. Every model rests on assumptions that may not match what happens; the formulas are in how we value a stock.