W. R. Berkley Corporation (WRB) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 3.69B | 3.72B | 3.77B | 3.67B | 3.55B | 3.67B | 3.4B | 3.31B | 3.26B | 3.22B | 3.03B | 3B | 2.9B | 3.01B | 2.72B | 2.51B | 2.92B | 2.58B | 2.42B | 2.3B |
| Revenue Growth % | 3.98% | 1.4% | 10.82% | 10.77% | 8.92% | 13.85% | 12.2% | 10.62% | 12.5% | 6.89% | 11.24% | 19.22% | -0.7% | 16.89% | 12.38% | 9.44% | 35.17% | 11.49% | 18.85% | 18.6% |
| Medical Costs & Claims | 1.94B | 2.95B | 3.08B | 2.99B | 2.76B | 2.74B | 2.68B | 2.62B | 2.48B | 2.42B | 2.4B | 2.31B | 2.31B | 2.27B | 2.3B | 2.11B | 2.02B | 1.99B | 1.92B | 1.81B |
| Medical Cost Ratio % | 52.49% | 79.42% | 81.77% | 81.58% | 77.87% | 74.75% | 78.91% | 78.93% | 76.05% | 75.13% | 79.34% | 77.17% | 79.7% | 75.37% | 84.42% | 84.08% | 69.27% | 77.06% | 79.36% | 78.96% |
| Gross Profit | 1.75B | 765.46M | 687.05M | 676.08M | 785.12M | 925.98M | 717.26M | 698.36M | 780.02M | 801.29M | 626.21M | 684.1M | 587.61M | 742.33M | 424.51M | 400.09M | 895.77M | 591.35M | 500.34M | 483.13M |
| Gross Margin % | 47.51% | 20.58% | 18.23% | 18.42% | 22.13% | 25.25% | 21.09% | 21.07% | 23.95% | 24.87% | 20.66% | 22.83% | 20.3% | 24.63% | 15.58% | 15.92% | 30.73% | 22.94% | 20.64% | 21.04% |
| Gross Profit Growth % | 123.23% | -17.34% | -4.21% | -3.19% | 0.65% | 15.56% | 14.54% | 2.08% | 32.74% | 7.94% | 47.51% | 70.99% | -34.4% | 25.53% | -15.15% | -17.19% | 99.97% | -4.76% | 39.07% | 100.62% |
| Operating Expenses | 1.14B | 158.95M | 19.75M | 154.21M | 246.51M | 197.68M | 242.81M | 210.68M | 205.95M | 300.1M | 206.26M | 226.91M | 211.54M | 263.91M | 138.25M | 177.53M | 163.34M | 236.73M | 168.06M | 183.19M |
| OpEx / Revenue % | 30.81% | 4.27% | 0.52% | 4.2% | 6.95% | 5.39% | 7.14% | 6.36% | 6.32% | 9.32% | 6.81% | 7.57% | 7.31% | 8.76% | 5.07% | 7.06% | 5.6% | 9.18% | 6.93% | 7.98% |
| Depreciation & Amortization | -15.47M | 0 | -9.07M | -13.97M | -9.79M | -13.64M | -11.93M | -64.28M | -80.78M | -24.16M | -3.61M | -2.84M | 9.74M | 9.84M | 8.8M | 12.61M | 24.63M | 28.35M | 30.73M | 37.05M |
| Combined Ratio % | 83.3% | 83.69% | 82.29% | 85.78% | 84.82% | 80.14% | 86.05% | 85.28% | 82.37% | 84.44% | 86.14% | 84.74% | 87.01% | 84.13% | 89.49% | 91.14% | 74.88% | 86.25% | 86.29% | 86.94% |
| Operating Income | 616.1M | 606.51M | 667.3M | 521.86M | 538.61M | 728.3M | 474.45M | 487.67M | 574.07M | 501.2M | 419.95M | 457.18M | 376.07M | 478.42M | 286.26M | 222.56M | 732.43M | 354.62M | 332.28M | 299.94M |
| Operating Margin % | 16.7% | 16.31% | 17.71% | 14.22% | 15.18% | 19.86% | 13.95% | 14.72% | 17.63% | 15.56% | 13.86% | 15.26% | 12.99% | 15.87% | 10.51% | 8.86% | 25.12% | 13.75% | 13.71% | 13.06% |
| Operating Income Growth % | 14.39% | -16.72% | 40.65% | 7.01% | -6.18% | 45.31% | 12.98% | 6.67% | 52.65% | 4.76% | 46.7% | 105.42% | -48.65% | 34.91% | -13.85% | -25.8% | 147.39% | -11.21% | 60.98% | 184.44% |
| EBITDA | 600.63M | 601.57M | 658.24M | 507.89M | 528.82M | 714.66M | 462.52M | 423.39M | 493.29M | 477.04M | 416.34M | 454.35M | 385.81M | 488.26M | 295.06M | 235.17M | 757.06M | 382.97M | 363.01M | 336.99M |
| EBITDA Margin % | 16.28% | 16.18% | 17.47% | 13.84% | 14.91% | 19.49% | 13.6% | 12.78% | 15.15% | 14.81% | 13.74% | 15.17% | 13.33% | 16.2% | 10.83% | 9.36% | 25.97% | 14.85% | 14.97% | 14.68% |
| Interest Expense | 31.71M | 31.63M | 31.76M | 31.78M | 31.73M | 31.75M | 31.72M | 31.71M | 31.73M | 31.88M | 31.89M | 31.86M | 31.84M | 31.9M | 31.78M | 31.72M | 34.97M | 37.33M | 35.1M | 38.1M |
| Non-Operating Income | -31.71M | 4.93M | -12.17M | -31.78M | -31.73M | -31.75M | -31.72M | -31.71M | -31.73M | -31.88M | -31.89M | -31.86M | -31.84M | -31.9M | -31.78M | -31.72M | -34.97M | -37.33M | -35.1M | -38.1M |
| Pretax Income | 616.1M | 571.96M | 648.11M | 521.86M | 538.61M | 728.3M | 474.45M | 487.67M | 574.07M | 501.2M | 419.95M | 457.18M | 376.07M | 478.42M | 286.26M | 222.56M | 732.43M | 354.62M | 332.28M | 299.94M |
| Pretax Margin % | 16.7% | 15.38% | 17.2% | 14.22% | 15.18% | 19.86% | 13.95% | 14.72% | 17.63% | 15.56% | 13.86% | 15.26% | 12.99% | 15.87% | 10.51% | 8.86% | 25.12% | 13.75% | 13.71% | 13.06% |
| Income Tax | 100.52M | 117.21M | 136.14M | 121.16M | 121.26M | 152.96M | 109.14M | 115.79M | 132.04M | 102.23M | 86.52M | 101.46M | 80.34M | 96.44M | 55.79M | 43.09M | 139.4M | 60.31M | 64.96M | 62.26M |
| Effective Tax Rate % | 16.32% | 20.49% | 21.01% | 23.22% | 22.51% | 21% | 23% | 23.74% | 23% | 20.4% | 20.6% | 22.19% | 21.36% | 20.16% | 19.49% | 19.36% | 19.03% | 17.01% | 19.55% | 20.76% |
| Net Income | 515.22M | 449.51M | 511.03M | 401.29M | 417.57M | 576.1M | 365.63M | 371.91M | 442.47M | 397.34M | 333.59M | 356.31M | 294.13M | 382.22M | 228.88M | 179.32M | 590.64M | 294.43M | 261.3M | 237.24M |
| Net Margin % | 13.97% | 12.09% | 13.56% | 10.93% | 11.77% | 15.71% | 10.75% | 11.22% | 13.59% | 12.33% | 11.01% | 11.89% | 10.16% | 12.68% | 8.4% | 7.14% | 20.26% | 11.42% | 10.78% | 10.33% |
| Net Income Growth % | 23.38% | -21.97% | 39.77% | 7.9% | -5.63% | 44.99% | 9.61% | 4.38% | 50.44% | 3.95% | 45.75% | 98.7% | -50.2% | 29.82% | -12.41% | -24.41% | 157.33% | -5.68% | 72.27% | 232.92% |
| EPS (Diluted) | 1.31 | 1.13 | 1.28 | 1.00 | 1.04 | 1.44 | 0.91 | 0.92 | 1.09 | 0.98 | 0.82 | 0.87 | 0.71 | 0.91 | 0.55 | 0.43 | 1.41 | 0.71 | 0.62 | 0.57 |
| EPS Growth % | 25.96% | -21.53% | 40.66% | 8.7% | -4.59% | 46.94% | 10.98% | 5.75% | 53.52% | 7.69% | 49.09% | 102.33% | -49.65% | 28.17% | -11.29% | -24.56% | 156.36% | -4.05% | 72.22% | 235.29% |
| EPS (Basic) | 1.31 | 1.13 | 1.29 | 1.01 | 1.05 | 1.45 | 0.92 | 0.93 | 1.10 | 0.98 | 0.83 | 0.88 | 0.71 | 0.92 | 0.55 | 0.43 | 1.42 | 0.71 | 0.63 | 0.57 |
| Diluted Shares Outstanding | 394.78M | 399.13M | 400.2M | 400.37M | 399.82M | 400.89M | 401.82M | 403.74M | 405.76M | 406.52M | 407.16M | 409.64M | 416.01M | 418.33M | 419.46M | 419.29M | 418.74M | 417.8M | 420.17M | 420.99M |