CluenexW. R. Berkley Corporation WRB
W. R. Berkley Corporation scores good on business quality (6.5 of 10). Here is why, in plain words, and what our sealed record shows.
Why it matters
- What W. R. Berkley Corporation does
W. R. Berkley writes specialized commercial property and casualty insurance, collecting premiums across niche markets through its decentralized operating units. Policyholders pay upfront premiums which are then deployed into investment portfolios until claims are paid.
- What it does best
Specialized commercial insurance underwriting. W. R. Berkley generates a 19.7% ROE, outperforming peers like AIG at 7.3%. This edge stems from decentralized operating units that adapt pricing faster than centralized insurance bureaucracies.
- The main risk
Catastrophic loss exposure within property and casualty lines. Unexpected claims inflation or severe weather events directly pressure operating margins, which sit at 17.4% and leave little room for underwriting missteps.
Quality, check by check
Scored against its own industry, from company filings.
Operating margins hit 17.4% alongside a 12.7% net margin. Margins are stable as underwriting discipline offsets loss costs. The model scales efficiently since fee and premium income outpaces overhead expenses.
Specialized domain expertise locks in commercial policyholders who require custom coverage. Its 65th percentile ROE rank shows solid capital returns, though rivals can replicate niche products within a few years.
Revenue grew 7.5% to $15.0B, maintaining steady expansion. History shows consistent top-line gains from $8.1B in 2020, though the current rate trails high-growth specialty peers like Progressive at 16.3%.
Debt-to-equity sits at 0.3x with interest coverage at 20.5x, keeping debt costs manageable. Free cash flow reached $3.4B. The balance sheet is getting stronger as net debt dropped to $300M.
Insiders
Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.
No open market buys or unplanned sales by executives or directors.
Our sealed record on WRB
Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.
The first sealed verdicts appear here on Oct 11, 2026.
Questions
W. R. Berkley Corporation scores good on the Cluenex quality check (6.5 of 10), measured against its own industry. Profitability is fair, moat strong, growth steady and financial health strong.
In the last 90 days of SEC Form 4 filings: No open market buys or unplanned sales by executives or directors.
Oct 19, 2026, after the close.
See WRB today
- Today's verdict on WRB, and why
- Fair value with cautious, base and optimistic cases
- The exact price that would change the verdict
- Which stocks each signal names, the night it fires
Cite this page: Cluenex, “W. R. Berkley Corporation (WRB)”, https://cluenex.com/stocks/wrb/, data as of Oct 10, 2026.