← BERKLEY W R CORP
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Loans receivable (net of allowance for expected credit losses of $161 and $1,114 at December 31, 2025 and 2024) | $106.8m | $79.7m | $94.8m | $91.8m | $84.9m | $115.2m | $193.0m | $201.3m | $405.5m | $418.9m | |
| Cash and cash equivalents | $795.3m | $950.5m | $817.6m | $1.0b | $2.4b | $1.6b | $1.4b | $1.4b | $2.0b | $2.5b | |
| Premiums and fees receivable (net of allowance for expected credit losses of $42,006 and $39,884 at December 31, 2025 and 2024) | $1.7b | $1.8b | $1.8b | $2.0b | $2.2b | $2.5b | $2.8b | $3.1b | $3.3b | $3.4b | |
| Prepaid reinsurance premiums | $413.1m | $472.0m | $498.9m | $567.6m | $648.4m | $676.9m | $696.5m | $758.9m | $823.2m | $881.8m | |
| Trading account receivable from brokers and clearing organizations | $484.6m | $189.3m | $347.2m | $423.5m | $524.7m | $0 | $233.9m | $303.6m | $60.3m | $11.7m | |
| Property, furniture and equipment | $349.4m | $423.0m | $416.4m | $422.1m | $405.9m | $419.9m | $423.2m | $426.8m | $478.5m | $596.2m | |
| Goodwill | $144.5m | $178.9m | $173.0m | $169.7m | $169.7m | $169.7m | $185.5m | $174.6m | $184.3m | $184.3m | |
| Other assets | $402.6m | $434.6m | $501.4m | $762.7m | $700.2m | $753.2m | $736.0m | $865.6m | $877.1m | $809.4m | |
| Fixed maturity securities (amortized cost of $25,170,368 and $23,010,899; allowance for expected credit losses of $74 and $671 at December 31, 2025 and 2024) | $13.2b | $13.6b | $13.6b | $14.2b | $14.2b | $16.6b | $17.6b | $20.2b | $22.4b | $25.0b | |
| Investment funds | $1.2b | $1.2b | $1.3b | $1.2b | $1.3b | $1.5b | $1.6b | $1.6b | $1.5b | $1.4b | |
| Real estate | $1.2b | $1.5b | $2.0b | $2.1b | $2.0b | $1.9b | $1.3b | $1.2b | $1.3b | $1.3b | |
| Arbitrage trading account | $300.0m | $617.6m | $452.5m | $400.8m | $341.5m | $1.2b | $944.2m | $938.0m | $1.1b | $1.2b | |
| Equity securities | — | $576.6m | $279.0m | $480.6m | $625.7m | $941.2m | $1.2b | $1.1b | $1.2b | $1.4b | |
| Due from reinsurers (net of allowance for expected credit losses of $6,378 and $8,350 at December 31, 2025 and 2024) | $1.7b | $1.8b | $1.9b | $2.1b | $2.4b | $2.9b | $3.2b | $3.5b | $3.6b | $3.5b | |
| Deferred policy acquisition costs | $537.9m | $507.5m | $497.6m | $517.4m | $556.2m | $676.1m | $763.5m | $861.6m | $951.7m | $1.0b | |
| Current federal and foreign income taxes | $14.8m | $11.3m | $0 | $13.4m | $41.3m | $21.1m | $34.4m | $47.5m | $53.5m | $83.4m | |
| Deferred federal and foreign income taxes | $134.4m | $86.8m | $0 | $17.7m | $42.2m | $17.5m | $11.6m | $42.7m | $65.2m | $99.9m | |
| Reserves for losses and loss expenses | $11.2b | $11.7b | $12.0b | $12.6b | $13.8b | $15.4b | $17.0b | $18.7b | $20.4b | $22.2b | |
| Unearned premiums | $3.3b | $3.3b | $3.4b | $3.7b | $4.1b | $4.8b | $5.3b | $5.9b | $6.4b | $6.7b | |
| Due to reinsurers | $213.1m | $246.5m | $256.9m | $360.3m | $426.1m | $515.0m | $523.1m | $631.2m | $668.7m | $615.8m | |
| Trading account securities sold but not yet purchased | $51.2m | $64.4m | $38.1m | $36.1m | $10.0m | $1.2m | $0 | $9.4m | $73.4m | $66.3m | |
| Senior notes and other debt | $1.8b | $1.8b | $1.9b | $1.4b | $1.6b | $2.3b | $1.8b | $1.8b | $1.8b | $1.8b | |
| Subordinated debentures | $727.6m | $728.2m | $907.5m | $1.2b | $1.1b | $1.0b | $1.0b | $1.0b | $1.0b | $1.0b | |
| Other liabilities | $916.3m | $982.0m | $1.0b | $1.2b | $1.2b | $1.3b | $1.4b | $1.5b | $1.7b | $1.7b | |
| Common stock, par value $.20 per share: Authorized 500,000,000 shares, issued and outstanding, net of treasury shares, 177,825,150 and 183,411,907 shares, respectively | 158.7m | 158.7m | 158.7m | 158.7m | 158.7m | 158.7m | 158.7m | 158.7m | 158.7m | 158.7m | |
| Total investments | $16.6b | $17.5b | $17.7b | $18.5b | $18.5b | $22.2b | $22.9b | $25.3b | $27.9b | $30.7b | |
| Total equity | $5.1b | $5.5b | $5.5b | $6.1b | $6.3b | $6.7b | $6.8b | $7.5b | $8.4b | $9.7b | |
| Total assets | $23.4b | $24.3b | $24.9b | $26.6b | $28.6b | $32.1b | $33.9b | $37.2b | $40.6b | $44.1b | |
| Accrued investment income | $127.0m | $136.6m | $144.5m | $138.8m | $120.5m | $122.9m | $166.8m | $213.4m | $243.8m | $255.2m | |
| Total liabilities | $18.3b | $18.8b | $19.4b | $20.5b | $22.3b | $25.4b | $27.1b | $29.7b | $32.2b | $34.4b | |
| Preferred stock, par value $.10 per share: Authorized 5,000,000 shares; issued and outstanding - none | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Additional paid-in capital | $1.0b | $1.0b | $1.1b | $1.1b | $1.0b | $1.0b | $997.5m | $1.0b | $984.8m | $987.7m | |
| Retained earnings | $6.6b | $7.0b | $7.6b | $7.9b | $8.3b | $9.0b | $10.2b | $11.0b | $12.3b | $13.3b | |
| Accumulated other comprehensive loss | $55.6m | $68.5m | ($510.5m) | ($257.3m) | ($62.2m) | ($282.0m) | ($1.3b) | ($925.8m) | ($934.3m) | ($451.1m) | |
| Treasury stock, at cost, 416,366,010 and 413,455,739 shares, respectively | ($2.7b) | ($2.7b) | ($2.7b) | ($2.7b) | ($3.1b) | ($3.2b) | ($3.3b) | ($3.8b) | ($4.1b) | ($4.3b) | |
| Common stock, authorized (in shares) | — | — | — | — | — | — | — | — | $1.9b | $1.9b | |
| Total common stockholders’ equity | $5.0b | $5.4b | $5.4b | $6.1b | $6.3b | $6.7b | $6.7b | $7.5b | $8.4b | $9.7b | |
| Noncontrolling interests | $33.9m | $39.8m | $41.9m | $43.4m | $15.0m | $14.7m | $19.8m | $13.8m | $12.3m | $11.1m | |
| Total liabilities and equity | $23.4b | $24.3b | $24.9b | $26.6b | $28.6b | $32.1b | $33.9b | $37.2b | $40.6b | $44.1b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.