← 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income to common stockholders | $601.9m | $549.1m | $640.7m | $681.9m | $530.7m | $1.0b | $1.4b | $1.4b | $1.8b | $1.8b | |
| Net Income From Continuing Operations | — | — | — | — | — | — | $1.4b | $1.4b | $1.8b | $1.8b | |
| Depreciation and (accretion) amortization | $86.1m | $113.0m | $131.1m | $113.4m | $135.1m | $129.7m | $55.9m | ($20.9m) | ($170.6m) | ($48.1m) | |
| Depreciation And Amortization | — | — | — | — | — | — | $55.9m | ($20.9m) | ($170.6m) | ($48.1m) | |
| Deferred income taxes | $9.0m | ($16.9m) | ($74.8m) | $7.1m | ($34.1m) | $7.6m | ($64.7m) | ($26.7m) | $95.3m | $9.4m | |
| Proceeds From (Payments To) Equity Method Investments | — | — | $79.6m | ($194.7m) | $3.0m | ($101.0m) | ($24.6m) | $19.9m | $134.9m | $139.7m | |
| Net investment gains | ($267.0m) | ($335.9m) | ($154.5m) | ($120.7m) | ($103.0m) | ($90.6m) | ($202.4m) | ($47.0m) | ($117.7m) | ($132.2m) | |
| Investment funds | ($99.3m) | ($69.3m) | ($109.3m) | ($69.2m) | ($54.3m) | ($220.0m) | ($145.1m) | ($16.7m) | $11.5m | ($27.6m) | |
| Stock incentive plans | $37.2m | $40.5m | $36.6m | $49.3m | $49.7m | $46.7m | $49.4m | $51.0m | $54.4m | $54.5m | |
| Arbitrage trading account | ($10.6m) | ($4.9m) | ($19.1m) | ($26.6m) | ($67.9m) | ($268.6m) | ($53.3m) | ($54.2m) | $122.7m | ($56.9m) | |
| Premiums and fees receivable | ($60.4m) | ($67.8m) | ($43.8m) | ($189.2m) | ($173.6m) | ($364.4m) | ($268.2m) | ($334.2m) | ($184.4m) | ($129.6m) | |
| Reinsurance accounts | ($235.5m) | ($66.5m) | ($165.3m) | ($165.9m) | ($313.5m) | ($433.6m) | ($266.3m) | ($306.0m) | ($31.7m) | ($114.6m) | |
| Deferred policy acquisition costs | ($25.9m) | $30.3m | $7.8m | ($20.1m) | ($38.7m) | ($121.7m) | ($88.8m) | ($99.4m) | ($91.2m) | ($48.9m) | |
| Current income taxes | $42.6m | $25.9m | ($11.9m) | ($12.5m) | $49.0m | ($43.9m) | ($3.5m) | $52.5m | ($28.5m) | $63.9m | |
| Reserves for losses and loss expenses | $572.2m | $438.5m | $339.0m | $612.3m | $1.2b | $1.6b | $1.7b | $1.7b | $1.7b | $1.8b | |
| Unearned premiums | $149.7m | $4.2m | $84.1m | $301.4m | $416.0m | $786.6m | $466.6m | $617.5m | $485.5m | $321.7m | |
| Other | $46.9m | $66.5m | ($48.8m) | ($19.5m) | $43.0m | $89.5m | $19.9m | $14.5m | $70.9m | $139.2m | |
| Proceeds from sale of fixed maturity securities | $2.4b | $4.0b | $3.5b | $2.1b | $3.8b | $1.8b | $797.9m | $1.0b | $2.3b | $1.1b | |
| Proceeds from sale of equity securities | $143.0m | $195.3m | $498.0m | $80.0m | $114.8m | $127.0m | $82.3m | $318.9m | $331.3m | $430.4m | |
| Proceeds from maturities and prepayments of fixed maturity securities | $2.2b | $3.6b | $2.7b | $2.9b | $3.9b | $6.1b | $4.9b | $3.5b | $4.9b | $5.3b | |
| Purchase of fixed maturity securities | ($5.5b) | ($7.9b) | ($6.7b) | ($5.4b) | ($7.6b) | ($10.7b) | ($8.0b) | ($6.7b) | ($9.4b) | ($8.4b) | |
| Purchase of equity securities | ($202.7m) | ($27.5m) | ($85.6m) | ($173.0m) | ($253.0m) | ($464.6m) | ($340.5m) | ($80.5m) | ($207.5m) | ($418.4m) | |
| Real estate disposed (purchased) | — | — | ($514.1m) | ($146.8m) | $178.9m | $166.9m | ($45.9m) | ($2.1m) | ($66.6m) | $14.6m | |
| Change in loans receivable | $166.3m | $27.1m | ($13.2m) | $3.5m | $1.5m | ($27.4m) | ($83.2m) | ($29.7m) | ($210.8m) | $12.7m | |
| Net additions to property, furniture and equipment | ($50.8m) | ($115.7m) | ($49.9m) | ($60.5m) | ($38.2m) | ($66.6m) | ($52.7m) | ($53.1m) | ($105.6m) | ($170.0m) | |
| Change in balances due from security brokers | $21.0m | ($4.4m) | $4.3m | $2.8m | ($26.5m) | ($18.0m) | $14.3m | ($33.9m) | $107.3m | ($70.8m) | |
| Cash received in connection with business disposition | $250.2m | $0 | $8.7m | $0 | $0 | $0 | $906.8m | $96.6m | $0 | $0 | |
| Purchase of common treasury shares | ($132.4m) | ($47.8m) | ($24.8m) | ($18.2m) | ($346.4m) | ($122.4m) | ($94.1m) | ($537.2m) | ($303.7m) | ($270.2m) | |
| Other, net | ($3.8m) | ($6.0m) | ($17.7m) | ($21.4m) | ($56.2m) | ($45.2m) | ($12.8m) | ($22.9m) | ($20.0m) | ($53.9m) | |
| Beginning Cash Position | — | — | — | — | — | — | $1.6b | $1.4b | $1.4b | $2.0b | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($772.0m) | ($1.1b) | ($852.5m) | ($1.0b) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($1.9b) | ($2.0b) | ($2.2b) | ($2.0b) | |
| Change In Other Working Capital | — | — | — | — | — | — | ($314.7m) | ($265.8m) | $105.9m | $98.0m | |
| Change In Receivables | — | — | — | — | — | — | ($268.2m) | ($334.2m) | ($184.4m) | ($129.6m) | |
| Change In Working Capital | — | — | — | — | — | — | $1.4b | $1.6b | $2.1b | $2.0b | |
| Changes In Account Receivables | — | — | — | — | — | — | ($268.2m) | ($334.2m) | ($184.4m) | ($129.6m) | |
| Changes In Cash | — | — | — | — | — | — | ($94.7m) | ($95.2m) | $641.4m | $526.8m | |
| End Cash Position | — | — | — | — | — | — | $1.4b | $1.4b | $2.0b | $2.5b | |
| Financing Cash Flow | — | — | — | — | — | — | ($772.0m) | ($1.1b) | ($852.5m) | ($1.0b) | |
| Free Cash Flow | — | — | — | — | — | — | $2.5b | $2.9b | $3.6b | $3.4b | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | ($348.1m) | $6.7m | $14.6m | ($63.5m) | |
| Investing Cash Flow | — | — | — | — | — | — | ($1.9b) | ($2.0b) | ($2.2b) | ($2.0b) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | $857.2m | $85.0m | $0 | $0 | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($52.7m) | ($53.1m) | ($105.6m) | ($170.0m) | |
| Operating Gains Losses | — | — | — | — | — | — | ($348.1m) | $6.7m | $14.6m | ($63.5m) | |
| Other Non Cash Items | — | — | — | — | — | — | $3.9m | $2.5m | ($1.5m) | $5.4m | |
| Purchase Of Business | — | — | — | — | — | — | ($49.6m) | ($11.6m) | $0 | $0 | |
| Purchase Of PPE | — | — | — | — | — | — | ($52.7m) | ($53.1m) | ($105.6m) | ($170.0m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($94.1m) | ($537.2m) | ($303.7m) | ($270.2m) | |
| Sale Of Business | — | — | — | — | — | — | $906.8m | $96.6m | $0 | $0 | |
| Stock Based Compensation | — | — | — | — | — | — | $49.4m | $51.0m | $54.4m | $54.5m | |
| Unrealized Gain Loss On Investment Securities | — | — | — | — | — | — | $632k | ($70.4m) | ($120.8m) | ($96.3m) | |
| Net cash from operating activities | $848.4m | $710.9m | $620.2m | $1.1b | $1.6b | $2.2b | $2.6b | $2.9b | $3.7b | $3.6b | |
| Payment for business purchased, net of cash acquired | ($53.5m) | ($70.6m) | ($6.6m) | $0 | $0 | $0 | ($49.6m) | ($11.6m) | $0 | $0 | |
| Net Investment Properties Purchase And Sale | — | — | — | — | — | — | ($45.9m) | ($2.1m) | ($66.6m) | $14.6m | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | ($2.6b) | ($1.9b) | ($2.0b) | ($2.0b) | |
| Purchase Of Investment | — | — | — | — | — | — | ($8.4b) | ($6.7b) | ($9.6b) | ($8.8b) | |
| Sale Of Investment | — | — | — | — | — | — | $5.8b | $4.8b | $7.5b | $6.9b | |
| Net Other Investing Changes | — | — | — | — | — | — | $14.3m | ($33.9m) | $107.3m | ($70.8m) | |
| Net cash used in investing activities | ($794.5m) | ($333.5m) | ($714.2m) | ($424.9m) | $119.7m | ($3.0b) | ($1.9b) | ($2.0b) | ($2.2b) | ($2.0b) | |
| Net proceeds from issuance of debt | $388.8m | $7.0m | $294.6m | $291.0m | $741.6m | $1.0b | ($3.3m) | ($974k) | $3.1m | $0 | |
| Issuance Of Debt | — | — | — | — | — | — | $0 | $980k | $3.1m | $0 | |
| Long Term Debt Issuance | — | — | — | — | — | — | $0 | $980k | $3.1m | $0 | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($429.8m) | ($974k) | $3.1m | ($2.1m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($429.8m) | ($974k) | $3.1m | ($2.1m) | |
| Repayment of senior notes and other debt | ($75.5m) | ($20k) | ($4.5m) | ($456.4m) | ($652.8m) | ($505.0m) | ($426.5m) | $0 | $0 | ($2.1m) | |
| Long Term Debt Payments | — | — | — | — | — | — | ($429.8m) | ($2.0m) | $0 | ($2.1m) | |
| Repayment Of Debt | — | — | — | — | — | — | ($429.8m) | ($2.0m) | $0 | ($2.1m) | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($94.1m) | ($537.2m) | ($303.7m) | ($270.2m) | |
| Common Stock Payments | — | — | — | — | — | — | ($94.1m) | ($537.2m) | ($303.7m) | ($270.2m) | |
| Noncontrolling interests | $1.6m | $4.2m | $8.3m | $2.0m | $2.3m | $8.5m | $3.9m | $2.5m | ($1.5m) | $5.4m | |
| Cash dividends to common stockholders | ($184.0m) | ($188.2m) | ($255.0m) | ($308.2m) | ($84.1m) | ($355.7m) | ($235.2m) | ($501.5m) | ($532.0m) | ($700.3m) | |
| Cash Dividends Paid | — | — | — | — | — | — | ($235.2m) | ($501.5m) | ($532.0m) | ($700.3m) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($235.2m) | ($501.5m) | ($532.0m) | ($700.3m) | |
| Dividends Received CFI | — | — | — | — | — | — | $24.6m | ($19.9m) | $134.9m | $139.7m | |
| Net Other Financing Charges | — | — | — | — | — | — | ($12.8m) | ($22.9m) | ($20.0m) | ($53.9m) | |
| Net cash used in financing activities | ($6.9m) | ($235.1m) | ($7.4m) | ($513.2m) | ($397.8m) | $5.8m | ($772.0m) | ($1.1b) | ($852.5m) | ($1.0b) | |
| Net impact on cash due to change in foreign exchange rates | ($15.3m) | $12.9m | ($31.4m) | $379k | $10.1m | ($4.2m) | ($24.8m) | $9.1m | ($29.8m) | $38.4m | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | ($24.8m) | $9.1m | ($29.8m) | $38.4m | |
| Net increase (decrease) in cash and cash equivalents | $31.7m | $155.2m | ($132.9m) | $206.1m | $1.3b | ($803.5m) | ($119.5m) | ($86.2m) | $611.6m | $565.2m | |
| Cash and cash equivalents at beginning of year | $763.6m | $795.3m | $950.5m | $817.6m | $2.4b | $1.6b | $1.4b | $1.4b | $2.0b | $2.5b | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($119.5m) | ($86.2m) | $611.6m | $565.2m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.