Filing Flows › Financials › Berkley W R (WRB)
Berkley W R (WRB) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 2, 2026 · Berkley W R (WRB) Q3 2026 earnings results →
Q3 2026 Revenue down 1% year over year to $3.7B · 12¢ of every $1 of revenue kept as net profit · operating margin 15.4%
Berkley W R made $3.7B in Q3 2026 (-0.8% Y/Y). Operating margin 15.4%, net earnings $448M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 2, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $3.7B in Q3 2026, down 1% year over year and up 1% from the previous quarter.
Operating profit was $0.57B, a 15.4% margin (down 1.8 points year over year). Total costs grew 1% against a revenue fall of 1%. Net earnings were $0.45B, down 13% year over year. The effective tax rate was 21.9%.
Operating cash flow was $0.73B (down 36% year over year), 163% of net earnings. Non-cash charges added back $0.02B of share-based compensation. Working capital and other items added $0.26B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 2, 2026 | $3.7B | -0.8% | 15.4% | $448M | $731M |
| Q2 2026 | 10-Q | Jul 31, 2026 | $3.7B | +1% | 15.5% | $452M | $800M |
| Q1 2026 | 10-Q | May 1, 2026 | $3.7B | +4% | 16.7% | $515M | $668M |
| Q4 2025 | 10-K | Feb 27, 2026 | $3.7B | +2% | 15.4% | $450M | $995M |
| Q3 2025 | 10-Q | Nov 3, 2025 | $3.8B | +11% | 17.2% | $512M | $1.1B |
| Q2 2025 | 10-Q | Aug 4, 2025 | $3.7B | +11% | 14.2% | $401M | $704M |
| Q1 2025 | 10-Q | May 2, 2025 | $3.5B | +9% | 15.2% | $417M | $744M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Berkley W R
W. R. Berkley Corporation is an insurance holding company that is among the largest commercial lines writers in the United States and operates worldwide in two segments of the property casualty insurance business: • Insurance - Our Insurance businesses underwrite predominantly commercial insurance business, including excess and surplus lines, admitted lines and specialty personal lines throughout the United States, as well as insurance business in Asia, Australia, Canada, Continental Europe, Mexico, Scandinavia, South America and the United Kingdom.
In its own words, from its 10-K, filed Feb 27, 2026.
Berkley W R against its Fire, Marine & Casualty Insurance peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -0.8% against the peers' median +2%. Operating margin: 15.4% against the peers' median 15.4%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| WRB Berkley W R | Q3 2026 | $3.7B | -0.8% | 15.4% |
| BRK-B Berkshire Hathaway | Q2 2026 | $101.8B | +10% | 15.5% |
| PGR Progressive | Q3 2026 | $23.2B | +3% | 14.0% |
| ALL Allstate | Q3 2026 | $17.3B | +0.5% | 15.1% |
| CB Chubb | Q3 2026 | $16.2B | +0.3% | 21.0% |
| TRV Travelers Companies | Q3 2026 | $12.4B | -0.5% | 19.1% |
| AIG American International Group | Q3 2026 | $7.4B | +17% | 15.0% |
| HIG Hartford Insurance Group | Q3 2026 | $7.2B | +4% | 21.9% |
| L Loews | Q3 2026 | $4.8B | +2% | 8.5% |
Source: Berkley W R 10-Q on SEC EDGAR · CIK 11544 · Fire, Marine & Casualty Insurance
13F: who owns WRB and who is buying
More on WRB
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results