Filing Flows › Berkley W R (WRB) › Q1 2026
Berkley W R (WRB) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 1, 2026
Berkley W R (WRB) reported revenue of $3.7B for the first quarter 2026 (Q1 2026), +4% from a year earlier and -0.8% from the quarter before. Operating margin was 16.7%, net earnings $515M (14.0% of revenue).
Berkley W R, Q1 2026: revenue $3.7B (+4% year over year), operating margin 16.7%, net earnings $515M, operating cash flow $668M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.7B | -0.8% | +4% |
| Operating profit | $616M | +8% | +14% |
| Net earnings | $515M | +15% | +23% |
| Operating cash flow | $668M | -33% | -10% |
What changed
Revenue was $3.7B in Q1 2026, up 4% year over year and down 1% from the previous quarter.
Operating profit was $0.62B, a 16.7% margin (up 1.5 points year over year). Of the extra revenue versus Q1 2025, 54% reached operating profit, above the 15% margin then. Total costs grew 2% against revenue growth of 4%. Net earnings were $0.52B, up 23% year over year. The effective tax rate was 16.3%.
Operating cash flow was $0.67B (down 10% year over year), 130% of net earnings. Non-cash charges added back $0.01B of share-based compensation. Working capital and other items added $0.14B.
Questions
What was Berkley W R's revenue in the first quarter 2026?
Berkley W R (WRB) reported revenue of $3.7B for the first quarter 2026 (Q1 2026), +4% from a year earlier and -0.8% from the quarter before.
Was Berkley W R profitable in the first quarter 2026?
Operating profit was $616M (16.7% of revenue) and net earnings $515M.
Source: Berkley W R 10-Q on SEC EDGAR.