Filing Flows › Berkley W R (WRB) › Q2 2025
Berkley W R (WRB) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 4, 2025
Berkley W R (WRB) reported revenue of $3.7B for the second quarter 2025 (Q2 2025), +11% from a year earlier and +3% from the quarter before. Operating margin was 14.2%, net earnings $401M (10.9% of revenue).
Berkley W R, Q2 2025: revenue $3.7B (+11% year over year), operating margin 14.2%, net earnings $401M, operating cash flow $704M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.7B | +3% | +11% |
| Operating profit | $522M | -3% | +7% |
| Net earnings | $401M | -4% | +8% |
| Operating cash flow | $704M | -5% | -20% |
What changed
Revenue was $3.7B in Q2 2025, up 11% year over year and up 3% from the previous quarter.
Operating profit was $0.52B, a 14.2% margin (down 0.5 points year over year). Of the extra revenue versus a year earlier, 10% reached operating profit, below the 15% margin then. Total costs grew 11% against revenue growth of 11%. Net earnings were $0.40B, up 8% year over year. The effective tax rate was 23.2%.
Operating cash flow was $0.70B (down 20% year over year), 176% of net earnings. Non-cash charges added back $0.02B of share-based compensation. Working capital and other items added $0.29B.
Questions
What was Berkley W R's revenue in the second quarter 2025?
Berkley W R (WRB) reported revenue of $3.7B for the second quarter 2025 (Q2 2025), +11% from a year earlier and +3% from the quarter before.
Was Berkley W R profitable in the second quarter 2025?
Operating profit was $522M (14.2% of revenue) and net earnings $401M.
Source: Berkley W R 10-Q on SEC EDGAR.