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Berkley W R (WRB) Q2 2026 earnings results (second quarter 2026)

10-Q filed Jul 31, 2026

Berkley W R (WRB) reported revenue of $3.7B for the second quarter 2026 (Q2 2026), +1% from a year earlier and +0.7% from the quarter before. Operating margin was 15.5%, net earnings $452M (12.2% of revenue).

Revenue$3.7B
Year over year+1%
Quarter over quarter+0.7%
Operating margin15.5%
Net earnings$452M

Berkley W R, Q2 2026: revenue $3.7B (+1% year over year), operating margin 15.5%, net earnings $452M, operating cash flow $800M. The chart follows the revenue to costs, profit and cash.

Q2 2026AmountQ/QY/Y
Revenue$3.7B+0.7%+1%
Operating profit$575M-7%+10%
Net earnings$452M-12%+13%
Operating cash flow$800M+20%+14%

What changed

Revenue was $3.7B in Q2 2026, up 1% year over year and up 1% from the previous quarter.

Operating profit was $0.58B, a 15.5% margin (up 1.3 points year over year). Of the extra revenue versus Q2 2025, 118% reached operating profit, above the 14% margin then. Total costs fell 0% while revenue rose 1%. Net earnings were $0.45B, up 13% year over year. The effective tax rate was 21.4%.

Operating cash flow was $0.80B (up 14% year over year), 177% of net earnings. Non-cash charges added back $0.02B of share-based compensation. Working capital and other items added $0.33B.

Questions

What was Berkley W R's revenue in the second quarter 2026?

Berkley W R (WRB) reported revenue of $3.7B for the second quarter 2026 (Q2 2026), +1% from a year earlier and +0.7% from the quarter before.

Was Berkley W R profitable in the second quarter 2026?

Operating profit was $575M (15.5% of revenue) and net earnings $452M.

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Source: Berkley W R 10-Q on SEC EDGAR.