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How Berkley W R (WRB) makes money

Berkley W R (WRB) made $3.7B of revenue in the third quarter 2026 (Q3 2026), -0.8% from a year earlier. Of every dollar of revenue, 15¢ was left as operating profit, 12¢ was left as net earnings.

Drawing the Sankey…

Berkley W R revenue by quarterBerkley W R revenue by quarter$3.5BQ1 2025$3.7BQ2 2025$3.8BQ3 2025$3.7BQ4 2025$3.7BQ1 2026$3.7BQ2 2026$3.7BQ3 2026
Berkley W R: where each dollar of revenue goesBerkley W R: where each dollar of revenue goesOperating profit15¢Income tax3¢Net earnings12¢Operating cash flow20¢

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$3.7B100.0%
Operating profit$574M15.4%
Income tax$126M3.4%
Net earnings$448M12.0%
Operating cash flow$731M19.6%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$3.7B-0.8%
Q2 2026$3.7B+1%
Q1 2026$3.7B+4%
Q4 2025$3.7B+2%
Q3 2025$3.8B+11%
Q2 2025$3.7B+11%
Q1 2025$3.5B+9%

From Berkley W R's 10-Q filed Nov 2, 2026 (on EDGAR).

Questions

How does Berkley W R make money?

Berkley W R (WRB) made $3.7B of revenue in the third quarter 2026 (Q3 2026), -0.8% from a year earlier. Of every dollar of revenue, 15¢ was left as operating profit, 12¢ was left as net earnings.

What is Berkley W R's profit margin?

Net earnings were $448M, 12.0% of revenue, in the third quarter 2026; the operating margin was 15.4%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.