OverviewSuggest Edit

W. R. Berkley is a financial services company focused on the property and casualty insurance business. It operates through two segments: Insurance and Reinsurance & Monoline Excess. The Insurance segment underwrites insurance business, including premises operations, commercial automobile, property, products liability, and professional liability lines. This segment also provides commercial insurance products and services to small-to-midsized businesses. The Reinsurance & Monoline Excesssegment provides other insurance companies with assistance in managing their net risk.

TypePublic
Founded1967
HQGreenwich, CT, US
Websiteberkley.com
Employee Ratings3

Locations

W.R. Berkley is headquartered in
Greenwich, United States

Location Map

Latest Updates

Employees (est.) (Dec 2020)7,495
Job Openings376
Revenue (FY, 2020)$8.1 B(+3%)
Share Price (Sept 2021)$71.7
Cybersecurity ratingAMore

Key People/Management at W.R. Berkley

W. Robert Berkley

W. Robert Berkley

Chief Executive Officer and President
William R. Berkley

William R. Berkley

Executive Chairman
Richard M. Baio

Richard M. Baio

Executive Vice President Chief Financial Officer and Treasurer
Lucille T. Sgaglione

Lucille T. Sgaglione

Executive Vice President
James G. Shiel

James G. Shiel

Executive Vice President Investments
James P. Bronner

James P. Bronner

Executive Vice President
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W.R. Berkley Office Locations

W.R. Berkley has offices in Greenwich, Albany, Appleton, Arlington and in 75 other locations
Greenwich, CT, US (HQ)
475 Steamboat Rd
Albany, NY, US
30 S Pearl St 6th floor
Appleton, WI, US
2935 N Ballard Rd
Arlington, VA, US
2111 Wilson Blvd
Atlanta, GA, US
2 Ravinia Dr NE
Bellevue, WA, US
13920 SE Eastgate Way #120
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W.R. Berkley Financials and Metrics

W.R. Berkley Revenue

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W.R. Berkley's revenue was reported to be $8.1 b in FY, 2020 which is a 2.5% increase from the previous period.
USD

Revenue (Q2, 2021)

2.3b

Gross profit (Q2, 2021)

1.1b

Gross profit margin (Q2, 2021), %

47.6%

Net income (Q2, 2021)

237.7m

Market capitalization (15-Sept-2021)

12.7b

Closing stock price (15-Sept-2021)

71.7

Cash (30-Jun-2021)

1.8b
W.R. Berkley's current market capitalization is $12.7 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

7.7b7.9b8.1b

Revenue growth, %

3%2%

Cost of goods sold

4.0b4.1b4.5b

Gross profit

3.7b3.8b3.6b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Revenue

1.9b2.0b2.0b1.8b1.9b2.0b2.2b2.3b

Cost of goods sold

988.7m1.0b1.0b1.1b1.1b1.1b1.1b1.2b

Gross profit

948.4m994.6m924.2m703.4m800.9m925.2m1.0b1.1b

Gross profit Margin, %

49%49%47%39%41%45%48%48%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

817.6m1.0b2.4b

Accounts Receivable

3.7b4.1b4.6b

Prepaid Expenses

498.9m567.6m648.4m

PP&E

416.4m422.1m405.9m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Cash

937.4m1.3b812.6m965.0m2.4b2.6b2.0b1.8b

Accounts Receivable

3.9b4.1b4.1b4.3b4.5b4.5b4.8b

Prepaid Expenses

516.7m538.4m547.4m576.6m608.9m626.2m668.1m

PP&E

406.8m398.9m417.0m422.0m414.3m410.2m404.3m428.7m
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

640.7m681.9m530.7m

Depreciation and Amortization

131.1m113.4m135.1m

Cash From Operating Activities

620.2m1.1b1.6b

Purchases of PP&E

(49.9m)(60.5m)(38.2m)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Net Income

180.7m397.4m562.6m(4.4m)66.8m218.5m229.5m466.8m

Depreciation and Amortization

27.4m51.3m42.0m25.1m64.1m96.2m33.5m70.6m

Cash From Operating Activities

78.3m402.6m795.0m152.6m579.9m1.1b311.0m695.8m

Purchases of PP&E

(3.3m)(10.8m)(1.8m)(24.2m)(23.0m)(31.0m)(10.9m)
USDFY, 2018

EV/CFO

17.7 x

Revenue/Employee

1.0m

Debt/Equity

0.5 x

Debt/Assets

0.1 x

Financial Leverage

4.5 x

P/E Ratio

9.9
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W.R. Berkley Operating Metrics

W.R. Berkley's Reported Claims, units was reported to be 128 in FY, 2020.
FY, 2018FY, 2019FY, 2020

Countries

616161

Customers (Preferred Employers Insurance)

12 k18 k15 k

Reported Claims, units

156158128

Workers' Compensation Cases Received

535039
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W.R. Berkley Acquisitions / Subsidiaries

Company NameDateDeal Size
American Mining Insurance CompanyOctober 05, 2007
Garnet Captive ServicesAugust 01, 2006
120dB Films Capital, LLC
120dB Films Lending, LLC
34 Leadenhall Street Limited
52 Lime Street Management Limited
860 Development Co LLC
860 Washington Street LLC
Abercrombie Textiles, LLC
Acadia Insurance Company
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W.R. Berkley Revenue Breakdown

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W.R. Berkley revenue breakdown by business segment: 6.3% from Corporate & Other, 12.5% from Reinsurance, 80.0% from Insurance and 1.3% from Other

Human Capital Metrics

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W.R. Berkley Cybersecurity Score

Cybersecurity ratingPremium dataset

A

95/100

SecurityScorecard logo

W.R. Berkley Online and Social Media Presence

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W.R. Berkley Frequently Asked Questions

  • When was W.R. Berkley founded?

    W.R. Berkley was founded in 1967.

  • Who are W.R. Berkley key executives?

    W.R. Berkley's key executives are W. Robert Berkley, William R. Berkley and Richard M. Baio.

  • How many employees does W.R. Berkley have?

    W.R. Berkley has 7,495 employees.

  • What is W.R. Berkley revenue?

    Latest W.R. Berkley annual revenue is $8.1 b.

  • What is W.R. Berkley revenue per employee?

    Latest W.R. Berkley revenue per employee is $1.1 m.

  • Who are W.R. Berkley competitors?

    Competitors of W.R. Berkley include ProSight Global, Cincinnati Financial Corporation and Alleghany Corporation.

  • Where is W.R. Berkley headquarters?

    W.R. Berkley headquarters is located at 475 Steamboat Rd, Greenwich.

  • Where are W.R. Berkley offices?

    W.R. Berkley has offices in Greenwich, Albany, Appleton, Arlington and in 75 other locations.

  • How many offices does W.R. Berkley have?

    W.R. Berkley has 99 offices.