Loading...

W. R. Berkley

DB:WR1
Snowflake Description

Solid track record established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
WR1
DB
$12B
Market Cap
  1. Home
  2. DE
  3. Insurance
Company description

W. R. Berkley Corporation, an insurance holding company, operates as a commercial lines writer in the United States and internationally. The last earnings update was 68 days ago. More info.


Add to Portfolio Compare Print
WR1 Share Price and Events
7 Day Returns
0.8%
DB:WR1
-1%
DE Insurance
-1.8%
DE Market
1 Year Returns
43.7%
DB:WR1
20.6%
DE Insurance
-6.7%
DE Market
WR1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
W. R. Berkley (WR1) 0.8% 4.3% 17.4% 43.7% 68.2% 166.3%
DE Insurance -1% 3.2% 4% 20.6% 60.3% 60.2%
DE Market -1.8% 1.6% -1.6% -6.7% 10.1% 11%
1 Year Return vs Industry and Market
  • WR1 outperformed the Insurance industry which returned 20.6% over the past year.
  • WR1 outperformed the Market in Germany which returned -6.7% over the past year.
Price Volatility
WR1
Industry
5yr Volatility vs Market

Value

 Is W. R. Berkley undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of W. R. Berkley to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for W. R. Berkley.

DB:WR1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 6 analysts.
= Stable Book Value * Return on Equity
= $34.77 * 9.5%
$3.30
Book Value of Equity per Share Weighted future Book Value estimates from 6 analysts. $34.77
Discount Rate (Cost of Equity) See below 5.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:WR1
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.686 (1 + (1- 21%) (24.12%))
0.877
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.88
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.877 * 5.96%)
5.46%

Discounted Cash Flow Calculation for DB:WR1 using Excess Returns Model Model

The calculations below outline how an intrinsic value for W. R. Berkley is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:WR1 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (9.5% – 5.46%) * $34.77)
$1.40
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $1.40 / (5.46% - 0.23%)
$26.84
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $34.77 + $26.84
$61.61
DB:WR1 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:WR1 represents 0.87925x of NYSE:WRB
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.87925x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 61.61 x 0.87925
€54.17
Value per share (EUR) From above. €54.17
Current discount Discount to share price of €60.00
= -1 x (€60.00 - €54.17) / €54.17
-10.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of W. R. Berkley is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for W. R. Berkley's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are W. R. Berkley's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:WR1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $3.44
NYSE:WRB Share Price ** NYSE (2019-07-15) in USD $68.24
Germany Insurance Industry PE Ratio Median Figure of 6 Publicly-Listed Insurance Companies 13.39x
Germany Market PE Ratio Median Figure of 419 Publicly-Listed Companies 20.05x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of W. R. Berkley.

DB:WR1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:WRB Share Price ÷ EPS (both in USD)

= 68.24 ÷ 3.44

19.82x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • W. R. Berkley is overvalued based on earnings compared to the DE Insurance industry average.
  • W. R. Berkley is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does W. R. Berkley's expected growth come at a high price?
Raw Data
DB:WR1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19.82x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
-1.3%per year
Germany Insurance Industry PEG Ratio Median Figure of 5 Publicly-Listed Insurance Companies 3.1x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

DB:WR1 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 19.82x ÷ -1.3%

-15.35x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • W. R. Berkley earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on W. R. Berkley's assets?
Raw Data
DB:WR1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $31.47
NYSE:WRB Share Price * NYSE (2019-07-15) in USD $68.24
Germany Insurance Industry PB Ratio Median Figure of 6 Publicly-Listed Insurance Companies 1.07x
Germany Market PB Ratio Median Figure of 565 Publicly-Listed Companies 1.74x
DB:WR1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:WRB Share Price ÷ Book Value per Share (both in USD)

= 68.24 ÷ 31.47

2.17x

* Primary Listing of W. R. Berkley.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • W. R. Berkley is overvalued based on assets compared to the DE Insurance industry average.
X
Value checks
We assess W. R. Berkley's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check)
  5. W. R. Berkley has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is W. R. Berkley expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-1.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is W. R. Berkley expected to grow at an attractive rate?
  • W. R. Berkley's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.2%.
Growth vs Market Checks
  • W. R. Berkley's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • W. R. Berkley's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:WR1 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:WR1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts -1.3%
DB:WR1 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts -1.5%
Germany Insurance Industry Earnings Growth Rate Market Cap Weighted Average 4.7%
Germany Insurance Industry Revenue Growth Rate Market Cap Weighted Average 5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:WR1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:WR1 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 585
2020-12-31 6,791 815 580 6
2019-12-31 6,540 776 582 6
DB:WR1 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 7,737 719 655
2018-12-31 7,692 620 641
2018-09-30 7,675 532 663
2018-06-30 7,768 605 663
2018-03-31 7,706 615 592
2017-12-31 7,685 711 549
2017-09-30 7,721 644 547
2017-06-30 7,710 741 606
2017-03-31 7,717 783 606
2016-12-31 7,654 848 602
2016-09-30 7,494 987 559
2016-06-30 7,335 881 491

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • W. R. Berkley's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • W. R. Berkley's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:WR1 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from W. R. Berkley Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:WR1 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 3.81 3.81 3.81 1.00
2020-12-31 3.10 3.63 2.70 7.00
2019-12-31 3.14 3.52 2.83 6.00
DB:WR1 Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 3.44
2018-12-31 3.37
2018-09-30 3.49
2018-06-30 3.50
2018-03-31 3.13
2017-12-31 2.93
2017-09-30 2.94
2017-06-30 3.28
2017-03-31 3.30
2016-12-31 3.27
2016-09-30 3.03
2016-06-30 2.66

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • W. R. Berkley is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess W. R. Berkley's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
W. R. Berkley has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has W. R. Berkley performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare W. R. Berkley's growth in the last year to its industry (Insurance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • W. R. Berkley's year on year earnings growth rate has been positive over the past 5 years.
  • W. R. Berkley's 1-year earnings growth exceeds its 5-year average (10.6% vs 1.9%)
  • W. R. Berkley's earnings growth has exceeded the DE Insurance industry average in the past year (10.6% vs 9.4%).
Earnings and Revenue History
W. R. Berkley's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from W. R. Berkley Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:WR1 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 7,737.43 655.08
2018-12-31 7,691.65 640.75
2018-09-30 7,675.02 662.98
2018-06-30 7,768.46 663.12
2018-03-31 7,705.59 592.04
2017-12-31 7,684.76 549.09
2017-09-30 7,721.45 547.29
2017-06-30 7,709.53 605.89
2017-03-31 7,717.39 605.85
2016-12-31 7,654.18 601.92
2016-09-30 7,493.60 558.87
2016-06-30 7,335.14 490.83
2016-03-31 7,268.99 504.90
2015-12-31 7,206.46 503.69
2015-09-30 7,179.83 504.66
2015-06-30 7,159.48 540.59
2015-03-31 7,166.70 597.52
2014-12-31 7,128.93 648.88
2014-09-30 7,041.18 668.55
2014-06-30 6,834.70 616.99
2014-03-31 6,608.67 552.98
2013-12-31 6,408.53 499.93
2013-09-30 6,320.46 535.04
2013-06-30 6,106.83 499.01
2013-03-31 5,951.62 491.89
2012-12-31 5,823.55 510.59
2012-09-30 5,585.91 462.13

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • W. R. Berkley has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • W. R. Berkley used its assets more efficiently than the DE Insurance industry average last year based on Return on Assets.
  • W. R. Berkley has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess W. R. Berkley's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
W. R. Berkley has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is W. R. Berkley's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up W. R. Berkley's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • W. R. Berkley's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • W. R. Berkley's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of W. R. Berkley's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 2.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from W. R. Berkley Company Filings, last reported 3 months ago.

DB:WR1 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 5,802.80 2,782.70 1,442.06
2018-12-31 5,479.80 2,789.52 1,270.15
2018-09-30 5,479.03 2,697.80 1,497.69
2018-06-30 5,465.63 2,699.17 1,632.29
2018-03-31 5,492.18 2,679.57 1,701.46
2017-12-31 5,451.16 2,497.27 1,568.12
2017-09-30 5,470.65 2,488.00 1,262.24
2017-06-30 5,325.95 2,487.04 1,422.37
2017-03-31 5,218.54 2,487.27 1,361.67
2016-12-31 5,081.13 2,488.23 1,095.28
2016-09-30 4,961.82 2,489.88 1,476.03
2016-06-30 4,939.05 2,535.76 1,445.23
2016-03-31 4,788.06 2,261.48 1,222.03
2015-12-31 4,633.21 2,184.94 1,140.33
2015-09-30 4,616.64 2,179.22 1,231.11
2015-06-30 4,536.33 2,184.06 1,586.58
2015-03-31 4,613.04 2,452.58 1,587.32
2014-12-31 4,624.13 2,455.59 1,125.09
2014-09-30 4,743.47 2,462.03 2,260.51
2014-06-30 4,654.56 2,036.97 1,574.95
2014-03-31 4,410.86 2,032.56 1,324.65
2013-12-31 4,369.39 2,032.24 1,361.87
2013-09-30 4,395.30 2,036.23 1,586.21
2013-06-30 4,265.66 2,035.60 1,339.55
2013-03-31 4,410.63 1,936.54 1,646.72
2012-12-31 4,335.47 2,114.74 1,234.75
2012-09-30 4,333.85 2,120.59 1,607.01
  • W. R. Berkley's level of debt (48%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (46.1% vs 48% today).
  • Debt is well covered by operating cash flow (25.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.9x coverage).
X
Financial health checks
We assess W. R. Berkley's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. W. R. Berkley has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is W. R. Berkley's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.35%
Current annual income from W. R. Berkley dividends. Estimated to be 0.89% next year.
If you bought €2,000 of W. R. Berkley shares you are expected to receive €47 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • W. R. Berkley's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.48%).
  • W. R. Berkley's dividend is below the markets top 25% of dividend payers in Germany (3.85%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:WR1 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
Germany Insurance Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 4.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:WR1 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.73 4.00
2020-12-31 0.61 8.00
2019-12-31 0.52 6.00
DB:WR1 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-06-06 1.607 2.431
2019-02-21 1.400 2.397
2018-11-09 1.400 2.761
2018-08-08 1.400 2.721
2018-02-28 1.040 2.107
2017-11-13 1.040 2.239
2017-08-08 1.040 2.317
2017-05-16 1.040 2.265
2017-02-08 0.347 0.748
2016-11-04 0.347 0.808
2016-08-02 0.347 0.900
2016-05-25 0.347 0.905
2016-02-17 0.320 0.877
2015-11-05 0.320 0.909
2015-08-04 0.320 0.870
2015-06-02 0.320 0.896
2015-02-18 0.293 0.878
2014-11-06 0.293 0.865
2014-08-05 0.293 0.911
2014-05-20 0.293 0.970
2014-02-19 0.267 0.955
2013-11-18 0.267 0.957
2013-08-06 0.267 0.939
2013-05-21 0.267 0.955
2013-03-21 0.240 0.825
2012-11-08 0.240 0.892
2012-08-08 0.240 0.951
2012-05-22 0.240 0.948
2012-05-07 0.213 0.828
2012-04-23 0.213 0.843
2012-02-28 0.213 0.885
2011-11-03 0.213 0.925
2011-10-26 0.213 0.925
2011-08-02 0.213 1.074
2011-05-17 0.213 0.995
2011-05-06 0.187 0.866
2011-04-25 0.187 0.872
2011-02-24 0.187 0.909
2011-02-02 0.187 0.956
2010-11-03 0.187 1.020
2010-10-25 0.187 1.015
2010-08-03 0.187 1.042
2010-05-18 0.187 1.039
2010-02-23 0.160 0.905
2009-11-03 0.160 0.975
2009-08-04 0.160 0.960
2009-05-19 0.160 1.071
2009-02-24 0.160 1.061
2008-11-04 0.160 0.896
2008-07-29 0.160 1.032

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of W. R. Berkley's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (8.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.5x coverage).
X
Income/ dividend checks
We assess W. R. Berkley's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can W. R. Berkley afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. W. R. Berkley has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of W. R. Berkley's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Rob Berkley
COMPENSATION $12,435,887
AGE 46
TENURE AS CEO 3.8 years
CEO Bio

Mr. William Robert Berkley Jr., also known as Rob, has been the President and Chief Executive Officer of W. R. Berkley Corporation since October 2015 and serves as its Director. Mr. Berkley serves as the President of Berkley Insurance Company. He was the President at Admiral Insurance Company and currently serves as a Director. He has been Vice Chairman and President of Berkley International, LLC since May 2002 and April 2008, respectively. He served as President of Acadia Insurance Company. Mr. Berkley serves as the President of Continental Western Insurance Company. He previously served as President and Chief Operating Officer of W. R. Berkley Corporation from November 2009 to October 2015, Executive Vice President from August 2005 to November 2009, Senior Vice President of Specialty Operations of W. R. Berkley Corporation from January 2003 to August 2005, and a variety of positions of increasing responsibility since September 1997. From July 1995 to August 1997, Mr. Berkley was employed in the Corporate Finance Department of Merrill Lynch Investment Company. He served as President of Nautilus Insurance Company. He serves as a Director of Associated Community Bancorp, Inc.

CEO Compensation
  • Rob's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Rob's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the W. R. Berkley management team in years:

4.5
Average Tenure
59
Average Age
  • The tenure for the W. R. Berkley management team is about average.
Management Team

Wm. Berkley

TITLE
Executive Chairman of the Board
COMPENSATION
$13M
AGE
74
TENURE
52.5 yrs

Rob Berkley

TITLE
President
COMPENSATION
$12M
AGE
46
TENURE
3.8 yrs

Richard Baio

TITLE
Executive VP
COMPENSATION
$2M
AGE
50
TENURE
3.2 yrs

Jim Shiel

TITLE
Executive Vice President of Investments
COMPENSATION
$2M
AGE
59
TENURE
4.1 yrs

Ira Lederman

TITLE
Executive VP & Secretary
COMPENSATION
$2M
AGE
65
TENURE
22.5 yrs

Lucille Sgaglione

TITLE
Executive Vice President
COMPENSATION
$2M
AGE
69
TENURE
9.2 yrs

Terrence Walker

TITLE
Senior VP & Chief Information Officer

Karen Horvath

TITLE
Vice President of External Financial Communications
TENURE
4.5 yrs

Philip Welt

TITLE
Executive VP & General Counsel
AGE
59
TENURE
0.5 yrs

Scott Mansolillo

TITLE
SVP & Chief Compliance Officer
TENURE
7.3 yrs
Board of Directors Tenure

Average tenure and age of the W. R. Berkley board of directors in years:

18.5
Average Tenure
63
Average Age
  • The average tenure for the W. R. Berkley board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Rob Berkley

TITLE
President
COMPENSATION
$12M
AGE
46
TENURE
18.5 yrs

Mary Farrell

TITLE
Director
COMPENSATION
$337K
AGE
70
TENURE
13.3 yrs

Wm. Berkley

TITLE
Executive Chairman of the Board
COMPENSATION
$13M
AGE
74
TENURE
52.2 yrs

Jack Nusbaum

TITLE
Director
COMPENSATION
$292K
AGE
78
TENURE
52.2 yrs

Mark Shapiro

TITLE
Director
COMPENSATION
$342K
AGE
75
TENURE
45.2 yrs

Ronald Blaylock

TITLE
Director
COMPENSATION
$301K
AGE
59
TENURE
18.5 yrs

Mark Brockbank

TITLE
Director
COMPENSATION
$300K
AGE
67
TENURE
18.5 yrs

Christopher Augostini

TITLE
Director
COMPENSATION
$305K
AGE
54
TENURE
7.2 yrs

María Ferré Rangel

TITLE
Director
COMPENSATION
$305K
AGE
55
TENURE
2.2 yrs

Leigh Pusey

TITLE
Director
COMPENSATION
$252K
AGE
56
TENURE
1.2 yrs
Who owns this company?
Recent Insider Trading
  • W. R. Berkley individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
21. Jun 19 Sell Mark Brockbank Individual 20. Jun 19 20. Jun 19 -77,000 €59.08 €-4,549,123
X
Management checks
We assess W. R. Berkley's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. W. R. Berkley has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

W. R. Berkley Corporation, an insurance holding company, operates as a commercial lines writer in the United States and internationally. It operates through two segments, Insurance and Reinsurance. The Insurance segment underwrites commercial insurance business, including premises operations, commercial automobile, property, products liability, and professional liability lines. It also provides workers’ compensation, property casualty, general liability, professional liability, and excess and umbrella coverage insurance products, as well as coverages for technology, ambulatory surgery centers, chiropractors, and concierge physicians; accident and health insurance and reinsurance products; insurance for commercial risks; pollution liability and coverages to contractors, consultants, and owners; and liquor liability and inland marine coverage for small to medium-sized insureds. In addition, this segment offers directors and officers, and surety risk products, as well as products for life sciences and travel industries; coverage for excess liability, construction wrap-ups, and completed operations; cyber risk solutions; casualty, group life, and crime-related insurance products; personal lines insurance solutions, including home, condo/co-op, and collectibles; automobile, law enforcement, public officials and educator's legal, and employment practices liability, as well as incidental medical insurance products; and at-risk and alternative risk insurance program management services. The Reinsurance segment provides other insurance companies and self-insureds with assistance in managing their net risk through reinsurance on a portfolio basis through treaty reinsurance or on an individual basis through facultative reinsurance. W. R. Berkley Corporation was founded in 1967 and is headquartered in Greenwich, Connecticut.

Details
Name: W. R. Berkley Corporation
WR1
Exchange: DB
Founded: 1967
$11,041,264,247
183,118,577
Website: http://www.berkley.com
Address: W. R. Berkley Corporation
475 Steamboat Road,
Greenwich,
Connecticut, 06830,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE WRB Common Stock New York Stock Exchange US USD 23. Oct 1973
DB WR1 Common Stock Deutsche Boerse AG DE EUR 23. Oct 1973
LSE 0HMZ Common Stock London Stock Exchange GB USD 23. Oct 1973
NYSE WRB.PRC 5.9% SUB DB 56 New York Stock Exchange US USD 04. Mar 2016
Number of employees
Current staff
Staff numbers
7,448
W. R. Berkley employees.
Industry
Property and Casualty Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/15 21:20
End of day share price update: 2019/07/15 00:00
Last estimates confirmation: 2019/07/12
Last earnings filing: 2019/05/08
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.