W. R. Berkley
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 3 days ago. More info.
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WRB Share Price and Events
7 Day Returns
1 Year Returns
WRB Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| W. R. Berkley (WRB) | 3.9% | 7.5% | 21.2% | 19.9% | 62.4% | 103.7% |
| US Insurance | -0.2% | 5.1% | 8.4% | 3.4% | 30.6% | 43.1% |
| US Market | 0.9% | 4.6% | 10.9% | 9.6% | 39% | 47.2% |
1 Year Return vs Industry and Market
- WRB outperformed the Insurance industry which returned 3.4% over the past year.
- WRB outperformed the Market in United States of America which returned 9.6% over the past year.
WRB 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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for W. R. Berkley.
| 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 = $34.74 * 9.2% |
$3.21 |
| Book Value of Equity per Share | Weighted future Book Value estimates from 6 analysts. | $34.74 |
| Discount Rate (Cost of Equity) | See below | 8.2% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Insurance Unlevered Beta | Simply Wall St/ S&P Global | 0.74 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.737 (1 + (1- 21%) (25.14%)) |
0.922 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.92 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.922 * 5.96%) |
8.23% |
Discounted Cash Flow Calculation for NYSE:WRB 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.
| Calculation | Result | |
|---|---|---|
| Excess Returns |
= (Stable Return on equity – Cost of equity) (Book Value of
Equity per share)
= (9.2% – 8.23%) * $34.74) |
$0.35 |
| Terminal Value of Excess Returns |
= Excess Returns / (Cost of Equity -
Expected Growth Rate)
= $0.35 / (8.23% - 2.73%) |
$6.43 |
| Value of Equity |
= Book Value per share + Terminal Value of
Excess Returns
= $34.74 + $6.43 |
$41.17 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $41.17 |
| Current discount | Discount to share price of
$60.62
= -1 x ($60.62 - $41.17) / $41.17 |
-47.3% |
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.
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?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in USD | $3.44 |
| NYSE:WRB Share Price ** | NYSE (2019-04-25) in USD | $60.62 |
| United States of America Insurance Industry PE Ratio | Median Figure of 87 Publicly-Listed Insurance Companies | 18.56x |
| United States of America Market PE Ratio | Median Figure of 3,081 Publicly-Listed Companies | 18.28x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of W. R. Berkley.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:WRB Share Price ÷ EPS (both in USD) = 60.62 ÷ 3.44 |
17.61x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- W. R. Berkley is good value based on earnings compared to the US Insurance industry average.
- W. R. Berkley is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
W. R. Berkley's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 17.61x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts |
0%per year |
| United States of America Insurance Industry PEG Ratio | Median Figure of 66 Publicly-Listed Insurance Companies | 1.24x |
| United States of America Market PEG Ratio | Median Figure of 2,113 Publicly-Listed Companies | 1.57x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 17.61x ÷ 0% |
751.45x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- W. R. Berkley is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
W. R. Berkley's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $29.72 |
| NYSE:WRB Share Price * | NYSE (2019-04-25) in USD | $60.62 |
| United States of America Insurance Industry PB Ratio | Median Figure of 118 Publicly-Listed Insurance Companies | 1.25x |
| United States of America Market PB Ratio | Median Figure of 5,185 Publicly-Listed Companies | 1.92x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:WRB Share Price ÷ Book Value per Share (both in USD) = 60.62 ÷ 29.72 |
2.04x |
* 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 US Insurance industry average.
Value checks
We assess W. R. Berkley's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check) W. R. Berkley has a total score of 2/6, 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.
WRB Future Performance
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!
Earnings growth vs Low Risk Savings
- W. R. Berkley's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
- W. R. Berkley's earnings growth is positive but not above the United States of America market average.
- W. R. Berkley's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:WRB Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts | 0% |
| NYSE:WRB Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts | -1.6% |
| United States of America Insurance Industry Earnings Growth Rate | Market Cap Weighted Average | 16.7% |
| United States of America Insurance Industry Revenue Growth Rate | Market Cap Weighted Average | 3.2% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.5% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 weeks ago) | See Below |
| Future Estimates | Average of up to 6 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 577 | |||
| 2020-12-31 | 6,794 | 815 | 559 | 6 |
| 2019-12-31 | 6,550 | 776 | 549 | 6 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 7,737 | 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.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 weeks 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 weeks ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 3.64 | 3.64 | 3.64 | 1.00 |
| 2020-12-31 | 3.05 | 3.48 | 2.70 | 6.00 |
| 2019-12-31 | 3.14 | 3.35 | 2.83 | 5.00 |
| 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.
Future performance checks
We assess W. R. Berkley's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
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.
WRB 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
Past Earnings growth analysis
- 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 US Insurance industry average in the past year (10.6% vs -4.3%).
Earnings and Revenue History
All data from W. R. Berkley Company Filings, last reported 3 weeks ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| 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 | ||
| 2012-06-30 | 5,445.14 | 437.59 |
*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 US Insurance industry average last year based on Return on Assets.
- W. R. Berkley's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess W. R. Berkley's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
W. R. Berkley has a total score of 4/6, 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.
WRB 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.
- 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
Assets
Liabilities and shares
- Low level of unsold assets.
- Debt is covered by short term assets, assets are 2.2x 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.
All data from W. R. Berkley Company Filings, last reported 3 weeks ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 5,479.80 | 2,789.52 | 1,270.15 |
| 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 |
| 2012-06-30 | 4,216.84 | 2,108.48 | 1,431.47 |
- W. R. Berkley's level of debt (50.9%) 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 50.9% today).
- Debt is well covered by operating cash flow (22.2%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 5.9x coverage).
Financial health checks
We assess W. R. Berkley's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) W. R. Berkley has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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.
WRB 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
If you bought
$2,000 of
W. R. Berkley
shares you are expected to receive
$46
in your first year as a dividend.
Dividend Amount
- W. R. Berkley's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.39%).
- W. R. Berkley's dividend is below the markets top 25% of dividend payers in United States of America (3.61%).
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.
| 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 |
| United States of America Insurance Industry Average Dividend Yield | Market Cap Weighted Average of 79 Stocks | 2.4% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2008 Stocks | 2.4% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-12-31 | 0.75 | 4.00 |
| 2020-12-31 | 0.60 | 8.00 |
| 2019-12-31 | 0.50 | 7.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-21 | 1.400 | 2.480 |
| 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 |
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 (8.6x coverage).
- Dividends after 3 years are expected to be well covered by earnings (4.6x coverage).
Income/ dividend checks
We assess W. R. Berkley's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- 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) 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.
WRB Management
CEO
| COMPENSATION | $10,859,829 |
| AGE | 45 |
| TENURE AS CEO | 3.5 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 and Chief Executive Officer 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.
- Rob's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the W. R. Berkley management team in years:
- The tenure for the W. R. Berkley management team is about average.
Management Team
Wm. Berkley
Executive Chairman of the Board
$13M
73
52.3 yrs
Rob Berkley
President
$11M
45
3.5 yrs
Richard Baio
Senior VP
$2M
49
2.9 yrs
Jim Shiel
Executive Vice President of Investments
$2M
58
3.8 yrs
Ira Lederman
Executive VP & Secretary
$2M
64
22.3 yrs
Terrence Walker
Senior VP & Chief Information Officer
Karen Horvath
Vice President of External Financial Communications
4.3 yrs
Philip Welt
Executive VP & General Counsel
0.3 yrs
Scott Mansolillo
SVP & Chief Compliance Officer
7 yrs
Jon Levine
VP & Chief Marketing Officer
5.8 yrs
Board of Directors Tenure
Average tenure and age of the W. R. Berkley board of directors in years:
- 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
President
$11M
45
18.3 yrs
Christopher Brown
Chairman of Berkley Accident & Health
Wm. Berkley
Executive Chairman of the Board
$13M
73
51.9 yrs
Kevin Nattrass
Chairman of Berkley Mid-Atlantic Group (BMAG)
5 yrs
Rocco P. Modafferi
chairman of Gemini Transportation Underwriters
1.3 yrs
Mary Farrell
Director
$336K
69
13.1 yrs
Maria Luisa Rangel
Director
$253K
54
1.9 yrs
Jack Nusbaum
Director
$290K
77
51.9 yrs
Mark Shapiro
Director
$341K
74
44.9 yrs
Ronald Blaylock
Director
$302K
58
18.3 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 14. Jun 18 | Sell | James Shiel | Individual | 12. Jun 18 | 13. Jun 18 | -33,000 | $51.81 | $-1,694,923 | ||
Management checks
We assess W. R. Berkley's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) 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.
WRB News
Simply Wall St News
Why W. R. Berkley Corporation (NYSE:WRB) Is An Attractive Investment To Consider
Attractive stocks have exceptional fundamentals. … Berkley Corporation (NYSE:WRB), there'sR … dividend-paying company
Simply Wall St - – Full articleDoes W. R. Berkley Corporation's (NYSE:WRB) P/E Ratio Signal A Buying Opportunity?
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … Berkley has a price to earnings ratio of 16.52, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS).
Simply Wall St - – Full articleThe W. R. Berkley (NYSE:WRB) Share Price Has Gained 103%, So Why Not Pay It Some Attention?
Berkley Corporation (NYSE:WRB) which saw its share price drive 103% higher over five yearsR … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movementR … This EPS growth is slower than the share price growth of 15% per year, over the same period.
Simply Wall St - – Full articleWhat Should You Know About W. R. Berkley Corporation's (NYSE:WRB) Long Term Outlook?
The latest earnings update W. … Berkley Corporation (NYSE:WRB) released in December 2018R … showed.
Simply Wall St - – Full articleW. R. Berkley Corporation (NYSE:WRB) Is An Attractive Dividend Stock, Here's Why
Berkley Corporation (NYSE:WRB) as an income stockR … The stock currently pays out a dividend yield of 2.6%, and has a market cap of US$9.9b. … Berkley tick all the boxes of a great dividend stock.
Simply Wall St - – Full articleDoes W. R. Berkley Corporation's (NYSE:WRB) Past Performance Indicate A Stronger Future?
Berkley Corporation's (NYSE:WRB) performance as a company requires examining more than earnings from one point in timeR … Berkley is doing by evaluating its latest earnings with its longer term trend as well as its industry peers' performance over the same period. … WRB's trailing twelve-month earnings (from 31 December 2018) of US$641m has.
Simply Wall St - – Full articleAt US$72.32, Is W. R. Berkley Corporation (NYSE:WRB) Worth Looking At Closely?
saw significant share price movement during recent months on the NYSE, rising to highs of $79.35 and falling to the lows of $69.56. … Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower priceR … Berkley’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change.
Simply Wall St - – Full articleA Note On W. R. Berkley Corporation's (NYSE:WRB) ROE and Debt To Equity
With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … One way to conceptualize this, is that for each $1 of shareholders' equity it has, the company made $0.12 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity.
Simply Wall St - – Full articleAre Insiders Selling W R Berkley Corporation (NYSE:WRB) Stock?
So before you buy or sell W R Berkley Corporation (NYSE:WRB), you may well want to know whether insiders have been buying or selling. … Berkley Insider Transactions Over The Last Year. … Over the last year, we can see that the biggest insider sale was by Executive Vice President of Investments James Shiel for US$1.7m worth of shares, at about US$77.72 per shareW
Simply Wall St - – Full articleOnly 4 Days Left Until W R Berkley Corporation (NYSE:WRB) Trades Ex-Dividend
Have you been keeping an eye on W R Berkley Corporation's (NYSE:WRB) upcoming dividend of US$0.65 per share payable on the 12 December 2018? … When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas:R … Will the company be able to keep paying dividend based on the future earnings growth?
Simply Wall St - – Full articleWRB 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 |
| WRB | |
| Exchange: | NYSE |
| Founded: | 1967 |
| $11,094,698,527 | |
| 183,020,431 | |
| 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
Industry
| Property and Casualty Insurance | |
| Insurance |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/26 01:34 |
| End of day share price update: | 2019/04/25 00:00 |
| Last estimates confirmation: | 2019/04/25 |
| Last earnings filing: | 2019/04/23 |
| 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.
