A fixed rule set over this filing's XBRL figures and the number of high-severity risks found in it — no model judgement.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
In Q2 FY2026, W. R. Berkley Corporation generated revenue of $3.72B (up 1.2% YoY) and net income of $452.26M (up 12.7% YoY), supported by disciplined underwriting performance across its insurance segments.
Revenue
$3.72B
+1.23% YoY
EPS (Diluted)
$1.15
+15.00% YoY
Berkley W R (WRB) reported Q2 FY2026 revenue of $3.72B, up 1.2% year over year. The company posted net income of $452.26M, up 12.7% from a year earlier, with diluted EPS of $1.15. WRB's fiscal Q2 FY2026 corresponds to calendar Q2 2026.
WRB reported Q2 FY2026 revenue of $3.72B (+1.2% YoY) and net income of $452.26M (+12.7% YoY), supported by strong underwriting profits and share repurchases.
Last 4 quarters: 2 beats, 2 misses
Adjusted (non-GAAP) EPS of $1.27 versus the $1.10 analyst consensus — a +15.9% beat for Jun 2026. Analyst consensus is quoted on the adjusted (non-GAAP) basis the street uses. GAAP diluted EPS for this quarter was $1.15.
For the six months ended June 30, 2026, net favorable prior year loss reserve development reached $2.69M, compared to $1.48M in the prior period. This included $10M of favorable development in Reinsurance & Monoline Excess, offset by $7M of adverse development in Insurance driven by umbrella and auto exposures affected by social inflation.
Source: 10-Q Item 2 MD&A, p.36
For the six months ended June 30, 2026, the Insurance segment recorded a GAAP combined ratio of 91.8% on net premiums earned of $5.59B, while the Reinsurance & Monoline Excess segment reduced its loss ratio significantly to 48.8% from 57.7% in the prior year period.
Source: 10-Q Item 2 MD&A, p.40
As of June 30, 2026, net reserves for losses and loss expenses stood at $19.75B, with 97.5% of available-for-sale fixed maturity securities valued using independent pricing services. Allowance for expected credit losses on fixed maturities remained minimal at $0.4M.
Source: 10-Q Item 2 MD&A, p.35-38
The company maintains a Debt to Equity ratio of 3.64 with total liabilities of $35.83B relative to stockholders' equity of $9.83B. High leverage increases vulnerability during prolonged market volatility or unforeseen claim spikes.
Source: 10-Q Balance Sheet (XBRL)
Commercial liability lines face risks from social inflation, litigation trends, and severe claim frequencies. Higher-than-expected claim severity in auto and umbrella coverage can erode underwriting profit margins.
Source: 10-Q Income Statement (XBRL)
With total assets of $45.68B largely invested in fixed maturity and equity assets, shifts in macroeconomic yield curves, credit spreads, and foreign exchange rates may induce capital volatility.
Source: 10-Q Balance Sheet (XBRL)
This analysis does not extract a guidance section. Companies issue revenue and EPS outlook in the 8-K press release and on the earnings call rather than in the 10-Q itself — though the filing's management discussion can contain forward-looking statements, which appear in the highlights above where they were material.
Berkley W R (WRB) is next expected to report on , when the following quarter's results and any updated outlook will be available.
See the WRB earnings preview — expected date, analyst estimates and what to watch →
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue | $3.72B | $3.67B | +1.23% |
Net Income | $452.26M | $401.29M | +12.70% |
EPS (Basic) | $1.16 | $1.01 | +14.85% |
EPS (Diluted) | $1.15 | $1.00 | +15.00% |
In Q2 FY2026, W. R. Berkley Corporation reported total revenue of $3.72B, up 1.2% year-over-year from $3.67B in Q2 FY2025. Net income reached $452.26M, representing a 12.7% increase year-over-year, while diluted EPS grew 15.0% to $1.15.
On a year-to-date basis through Q2 FY2026, WRB completed $413.92M in share buybacks. This marks a 741.3% increase compared to the $49.20M spent on repurchases during the same period in FY2025.
As of June 30, 2026, WRB held total net loss and loss expense reserves of $19.75B, comprising $16.33B in the Insurance segment and $3.41B in Reinsurance & Monoline Excess. During the first six months of FY2026, net prior-year reserve development was favorably positive at $2.69M.
Berkley W R (WRB) is next expected to report earnings on Oct 19, 2026. The date comes from the analyst earnings calendar and can shift until the company confirms it.
Expected release date, analyst estimates & what to watch
WRB delivered strong Q1 FY2026 results with net income surging 23.4% YoY to $515.2M on revenue of $3.69B, while aggressively returning capital to shareholders through $302.4M in share buybacks.
W. R. Berkley Corporation delivered solid FY2025 results with revenue growing 7.8% to $14.7B and net income rising 1.3% to $1.78B, supported by a 15.6% expansion in stockholders' equity to $9.7B.
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