---
schema_version: "secwatch.filing_event.v1"
accession: "0000011544-23-000002"
form_type: "8-K"
ticker: "WRB"
cik: "0000011544"
company_name: "BERKLEY W R CORP"
filed_at: "2023-01-26T23:59:59+00:00"
generated_at: "2026-06-20T07:53:39.832687+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# W.R. Berkley Q4 net income up 29.8% to $382M; record FY net income $1.4B

## Summary
- Q4 diluted EPS $1.37 vs $1.06 YoY; operating EPS $1.16. Return on equity 23.0%.
- Q4 combined ratio 88.4% (cat loss $30.8M); accident-year combined ratio before cats 87.2%.
- Full-year gross premiums $11.9B (+11.3%); net premiums $10.0B (+12.9%), both records.
- Record full-year pre-tax underwriting income $1.0B; net investment income $779.2M, up 16%.
- Book value per share grew 6.1% before dividends/buybacks; operating cash flow ~$2.6B, +17.6%.

## SEC filing metadata
- accession: 0000011544-23-000002
- form_type: 8-K
- ticker: WRB
- cik: 0000011544
- company_name: BERKLEY W R CORP
- filed_at: 2023-01-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/11544/000001154423000002/0000011544-23-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/11544/000001154423000002/wrb-20230126.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000011544-23-000002
- JSON: https://secwatch.observer/filing/0000011544-23-000002.json
- Plain text: https://secwatch.observer/filing/0000011544-23-000002.txt

## Key facts
- Earnings Releases
  BERKLEY W R CORP reported the fourth quarter of 2022 results: revenue 2,427,907, net income 382,223, EPS 1.37.
  - Period: the fourth quarter of 2022
  - Revenue: 2,427,907
  - Net income: 382,223
  - EPS: 1.37
  - Result: reported results
  source text: Net premiums written 2,427,907 2,275,509 10,004,070 8,862,867 Net income to common stockholders 382,223 294,430 1,381,062 1,022,490 Net income per diluted share (1) 1.37 1.06 4.94 3.66
  evidence_url: https://www.sec.gov/Archives/edgar/data/11544/000001154423000002/0000011544-23-000002-index.htm
- Earnings Releases
  BERKLEY W R CORP reported the full year 2022 results: revenue 10,004,070, net income 1,381,062, EPS 4.94.
  - Period: the full year 2022
  - Revenue: 10,004,070
  - Net income: 1,381,062
  - EPS: 4.94
  - Result: reported results
  source text: Net premiums written 2,427,907 2,275,509 10,004,070 8,862,867 Net income to common stockholders 382,223 294,430 1,381,062 1,022,490 Net income per diluted share (1) 1.37 1.06 4.94 3.66
  evidence_url: https://www.sec.gov/Archives/edgar/data/11544/000001154423000002/0000011544-23-000002-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.