---
schema_version: "secwatch.filing_event.v1"
accession: "0000011544-25-000030"
form_type: "8-K"
ticker: "WRB"
cik: "0000011544"
company_name: "BERKLEY W R CORP"
filed_at: "2025-10-20T23:59:59+00:00"
generated_at: "2026-05-17T03:11:22.112933+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# W.R. Berkley Q3 net income up 39.8% to $511M; ROE 24.3%, combined ratio 90.9%

## Summary
- Net income $511.0 million ($1.28 diluted EPS), up 39.8% from $365.6 million ($0.91) YoY; operating income $440.2 million ($1.10 per share).
- Gross premiums written $3.84 billion (+5.6% YoY); net premiums written $3.23 billion (+5.5% YoY).
- Combined ratio 90.9% (including $78.5 million catastrophe losses); current accident year combined ratio before cats 88.4%.
- Net investment income $351.2 million, up 9.8% from Q3 2024; average rate increase ex-workers' comp ~7.6%.
- Record common stockholders' equity $9.8 billion; book value per share grew 5.8% before dividends and share repurchases.

## SEC filing metadata
- accession: 0000011544-25-000030
- form_type: 8-K
- ticker: WRB
- cik: 0000011544
- company_name: BERKLEY W R CORP
- filed_at: 2025-10-20T23:59:59+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/11544/000001154425000030/0000011544-25-000030-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/11544/000001154425000030/wrb-20251020.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000011544-25-000030
- JSON: https://secwatch.observer/filing/0000011544-25-000030.json
- Plain text: https://secwatch.observer/filing/0000011544-25-000030.txt

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