---
schema_version: "secwatch.filing_event.v1"
accession: "0000011544-26-000003"
form_type: "8-K"
ticker: "WRB"
cik: "0000011544"
company_name: "BERKLEY W R CORP"
filed_at: "2026-01-26T23:59:59+00:00"
generated_at: "2026-05-16T07:48:58.709623+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 2025: record underwriting income, ROE 21.4%, EPS $1.13

## Summary
- Q4 net income $449.5M ($1.13/diluted); operating income $449.6M ($1.13/diluted).
- Pre-tax underwriting income record $338M (+14.9% YoY); combined ratio 89.4%.
- Full-year net premiums written record $12.7B; net investment income record $1.4B (+7.2%).
- Book value per share up 5.2% in Q4, 26.7% in 2025 (before dividends and buybacks).
- Returned $608M to shareholders in Q4: $378M special dividends, $196M buybacks, $34M regular.

## SEC filing metadata
- accession: 0000011544-26-000003
- form_type: 8-K
- ticker: WRB
- cik: 0000011544
- company_name: BERKLEY W R CORP
- filed_at: 2026-01-26T23:59:59+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/11544/000001154426000003/0000011544-26-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/11544/000001154426000003/wrb-20260126.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000011544-26-000003
- JSON: https://secwatch.observer/filing/0000011544-26-000003.json
- Plain text: https://secwatch.observer/filing/0000011544-26-000003.txt

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