secwatch.observer — SEC 8-K summary
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Issuer:     BERKLEY W R CORP (WRB)
CIK:        0000011544
Form:       8-K
Filed at:   2026-01-26T23:59:59+00:00
Accession:  0000011544-26-000003
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

W.R. Berkley Q4 2025: record underwriting income, ROE 21.4%, EPS $1.13
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/11544/000001154426000003/0000011544-26-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/11544/000001154426000003/wrb-20260126.htm
  HTML page:      https://secwatch.observer/filing/0000011544-26-000003

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