W.R. Berkley Corporation reported its fourth quarter (Q4) and full year (FY) 2025 financial results. In Q4 2025, gross premiums written were USD 3.6 billion and net premiums written reached USD 3.0 billion. For the full year 2025, gross premiums written totaled USD 15.1 billion, while net premiums written amounted to USD 12.7 billion. The company reported a return on equity of 21.4% for Q4 2025 and 21.2% for FY 2025. Pre-tax underwriting income reached a record USD 338 million in Q4, representing a 14.9% increase, while operating income grew 9.5% to a record USD 450 million for the quarter. For the year, pre-tax underwriting income reached USD 1.2 billion and net investment income was USD 1.4 billion. The Q4 combined ratio was 89.4%, with a current accident year combined ratio before catastrophe losses of 87.9%. Book value per share grew 5.2% in Q4 and 26.7% for FY 2025, before dividends and share repurchases. The company returned a total of USD 608.3 million to shareholders in Q4 2025, including USD 377.9 million in special dividends, USD 196.4 million in share repurchases, and USD 34.0 million in regular dividends.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. W.R. Berkley Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20260126383511) on January 26, 2026, and is solely responsible for the information contained therein.