W.R. Berkley is a financially sound property and casualty insurer with a strong Piotroski score of 8/9 and excellent cash conversion at 172% of net income, but the stock is in a technical death cross with the analyst price target already exceeded, leaving no upside and significant near-term downside risk.
Thesis pillars
- Insurance Segment Concentration↓Deteriorating
- Excellent Cash Conversion↓Deteriorating
- Earnings Beat History↑Improving
- +1 more pillar — see the Why tab for full reasoning
W.R. Berkley Corporation (WRB) Stock Analysis
Range Bound setup
Financial Services · Insurance - Property & Casualty
Sell if holding. Analyst target reached at $72.09 — A.R:R is negative (-2.6) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Product: Insurance segment (88.0%).
W.R. Berkley is an insurance holding company that writes commercial lines property casualty insurance and reinsurance across two segments in the U.S. and internationally. Insurance generated 88% of $12.7 billion in total net premiums written in 2025, spanning 60 businesses from... Read more
Sell if holding. Analyst target reached at $72.09 — A.R:R is negative (-2.6) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Product: Insurance segment (88.0%). Chart setup: RSI 50 mid-range, Bollinger mid-band. Score 5.2/10, moderate confidence.
Passes 6/8 gates (clean insider activity, no SEC red flags, news events none recent, earnings proximity 77d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and favorable risk/reward ratio. Suitability: speculative.
About W.R. Berkley Corporation
About W.R. Berkley Corporation
W.R. Berkley wrote $12.7 billion in total net premiums in 2025, with Insurance generating 88% ($11.2 billion) and Reinsurance & Monoline Excess contributing 12% ($1.5 billion), across 60 distinct business units subject to state insurance department regulation in the United States and analogous international oversight. Gross loss and loss expense reserves stood at approximately $22.2 billion at December 31, 2025. Current accident year catastrophe losses net of reinsurance were $336 million in 2025, compared with $298 million in 2024 and $195 million in 2023.
W.R. Berkley earns premium revenue through decentralized specialty units, each positioned close to its niche customer base. The Insurance segment writes across five principal lines: other liability (38.6% of Insurance gross premiums in 2025), short-tail lines (27.3%), auto (12.9%), professional liability (11.4%), and workers' compensation (9.8%), served through retail and wholesale agents, brokers, and managing general agents. The Reinsurance & Monoline Excess segment provides facultative and treaty reinsurance across the U.S., Asia Pacific, Australia, Continental Europe, South Africa, and the United Kingdom. The company purchases reinsurance for catastrophe risks and high-limit policies on an annually renewable basis; competitors in the reinsurance market include Swiss Re, Munich Re, Berkshire Hathaway, and Hannover Re. Social inflation — higher jury awards, more frequent claims, and third-party litigation funding — exposes the company to increasing loss costs on long-tail liability lines. Catastrophe loss exposure is partially mitigated by TRIPRA coverage (up to 80% of covered losses on certified acts of terrorism), subject to a 2026 aggregate deductible of approximately $1,835 million based on 2025 earned premiums.
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W.R. Berkley's insurance subsidiaries operate under state department of insurance supervision in each U.S. state — the primary form of insurance oversight — with federal-level monitoring by the NAIC and the Federal Insurance Office (FIO), which released guidance in June 2023 urging regulators to adopt climate-related risk monitoring. In New York, the NYDFS requires licensed subsidiaries to integrate climate-change financial risks into governance frameworks and enterprise risk management programs. The company's EU-domiciled operations are subject to Solvency II, while UK subsidiaries fall under a diverging UK prudential regime, each potentially requiring additional capital and compliance resources as the two regimes continue to diverge.
See also: Financial Services · Insurance - Property & Casualty
From W.R. Berkley Corporation's most recent 10-K filing, extracted June 16, 2026.
Recent developments
updated 2026-08-04Recent Developments — W.R. Berkley Corporation
Latest news
- NEWS Analysts Offer Insights on Financial Companies: Principal Financial (PFG), W. R. Berkley Corporation (WRB) and Robinhood — The Globe and Mail neutral
- NEWS WRB Maintained by Mizuho -- Price Target Raised to $74.00 - GuruFocus — GuruFocus positive
- NEWS Goldman Sachs raises W.R. Berkley stock price target to $70 By Investing.com - Investing.com Canada — Investing.com Canada positive
- NEWS W.R. Berkley Corporation Stock 12‑Month Price Target Raised to $68.88, Implies 4% Downside - TradingView — TradingView neutral
- NEWS Stay Ahead of the Game With W.R. Berkley (WRB) Q2 Earnings: Wall Street's Insights on Key Metrics - Yahoo Finance — Yahoo Finance positive
Generated 2026-08-04T07:03:28Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHProductInsurance segment88%10-K Item 1: 'Percentage of net premiums written:...Insurance| 88.0 | %'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
3 floor-breakers
Momentum below the gate floor. Component breakdown shows what dragged the score down.static
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Growth below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Analyst target reached at $72.09 — A.R:R is negative (-2.6) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Product: Insurance segment (88.0%). Chart setup: RSI 50 mid-range, Bollinger mid-band. Prior stop was $68.33. Score 5.2/10, moderate confidence.
Take-profit target: $75.90 (-13.5% upside). Prior stop was $68.33. Stop-loss: $68.33.
Concentration risk — Product: Insurance segment (88.0%); Analyst target reached - limited upside remaining; Weak growth.
W.R. Berkley Corporation trades at a P/E of 14.9 (forward 15.0). TrendMatrix value score: 5.7/10. Verdict: Sell.
28 analysts cover WRB with a consensus score of 2.7/5. Average price target: $69.
What does W.R. Berkley Corporation do?W.R. Berkley is an insurance holding company that writes commercial lines property casualty insurance and reinsurance...
W.R. Berkley is an insurance holding company that writes commercial lines property casualty insurance and reinsurance across two segments in the U.S. and internationally. Insurance generated 88% of $12.7 billion in total net premiums written in 2025, spanning 60 businesses from excess and surplus lines and specialty to regional commercial coverage.