Below are the financial statements of W. R. Berkley, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenues | — | — | — |
| Net premiums written | 11,972.1a | 10,954.47a | 10,004.07a |
| Change in net unearned premiums | -423.61a | -553.78a | -442.64a |
| Net premiums earned | 11,548.49a | 10,400.69a | 9,561.43a |
| Net investment income | 1,333.16a | 1,052.84a | 779.19a |
| Net investment gains | — | — | — |
| Net realized and unrealized gains on investments | 79.74a | 47.54a | 217.31a |
| Change in allowance for expected credit losses on investments | 37.97a | -0.5a | -14.91a |
| Net investment gains | 117.71a | 47.04a | 202.4a |
| Revenues from non-insurance businesses | 528.01a | 535.51a | 509.55a |
| Insurance service fees | 108.94a | 106.49a | 110.54a |
| Other income | 2.45a | 0.38a | 3.4a |
| Total revenues | 13,638.75a | 12,142.94a | 11,166.5a |
| Operating costs and expenses | — | — | — |
| Losses and loss expenses | -7,131.6a | -6,372.14a | -5,861.75a |
| Other operating costs and expenses | -3,602.31a | -3,363.94a | -2,961.51a |
| Expenses from non-insurance businesses | -513.45a | -525a | -493.19a |
| Interest expense | -126.91a | -127.46a | -130.37a |
| Total operating costs and expenses | -11,374.26a | -10,388.54a | -9,446.82a |
| Income before income taxes | 2,264.49a | 1,754.4a | 1,719.68a |
| Income tax expense | -509.92a | -370.56a | -334.73a |
| Net income before noncontrolling interests | 1,754.58a | 1,383.85a | 1,384.95a |
| Noncontrolling interests | 1.54a | -2.49a | -3.89a |
| Net income to common stockholders | 1,756.12a | 1,381.36a | 1,381.06a |
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