Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.65B | $7.68B | $7.69B | $7.90B | $8.10B | $9.46B | $11.2B | $12.1B | $13.6B | $14.7B |
| Revenue growth | — | 0.4% | 0.1% | 2.7% | 2.5% | 16.7% | 18.1% | 8.7% | 12.3% | 7.8% |
| Net income | $602M | $549M | $641M | $682M | $531M | $1.02B | $1.38B | $1.38B | $1.76B | $1.78B |
| Net margin | 7.9% | 7.1% | 8.3% | 8.6% | 6.6% | 10.8% | 12.4% | 11.4% | 12.9% | 12.1% |
| EPS (diluted) | $4.68 | $2.84 | $3.33 | $3.52 | $1.87 | $3.66 | $3.29 | $3.37 | $4.36 | $4.45 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $848M | $711M | $620M | $1.14B | $1.62B | $2.18B | $2.57B | $2.93B | $3.68B | $3.58B |
| Capital expenditures | $50.8M | $116M | $49.9M | $60.5M | — | — | — | — | — | — |
| Free cash flow | $798M | $595M | $570M | $1.08B | — | — | — | — | — | — |
| Share buybacks | $132M | $47.8M | $24.8M | $18.2M | $346M | $122M | $94.1M | $537M | $304M | $270M |
| Dividends paid | $184M | $188M | $255M | $308M | $84.1M | $356M | $235M | $501M | $532M | $700M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $795M | $950M | $818M | $1.02B | $2.37B | $1.57B | $1.45B | $1.36B | $1.97B | $2.54B |
| Total assets | $23.4B | $24.3B | $24.9B | $26.7B | $28.6B | $32.1B | $33.9B | $37.2B | $40.6B | $44.1B |
| Total liabilities | $18.3B | $18.8B | $19.4B | $20.5B | $22.3B | $25.4B | $27.1B | $29.7B | $32.2B | $34.4B |
| Shareholders' equity | $5.05B | $5.41B | $5.44B | $6.07B | $6.31B | $6.65B | $6.75B | $7.46B | $8.40B | $9.70B |
| Retained earnings | $6.60B | $6.96B | $7.56B | $7.93B | $8.35B | $9.02B | $10.2B | $11.0B | $12.3B | $13.3B |
| Shares (wtd avg diluted) | 129M | 194K | 192K | 194K | 283K | 280K | 419K | 410M | 403M | 400M |
Every figure is extracted from BERKLEY W R CORP’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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