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WRB
ACCE-researched

W.R. Berkley Corporation Common Stock (WRB) fair value

Financial Services · Insurance - Property & Casualty · NYSE · United States
$73.33-2.94%
Market cap $28.0BNext earnings 2026-10-19Updated Oct 23, 2026
Our verdict
Trades 20% above our fair value
Price
$73.33
Model fair valueConfidence: good
$61.01
Model range
$59.56 to $62.25
Fair value $61.01
Price $73.33
2 models fit W.R. Berkley Corporation Common Stock and they agree: 2 of 2 land within 15% of the average. The price is above every model.
Two or more of our models back this value.
Premium(i)Silver64
Valued as an insurer: Residual income, P/E comparison, and Dividend discount.
ACCE opinionW.R. Berkley Corporation Common Stock (WRB)
Fair value (2 models)
$61.01
ACCE price target
$78.00
Rating
Overvalued
Horizon
12 months
Fair value published on 23 Oct 2026, 11:04 CEST; previously $59.90 since 20 Oct 2026, 14:06 CEST.
ACCE price target published on 20 Oct 2026, 02:20 CEST; previously $68.00 since 24 Sept 2026, 00:00 CEST.
Rating published on 18 Oct 2026, 16:04 CEST.
Price used: $73.33 at the close on 23 Oct 2026, 22:00 CEST.
Models: P/E comparison and Residual income.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Full methodology
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
20.2% above
-16.8% to fair value
ACCE score
56
out of 100
Analysts
11% buy
18 covering
P/E
16.0x
forward 13.8x
1-year return
-2.5%
Dividend yield
0.12%

W.R. Berkley Corporation Common Stock in four questions

Plain answers, details below
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OverviewAsk ACCEValuationQualityAnalystsSmart MoneyCompareNews and Record

Overview

ACCE thesis

W.R. Berkley writes specialty commercial property and casualty insurance through a network of independent underwriting units, with its core lines in excess and surplus, professional liability, and small commercial business. The competitive edge is decentralisation: roughly fifty semi-autonomous operating units each price their own risks, which has let the company stay selective through soft markets and push rates when pricing firms up. Revenue growth is slightly negative at -0.8%, so the case rests on underwriting discipline and returns rather than top-line momentum, and any re-rating would need evidence that premium growth resumes as pricing holds. At a 16.0x trailing and 15.5x forward P/E with a 20.2% return on equity and a 16.1% operating margin, the stock screens reasonably against its profitability. The score of 66/100 and the absence of index membership suggest it is a mid-quality name that merits a closer look at combined ratio trends and reserve development, not a conclusion in itself.

AI-assisted·How I use AIWritten Oct 23, 2026
⚠ Investor warnings · 2 flagsAI-assisted·How I use AI
  • moderate
    Revenue growth slowing
    Revenue grew only 1.2% year over year, well below the 12.7% five-year CAGR, while earnings grew 15.0%, so profit growth is outpacing the top line.
  • moderate
    Price above model fair value
    The stock trades 20.2% above the model fair value of $61.01, so the valuation leaves little margin for error even with ACCE price target of $78.00 sitting 6.0% above the price.

AI research notes

AI-assisted·How I use AIWritten Oct 22, 2026 · figures from 2026-10-21 · prices to Oct 23, 2026
Why it could do well
  • Free cash flow over the last twelve months reached $3.5B, and the stock yields 12.6% on that cash flow at today's price.
  • Return on equity of 20.2% is strong for an insurer, and debt to equity of 0.29 leaves the balance sheet conservatively financed.
  • The company is buying back stock, with the diluted share count down 1.0% last fiscal year, which lifts per-share value for holders.
Why it could disappoint
  • Revenue grew only 1.2% year over year, far below the 12.7% annual pace of the past five years, so growth has clearly slowed.
  • The model fair value of $61.01 sits 20.2% below the share price, and the analysts' mean target is 7.1% below the price too.
  • Only 11% of analysts rate the stock Buy or Strong Buy, and the stock trades at 15.2x forward earnings against a sector median of 11.8x.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.

Walk me through this stock

Plain-English pros, cons, and what to watch. Pro feature.

PRO

Ask ACCE

Valuation

INVESTOR
Where WRB's valuation models land
Price
$73.33
Model fair value
$61.01
Model range
$59.56 to $62.25
Fair value $61.01
Price $73.33
The price is above the whole model range.
Model
Fair value
Upside
Dividend discount
P/E comparison
Residual income
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Quality

INVESTOR
Quality and conviction INVESTOR FEATURE

The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.

  • +A plain reason under every score
  • +Conviction breakdown and growth / value / quality / momentum scores
  • +Score history: how each score moved over time

Analysts

Wall Street consensus

Bearish11% buy · 18 covering analysts
● Strong buy 2● Buy 0● Hold 9● Sell 3● Strong sell 4
Analyst intelligence INVESTOR FEATURE

The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.

  • +Price-target low / average / high vs the current price, with implied upside
  • +Forward revenue and EPS consensus by fiscal year
  • +ACCE fair-value models lined up against the Street

Smart Money

PRO

In one line

Trades are only made public after a delay. We show the delay so you know how old the news is.

Company insiders
No trades filed
Last 90 days
Congress
0 buys · 7 sells
Since May 7, 2026, 1 member
Average delay
21 days
From trade to public filing
Full trade list on ProDo politicians beat the market? Our backtest →
Smart money tracking PRO FEATURE

Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.

  • +Quarter-over-quarter institutional position changes
  • +Every insider and Congress trade, with how late it was disclosed
  • +Active 13D activist filings and top holders

Compare

Where it sits vs peers

News and Record

Press releases mentioning this company

Recent performance

1 week
-2.8%
1 month
+8.4%
3 months
-2.8%
6 months
+10.2%
YTD
+4.6%
1 year
-2.5%

SEC filings

Recommendation history, last 12 months

DateTypeNewPreviousPrice
23 Oct 2026, 11:04 CESTFair value$61.01$59.90$75.55
20 Oct 2026, 14:06 CESTFair value$59.90$60.85$74.08
20 Oct 2026, 02:20 CESTACCE price target$78.00$68.00$74.08
18 Oct 2026, 16:04 CESTRatingOvervaluedfirst publication$75.42
28 Sept 2026, 00:00 CESTFair value$60.85$61.72$66.82
24 Sept 2026, 00:00 CESTACCE price target$68.00first publication$68.17
23 Sept 2026, 00:00 CESTFair value$61.72$62.58$68.79
14 Sept 2026, 00:00 CESTFair value$62.58$63.84$69.90
31 Aug 2026, 00:00 CESTFair value$63.84$108$68.34
19 Aug 2026, 00:00 CESTFair value$108$126$70.02

This analysis is not personalised investment advice and does not take your situation, objectives or risk tolerance into account. ACCE Investments is not an authorised investment firm.

Investing in shares carries a risk of losing capital. The value of an investment can go down as well as up.

Valuation horizon: 12 months from the publication date.

Conflicts of interest. ACCE Investments is operated by Adrien Chantreuil, who may hold personal positions in the securities analysed. Positions are declared on each security. ACCE receives no payment from the companies analysed or from any intermediary for this analysis.

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Snapshot

Growth7Value64Quality84Momentum70Total56
Valuation
Trailing P/E
16.0x
Forward P/E
13.8x
PEG
4.45
P/B
2.55x
EV / Revenue
1.7x
Book value/sh
$25.32
Enterprise value
$25.4B
Profitability
ROE
20.2%
FCF yield
12.37%
ROIC
11.6%
Health and risk
Debt / equity
0.29
Dividend yield
0.12%
Beta
0.27

Price

-2.3% · 1Y

Ask anything about WRB

Answered from W.R. Berkley Corporation Common Stock fundamentals + recent valuations. Every number shows its source and date.

This stock Peer Peer median weaker → stronger
P/Ebetter than 0% of peers
low 8.3x16.0xhigh 16.0x
ROEbetter than 83% of peers
low 9%20%high 21%
Div yieldbetter than 17% of peers
low 0.0%0.1%high 4.3%

Peers

Prices Oct 23, 2026
CompanyPriceFair valuevs fair valueP/EROEQualityScore
WRB W.R. Berkley Corporation Common Stock$73.33$6120% above16.0x20.2%8456
QBE.AX QBE Insurance GroupA$26.38A$2034% above12.5x19.3%6970
CINF Cincinnati Financial Corporation Common Stock$178.28$1875% below8.3x21.5%8780
IFC.TO Intact FinancialC$267.37C$20133% above14.7x16.1%6757
L Loews Corporation Common Stock$113.68$9224% above13.9x9.3%5958
MKL Markel Group Inc. Common Stock$1905.39$156122% above10.3x12.5%8371
UNI.MI Unipol Assicurazioni S.p.A.€24.85€1929% above10.6x16.9%7184

Sector report card

Where WRB ranks against its sector peers on each metric.

Computing percentiles…
  • Business Wire•Sep 22, 2026
    W. R. Berkley Corporation to Announce Third Quarter 2026 Earnings on October 19, 2026
  • Business Wire•Sep 10, 2026
    W. R. Berkley Corporation Declares Regular Quarterly Cash Dividend
  • Business Wire•Aug 18, 2026
    W. R. Berkley Corporation Forms Berkley Meridian
1 more press releases · full archive on Investor+.INVESTOR
40 filings
October 2026
Oct 19
8-KCurrent reportPeriod 2026-10-19
View on SEC →
August 2026
Aug 5
Form 4Insider transactionPeriod 2026-08-03
View on SEC →
Aug 5
Form 4Insider transactionPeriod 2026-08-03
View on SEC →
37 more filings + AI summaries on Investor+.INVESTOR