Berkley W R (WRB-PH) Operating Expenses (2009 - 2026)
Berkley W R (WRB-PH) posted quarterly Operating Expenses of $3.1 billion for Q1 2026, up 2.18% YoY from $3.0 billion in Q1 2025, and down 2.39% sequentially from $3.1 billion in Q4 2025.
Berkley W R (WRB-PH) Operating Expenses (2009 - 2026) Analysis & Trends
Berkley W R has disclosed Operating Expenses across 18 years of filings, most recently posting $3.1 billion for Q1 2026.
- In Q1 2026, Operating Expenses rose 2.18% year-over-year to $3.1 billion; the TTM figure through Mar 2026 stood at $12.5 billion (up 6.77% YoY), while the FY2025 annual figure was $12.4 billion, up 9.26% from the prior year.
- Operating Expenses slipped to $3.1 billion in Q1 2026, from $3.1 billion in the prior quarter.
- Over the last five years, Operating Expenses for WRB-PH reached as high as $3.1 billion in Q4 2025 and fell as low as $2.2 billion in Q1 2022.
- The 5-year median for Operating Expenses is $2.7 billion (2023), against an average of $2.7 billion.
- Annual changes were most pronounced in 2022 — Operating Expenses grew 17.31% — and 2026, when it climbed 2.18%.
- A 5-year view of Operating Expenses shows it stood at $2.5 billion in 2022, then advanced by 7.29% to $2.7 billion in 2023, then increased by 8.05% to $2.9 billion in 2024, then increased by 7.15% to $3.1 billion in 2025, then retreated by 2.39% to $3.1 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $3.1 billion, $3.1 billion, and $3.1 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Markel | 7,105.55 Bn | 7,090.09 Bn | 2.38 Bn | 3.10 Bn |
| 2 | Progressive | 131.92 Bn | 127.57 Bn | 8.36 Bn | 18.62 Bn |
| 3 | Chubb | 78.78 Bn | 71.35 Bn | 8.64 Bn | 11.78 Bn |
| 4 | Cincinnati Financial | 74.32 Bn | 73.06 Bn | 2.60 Bn | 2.54 Bn |
| 5 | Travelers Companies | 72.03 Bn | 48.11 Bn | 5.54 Bn | 9.81 Bn |
| 6 | Allstate | 63.08 Bn | 38.49 Bn | 14.72 Bn | 13.83 Bn |
| 7 | Fairfax Financial Holdings | 34.53 Bn | 39.18 Bn | - | -108.20 Mn |
| 8 | Loews | 23.53 Bn | 11.27 Bn | -1.32 Bn | 4.09 Bn |
| 9 | Selective Insurance | 20.82 Bn | 19.07 Bn | 543.42 Mn | 17.90 Mn |
| 10 | Berkley W R | 2.39 Bn | -1.35 Bn | 2.72 Bn | 3.07 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 3.07 Bn |
| Dec 31, 2025 | 3.15 Bn |
| Sep 30, 2025 | 3.12 Bn |
| Jun 30, 2025 | 3.15 Bn |
| Mar 31, 2025 | 3.01 Bn |
| Dec 31, 2024 | 2.94 Bn |
| Sep 30, 2024 | 2.93 Bn |
| Jun 30, 2024 | 2.83 Bn |
| Mar 31, 2024 | 2.68 Bn |
| Dec 31, 2023 | 2.72 Bn |
| Sep 30, 2023 | 2.61 Bn |
| Jun 30, 2023 | 2.54 Bn |
| Mar 31, 2023 | 2.52 Bn |
| Dec 31, 2022 | 2.54 Bn |
| Sep 30, 2022 | 2.44 Bn |
| Jun 30, 2022 | 2.29 Bn |
| Mar 31, 2022 | 2.18 Bn |
| Dec 31, 2021 | 2.22 Bn |
| Sep 30, 2021 | 2.09 Bn |
| Jun 30, 2021 | 2.00 Bn |