InsiderStreet Equity Research

Produced by InsiderStreet.ai from live production data. It is not investment advice, not an offer or solicitation to buy or sell any security, and not a recommendation for any investor. Do not rely on it for any investment decision.

Last Close

$75.42

2026-10-16

Market Cap

$28.0B

Volume

2.8M

52-Wk High

$78.96

52-Wk Low

$62.87

Trailing PE

15.4

P/S

1.55

Gross Margin

44.8%

Net Margin

10.7%

ROE

20%

ROIC

11%

Piotroski

8/9

Altman Z

1.8

1-Yr Return

+5.3%

5-Yr Return

+175.8%

W. R. Berkley Corporation functions as an insurance holding company, primarily underwriting commercial policies across the United States and globally. Its extensive operations are divided into two principal divisions: Insurance, and Reinsurance & Monoline Excess. The Insurance segment delivers a wide spectrum of commercial insurance solutions. This includes foundational coverages such as general liability, property, commercial auto, and professional liability, alongside specialized offerings like workers' compensation, environmental policies for diverse businesses, directors and officers (D&O) liability, cyber risk protection, and niche policies for fine arts and jewelry. The segment also extends to personal lines, providing home and automobile insurance, and specialized liability products for sectors such as law enforcement and public officials. Additionally, it offers accident and health insurance, group life, and crime and fidelity products, coupled with risk management and alternative risk program services. The Reinsurance & Monoline Excess segment focuses on assisting other insurance carriers and self-insured entities in effectively managing their overall risk exposure. This is accomplished through both treaty reinsurance, which handles portfolios of policies, and facultative reinsurance, designed for individual risks. Founded in 1967, W. R. Berkley Corporation is headquartered in Greenwich, Connecticut.

SectorFinancial ServicesIndustryInsurance - Property & CasualtyExchangeNYSEMarket Cap$28.0BEmployees8,804 (SEC-filed)CEOWilliam Robert Berkley Jr.IPO1973-10-23CountryUS

475 Steamboat Road, Greenwich, CT 06830 · Tel 203 629 3000 · berkley.com

INSIDERSTREET SCORE60 / 100Street mean $71.00 (6 analysts, last qtr) — their number, not ours

INSIDER CONSENSUS SIGNALNET BUYING$52.3M open-market purchases vs $0.0M sales / 6 mo

1 Year vs S&P 500 · WRB +5.3% · S&P 500 +15.9% · spread -10.6pp

7 Years vs S&P 500 · WRB +175.8% · S&P 500 +189.9% · spread -14.1pp

Both charts indexed to 100 at the start of their window and drawn on a single shared scale, so the gap to the benchmark is the gap you see. Adjusted closes throughout.

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INSIDERSTREET
SCORE60of 100

Score Breakdown

Profitability	51/100
Growth	67/100
Momentum	91/100
Quality	81/100
Earnings Quality	67/100
Balance Sheet	78/100
Value	69/100
Risk (safety)	100/100
Overall	59.9/100

Each component is a diagnostic reading on its own 0-100 scale. The overall score is computed separately from the underlying financials and is not the average of the rows above — components are not equally weighted and three of them (Momentum, Value, Risk) are derived partly from price rather than from the business.

Peer Comparison — IS Score

Symbol	IS Score
CINF	78
MKL	50
L	51
RE	45
AIZ	59
CNA	54
WRB	60

IS Score Trend — quarterly

14 quarters, 23 Q1 to 26 Q2. Peak 64 in 24 Q4, latest 60 — -4 since. Fell in 1 of the last 4 quarters. Dashed line marks 40 on the 0-100 scale.

BUSINESS QUALITY60 / 100IS Score 59.9 / 100 · -4.1 from peak of 64

Fundamental factor model, quarterly. Measures how the business is doing - not where the price is going.

PRICE STRUCTUREBULLISHTechnical Score 85 / 100 · Power +70 · 19 of 22 indicator votes bullish

Vote share across trend, momentum, volume, volatility and pattern families. Describes where the price is, not where it is going.

Both readings sit above the midpoint — business quality at 60 and price structure at 85 out of 100 — so they are not in conflict. The fundamentals and the tape are saying the same thing, which is the case in which either one alone would have been enough.

Trigger	Where it stands now	What it would mean
IS Score reaches 75 and holds two consecutive quarters	now 59.9	would move us up one band
IS Score stops falling - one quarter higher than the prior	last four: 57 → 51 → 56 → 60	the direction matters more than the level
Technical vote share back above 50%	now 100%	price structure no longer broken
Institutional holder count rises two quarters running	peak 956 → now 956	fewer institutions willing to hold is our clearest warning

We publish these so the view can be shown to be wrong. If none of them move and our reading does, we owe you an explanation.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

This page is InsiderStreet's own reading, produced from the data in the rest of this document. It is not a price target and not investment advice. Analyst consensus and street price targets appear later under their own heading and are the street's numbers, not ours.

Site Convergence Score2 of 4top 13% of 29,420 symbols

Sources Aligned— of 3independent disclosures

Congress (180d)1 buys2026-06-02

Insider Buys (180d)0none disclosed

ETF Funds (30d)921 up / 928 downnet -7 funds

Institutions Added (13F)28managers opening or increasing

Congressional and insider figures are disclosed purchases in the trailing 180 days; ETF figures are COUNTS OF FUNDS whose holding changed in 30 days, not dollars. Coincidence of separate disclosures, not coordination. An absent source means nothing qualifying was disclosed in its window.

Institutions holding — 12 quarters

Peak 956 · latest 956 (+0 from peak).

Quarter	Holders	13F shares	Value	Reported own%
2026 Q2	956	280.8M	$19.6B	72.2%
2026 Q1	928	279.0M	$18.3B	71.7%
2025 Q4	955	284.4M	$19.7B	73.1%
2025 Q3	936	245.6M	$18.8B	63.1%
2025 Q2	926	254.8M	$18.6B	65.5%
2025 Q1	921	262.4M	$18.5B	67.4%
2024 Q4	879	262.0M	$15.3B	67.3%
2024 Q3	804	259.1M	$14.6B	66.6%
2024 Q2	760	266.7M	$13.7B	68.5%
2024 Q1	776	268.4M	$15.6B	69.0%
2023 Q4	731	267.0M	$12.5B	68.6%
2023 Q3	668	260.6M	$11.0B	67.0%

How to read ownership above 100%. A 13F reports the positions a manager has investment discretion over, and where two or more managers share discretion over the same block, each one reports it. Summed across filers, the total can therefore exceed the shares actually outstanding without anything being wrong. We publish the figure as filed rather than netting it down, and flag separately any quarter where the arithmetic is not merely high but impossible.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Insider	Role	Date	Type	Shares	Value	Post-Txn Owned
Welt Philip S	EVP & Secretary	2026-08-03	A-Award	14,086	—	214,625
Welt Philip S	EVP & Secretary	2026-08-03	TAX W/H	592	$0.04M	214,033
Baio Richard Mark	EVP & CFO	2026-08-03	A-Award	14,086	—	228,261
Baio Richard Mark	EVP & CFO	2026-08-03	TAX W/H	650	$0.05M	227,611
Berkley William R Jr	director, 10 percent owner, Chairman, President and CEO	2026-08-03	A-Award	98,593	—	4,654,453
Berkley William R Jr	director, 10 percent owner, Chairman, President and CEO	2026-08-03	TAX W/H	4,139	$0.30M	4,650,314
Shiel James G	EVP - Investments	2026-08-03	A-Award	14,086	—	811,283
Shiel James G	EVP - Investments	2026-08-03	TAX W/H	650	$0.05M	810,633

6-mo decomposition (Form 4)	Txns	Shares	Value	Signal weight
P — Open-market purchases	9	727,044	$52.3M	Counted
F — Tax withholding	4	6,031	$0.4M	None — compensation

Monthly Net Insider Flow (000 shares)

Net of acquisitions minus dispositions, all Form 4 types.

Signal Summary

SignalNet Buying

Open-Market Sells$0.0M0 txns / 6 mo

Open-Market Buys$52.3M9 txns / 6 mo

ClusterNone active3+ insiders / 21 days

Member	Chamber	Trade	Size band	Traded	Disclosed
Gilbert Cisneros	House	SELL	$1,001 - $15,000	2026-06-05	2026-07-03
Gilbert Cisneros	House	SELL	$1,001 - $15,000	2026-06-05	2026-07-03
Gilbert Ray Cisneros	House	SELL	$1,001 - $15,000	2026-06-04	2026-07-03

House 12-Mo30 trades1 purchases

Senate 12-Mo0 tradesNone purchases

CoverageSTOCK Act filings30-45 day disclosure lag

13F Filers (last complete Q)928

13F Shares279M71.7% of shares out

New / Closed98 / 106positions, QoQ

Increased / Reduced247 / 423positions, QoQ

Put/Call (13F)0.75option positions

Free Float65.6%244M sh

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

2.8 · Largest Reporting 13F Managers

Manager	Shares	Value
Confluence Investment Management L	946,290	$64M
Barlow Wealth Partners, Llc	274,206	$19M
Fjarde Ap-Fonden /Fourth Swedish N	240,727	$16M
Ghp Investment Advisors, Inc.	179,684	$12M
Y-Intercept	143,420	$10M
Burney Co/	96,898	$7M

EDGAR 13F holdings as of 2026-09-30; filer values normalized to dollars.

2.9 · Top ETF & Fund Ownership

Fund	Weight	Position
VITSX	0.0%	$440M
VSMPX	0.0%	$440M
VTSAX	0.0%	$440M
VTI	0.0%	$440M
VOO	0.0%	$401M
VFIAX	0.0%	$401M

13F Filers Holding WRB — quarterly

Institutional Put/Call — quarterly

Daily short-sale volume as % of volume reported in FINRA's short-sale file — a flow measure, not short interest; dashed = 50-day average.

Latest Session45.1%2026-10-15

20-Day Avg45.9%50-day 52.7%

TrendFalling20d vs 50d

By Market CenterQ: 45% · N: 64% · B: 17%latest session

Weekly Notional ($B)

Where WRB Trades in the Dark

ATS Venue (4-wk)	Shares	Avg trade
Incr Intelligent Cross Llc	2.6M	45 sh
Ubsa Ubs Ats	1.8M	49 sh
Ebxl Level Ats	1.8M	33 sh
Mstx Ms Trajectory Cross (Ats-1)	1.7M	50 sh
Sgmt Sigma X2	1.2M	43 sh
Mlix Instinct X	0.9M	64 sh

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Where a dollar of W. R. Berkley Corporation revenue goes. All values FY2025 filings, live.

WRB (live moat model)Peer median: CINF · MKL · L · RE · AIZ

Component scores from the live moat model. Peer median illustrative.

Moat score 45/100 — Weak; primary source Intangible Assets.

3.8 · Employees (SEC filings)

Officer	Title
William Robert Berkley	President, CEO & Chairman
Philip Stanley Welt	Executive Vice President & Secretary
Richard Mark Baio	Executive Vice President & Chief Financial Officer
James Gerald Shiel	Executive Vice President of Investments

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Revenue ($B)

EPS ($) — GAAP diluted actual, street-basis estimate

Actual bars are GAAP diluted EPS from the filed income statement; the lighter forward bars are street-basis consensus. The two are different measures and are not comparable quarter to quarter.

Quarterly EPS — Actual vs. Consensus

Beats (>2%)3 of 6recent quarters

Avg Surprise+6.0%

Next Report2026-10-19

Income Quality1.88OCF ÷ net income

Beat Rate—%0 of 0 quarters

Current Streak0longest 0

Avg EPS Surprise—%median —%

Surprise Trend—last 4 vs prior 4

Period	EPS est.	EPS actual	EPS surprise	Rev est. ($M)	Rev actual ($M)	Rev surprise

Announcement dates to . Consensus as it stood at each report. Revenue surprise shown where both estimate and actual are filed. A beat record is history, not a forecast.

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Profit Margins (%)

Revenue by Segment — Stacked

Live segmentation data.

YoY Growth Heatmap — Income Lines

YoY growth	FY21	FY22	FY23	FY24	FY25
Revenue	+16.7%	+18.1%	+8.7%	+12.3%	+7.8%
Gross profit	+50.1%	+20.5%	+11.7%	+14.6%	-6.7%
Operating income	+82.0%	+34.0%	+2.0%	+29.1%	+3.1%
Net income	+92.7%	+35.1%	+0.0%	+27.1%	+1.3%

$B · FY ends	FY21	FY22	FY23	FY24	FY25
Revenue	9.5	11.2	12.1	13.6	14.7
Cost of revenue	7.4	8.7	9.4	10.5	11.8
Gross profit	2.0	2.4	2.7	3.1	2.9
R&D expense	0.0	0.0	0.0	0.0	0.0
SG&A expense	0.0	0.0	0.0	0.0	0.0
Operating income	1.3	1.7	1.8	2.3	2.3
EBITDA	1.6	1.9	1.9	2.2	2.4
D&A	0.1	0.1	-0.0	-0.2	-0.0
Pretax income	1.3	1.7	1.8	2.3	2.3
Income tax	0.3	0.3	0.4	0.5	0.5
Net income	1.0	1.4	1.4	1.8	1.8
Diluted EPS ($)	2.44	3.29	3.37	4.36	4.45
Diluted shares (M)	420	419	410	403	399

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Operating CF$4B

CapEx$0B

Free cash flow$3B

SBC$0B

Buybacks$0B

Net cash change$1B

Balance Sheet — Full

$B	FY22	FY23	FY24	FY25
Cash & equivalents	1.4	1.4	2.0	2.5
ST investments	17.5	20.1	22.4	26.2
Receivables (net)	6.2	6.9	6.9	7.2
Total current assets	0.0	0.0	0.0	36.9
PP&E (net)	0.4	0.4	0.5	0.6
Goodwill + intangibles	0.2	0.2	0.2	1.2
Total assets	33.9	37.2	40.6	44.1
Accounts payable	0.5	0.6	0.7	0.6
Short-term debt	0.0	0.0	0.0	0.0
Deferred revenue	0.0	0.0	0.0	6.7
Total current liabilities	0.0	0.0	0.0	26.5
Long-term debt	2.8	2.8	2.8	2.8
Total liabilities	27.1	29.7	32.2	34.4
Shareholders' equity	6.8	7.5	8.4	9.7

Cash Flow Statement — Full

$B	FY22	FY23	FY24	FY25
Net income	1.4	1.4	1.8	1.8
D&A	0.1	(0.0)	(0.2)	(0.0)
Stock-based compensation	0.0	0.1	0.1	0.0
Working capital change	1.4	1.6	2.1	2.0
Operating cash flow	2.6	2.9	3.7	3.6
Capital expenditures	(0.1)	(0.1)	(0.1)	(0.2)
Investing cash flow	(1.9)	(2.0)	(2.2)	(2.0)
Buybacks	(0.1)	(0.5)	(0.3)	(0.3)
Dividends paid	(0.2)	(0.5)	(0.5)	(0.7)
Debt issuance / (repay)	(0.4)	(0.0)	0.0	(0.0)
Financing cash flow	(0.8)	(1.1)	(0.9)	(1.0)
Free cash flow	2.5	2.9	3.6	3.5

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Balance Sheet Structure ($B)

Cash Generation vs Capex ($B)

Left: what the balance sheet is made of — the gap between the assets bar and the liabilities bar is book equity. Right: whether the capex bar is covered by the operating-cash bar; where it is not, the difference was funded externally and free cash flow goes negative.

Ratio	FY21	FY22	FY23	FY24	FY25	TTM
PROFITABILITY
ROE	15.8%	20.6%	19.5%	22.2%	19.7%	20%
ROA	3.4%	4.2%	3.9%	4.5%	4.2%	4.2%
ROIC	-12.5%	-14.7%	-12.4%	-13.4%	-11.3%	11.0%
Gross margin	21.4%	21.8%	22.4%	22.9%	19.8%	44.8%
Operating margin	13.6%	15.4%	14.4%	16.6%	15.9%	13.7%
Net margin	10.8%	12.4%	11.4%	12.9%	12.1%	10.7%
EBITDA margin	16.5%	17.1%	15.3%	16.3%	16.1%	13.8%
FCF margin	22.4%	22.5%	23.7%	26.2%	23.3%	—
VALUATION
P/E	13.64	13.55	13.19	13.01	15.73	15.4
P/B	2.10	2.77	2.44	2.72	2.89	2.9
P/S	1.48	1.68	1.50	1.68	1.90	1.55
P/FCF	6.59	7.44	6.33	6.40	8.16	8.0
EV/EBITDA	-0.61	1.34	-0.23	0.61	0.86	11.5
EV/Revenue	-0.10	0.23	-0.04	0.10	0.14	1.6
Earnings yield	7.3%	7.4%	7.6%	7.7%	6.4%	6.57%
FCF yield	15.2%	13.4%	15.8%	15.6%	12.3%	12.50%

Ratio	FY21	FY22	FY23	FY24	FY25	TTM
LEVERAGE & SOLVENCY
Current ratio	15.50	—	—	—	1.39	1.37
Quick ratio	15.50	—	—	—	1.39	1.37
Debt / equity	0.49	0.42	0.38	0.34	0.29	0.28
Debt / assets	10.2%	8.4%	7.6%	7.0%	6.4%	6.2%
Net debt / EBITDA	-9.56	-8.47	-10.02	-9.68	-10.93	0.22
Interest coverage	9.72	14.19	14.76	18.84	18.95	—

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Ratio	FY21	FY22	FY23	FY24	FY25	TTM
EFFICIENCY
Asset turnover	0.31	0.34	0.34	0.35	0.35	0.39
Receivables turnover	1.79	1.92	1.85	1.97	2.12	2.5
DSO (days)	204	190	198	185	172	147
DPO (days)	24	23	22	23	20	23
Cash conversion cycle	179	167	175	163	152	124
GROWTH (YoY)
Revenue growth	16.7%	18.1%	8.7%	12.3%	7.8%	—
Net income growth	92.7%	35.1%	0.0%	27.1%	1.3%	—
EPS growth	94.2%	34.9%	2.9%	28.9%	1.8%	—
FCF growth	34.1%	18.8%	14.3%	24.2%	-4.0%	—
PER SHARE ($)
EPS (diluted, TTM)	2.45	3.30	3.40	4.38	4.46	4.95
Book value / share	15.92	16.13	18.34	20.94	24.30	26.25
Revenue / share	22.63	26.69	29.87	34.02	36.84	46.27
FCF / share	5.07	6.01	7.08	8.91	8.59	8.99
Cash / share	43.49	45.38	52.86	60.69	72.10	76.53
SHAREHOLDER RETURN & SCORES
Buyback yield	0.9%	0.5%	2.9%	1.3%	1.0%	2.30%
Altman Z-Score	1.44	1.34	1.28	1.38	1.71	1.8
Piotroski F-Score	6	7	7	8	6	8/9
Beneish M-Score	-2.56	-2.40	-2.55	-2.67	-2.83	-3.03

Model	Score	Zone	Note
Piotroski F-Score	8 / 9	Strong
Altman Z-Score	1.8	Distress (<1.81)	Distress
Income quality	1.88	Cash-backed	OCF ÷ net income
Beneish M-Score	-3.03	Non-manipulator	vs −2.22 threshold

DuPont Decomposition (TTM)	Value
Tax burden	0.80
Interest burden	0.95
Operating margin	14.1%
Asset turnover	0.41×
Financial leverage	4.53×
= ROE	20%

Growth Quality (live)	Value
Revenue stability	0.94
Earnings stability	0.94
Earnings persistence	0.96
Revenue CAGR 3y	15.7%
EPS CAGR 3y	16.9%
FCF CAGR 3y	9.6%

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Buyback Yield2.30%

Dividend Yield2.49%

Total Shareholder Return4.03%cash yield

SBC / Revenue0.1%dilution pressure

Company	Mkt cap	P/E	ROE	Net margin	Rev growth	Piotroski	1-yr ret
CINF	$26.3B	8.0	21%	29.4%	+19.5%	8/9	+13.1%
MKL	$22.9B	10.1	13%	22.5%	+6.7%	7/9	-1.6%
L	$22.6B	13.5	10%	9.4%	+4.3%	8/9	+12.8%
RE	$15.3B	8.0	13%	14.1%	-5.1%	5/9	—
AIZ	$14.0B	13.3	18%	8.6%	+9.4%	7/9	+37.0%
CNA	$13.0B	10.5	12%	8.4%	+4.5%	8/9	—
ALL	$62.7B	4.9	46%	17.6%	+5.4%	7/9	—
AFG	$12.4B	13.0	20%	12.4%	-1.1%	6/9	—

1-yr returns computed from adjusted price history; peers without a tracked series show —.

Hold

30 Analysts

Str Sell (0)Sell (6)Hold (17)Buy (7)Str Buy (0)

Mean Target (qtr)$71.006 targets

Target vs. Price-5.9%last-quarter mean

Next Report2026-10-19street $1.15

Consensus estimates	Revenue mean	High / Low	EPS mean	High / Low	# EPS est.
FY2026	$15.11B	$15.27B / $14.82B	$4.94	$5.04 / $4.75	11
FY2027	$15.79B	$16.23B / $15.41B	$4.88	$5.14 / $4.56	11
FY2028	$16.46B	$16.56B / $16.26B	$5.14	$5.20 / $5.11	3

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Street Price Target — Trajectory

Window	Avg Target	vs. Price	# Targets
Last Month	$68.33	-9.4%	3
Last Quarter	$71.00	-5.9%	6
Last Year	$71.15	-5.7%	33
All Time	$69.62	-7.7%	56

Rolling mean of published targets vs. last close $75.42. Aggregated from StreetInsider, Benzinga.

Third-Party Composite Rating

A-

DCF

5/5

ROE

5/5

ROA

5/5

Debt/Eq

3/5

P/E

2/5

P/B

1/5

Independent quant composite as of 2026-10-16; components scored 1–5 (5 best). Shown for contrast with the InsiderStreet Score — methodologies differ.

WRB +5.3% vs S&P 500 +15.9% — spread -10.6pp

Sector — XLF +7.2%

Peer Set — indexed to 100

All series indexed to 100 at the start of the window, adjusted closes.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Candlesticks with SMA 20/50 overlay, Bollinger (20,2σ) band, volume, and Wilder RSI(14) — computed from live daily OHLCV.

Moving Average	Value	Distance	% Distance	Signal
SMA 20	$70.14	+5.28	+7.53%	Above
SMA 50	$69.76	+5.66	+8.11%	Above
SMA 200	$68.54	+6.88	+10.04%	Above
EMA 9	$72.84	+2.58	+3.54%	Above
EMA 21	$71.22	+4.20	+5.90%	Above
EMA 50	$70.32	+5.10	+7.25%	Above
EMA 200	$69.09	+6.33	+9.16%	Above

Series and readings from the nightly technical-indicator history — identical data to the site's ribbon chart. Supertrend segments colored by direction.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

TECHNICAL VERDICTBULLISHPower Score +7019 of 22 indicator votes bullish

Family Scores (site weights)

Trend 30%100

Momentum 25%82

Volume 20%75

Volatility 10%100

Patterns 15%62

This Week100% bullishof 11 price-based votes

4 Weeks Ago91%+9 pts since

12 Weeks Ago91%+9 pts since

ReadImprovingweek-over-week trajectory

Price vs SMA 20$70.14

Price vs SMA 50$69.76

Price vs SMA 200$68.54

EMA 9/21 Cross72.8/71.2

SMA 50/200Golden

ADX DirectionADX 31

Supertrend$71

Parabolic SAR$72

SMA Slope0.280

RSI76.7

Stochastic K/D91/93

StochRSI K/D100/100

Williams %R-5

CCI144

TSI vs Signal30.0

CMO53.3

ROC9.34%

OBV SignalAccum

Chaikin MF-0.050

MFI86

Force Index1M

Elder Ray Bull4.24

RSI (14)30 oversold · 70 overbought

Stochastic %Kvs %D 93

Money Flowvolume-weighted RSI

ADXtrend strength · <20 weak

Williams %Rinverted scale

Level	Value	Level	Value
Pivot / R1 / R2	$74.58 / $75.22 / $76.47	S1 / S2	$73.33 / $72.69
Bollinger (20,2)	$64.98 – $75.30	Squeeze	Off
52-wk range	$62.22 – $77.34	Off 52-wk high	-2.5%
ATR (14)	$1.42 (1.9%)	Historical vol	19.3%

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

+0.2%Jan50%

+0.8%Feb60%

+2.0%Mar71%

-0.1%Apr45%

+0.5%May65%

-0.2%Jun40%

-0.4%Jul50%

+1.8%Aug65%

+0.4%Sep50%

+3.1%Oct65%

+2.8%Nov70%

+0.9%Dec50%

Sample: 20 years — treat short histories as suggestive, not statistical.

Computed from live weekly prices	WRB	S&P 500
Weekly volatility (σ, 1y)	3.26%	1.83%
Best / worst week (1y)	+4.6% / -14.1%	—
Max drawdown (5y, monthly)	-38.9%	—
1-week VaR (95%)	-4.8%	—
Beta (5y)	0.28	1.00

WRB EQUITY WEATHER (LIVE)PARTLY CLOUDY · +29

Trend+50

Momentum+74

Volume+33

Volatility-60

Breadth-23

MARKET REGIME (2026-10-16)NEUTRAL

VIX19.99Normal

Dow TheoryConfirmed Bearish

SPY / QQQ TSI7.2 / 4.7trend strength

Sector Strength46/100breadth average

Average sentiment of 187 stories, weekly buckets, −1 to +1.

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NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Overall+28.8+38.9 vs industry

Trend+49.9+48.2 vs industry

Momentum+73.7+59.4 vs industry

Volume+33.4+40.9 vs industry

Reading	WRB	Insurance - Property & Casualty n=188	Financial Services n=24,134	All US symbols n=70,435
Overall	+28.8	-10.0	-16.3	-20.5
Trend	+49.9	+1.7	-12.5	-21.3
Momentum	+73.7	+14.3	-4.4	-15.8
Volume	+33.4	-7.5	+0.0	-3.8

Trend, momentum and volume are computed per company. Volatility and breadth are market-regime values shared by every symbol in the universe, so they are reported once under Market Regime rather than compared here - a company cannot differ from its sector on a constant.

Executive	Total comp	Structure
William R. Berkley Chairman of the Board and	$11.2M	82% equity+incentive
W. Robert Berkley, Jr. President and Chief O	$4.2M	68% equity+incentive
Eugene G. Ballard Senior Vice President— Chi	$1.5M	25% equity+incentive
Ira S. Lederman Senior Vice President— Gener	$1.5M	52% equity+incentive
James G. Shiel Senior Vice President— Invest	$1.4M	52% equity+incentive

Pillar (live disclosure scores)	Score
Environmental	40
Social	53
Governance	52
Composite ESG	48

Composite ESG Trend

Methodology. Every figure originates in InsiderStreet's production data layer and is computed deterministically by the same engines that power insiderstreet.ai. This factsheet contains no model-written text. Sections without underlying data are omitted rather than estimated.

DISCLOSURES. This document is produced by InsiderStreet.ai from live production data. It is not investment advice, not an offer or solicitation to buy or sell any security, and not a recommendation tailored to any person. Data is sourced as of the dates shown and may no longer be current. InsiderStreet.ai is not a registered investment adviser or broker-dealer. Investing involves risk, including loss of principal. Past performance does not guarantee future results. Do not make any investment decision based on this document. © 2026 InsiderStreet.ai — all rights reserved. Redistribution prohibited.

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NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Data domain	Source	Coverage for this report
Price & volume	market_db.historical_prices	52 rows
Fundamentals	income_statements_annual	6 rows · 2020 to 2025
Reported vs consensus	fact/earnings_calendar	24 rows · 2020-10-20 to 2026-07-20
Analyst estimates	dim/forward_estimates	3 rows · 2026-12-31 to 2028-12-31
Institutional ownership (13F)	holdings_db.institutional_ownership_summary	118 rows · 1987 to 2026
Insider transactions (Form 4)	edgar/form4	12 rows · 2026-06-03 to 2026-08-03
Proposed sales (Form 144)	edgar/form144	not present for this symbol
Beneficial ownership (13D/G)	edgar/13dg	not present for this symbol
Short-sale volume (FINRA)	edgar/short_volume_daily	60 rows · 2026-07-23 to 2026-10-15
Dark pool (ATS, tier 1)	edgar/darkpool_weekly	12 rows · 2026-06-15 to 2026-08-31
ETF & fund holding	etf_holdings_changelog (30d)	1 record
Peer set	stock_peers_dynamic	8 rows
Industry medians	industry_medians	1 record
Congressional trades	congress_db (House + Senate)	1 record
ESG	fact/esg_disclosures	1 record

Method. Every figure in this factsheet is looked up from a named field computed in code. It contains no model-written text.

Not covered. Short interest as a percent of float and days-to-cover are not in this data set — the short-sale figures above are FINRA volume, a flow, and cannot support squeeze or covering analysis. Options positioning and intraday data are also absent. 13F ownership is filed 45 days after quarter end and congressional trades are disclosed on a lag, so both describe a past position, not a current one.

W. R. Berkley Corporation (WRB)

W. R. Berkley Corporation (WRB)

Score Breakdown

Peer Comparison — IS Score

IS Score Trend — quarterly

W. R. Berkley Corporation (WRB)

Institutions holding — 12 quarters

W. R. Berkley Corporation (WRB)

Monthly Net Insider Flow (000 shares)

Signal Summary

W. R. Berkley Corporation (WRB)

2.8 · Largest Reporting 13F Managers

2.9 · Top ETF & Fund Ownership

13F Filers Holding WRB — quarterly

Institutional Put/Call — quarterly

Where WRB Trades in the Dark

W. R. Berkley Corporation (WRB)

3.8 · Employees (SEC filings)

W. R. Berkley Corporation (WRB)

W. R. Berkley Corporation (WRB)

W. R. Berkley Corporation (WRB)

Balance Sheet — Full

Cash Flow Statement — Full

W. R. Berkley Corporation (WRB)

W. R. Berkley Corporation (WRB)

W. R. Berkley Corporation (WRB)

W. R. Berkley Corporation (WRB)

Street Price Target — Trajectory

Third-Party Composite Rating

W. R. Berkley Corporation (WRB)

W. R. Berkley Corporation (WRB)

Family Scores (site weights)

W. R. Berkley Corporation (WRB)

W. R. Berkley Corporation (WRB)

W. R. Berkley Corporation (WRB)