BERKLEY W R CORP (WRB) Risk Factors

Recent key developments

Concrete developments — dated events, named agreements and instruments, legal proceedings — that BERKLEY W R CORP surfaced in its latest filing.

• In December 2023, one of the Company's subsidiaries filed a lawsuit against certain reinsurers to recover in excess of $90 million in respect of certain losses under certain event cancellation insurance policies.December 2023
• As of December 31, 2025, the amount due from reinsurers was approximately $3,558 million, including amounts due from state funds and industry pools where the company intended to bear no risk.December 31, 2025
• As of December 31, 2025, fixed maturity securities were approximately $25.0 billion, or 75.3% of total investment portfolio including cash and cash equivalents.December 31, 2025
• As of December 31, 2025, investment in equity securities, merger arbitrage securities, investment funds, private equity, loans and real estate related assets was approximately $5.6 billion, or 17.1% of investment portfolio including cash and cash equivalents.December 31, 2025
• As of December 31, 2025, merger and arbitrage trading securities were $1.2 billion, or 3.7% of investment portfolio.December 31, 2025
• As of December 31, 2025, real estate related investments were $1.9 billion, or 5.7% of investment portfolio.December 31, 2025
• Current accident year catastrophe losses net of reinsurance recoveries were $336 million in 2025, $298 million in 2024 and $195 million in 2023.2025
• Based on 2025 earned premiums, the aggregate deductible under TRIPRA during 2026 is approximately $1,835 million.2026
• Maximum amount of dividends that can be paid without regulatory approval is approximately $1.4 billion during 2026.2026
• Mitsui Sumitomo Insurance Co., Ltd. owns approximately 14.7% of the company's common stock as of February 23, 2026.February 23, 2026
• Waiver of Solvency II group capital requirements received.