W. R. Berkley Corporation 5.70% SB DB 2058 Financial Ratios — WRB-PE

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	8.91	10.86	9.82	11.7	8.39	9.36	8.05	8.76	8.72	6.46	11.66	14.25	12.87	14.87	13.73
Return on Assets (%)	2.18	2.65	2.46	3.07	2.32	2.67	2.3	2.6	2.65	1.92	3.37	4.19	3.89	4.52	4.2
Return on Capital (%)	7.77	9.06	8.11	9.4	7.1	7.9	6.95	7.58	7.6	5.88	9.61	11.61	10.89	12.65	11.85
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	10.45	12.57	11.63	13.36	10.79	11.69	10.08	10.52	10.75	8.7	13.53	15.33	14.49	16.54	15.58
Profit Margin (%)	7.97	9.15	8.32	9.1	7.42	7.85	7.16	8.3	8.6	6.55	10.78	12.31	11.41	12.83	12.15
Net Income to Common Margin (%)	7.97	9.15	8.32	9.1	7.42	7.85	7.16	8.3	8.6	6.55	10.78	12.31	11.41	12.83	12.15
Effective Tax Rate (%)	23.77	27.25	27.7	31.78	31.14	32.68	28.4	20.08	19.81	24.38	19.63	19.46	21.12	22.52	21.74
Dvd Payout Ratio (%)	11.06	36.02	10.32	27.91	11.5	30.41	33.75	38.78	44.92	15.72	34.22	16.93	36.17	30.34	39.12
Sustainable Growth Rate (%)	7.93	6.95	8.81	8.44	7.43	6.51	5.33	5.36	4.81	5.45	7.67	11.83	8.21	10.36	8.36

Credit (USD)

API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	1,744	2,115	2,032	2,456	2,185	2,488	2,497	2,790	2,626	2,725	3,267	2,837	2,842	2,841	2,840
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	5	5	- -	- -
LT Debt	1,744	2,115	2,032	2,456	2,185	2,488	2,497	2,790	2,626	2,725	3,267	2,832	2,837	2,841	2,840
Total Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	-0.4	-0.32	-0.51	-0.33	-0.49	-0.36	-0.79	-0.32	-0.39	-0.25	-0.45	-0.4	-0.42	-0.83	-1.34
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	113	126	123	128	131	141	147	157	153	151	147	130	127	127	127
Common Equity/Total Assets	24.66	24.14	25.85	26.61	28.65	28.43	28.82	30.64	30.02	29.43	28.43	30.32	30.1	30.63	30.64
Long-Term Debt/Equity (%)	44.02	48.78	46.51	53.1	47.16	48.97	45.81	50.91	42.92	43.08	49	41.84	37.98	33.79	29.24
Long-Term Debt/Capital (%)	27.72	30.17	27.55	29.7	25.88	27.15	26.17	26.67	24.61	24.42	26.34	21.58	20.18	18.6	17.36
Long-Term Debt/Total Assets (%)	9.47	10.49	9.89	11.31	10.05	10.65	10.28	11.2	9.85	9.53	10.18	8.36	7.63	7	6.44
Total Debt/Equity (%)	44.02	48.78	46.51	53.1	47.16	48.97	45.81	50.91	42.92	43.08	49	41.92	38.06	33.79	29.24
Total Debt/Capital (%)	27.72	30.17	27.55	29.7	25.88	27.15	26.17	26.67	24.61	24.42	26.34	21.62	20.22	18.6	17.36
Total Debt/Total Assets (%)	9.47	10.49	9.89	11.31	10.05	10.65	10.28	11.2	9.85	9.53	10.18	8.38	7.64	7	6.44
Net Debt to Equity	21	27.89	27.29	38.52	30.68	33.32	28.38	35.99	26.19	5.58	25.47	20.51	19.8	10.3	3.09
Net Debt/Capital (%)	15.47	19.81	18.24	23.45	18.51	20.23	18.01	20.45	16.61	4.02	15.68	11.89	11.65	6.51	2.17
EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx	-45	-41	-63	-42	-64	-51	-116	-50	-60	-38	-67	-53	-53	-106	-170
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	24.66	24.14	25.85	26.61	28.65	28.43	28.82	30.64	30.02	29.43	28.43	30.32	30.1	30.63	30.64
Long-Term Debt/Equity (%)	44.02	48.78	46.51	53.1	47.16	48.97	45.81	50.91	42.92	43.08	49	41.84	37.98	33.79	29.24
Long-Term Debt/Capital (%)	27.72	30.17	27.55	29.7	25.88	27.15	26.17	26.67	24.61	24.42	26.34	21.58	20.18	18.6	17.36
Long-Term Debt/Total Assets (%)	9.47	10.49	9.89	11.31	10.05	10.65	10.28	11.2	9.85	9.53	10.18	8.36	7.63	7	6.44
Total Debt/Equity (%)	44.02	48.78	46.51	53.1	47.16	48.97	45.81	50.91	42.92	43.08	49	41.92	38.06	33.79	29.24
Total Debt/Capital (%)	27.72	30.17	27.55	29.7	25.88	27.15	26.17	26.67	24.61	24.42	26.34	21.62	20.22	18.6	17.36
Total Debt/Total Assets (%)	9.47	10.49	9.89	11.31	10.05	10.65	10.28	11.2	9.85	9.53	10.18	8.38	7.64	7	6.44
CFO/Total Liabilities	4.64	4.27	5.07	4.3	5.15	4.64	3.77	3.19	5.57	7.26	8.59	9.48	9.85	11.44	10.43
CFO/CapEx	14.79	16.65	12.98	17.51	13.87	16.69	6.14	12.44	18.92	42.35	32.78	48.75	55.19	34.83	21.07
Altman's Z-Score	0.61	0.61	0.65	0.7	0.72	0.73	0.72	0.74	0.72	0.7	0.69	0.76	0.74	0.76	0.76

Working Capital (USD)

API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	2.57	1.84	1.79	2.06	1.91	2.04	2	1.97	1.84	1.67	1.8	1.93	1.84	1.98	2.11
Days Sales Outstanding	142.28	198.7	204.43	177.18	191.26	178.92	182.67	185.22	198.81	217.94	203.32	189.49	198.13	184.38	172.74
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Cash & Cash Equivalents	912	906	840	674	764	795	950	818	1,024	2,372	1,569	1,449	1,363	1,975	2,540
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	8	29	33	34	33	34	40	42	43	15	15	20	14	12	11
+ Total Debt	1,744	2,115	2,032	2,456	2,185	2,488	2,497	2,790	2,626	2,725	3,267	2,837	2,842	2,841	2,840
Enterprise Value	-10,916	-11,082	-10,674	-11,061	-11,141	-12,133	-12,541	-11,593	-12,535	-13,791	-14,890	-16,128	-18,632	-21,475	-24,706
Total Capital	6,289	7,009	7,378	8,269	8,443	9,165	9,541	10,461	10,673	11,159	12,403	13,124	14,056	15,277	16,354
Total Debt/Capital (%)	27.72	30.17	27.55	29.7	25.88	27.15	26.17	26.67	24.61	24.42	26.34	21.62	20.22	18.6	17.36
Total Debt / EV	-0.16	-0.19	-0.19	-0.22	-0.2	-0.21	-0.2	-0.24	-0.21	-0.2	-0.22	-0.18	-0.15	-0.13	-0.11
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Enterprise Value	839	1,238	1,226	1,815	1,454	1,727	1,587	2,014	1,646	368	1,713	1,408	1,493	879	311
EV per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Sales	4,909	5,583	6,011	7,129	6,785	7,666	7,669	7,719	7,933	8,099	9,481	11,217	12,111	13,691	14,640
TTM EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	756	767	909	822	971	943	816	746	1,267	1,731	2,302	2,674	3,030	3,777	3,682
TTM Free Cash Flow to Firm	801	808	972	864	1,035	994	932	796	1,327	1,769	2,369	2,726	3,083	3,882	3,852

Multiples (USD)

API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	-10,916	-11,082	-10,674	-11,061	-11,141	-12,133	-12,541	-11,593	-12,535	-13,791	-14,890	-16,128	-18,632	-21,475	-24,706
Low Price	- -	- -	- -	- -	- -	- -	- -	20.65	22.02	14.81	25.92	21.33	20.3	22.89	20.43
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales Average	0.17	0.22	0.2	0.25	0.21	0.23	0.21	0.26	0.21	0.05	0.18	0.13	0.12	0.06	0.02
EV/Sales High	0.17	0.22	0.2	0.25	0.21	0.23	0.21	0.26	0.21	0.05	0.18	0.13	0.12	0.06	0.02
EV/Sales Low	0.17	0.22	0.2	0.25	0.21	0.23	0.21	0.26	0.21	0.05	0.18	0.13	0.12	0.06	0.02
EV/EBITDA Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	- -	- -	- -	- -	- -	- -	22.05	26.46	27.99	26.7	22.2	25.17	23.06	22.1
High Price	- -	- -	- -	- -	- -	- -	- -	25.1	27.72	27.99	27.94	26.86	25.32	25.68	24.54
Enterprise Value Average	839	1,238	1,226	1,815	1,454	1,727	1,587	2,014	1,646	368	1,713	1,408	1,493	879	311
Enterprise Value High	839	1,238	1,226	1,815	1,454	1,727	1,587	2,014	1,646	368	1,713	1,408	1,493	879	311
Enterprise Value Low	839	1,238	1,226	1,815	1,454	1,727	1,587	2,014	1,646	368	1,713	1,408	1,493	879	311

Shares Outstanding	464	459	446	428	416	409	410	412	413	400	398	397	385	380	377
Diluted Weighted Avg Shares	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic Weighted Avg Shares	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Revenue per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS from Cont Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted EPS, GAAP	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted EPS from Cont Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow per Basic Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash & Equivalents per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Book Value per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Tangible Book Value per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

W. R. Berkley Corporation 5.70% SB DB 2058

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)