Berkley announces the passing of founder William R. Berkley
He was 80, founded the company in 1967, and built it into a leading commercial insurer.
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Commercial and high-net-worth personal lines insurer
berkley.comLast updated
In short: Berkley mourned the passing of its founder, William R. Berkley, while achieving record financial results and making key leadership appointments.
He was 80, founded the company in 1967, and built it into a leading commercial insurer.
The board also increased share repurchase authorization to 25 million shares. Total capital returned to shareholders in 2026 is approximately $558.8 million.
Shareholders' equity return exceeds 21%. Net income reaches $1.8 billion, operating income $1.7 billion, premiums written $12.7 billion. Annual report 'The Fabric of Berkley' is available.
Net income grew 23.4% to $515.2 million with 21.2% ROE. Operating income hit record $514.3 million. Returned $336.1 million to shareholders.
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