W.R. Berkley Corp.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $1.78B | $1.76B | $1.38B | $1.38B | $1.02B | $530.7M | $681.9M | $640.7M |
| Depreciation & Amortization | $-48.1M | $-170.6M | $-20.9M | $55.9M | $129.7M | $135.1M | $113.4M | $131.1M |
| Depreciation | $54.0M | $55.0M | $51.0M | $52.0M | $52.0M | $53.0M | $54.0M | $54.0M |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $54.5M | $54.4M | $51.0M | $49.4M | $46.7M | $49.7M | $49.3M | $36.6M |
| Net Cash from Operating Activities | $3.58B | $3.68B | $2.93B | $2.57B | $2.18B | $1.62B | $1.14B | $620.2M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | — | $60.5M | $49.9M |
| Business Acquisitions | $0 | $0 | $11.6M | $49.6M | $0 | $0 | $0 | $6.6M |
| Net Cash from Investing Activities | $-2.03B | $-2.18B | $-1.96B | $-1.89B | $-2.99B | $119.7M | $-424.9M | $-714.2M |
| Financing Activities | ||||||||
| Dividends Paid | $700.3M | $532.0M | $501.5M | $235.2M | $355.7M | $84.1M | $308.2M | $255.0M |
| Stock Repurchases | $270.2M | $303.7M | $537.2M | $94.1M | $122.4M | $346.4M | $18.2M | $24.8M |
| Net Cash from Financing Activities | $-1.03B | $-852.5M | $-1.06B | $-772.0M | $5.8M | $-397.8M | $-513.2M | $-7.4M |
| Net Change in Cash | $565.2M | $611.6M | $-86.2M | $-119.5M | $-803.5M | $1.35B | $206.1M | $-132.9M |
| Free Cash Flow | — | — | — | — | — | — | $1.08B | $570.3M |