BERKLEY W R CORP

WRB

Quality scores

Data as of Sep 5, 2026

5 / 9

Neutral

5/9 — middling fundamentals (neutral zone).

PassROA > 0 — ROA last year = 4.04 %
PassFCF > 0 — FCF last year = 3,412.62 mill.
PassFCF > net income (accrual quality) — FCF 3,412.62 vs. net income 1,779.40 (mill.)
FailRising ROA — ROA 4.04 % vs. prior year 4.33 %

PassLower long-term leverage — long-term debt/assets 0.06 vs. prior 0.07
FailRising current ratio (more liquidity) — Working capital (approx.) — mill. vs. prior — mill.
PassNo dilution (shares do not grow) — Shares 377.16 mill. vs. prior 380.07 mill.

Test 6: no current assets/liabilities; approximated with the working-capital trend.

Z-Score (original)

—

Not applicable

Z''-Score (non-manufacturing)

—

Not applicable

Ratio	Value
X1 — Working capital / Total assets	—
X2 — Retained earnings / Total assets	0.30
X3 — EBIT / Total assets	0.05
X4 — Market cap / Total liabilities	0.73
X4 — Book equity / Total liabilities	0.28
X5 — Sales / Total assets	0.33