W. R. BERKLEY CORP WRB Balance Sheet

W. r. berkley corp (WRB)

Balance Sheet / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Dec'09
Assets
Investments:
Real estate
2,084	2,105	2,102	2,067	2,019	1,957	1,917	1,883	1,833	1,469	1,391	1,317	1,237	1,184	1,108	1,024	986	936	873	820	761	731	703	530	752	715	647	589	588	606	433	360	355	342	346	117	32	0	-	-	-
Debt Securities, Available-for-sale and Held-to-maturity
13,666	14,180	14,086	13,732	13,640	13,606	13,572	13,218	13,343	13,551	13,873	13,514	13,422	13,190	13,616	12,954	12,745	12,444	12,368	12,395	12,652	12,705	12,397	12,088	11,986	11,616	11,612	11,635	11,665	11,943	11,892	11,826	11,554	11,312	11,230	11,279	11,251	11,209	11,386	11,147	11,299
Investment in arbitrage funds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	56	59	62	-	60	58	83
Investment funds
1,178	1,213	1,227	1,401	1,359	1,332	1,251	1,208	1,161	1,155	1,119	1,190	1,238	1,198	1,231	1,205	1,179	1,170	1,140	1,123	1,214	1,211	1,020	984	956	1,067	873	858	793	809	747	728	679	680	610	606	548	512	409	421	418
Arbitrage trading account
667	401	642	533	505	453	678	721	744	618	488	634	753	299	602	496	384	376	351	830	972	450	918	732	681	522	619	680	701	329	417	419	344	397	327	474	488	359	472	498	465
Equity securities
356	480	443	416	341	279	325	472	496	576	614	612	611	669	158	286	141	150	177	153	174	170	222	257	322	283	338	434	399	376	425	561	489	443	438	511	510	561	461	357	401
Loans receivable (allowance for expected credit losses of $3,928 at March 31, 2020)
87	91	92	94	95	94	96	98	75	79	74	96	103	106	113	142	149	273	286	259	280	322	343	655	373	343	411	359	456	401	371	325	357	263	283	311	348	353	357	373	381
Total investments
18,039	18,473	18,593	18,246	17,961	17,723	17,841	17,602	17,654	17,450	17,561	17,365	17,367	16,649	16,832	16,110	15,587	15,351	15,197	15,583	16,056	15,591	15,605	15,248	15,072	14,548	14,504	14,558	14,604	14,467	14,287	14,222	13,780	13,439	13,293	13,360	13,242	12,995	13,147	12,856	13,050
Cash and cash equivalents
965	1,023	812	1,258	937	817	819	911	956	950	773	788	608	795	873	948	837	763	879	756	614	674	1,342	842	643	839	966	658	945	905	1,189	1,012	1,082	911	866	794	630	642	922	781	515
Premiums and fees receivable (allowance for expected credit losses of $21,524 at March 31, 2020)
2,075	1,997	2,009	2,034	1,964	1,807	1,872	1,902	1,845	1,773	1,818	1,867	1,766	1,701	1,742	1,843	1,749	1,669	1,720	1,766	1,706	1,651	1,681	1,748	1,651	1,557	1,585	1,582	1,504	1,440	1,409	1,347	1,307	1,206	1,195	1,241	1,179	1,087	1,069	1,112	1,047
Due from reinsurers (allowance for expected credit losses of $6,800 at March 31, 2020)
2,178	2,133	2,079	2,040	1,941	1,932	1,859	1,841	1,868	1,783	1,739	1,646	1,640	1,743	1,692	1,602	1,558	1,532	1,559	1,533	1,519	1,503	1,452	1,464	1,508	1,533	1,525	1,477	1,441	1,450	1,309	1,270	1,242	1,215	1,187	1,130	1,173	1,070	1,076	1,062	972
Deferred policy acquisition costs
542	517	527	520	515	497	513	514	513	507	534	539	544	537	564	563	547	513	524	521	507	488	492	483	475	452	452	433	425	404	400	386	377	364	450	440	429	405	412	409	391
Prepaid reinsurance premiums
576	567	547	538	516	498	497	503	490	472	473	482	451	413	429	450	429	394	400	415	410	395	418	431	404	367	381	382	345	316	311	305	274	258	275	275	265	215	226	235	211
Trading account receivables from brokers and clearing organizations
132	423	209	402	322	347	191	119	26	189	297	164	29	484	185	349	373	383	401	41	0	371	0	57	74	304	123	144	28	446	387	275	382	318	380	242	286	339	239	183	310
Property, furniture and equipment
422	422	416	398	406	416	424	427	424	422	399	424	356	349	348	346	346	348	336	332	327	332	333	335	337	339	336	291	271	267	258	264	268	262	263	254	256	254	251	245	246
Goodwill
169	169	169	173	173	173	171	178	178	178	173	144	144	144	134	154	153	153	153	150	150	150	103	103	110	110	113	112	107	87	87	87	90	87	90	90	90	90	107	107	90
Accrued investment income
140	138	144	140	150	144	148	141	143	136	139	136	135	127	133	127	130	123	128	129	139	120	138	123	130	118	128	126	126	127	131	135	132	133	133	139	135	138	142	134	130
Current federal and foreign income taxes
-	-	-	-	-	0	-	-	-	0	-	-	-	14	-	-	-	55	-	-	-	67	-	-	-	24	-	-	-	0	5	0	0	9	2	15	0	23	-	6	0
Federal and foreign income taxes
83	0	0	0	0	35	37	0	-	0	-	-	-	-	0	0	0	-	2	29	0	-	0	0	0	20	63	67	-104	0	-69	-31	-1	-	0	14	76	65	46	117	190
Other assets
764	762	708	734	695	501	478	477	483	434	423	433	501	402	408	530	517	442	434	430	414	369	529	327	295	335	343	376	320	242	154	153	195	195	190	192	216	198	171	164	171
Assets
26,089	26,630	26,218	26,487	25,585	24,895	24,855	24,621	24,587	24,299	24,336	23,993	23,547	23,364	23,345	23,025	22,230	21,730	21,738	21,689	21,847	21,716	22,097	21,167	20,704	20,551	20,523	20,211	20,120	20,155	19,932	19,462	19,133	18,403	18,330	18,195	17,983	17,528	17,812	17,416	17,328
Liabilities and Equity
Reserves for losses and loss expenses
12,732	12,583	12,396	12,320	12,093	11,966	11,872	11,736	11,784	11,670	11,654	11,324	11,224	11,197	11,097	10,897	10,788	10,669	10,661	10,622	10,474	10,369	10,314	10,256	10,214	10,080	10,061	9,921	9,809	9,751	9,562	9,488	9,394	9,337	9,261	9,195	9,172	9,016	9,135	9,109	9,071
Unearned premiums
3,800	3,656	3,691	3,614	3,496	3,359	3,454	3,441	3,404	3,290	3,409	3,425	3,402	3,283	3,408	3,417	3,314	3,137	3,198	3,190	3,128	3,026	3,111	3,081	2,979	2,781	2,825	2,721	2,635	2,474	2,480	2,380	2,311	2,189	2,214	2,166	2,112	1,953	2,033	2,009	1,928
Due to reinsurers
368	360	336	294	262	256	231	252	248	246	228	221	218	213	261	246	256	224	230	225	218	237	255	272	236	276	285	337	298	316	303	299	268	241	254	264	227	215	211	220	208
Trading account securities sold but not yet purchased
14	36	68	159	58	38	112	90	29	64	44	62	51	51	60	120	35	37	33	155	99	106	159	111	91	162	88	171	79	121	149	40	71	62	60	68	123	53	65	48	143
Taxes Payable
-	-	-	-	-	-	-	-	-	11	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15	53	-	-	-	-	-	-	-	-
Federal and foreign income taxes
0	4	15	38	43	0	0	0	96	86	116	94	169	134	96	40	31	6	-	-	20	37	17	24	59	0	0	0	-	60	-	-	-	2	-	-	-	0	-	-	-
Payables to Broker-Dealers and Clearing Organizations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	165	-	95	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
1,005	1,244	1,267	1,258	1,046	1,005	1,008	935	852	981	923	1,051	775	916	968	828	754	837	820	776	673	859	938	728	679	848	832	758	844	981	912	881	801	866	924	835	808	836	795	754	779
Senior notes and other debt
1,432	1,427	1,434	1,873	1,875	1,882	1,790	1,792	1,782	1,769	1,759	1,759	1,759	1,760	1,762	1,808	1,814	1,844	1,838	1,843	2,112	2,115	2,122	1,697	1,692	1,692	1,696	1,695	1,693	1,871	1,877	1,865	1,853	1,500	1,501	1,501	1,497	1,500	1,494	1,342	1,345
Subordinated debentures
1,198	1,198	908	907	907	907	907	907	897	728	728	727	727	727	727	727	446	340	340	340	340	340	339	339	339	339	339	339	243	243	243	243	243	242	242	242	242	242	242	242	249
Total liabilities
20,552	20,511	20,119	20,467	19,782	19,416	19,376	19,155	19,095	18,848	18,865	18,667	18,328	18,283	18,383	18,086	17,442	17,097	17,121	17,153	17,234	17,092	17,354	16,512	16,293	16,182	16,128	15,945	15,710	15,820	15,599	15,245	14,998	14,442	14,461	14,275	14,184	13,818	13,978	13,728	13,726
Equity:
Perferred stock, par value $.10 per share: Authorized 5,000,000 shares; issued and outstanding - none
0	0	0	0	0	0	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Common stock, par value $.20 per share: Authorized 500,000,000 shares, issued and outstanding, net of treasury shares, 179,836,714 and 183,411,907 shares, respectively
70	70	70	70	70	70	47	47	47	47	47	47	47	47	47	47	47	47	47	47	47	47	47	47	47	47	47	47	47	47	47	47	47	47	47	47	47	47	47	47	47
Additional paid-in capital
1,063	1,056	1,045	1,058	1,053	1,039	1,058	1,060	1,057	1,048	1,040	1,057	1,047	1,037	1,027	1,021	1,013	1,005	989	1,003	998	991	982	974	970	967	961	956	949	945	936	944	938	941	927	923	925	935	933	926	926
Retained earnings
7,877	7,932	7,971	7,826	7,721	7,558	7,505	7,423	7,322	6,956	6,880	6,735	6,703	6,595	6,519	6,375	6,282	6,178	6,083	5,945	5,836	5,732	5,762	5,587	5,421	5,265	5,148	5,024	4,922	4,817	4,800	4,711	4,615	4,491	4,439	4,372	4,301	4,194	4,077	3,994	3,785
Accumulated other comprehensive loss
-589	-257	-322	-260	-364	-510	-474	-395	-258	68	153	133	69	55	-9	57	8	-66	28	86	152	183	273	333	258	189	217	210	428	465	508	416	393	354	335	340	263	276	396	256	163
Treasury stock, at cost, 172,840,050 and 169,264,857 shares, respectively
2,927	2,726	2,708	2,717	2,720	2,720	2,698	2,708	2,715	2,709	2,690	2,686	2,688	2,688	2,658	2,599	2,600	2,563	2,564	2,579	2,455	2,364	2,356	2,323	2,322	2,132	2,006	1,999	1,969	1,969	1,968	1,911	1,867	1,880	1,887	1,771	1,745	1,750	1,627	1,541	1,325
Total stockholders’ equity
5,493	6,074	6,056	5,976	5,759	5,437	5,437	5,426	5,451	5,411	5,430	5,286	5,179	5,047	4,925	4,902	4,751	4,600	4,583	4,502	4,578	4,589	4,708	4,619	4,375	4,336	4,367	4,238	4,378	4,306	4,324	4,207	4,126	3,953	3,862	3,912	3,791	3,702	3,827	3,682	3,596
Noncontrolling interests
44	43	43	43	42	41	41	39	40	39	40	39	38	33	36	36	36	32	33	34	34	34	34	34	34	33	28	27	32	29	9	9	8	7	7	7	7	6	6	6	5
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest
5,537	6,118	6,099	6,020	5,802	5,479	5,479	5,465	5,492	5,451	5,470	5,325	5,218	5,081	4,961	4,939	4,788	4,633	4,616	4,536	4,613	4,624	4,743	4,654	4,410	4,369	4,395	4,265	4,410	4,335	4,333	4,216	4,135	3,960	3,869	3,920	3,798	3,709	3,834	3,688	3,601
Total liabilities and equity
26,089	26,630	26,218	26,487	25,585	24,895	24,855	24,621	24,587	24,299	24,336	23,993	23,547	23,364	23,345	23,025	22,230	21,730	21,738	21,689	21,847	21,716	22,097	21,167	20,704	20,551	20,523	20,211	20,120	20,155	19,932	19,462	19,133	18,403	18,330	18,195	17,983	17,528	17,812	17,416	17,328