W. r. berkley corp (WRB)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
CASH FROM OPERATING ACTIVITIES:
Net (loss) income to common stockholders

496,804

681,944

694,995

691,708

655,075

640,749

662,981

663,115

592,043

549,094

547,294

605,890

605,852

601,916

558,872

490,829

504,898

503,694

504,660

540,592

597,518

648,884

668,552

616,987

552,983

499,925

535,035

499,008

491,889

510,592

462,130

435,798

328,755

391,211

398,153

417,157

525,569

446,405

0

0

0

Adjustments to reconcile net income to net cash from (used in) operating activities:
Net investment losses (gains)

-125,124

120,703

157,750

178,619

174,677

154,488

199,527

361,152

331,974

335,858

354,371

346,148

312,010

267,005

181,213

59,381

80,623

92,324

121,177

139,531

221,142

254,852

258,828

230,439

154,329

121,544

213,358

191,715

182,943

210,465

146,072

145,084

120,798

125,481

107,343

91,309

102,843

56,581

0

0

0

Depreciation and amortization

111,026

113,387

96,574

126,025

129,505

131,108

111,360

124,649

123,850

112,956

95,035

83,857

73,939

86,051

88,908

89,745

96,181

85,139

90,805

80,271

82,803

88,836

86,456

103,305

107,416

103,090

118,379

106,889

102,117

103,419

95,769

101,980

77,045

88,012

76,136

73,578

95,518

82,867

0

0

0

Noncontrolling interests

2,041

2,041

5,469

8,048

8,032

8,317

6,085

4,326

4,193

4,243

3,440

2,689

2,059

1,569

822

938

1,013

413

520

643

845

719

5,488

6,450

5,404

5,376

377

-776

120

51

69

-31

-97

-70

-57

32

49

279

0

0

0

Investment funds

98,359

69,194

92,558

114,530

80,406

109,349

111,501

86,859

83,038

69,333

90,821

99,753

109,314

99,301

71,777

69,408

72,803

62,228

31,985

75,176

78,804

131,649

169,915

119,040

115,684

67,712

75,190

46,829

60,325

77,015

37,137

87,642

655

-1,751

-7,285

-97,747

-20,997

-49,400

0

0

0

Stock incentive plans

46,129

49,274

46,503

44,209

41,985

36,591

37,135

37,704

39,144

40,490

42,024

41,806

39,188

37,174

35,104

35,026

32,718

32,123

30,571

29,426

30,052

28,068

27,170

25,004

24,982

23,784

23,856

23,331

24,305

26,763

28,518

29,976

21,596

27,175

26,777

28,066

35,054

27,407

0

0

0

Change in:
Arbitrage trading account

16,345

26,553

24,720

26,019

27,343

19,093

16,856

10,327

6,749

4,896

8,691

10,770

8,666

10,633

7,793

8,774

14,482

7,173

56,755

38,563

43,167

50,817

8,294

24,870

14,767

10,324

-682

-1,701

-6,007

1,424

7,621

-105,954

6,733

8,106

9,407

96,003

10,970

12,993

0

0

0

Investment in arbitrage funds

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Trading account receivables from brokers and clearing organizations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Trading account securities sold but not yet purchased

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Premiums and fees receivable

129,870

189,151

143,333

114,752

125,771

43,813

62,679

60,757

83,000

67,752

80,451

45,419

40,116

60,403

53,773

102,526

69,292

60,942

78,396

40,397

76,049

104,174

101,686

172,178

161,065

138,027

197,613

252,426

207,947

228,756

203,860

113,507

71,401

122,468

131,019

120,283

153,334

41,167

0

0

0

Reinsurance accounts

188,730

165,898

167,348

200,828

85,180

165,287

138,521

178,667

234,126

66,542

122,835

99,925

141,931

235,455

124,597

71,880

11,989

31,930

108,684

93,983

30,122

33,445

-10,567

103,873

186,807

171,263

295,244

238,233

234,150

216,968

114,465

148,191

106,040

161,070

107,458

32,656

128,227

14,960

0

0

0

Accrued investment income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Prepaid reinsurance premiums

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Deferred policy acquisition costs

28,464

20,057

15,283

4,692

3,093

-7,788

-18,394

-21,427

-29,618

-30,343

-30,366

-22,430

-1,428

25,912

41,439

46,193

42,012

29,860

38,918

45,507

40,037

42,789

44,582

49,612

52,582

52,124

55,442

51,058

50,781

38,656

31,749

27,326

19,769

38,541

31,693

23,936

28,020

10,877

0

0

0

Income taxes

41,550

-7,130

-8,735

32,933

89,086

74,761

101,387

13,336

16,983

16,893

95,446

41,883

-12,827

-9,012

-55,680

-6,600

-49,422

-47,260

-100,307

-71,999

-5,360

-30,812

-92,769

-110,665

-103,880

-56,281

17,875

54,365

12,449

-13,240

-23,125

-42,464

-70,463

-43,340

-68,632

-69,997

-43,488

-62,353

0

0

0

Reserves for losses and loss expenses

692,768

612,254

552,357

566,414

338,732

339,015

245,985

460,331

548,169

438,530

554,367

434,356

474,563

572,196

475,317

352,102

352,817

397,685

-291,305

-264,172

-75,488

-376,617

246,806

22,282

-435,637

-372,002

-532,036

-476,313

-443,889

-406,763

-291,358

-314,129

-209,597

-325,758

-139,277

-54,111

-93,460

103,745

0

0

0

Other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Unearned premiums

329,964

301,355

244,070

166,684

102,699

84,142

59,313

35,229

7,304

4,160

1,979

13,267

91,613

149,683

213,452

245,406

196,849

142,699

130,839

154,213

196,296

277,826

305,327

350,950

347,864

323,160

358,432

361,015

338,781

279,986

258,726

223,886

150,418

238,499

195,515

153,880

169,979

3,414

0

0

0

Due to reinsurers

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Other

-69,975

-19,506

36,958

-15,282

40,042

-48,770

-5,092

-56,155

1,066

66,482

79,202

137,887

51,016

46,852

19,488

-2,173

-2,065

-63,680

-62,385

-79,007

-111,261

-58,254

-107,800

-30,483

531

42,787

128,815

38,210

52,381

102,014

19,594

90,872

-4,732

10,269

24,755

2,565

64,143

19,514

0

0

0

Net cash from operating activities

1,218,033

1,143,793

1,072,719

903,483

718,564

620,199

531,549

605,387

615,376

710,883

643,724

740,916

783,080

848,376

987,479

880,739

961,060

881,304

780,396

813,107

652,695

734,847

767,889

760,489

847,850

819,798

848,804

676,979

716,808

675,458

638,385

766,298

527,649

670,279

545,842

481,038

610,549

451,316

0

0

0

CASH FROM INVESTING ACTIVITIES:
Proceeds from sale of fixed maturity securities

2,693,877

2,093,271

2,025,195

2,071,674

2,494,767

3,525,149

3,795,185

4,738,998

5,319,201

4,035,162

4,447,299

3,793,354

2,778,547

2,440,310

1,697,546

1,311,248

1,304,136

1,388,680

852,253

914,284

771,364

633,459

1,000,320

1,302,294

1,209,690

1,344,707

1,180,057

1,023,368

1,006,830

838,576

714,375

957,180

881,412

1,293,876

1,419,786

1,245,990

1,842,232

1,554,906

0

0

0

Proceeds from sale of equity securities

47,512

79,963

89,310

252,888

382,802

497,989

507,596

390,134

296,365

195,270

156,917

217,824

193,016

143,042

115,242

6,844

7,928

15,833

27,101

24,208

116,579

113,251

155,086

313,175

235,763

267,554

398,767

406,305

415,283

409,610

280,306

129,264

91,565

159,827

171,406

173,865

235,718

137,990

0

0

0

Distributions from (contributions to) investment funds

-81,595

-194,663

270,461

81,735

32,066

79,635

-516,280

-301,994

-202,419

-247,404

117,140

-100,639

-169,679

-142,601

-15,435

55,875

202,575

177,424

-17,425

-13,474

-98,852

69,319

106,465

35,394

-55,700

-236,580

26,411

-5,160

31,114

77,930

28,331

-121,744

35,032

-113,913

-229,159

-60,293

-186,548

-53,979

0

0

0

Proceeds from maturities and prepayments of fixed maturity securities

3,302,907

2,933,980

2,996,995

2,861,422

3,265,339

2,676,455

2,653,790

3,974,126

2,766,232

3,556,744

2,860,678

1,886,240

2,622,325

2,189,365

2,461,069

2,655,905

2,799,453

2,999,339

3,446,222

2,926,600

2,714,350

2,605,839

2,360,743

2,371,141

2,597,283

2,718,156

2,876,019

2,929,380

2,550,169

2,291,105

2,166,144

1,845,978

1,331,664

1,697,144

1,642,676

1,519,607

1,835,694

1,374,378

0

0

0

Purchase of fixed maturity securities

6,422,695

5,352,886

5,343,360

5,248,103

6,120,337

6,677,753

6,597,992

8,838,966

8,259,432

7,940,957

7,791,211

6,467,411

6,276,281

5,541,202

5,348,032

4,525,506

4,392,913

4,455,223

4,581,336

4,426,556

4,254,992

4,292,165

4,098,408

4,017,943

4,433,369

4,198,135

4,304,884

4,172,785

3,640,792

3,617,002

3,207,106

3,053,901

2,268,071

2,815,340

2,929,631

2,833,803

3,470,531

2,755,449

0

0

0

Purchase of equity securities

172,924

172,978

64,856

40,400

76,705

85,610

97,532

113,794

71,638

27,522

92,482

77,109

201,731

202,736

119,075

147,397

21,752

29,526

40,355

-8,734

20,815

31,207

334

93,501

140,345

156,557

251,330

211,780

251,825

284,991

266,544

238,001

121,902

97,986

120,223

207,388

228,269

193,914

0

0

0

Real estate purchased

118,100

146,752

236,192

212,816

230,364

514,064

531,443

545,214

523,930

236,039

250,300

294,535

294,052

299,123

279,548

252,267

232,278

222,659

111,092

234,066

221,708

213,159

313,080

157,881

132,664

107,352

232,317

254,301

261,076

256,386

-179,702

-5,866

-15,730

96,552

0

0

0

-

-

-

-

Contributions to investment funds

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Change in loans receivable

-7,084

-3,481

-4,297

-3,246

15,988

13,204

19,784

-91

-26,046

-27,135

-39,773

-46,794

-45,737

-166,327

-172,298

-116,575

-131,402

-48,909

-57,027

-396,280

-92,420

-21,608

-68,702

296,191

7,137

30,974

117,411

109,744

84,247

124,776

86,348

13,410

45,458

-92,176

-72,869

-60,856

-64,637

-23,317

0

0

0

Net purchases of property, furniture and equipment

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments to Acquire Property, Plant, and Equipment

-

-

-

-

-

49,860

77,033

55,708

117,364

115,719

87,202

119,320

50,825

50,829

61,195

61,282

68,343

63,562

51,423

42,907

39,776

41,958

44,522

42,259

59,970

63,150

67,662

63,626

38,543

40,556

30,234

47,017

41,696

45,320

50,322

47,977

57,420

49,605

0

0

0

Change in balances due to security brokers

9,523

-2,844

-53,281

23,283

76,249

-4,262

38,749

62,194

-76,162

4,372

42,011

-73,537

70,684

-20,992

-36,886

-10,954

-49,628

22,666

-7,635

-22,602

21,592

-32,617

-79,810

-8,325

17,923

26,155

142,697

70,666

-1,380

25,799

59,297

50,805

73,359

16,194

-66,021

-17,568

-85,168

297

0

0

0

Payment for business purchased, net of cash acquired

-

-

-

-

-

-

-

-

-

70,570

70,497

83,584

70,484

53,451

53,680

48,525

61,625

7,312

7,154

80,969

65,324

65,421

83,745

-18,634

18,419

56,878

81,335

102,743

81,335

42,779

253,413

253,413

253,413

261,992

0

0

0

-

-

-

-

Other

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash from investing activities

-435,840

-424,871

-379,731

-435,203

-540,969

-714,244

-425,850

-325,574

-195,193

-333,464

-426,694

-589,431

-958,693

-794,488

-1,143,708

-877,576

-281,789

-170,763

-418,376

-489,481

-668,840

-808,311

-388,220

-215,089

-822,791

-545,364

-737,790

-631,752

-353,042

-775,068

-534,084

-684,881

-448,496

-204,274

-267,607

-352,494

13,099

37,347

0

0

0

CASH USED IN FINANCING ACTIVITIES:
Net payments for stock options exercised

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bank deposits received

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Repayments to federal home loan bank

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Net proceeds from stock options exercised

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,935

4,232

7,660

16,873

13,522

12,174

21,963

26,767

27,126

28,443

17,730

0

0

0

Repayment of senior notes and other debt

-

-

-

-

-

-4,524

-1,785

-1,472

-1,472

-20

-144,266

-112,439

-107,733

-75,487

-489,723

-518,447

-250,605

-281,086

273,675

272,088

-585

-3,700

-927,160

-951,686

-671,544

-465,389

463,600

486,297

207,964

0

0

0

0

-

-

-151,286

-154,489

-162,685

0

0

0

Net proceeds from issuance of debt

295,233

290,974

95,657

93,724

112,770

294,562

205,888

207,821

188,775

6,983

1,921

-132

278,676

388,769

394,013

394,208

119,149

9,056

0

0

0

-

-

-

-

-

-

-

-

369,291

0

0

0

-

-

-

0

-

-

-

-

Cash dividends to common stockholders

328,260

308,191

288,855

195,380

237,935

254,951

190,959

250,314

205,215

188,199

246,716

169,102

169,288

183,999

45,449

60,242

58,996

58,034

183,946

183,111

182,463

181,489

54,163

67,299

65,492

52,717

0

0

0

-

-

-

-

43,253

50,673

41,425

51,874

49,348

0

0

0

Purchase of common treasury shares

220,846

18,225

17,951

17,951

17,951

24,750

26,228

54,606

54,606

47,807

60,900

94,968

94,968

132,392

99,870

42,944

169,863

223,652

225,882

259,811

137,478

238,933

363,806

332,365

359,141

166,473

0

0

0

-

-

-

-

187,163

329,362

298,462

434,427

471,007

0

0

0

Other, net

-20,619

-21,391

-34,252

-21,525

-18,172

-17,740

-6,446

-6,546

-5,306

-6,043

-6,282

-4,157

-8,262

-3,823

367

-2,437

2,743

-1,602

-3,921

-1,119

-2,527

337

1,014

1,534

1,481

7,442

23,393

19,624

29,043

31,851

13,533

33,694

2,361

14,550

14,257

-2,207

19,868

-2,795

0

0

0

Net cash used in financing activities

-734,173

-513,193

-698,311

-145,633

-165,789

-7,403

-16,000

-102,213

-74,920

-235,086

-318,685

-306,894

-37,083

-6,932

176,612

244,860

-418,534

-555,318

-770,330

-370,809

24,729

-69,773

8,288

-397,280

-335,511

-330,262

-331,365

-382,395

-467,955

97,192

226,840

177,675

215,248

-195,213

-333,183

-137,160

-286,282

-359,075

0

0

0

Net impact on cash due to change in foreign exchange rates

-20,436

379

-1,493

24,325

-30,981

-31,421

-44,330

-54,752

2,947

12,853

2,588

-4,947

-16,426

-15,302

-27,253

-55,681

-37,917

-66,033

-54,041

-39,120

-37,464

-22,060

-11,998

35,712

8,535

-10,104

-2,887

-16,213

-32,726

-3,654

-7,707

-41,753

-6,875

-2,002

-1,120

22,034

16,468

-2,066

0

0

0

Net change in cash and cash equivalents

27,584

206,108

-6,816

346,972

-19,175

-132,869

45,369

122,848

348,210

155,186

-99,067

-160,356

-229,122

31,654

-6,870

192,342

222,820

89,190

-462,351

-86,303

-28,880

-165,297

375,959

183,832

-301,917

-65,932

-223,238

-353,381

-136,915

-6,072

323,434

217,339

287,526

268,790

-56,068

13,418

353,834

127,522

0

0

0