V
Velarion™Intelligence
Sign InFree TrialBook a Walkthrough
Insurance

W. R. Berkley Executive Compensation (FY25)

WRB · Executive and director compensation, fiscal 2023 to 2025
Data as of September 7, 2026Latest filing (8-K): June 5, 2026
219 figures on this page: 209 cited to the filing that reported them, 10 calculated from figures it prints. See the citations
W. Robert Berkley, Jr., President and Chief Executive Officer, received $16,823,866 in total compensation for fiscal 2025, and Berkley, Jr.'s total was 3.2% lower than the $17,371,233 reported for fiscal 2024. Shareholders recorded 97.8% support for the say-on-pay proposal at the meeting held June 3, 2026 for fiscal 2025. The disclosed peer group names American Financial Group, Inc., American International Group, Inc., Arch Capital Group Ltd., AXIS Capital Holdings Limited and CNA Financial Corporation, among others. For fiscal 2025, the company reported 6 named executive officers.
Chief executive, fiscal 2025
◇
W. Robert Berkley, Jr.
Median of the other named officers
$3,127,710
5 officers, excluding the chief executive
Latest say-on-pay support
=
June 3, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — W. Robert Berkley, Jr.: $17,371,233 → $16,823,866 (3.2% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is W. R. Berkley's chief executive and what were they paid?
W. Robert Berkley, Jr., President and Chief Executive Officer, received $16,823,866 in total compensation for fiscal 2025. Berkley, Jr.'s total was 3.2% lower than the $17,371,233 reported for fiscal 2024.
What was W. R. Berkley's say-on-pay result?
Shareholders recorded 97.8% support for the say-on-pay proposal at the meeting held June 3, 2026 for fiscal 2025.
Which companies are in W. R. Berkley's peer group?
The disclosed peer group names American Financial Group, Inc., American International Group, Inc., Arch Capital Group Ltd., AXIS Capital Holdings Limited and CNA Financial Corporation, among others.
What is W. R. Berkley's chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 124:1, against median employee compensation of $135,437.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
William Berkley
Executive Chairman of the Board
◇—◇—◇—◇◇
W. Robert Berkley, Jr.
President and Chief Executive Officer
◇—◇—◇—◇◇
James Shiel
Executive Vice President Investments
◇—◇—◇—◇◇
Lucille Sgaglione
Executive Vice President
◇—◇—◇—◇◇
Richard Baio
Executive Vice President Chief Financial Officer
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
William R. Berkley
Executive Chairman of the Board
◇—◇—◇—◇◇
W. Robert Berkley, Jr.
President and Chief Executive Officer
◇—◇—◇—◇◇
Philip S. Welt
Executive Vice President Secretary
◇◇◇—◇—◇◇
Richard M. Baio
Executive Vice President Chief Financial Officer
◇—◇—◇—◇◇
James G. Shiel
Executive Vice President Investments
◇———◇—◇◇
Lucille Sgaglione
Executive Vice President
◇———◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
William Berkley
Executive Chairman of the Board
◇—◇—◇—◇◇
W. Robert Berkley, Jr.
President and Chief Executive Officer
◇—◇—◇—◇◇
Philip Welt
Executive Vice President -- Secretary
◇—◇—◇—◇◇
Richard Baio
Executive Vice President -- Chief Financial Officer
◇—◇—◇—◇◇
Lucille Sgaglione
Executive Vice President
◇◇——◇—◇◇
James Shiel
Executive Vice President -- Investments
◇———◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Richard M. BaioPSU◇◇◇—◇—◇
W. Robert Berkley JrPSU◇◇◇—◇—◇
William R. BerkleyPSU◇◇◇—◇—◇
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Philip WeltRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Richard BaioRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Lucille SgaglioneRSU◇◇——
RSU◇◇——
RSU◇◇——
W. BerkleyRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
James ShielRSU◇◇——
PSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Christopher L. Augostini
◇◇————◇
Mary C. Farrell
◇◇————◇
Jonathan Talisman
◇◇————◇
Daniel L. Mosley
◇◇————◇
Marie A. Mattson
◇◇————◇
María Luisa Ferré
◇◇————◇
Ronald E. Blaylock
◇◇————◇
Robert A. Rusbuldt
◇◇————◇
Mark L. Shapiro
◇—————◇
Andrew J. Carrier, W. Robert Berkley, Jr and William R. Berkley served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Board meeting fee◇
Committee meeting fee◇
Equity is delivered as Common Stock.
Stock ownership guideline: 5x annual stipend ($480,000)

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • American Financial Group, Inc. AFG
  • American International Group, Inc. AIG
  • Arch Capital Group Ltd. ACGL
  • AXIS Capital Holdings Limited AXS
  • CNA Financial Corporation CNA
  • Everest Group, Ltd. EG
  • Fidelity National Financial, Inc. FNF
  • Kemper Corporation KMPR
  • Markel Corporation MKL
  • RenaissanceRe Holdings Ltd. RNR
  • The Allstate Corporation ALL
  • The Hartford Financial Services Group, Inc. HIG
  • The Travelers Companies, Inc. TRV

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025June 3, 2026=◇◇◇
2024June 11, 2025=◇◇◇
2023June 12, 2024=◇◇◇
2022June 14, 2023=◇◇◇
2021June 15, 2022=◇◇◇
2020June 15, 2021=◇◇◇
2019June 12, 2020=◇◇◇
2018June 6, 2019=◇◇◇
2016May 16, 2017=◇◇◇
2015May 25, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
Email me this page as a cited PDF
The same figures, the same citations, formatted to hand to a committee. Nothing is added that is not on this page.
Your address is used for this and nothing else. Unsubscribe in one click.
Tell me when W. R. Berkley files
You get a note when this company’s compensation data changes.
Your address is used for this and nothing else. Unsubscribe in one click.

What this page does not include

Everything above is a fact W. R. Berkley disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where W. R. Berkley sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Enquire about access
Multiple companies at once
Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.
Velarion Intelligence
Join the list for a Velarion Pro seat
Full platform access for one person: every industry we cover, peer positioning, and the written analysis. We will email you when it opens.
Your address is used for this and nothing else. Unsubscribe in one click.
Join the list for Peer Group Review
Whether W. R. Berkley's disclosed peer group is defensible, who names W. R. Berkley back in their own benchmarking group, and how pay tracks performance across it. This is the analysis a compensation consultant delivers on the group above. We will email you when it opens.
Your address is used for this and nothing else. Unsubscribe in one click.

Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
219 figures on this page: 209 cited to the filing that reported them, 10 calculated from figures it prints.
209 cited to the filing
10 calculated from the filing

Documents cited

  1. 0000011544-26-000013
  2. 0001193125-26-170583
    2025 Director Compensation · CEO Pay Ratio · Director Compensation · Grants of Plan-Based Awards · and 2 more sections
  3. 0000011544-25-000013
  4. 0001193125-25-096949
    Summary Compensation Table
  5. 0000011544-24-000015
  6. 0001193125-24-118082
    Summary Compensation Table
  7. 0000011544-23-000012
  8. 0000011544-22-000019
  9. 0000899140-21-000536
  10. 0000011544-20-000071
  11. 0000011544-19-000042
  12. 0000011544-17-000046
  13. 0000899140-16-001463
    Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “W. R. Berkley executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/WRB (accessed 2026).
Short form: data: Velarion
Embed this data
A small, cited view of this data for your own page or newsletter. Every embed carries a visible link back here, so the attribution travels with it.
The headline figures, each with its citation.
Connect an AI assistant
Ask your own assistant about W. R. Berkley and roughly 3,000 other US public companies, and get back the same figures on this page with the same citations. Free read access, no account. Add this to your assistant's connector settings.
Setup guide and the full list of questions it answers

Insurance rankings

Chief executive pay — InsuranceCEO pay ratio — InsuranceSay-on-pay support — Insurance

Peers W. R. Berkley discloses

The companies named in WRB's own disclosed peer group.

American Financial Group, Inc.American International Group, Inc.Arch Capital Group Ltd.AXIS Capital Holdings LimitedCNA Financial CorporationEverest Group, Ltd.Kemper CorporationMarkel CorporationRenaissanceRe Holdings Ltd.The Allstate CorporationThe Hartford Financial Services Group, Inc.The Travelers Companies, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
For informational purposes only. Not investment, legal, or compensation advice.  The Pay Desk · Methodology · Terms · Privacy