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W. R. Berkley Executive Compensation (FY25)

WRB · Executive and director compensation, fiscal 2022 to 2025
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
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Data as of October 22, 2026Latest filing (8-K): June 5, 2026
14 filings cited on this page
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246 figures on this page: 236 cited to the filing that reported them, 10 calculated from figures it prints. See the citations

More on W. R. Berkley

Five data products on this company. Each one is requested through the developer setup page.
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 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
William Berkley
Executive Chairman of the Board
◇—◇—◇—◇◇
James Shiel
Executive Vice President — Investments
◇—◇—◇—◇◇
Lucille Sgaglione
Executive Vice President
◇—◇—◇—◇◇
Richard Baio
Executive Vice President — Chief Financial Officer
◇—◇—◇—◇◇
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
◇◇◇—◇—◇◇
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
Philip S. WeltPSU◇◇◇—◇—◇
Richard M. BaioPSU◇◇◇—◇—◇
W. Robert Berkley Jr.PSU◇◇◇—◇—◇
William R. BerkleyPSU◇◇◇—◇—◇
Fiscal 2022, 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
Richard BaioRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
W. BerkleyRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
James ShielRSU◇◇——
RSU◇◇——
PSU◇◇——
Philip WeltRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Lucille SgaglioneRSU◇◇——
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
William Berkley
Executive Chair · Terms as described in the company’s compensation discussion · citing a 2026 filing
Benefits continuation◇
Non-compete period◇

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
◇◇————◇
Daniel L. Mosley
◇◇————◇
Jonathan Talisman
◇◇————◇
Marie A. Mattson
◇◇————◇
María Luisa Ferré
◇◇————◇
Ronald E. Blaylock
◇◇————◇
Robert A. Rusbuldt
◇◇————◇
Mark L. Shapiro
◇—————◇
William R. Berkley, W. Robert Berkley, Jr and Andrew J. Carrier 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.

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
◇

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Sample answer — “What is the CEO’s total compensation?”
- W. Robert Berkley, Jr. (President and Chief Executive Officer), FY2025 total compensation $16,823,866 (base salary $1,097,800) [exec_comp, SEC accession 0001193125-26-170583, filed 2026-04-22]

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What this page does not include

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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
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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.
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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.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
246 figures on this page: 236 cited to the filing that reported them, 10 calculated from figures it prints.
236 cited to the filing
10 calculated from the filing

Documents cited

  1. 0000011544-26-000013
  2. 0001193125-26-170583
    CEO Pay Ratio · Compensation Discussion and Analysis · Director Compensation · Outstanding Equity Awards · and 1 more section
  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. 0001193125-23-126981
    Summary Compensation Table
  9. 0000011544-22-000019
  10. 0000899140-21-000536
  11. 0000011544-20-000071
  12. 0000011544-19-000042
  13. 0000011544-17-000046
  14. 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, FY2022–FY2025.” https://intel.velarion.ai/comp/WRB (accessed 2026).
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The paid brief for W. R. Berkley

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$1,500 for the Executive Compensation Report. Both reports for $2,400.
Get the executive briefGet the board briefNo account needed.
14 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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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.Fidelity National Financial, Inc.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

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

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}
}
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