How Jr. was paid
$16.8M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Bonus | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|---|
| W. Robert Berkley, Jr.President and Chief Executive Officer | $1,097,800 | — | $3,850,038 | $11,176,030 | $699,998 | $16,823,866 |
| William R. BerkleyExecutive Chairman | $1,097,800 | — | $3,850,038 | $11,176,030 | $925,338 | $17,049,206 |
| Richard M. BaioExecutive Vice President — Chief Financial Officer | $742,102 | — | $632,496 | $1,658,900 | $94,212 | $3,127,710 |
| Lucille T. SgaglioneExecutive Vice President | $742,102 | $1,100,000 | — | $366,050 | $101,412 | $2,309,564 |
| Philip S. WeltExecutive Vice President — Secretary | $742,102 | — | $632,496 | $1,658,900 | $99,263 | $3,132,761 |
What changed and why
- $16.8MW. Robert Berkley, Jr. total compensation was $16,823,866 for 2025.
- 21.2%Return on stockholders equity reached 21.2% in 2025.
- $4.45Net income per diluted share was $4.45.
- 90.7%Combined ratio was reported at 90.7%.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.