Lack of Volatility in Results and Excess Capital Returned to Shareholders

EXCESS CAPITAL RETURNED TO SHAREHOLDERS ■Net Income Dividends & Share Repurchases $1,200 $1,000 $800 $600 $400 $200 $0 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 10.7% 64.5% 208.6% 59.3% 109.5% 51.2% 61.0% 43.8% 64.8% 55.9% 52.6% 43.0% 43.5% 47.8% 81.1% 46.8% Dividends and shares repurchased as a percent of net income SINCE 1/1/2006, WRB HAS RETURNED $5.3 BILLION (66% OF NET INCOME) TO SHAREHOLDERS THROUGH DIVIDENDS AND SHARE REPURCHASES OR 132% OF 12/31/2005 MARKET CAPITALIZATION

View entire presentation