earnings
confidence high
sentiment positive
materiality 0.85
W.R. Berkley Q3 net income up 72% to $261M, diluted EPS $1.40, ROE 16.6%
BERKLEY W R CORP
2021-Q3 EPS reported
$3.89
revenue$6,877,238,000
- Net premiums written increased 23.7% to $2.33B; combined ratio 90.4% incl. $73.8M catastrophe losses.
- Operating income rose 103.6% to $246.7M; operating EPS $1.32 (non-GAAP).
- Net investment income grew 26.1% to $179.9M; average rate increases ~10.1% ex-workers comp.
- Returned $115.8M to shareholders: $92.7M buybacks + $23.1M dividends.
- Management expects continued robust rate environment and expanding specialty/E&S opportunities.