earnings
confidence high
sentiment positive
materiality 0.80
W.R. Berkley Q4 net premiums written +26.6% YoY; full-year operating EPS $5.10, ROE 16.2%
BERKLEY W R CORP
2020-FY EPS reported
$5.48
revenue$9,455,466,000
- Q4 net premiums written $2.275B (+26.6% YoY); net income $294.4M ($1.59 EPS) vs $312.2M prior year.
- Full-year net income $1.02B ($5.48 EPS) vs $530.7M ($2.81) in 2020; record underwriting income $845.3M.
- Q4 combined ratio 88.2% (cat losses $48.5M); current accident year combined ratio ex-cat 86.0%.
- Book value per share grew 12.5% before dividends and buybacks; operating cash flow $2.2B (+35.1%).
- Formed Berkley Management Protection and Berkley Small Business Solutions as new operating units.