earnings
confidence high
sentiment positive
materiality 0.75
W. R. Berkley Q2 net premiums written up 16.9% to record $2.59B; operating income +43%
BERKLEY W R CORP
2021-Q2 EPS reported
$2.76
revenue$5,428,297,000
- Net premiums written record $2.59B, up 16.9%; gross premiums up 14.7% to $3.05B.
- Operating income $313M, up 43%; underwriting income $268M, up 32.6%.
- Combined ratio 88.6% (cat losses $57.9M); current accident year combined ratio before cat 86.2%.
- Core net investment income grew 29.7%; total capital returned $159.2M (special dividends $132.7M).
- Operating ROE 18.8%; net income $179M ($0.64 diluted EPS), down from $237M ($0.85) due to net investment losses.