W.R. Berkley Q1 net income falls to $294M from $591M; ROE 17.4%

BERKLEY W R CORP

2022-Q1 EPS reported $1.06 revenue$2,895,004,000

Net income $294.1M ($1.06 diluted EPS), down from $590.6M ($2.12) YoY.
Operating income $276.0M ($1.00 EPS) vs $306.9M ($1.10) in prior year.
Net investment income $223.4M, up 28.8%; core portfolio +80.7%.
Combined ratio 90.6% (87.7% ex-cat); prior-year cat losses ~$24M.
Returned $293.8M to shareholders: $132.3M special dividend, $135.2M buybacks.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BERKLEY W R CORP reported first quarter of 2023 results: revenue $2,574,824, net income $294,126, EPS $1.06.

Period: first quarter of 2023
Revenue: $2,574,824
Net income: $294,126
EPS: $1.06
Result: reported results

Exact text from the filing

Summary Financial Data (Amounts in thousands, except per share data) First Quarter 2023 2022 Gross premiums written $ 3,049,317 $ 2,859,837 Net premiums written 2,574,824 2,413,254 Net income to common stockholders 294,126 590,638 Net income per diluted share 1.06 2.12

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Source: SEC EDGAR

accession 0000011544-23-000006

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