W.R. Berkley Q3 net income up 45.7% to $334M; operating ROE 21.7%

BERKLEY W R CORP

2023-Q3 EPS reported $3.59 revenue$8,921,556,000

Net income $333.6M ($1.23 diluted EPS), up 45.7% YoY; operating EPS $1.35 vs $1.01.
Record quarterly net investment income $270.9M, up 59.3% from core portfolio.
Underwriting income $258.7M (+34.7%); combined ratio 90.2% (incl. $61.5M catastrophe losses).
Net premiums written $2.85B, +10.5%; rate increases ex-workers' comp ~8.5%.
Returned $160.3M to shareholders ($129M special dividends, $28.4M regular, $2.9M 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 financial results for third quarter of 2023.

Period: third quarter of 2023
Result: reported results

Exact text from the filing

Reference is made to the press release of W. R. Berkley Corporation (the “Company”) relating to the announcement of the Company’s results of operations for the third quarter of 2023. The press release was issued on October 23, 2023. A copy of the press release is attached to this Form 8-K as Exhibit 99.1 and is incorporated herein by reference.

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Source: SEC EDGAR

accession 0000011544-23-000021

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