W.R. Berkley Q1 net income +50.4% to $442M; operating income record $423M

BERKLEY W R CORP

2024-Q1 EPS reported $1.64 revenue$3,256,773,000

Net income $442M ($1.64 diluted EPS) vs $294M ($1.06) prior year; operating income $423M ($1.56 EPS), +53.4%.
Net premiums written record $2.9B, +10.7% YoY; net investment income record $319.8M, +43.2%.
Combined ratio 88.8% (incl. $30.5M catastrophe losses); pre-tax underwriting income $309M, +31.8%.
Annualized ROE 23.7%, operating ROE 22.7%; operating cash flow $746M, +67.6%.
Average rate increases ex-workers' comp ~7.8%; market conditions favorable across many lines.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BERKLEY W R CORP reported financial results for first quarter of 2024.

Period: first quarter of 2024
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 first quarter of 2024.

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1346 earnings releases filed in the last 30 days. Browse all earnings releases →

BERKLEY W R CORP filing history →

Source: SEC EDGAR

accession 0000011544-24-000008

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