earnings
confidence high
sentiment positive
materiality 0.75
Q2 net income $371.9M, operating EPS $1.04; record net investment income $372M up 52%
BERKLEY W R CORP
2024-Q2 EPS reported
$2.01
revenue$6,570,805,000
- Net income of $371.9M ($0.92 diluted EPS); operating income of $418.1M ($1.04 operating EPS).
- Net premiums written grew 11.2% to $3.13B; combined ratio 91.1% incl 3.2 pts catastrophe losses.
- Record net investment income of $372.1M, up 51.8% YoY, driven by higher yields and portfolio growth.
- Book value per share rose 4.7%; total capital returned to shareholders was $381.3M.
- Management sees favorable market conditions; expects continued investment income growth through 2024.