earnings
confidence high
sentiment positive
materiality 0.78
W.R. Berkley Q3 net income rose to $366M; ROE 19.6%, operating ROE 20.0%
BERKLEY W R CORP
2024-Q3 EPS reported
$2.92
revenue$9,971,184,000
- Q3 net income $366M ($0.91 diluted EPS), up from $334M ($0.82) a year ago.
- Net investment income $323.8M (+19.5% YoY); record operating cash flow $1.2B (+15.2%).
- Combined ratio 90.9% with 3.3 catastrophe-loss points; avg rate increase ~8.4% ex-workers comp.
- Book value per share grew 10.0% before dividends/buybacks; returned $138.3M to shareholders.
- 3-for-2 stock split effective July 10, 2024; per-share comparatives restated.