earnings
confidence high
sentiment positive
materiality 0.80
W.R. Berkley Q4 net income up 45% to $576M; record full-year operating income $1.67B
BERKLEY W R CORP
2024-FY EPS reported
$4.36
revenue$13,638,752,000
- Q4 net income $576M ($1.44 diluted EPS); operating income $453M, a record (+15.5% YoY).
- Full-year net income $1.76B ($4.36 EPS); record pre-tax underwriting income $1.1B.
- Quarterly combined ratio 90.2%; average rate increase ex-workers' comp ~7.7%.
- Book value per share grew 23.5% before dividends and repurchases.
- Full-year capital returned to shareholders $835.6M ($412.3M special dividends, $303.7M buybacks).