earnings
confidence high
sentiment positive
materiality 0.80
W.R. Berkley Q2 2026: record gross premiums $4.1B, net income $452M, operating ROE 20.5%
BERKLEY W R CORP
- Gross premiums written record $4.1B (+4.2% YoY); net premiums written $3.43B.
- Net income $452.3M ($1.15 diluted EPS) vs $401.3M ($1.00) in Q2 2025; operating income $497.1M ($1.27).
- Pre-tax underwriting income up 21.8% to $317.5M; combined ratio 90.0% (ex-cat 88.1%).
- Record net investment income $418.7M (+10.4% YoY); fixed-maturity yield improved, average rating AA-.
- Returned $334.1M to shareholders: $185.5M special dividends, $111.5M buybacks, $37.1M regular dividends.