W. R. Berkley Earnings Reports

W. R. Berkley Corporation reported a strong fourth quarter and full year for 2024, characterized by record operating income and a high return on equity. The company's net income for the fourth quarter increased by 45.0% to $576 million, and operating income rose by 15.5% to $453 million. The company's full year results were highlighted by record net income, with outstanding underwriting performance and net investment income, culminating in a 23.6% return on beginning of year equity.

W. R. Berkley Corporation reported record third quarter net income of $366 million, with a return on equity of 19.6% and an operating return on equity of 20.0%. The company's performance was driven by strong underwriting margins and increasing investment income. The combined ratio was 90.9%, and net investment income increased by 19.5% compared to the prior year.

W. R. Berkley Corporation reported a strong second quarter with a 20.0% annualized return on beginning of year common stockholders’ equity. Net investment income increased by 51.8%, and net premiums written grew by 11.2%. The combined ratio was 91.1%, inclusive of 3.2 loss ratio points of catastrophe losses.

W. R. Berkley Corporation reported a strong first quarter in 2024, with net income increasing by 50.4% to $442 million and operating income rising by 53.4% to a record $423 million. The company achieved a return on equity of 23.7% and an operating return on equity of 22.7%. Net premiums written grew by 10.7%, and net investment income increased by 43.2%.

W. R. Berkley Corporation reported a strong fourth quarter in 2023, with a 23.6% annualized return on beginning equity. The quarter was marked by growth in net premiums written, record underwriting performance, and net investment income. Book value per share grew by 11.6% during the quarter, before capital returned to shareholders.

W. R. Berkley Corporation reported a 45.7% increase in net income to $334 million for the third quarter of 2023. The company's operating return on equity was 21.7%, and the return on equity was 19.8%. Record net investment income of $271 million was driven by a 59.3% increase in the core portfolio. Net premiums written grew 10.5% to $2.8 billion.

W. R. Berkley Corporation reported excellent results for the second quarter of 2023, with an annualized return on equity of 21.1%. Premium growth accelerated, setting the pace for another record year. The company maintained rate momentum and reported a strong combined ratio, while net investment income grew significantly.

W. R. Berkley Corporation reported strong results for the first quarter of 2023, with an annualized return on equity of 17.4% and growth in book value per share of 7.2%. The company saw continued strong underwriting performance and significant growth in investment income. The business continued to grow in areas that the company anticipates will meet or exceed its targeted risk-adjusted return.

W. R. Berkley Corporation reported a strong fourth quarter and full year 2022, with net income to common stockholders increasing to $382.2 million in Q4 2022, compared to $294.4 million in Q4 2021. The company's return on equity was 23.0% for the quarter. Record annual pre-tax underwriting income of $1.0 billion and record net income of $1.4 billion were achieved for the full year.

W. R. Berkley Corporation reported excellent third quarter results with a 16.9% annualized operating return on beginning stockholders’ equity. Net premiums written grew 10.8% and core net investment income grew by 51%.

W. R. Berkley Corporation reported excellent second-quarter results, driven by strong underwriting income and net premiums written growth. The company's combined ratio was 88.6%, and the annualized operating return on beginning stockholders' equity was 18.8%. Net premiums written grew by nearly 17%, and core net investment income grew nearly 30%.

W. R. Berkley Corporation reported exceptional results for the first quarter of 2022, driven by record underwriting results and strong investment income, including gains from investment sales. The company achieved a 35.5% return on equity and growth in book value per share.

W. R. Berkley Corporation reported a strong fourth quarter and full year in 2021, marked by significant growth in net premiums written and a high return on equity. The company's performance was driven by robust premium growth, strong rate increases, and improved underwriting margins.

W. R. Berkley Corporation reported a strong third quarter, with a 72.3% increase in net income and a 16.6% return on equity. The company saw growth in net premiums written and underwriting income, driven by robust rate increases and a strong commercial property and casualty pricing environment. Investment income also grew, contributing to the company's overall positive performance.

W. R. Berkley Corporation reported strong second quarter results with net premium growth of over 27%, a combined ratio of 89.7%, and an annualized return on equity of 15%. Rate increases outpaced loss costs, and the alternative investment portfolio delivered strong performance.

W. R. Berkley Corporation reported a strong first quarter with gross premiums written growing by 11.4% and a return on equity of 14.5%. The company's combined ratio was 90.1%, and operating income was $201.8 million.

W. R. Berkley Corporation reported an outstanding fourth quarter, achieving a record net income of $312.2 million and a return on equity of 20.6%. Gross premiums written grew by 9.3%. The company's combined ratio was 90.9%, and underwriting income increased by 44.2% to $165.4 million.

W. R. Berkley Corporation reported strong third quarter 2020 results with a combined ratio of 93.7%, despite 4.2 points of catastrophe losses. Gross premiums written grew more than 8%, and rate increases continued to accelerate. Growth and efficiency initiatives have helped drive the expense ratio to its lowest level in many years.

W. R. Berkley Corporation reported second quarter results with gross premiums written growing to $2.132 billion. The company faced challenges from the COVID-19 pandemic and other catastrophe losses, but positive rate momentum persisted.

W. R. Berkley Corporation reported a net loss of $4.418 million for the first quarter of 2020, compared to a net income of $180.722 million in the same period of 2019. The global COVID-19 pandemic had an adverse impact on first-quarter net income. However, operating income remained strong at $132.623 million, and net premiums written grew at their fastest rate in five years.

W. R. Berkley Corporation reported fourth quarter growth in gross premiums written of 10.1%. The company saw an improving market with rate increases accelerating to approximately 9% excluding workers’ compensation.