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Mar 31, 2022

W. R. Berkley Q1 2022 Earnings Report

Reported record quarterly underwriting income and net income, with a significant increase in net income and a high return on equity.

Key Takeaways

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.

Return on equity of 35.5%.

Record quarterly underwriting income and net income of $274.4 million and $590.6 million, respectively.

Net premiums written increased nearly 18% to a quarterly record of $2.4 billion.

The reported combined ratio was 87.8%, including catastrophe losses of $28.8 million.

Total Revenue
$2.92B
Previous year: $2.16B
+35.1%
EPS
$0.73
Previous year: $0.48
+52.1%
Gross Profit
$2.21B
Previous year: $296M
+645.0%
Cash and Equivalents
$2.11B
Previous year: $2.12B
-0.4%
Total Assets
$32.3B
Previous year: $29.8B
+8.3%

W. R. Berkley

W. R. Berkley

W. R. Berkley Revenue by Segment

Forward Guidance

The Company is performing exceptionally well and we continue to be optimistic about our opportunities going forward.

Revenue & Expenses

Visualization of income flow from segment revenue to net income