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Mar 31, 2023
W. R. Berkley Q1 2023 Earnings Report
W. R. Berkley reported strong first quarter results driven by strong underwriting performance and significant growth in investment income.
Key Takeaways
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.
Return on equity of 17.4%.
Book value per share grew 7.2% prior to dividends and share repurchases.
Net investment income grew 28.8% to $223.4 million.
The reported combined ratio was 90.6%.
Forward Guidance
We remain encouraged about the opportunities that we see in 2023 and beyond.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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