W. R. Berkley Q1 2024 Earnings Report
Key Takeaways
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%.
Return on equity and operating return on equity reached 23.7% and 22.7%, respectively.
Net investment income grew 43.2% to a record $319.8 million.
Net premiums written increased by 10.7% to $2.9 billion.
The combined ratio was 88.8%, including catastrophe losses of $30.5 million.
W. R. Berkley
W. R. Berkley
W. R. Berkley Revenue by Segment
Forward Guidance
The Company remains confident that it will continue to deliver outstanding value to shareholders in 2024 and beyond.
Revenue & Expenses
Visualization of income flow from segment revenue to net income