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
Forward Guidance
The Company remains confident that it will continue to deliver outstanding value to shareholders in 2024 and beyond.