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Mar 31

W. R. Berkley Q1 2025 Earnings Report

W. R. Berkley reported solid underwriting results and investment gains despite industry-wide catastrophe losses.

Key Takeaways

W. R. Berkley delivered strong financial performance in Q1 2025, marked by a record level of net premiums written, robust net income, and high return on equity. The quarter included significant catastrophe losses, but the company demonstrated its ability to manage underwriting volatility effectively.

Total Revenue
$3.55B
Previous year: $3.26B
+8.9%
EPS
$1.01
Previous year: $1.04
-2.9%
Gross Premiums Written
$3.68B
Previous year: $3.36B
+9.6%
Net Premiums Written
$3.13B
Previous year: $2.85B
+9.9%
GAAP Combined Ratio
90.9%
Previous year: 88.8%
+2.4%
Cash and Equivalents
$1.93B
Previous year: $1.17B
+64.8%
Total Assets
$41.3B
Previous year: $37.9B
+9.2%

W. R. Berkley

W. R. Berkley

W. R. Berkley Revenue by Segment

Forward Guidance

The company expects continued strong performance through 2025, supported by favorable market conditions, increased investment income, and disciplined underwriting strategy.

Positive Outlook

  • Favorable market conditions expected in many business lines
  • Investment income projected to grow further from strong cash flow and new money rates
  • Flexible business structure allows for adaptive risk-taking and optimization
  • Strong operating cash flow supports future asset growth
  • Confidence in continuing to deliver shareholder value

Challenges Ahead

  • Exposure to industry-wide catastrophe losses remains a risk
  • Ongoing economic volatility could impact investments
  • Regulatory and legislative uncertainties could affect operations
  • Intensifying competition within the insurance and reinsurance sectors
  • Emerging claim and coverage issues, including cyber risks, pose uncertainty