Loading...
•
Sep 30, 2022
W. R. Berkley Q3 2022 Earnings Report
Reported strong underwriting performance and net investment income.
Key Takeaways
W. R. Berkley Corporation reported excellent third quarter results with a 16.9% annualized operating return on beginning stockholders’ equity. Net premiums written grew 10.8% and core net investment income grew by 51%.
Operating return on equity of 16.9%.
Average rate increases excluding workers' compensation were approximately 7.3%.
Pre-tax underwriting income of $192.1 million.
Net investment income for the core portfolio grew 51.0%, driving record quarterly net investment income.
W. R. Berkley
W. R. Berkley
Forward Guidance
The Company continues to perform exceptionally well, delivering superior long-term risk-adjusted returns and creating value for shareholders. We remain optimistic about the future.