W. R. Berkley Q3 2024 Earnings Report
Key Takeaways
W. R. Berkley Corporation reported record third quarter net income of $366 million, with a return on equity of 19.6% and an operating return on equity of 20.0%. The company's performance was driven by strong underwriting margins and increasing investment income. The combined ratio was 90.9%, and net investment income increased by 19.5% compared to the prior year.
Return on equity and operating return on equity of 19.6% and 20.0%, respectively.
Net investment income grew 19.5% to $323.8 million compared to the prior year.
The current accident year combined ratio before catastrophe losses of 3.3 loss ratio points was 87.6%, and the reported combined ratio was 90.9%.
Average rate increases excluding workers' compensation were approximately 8.4%.
W. R. Berkley
W. R. Berkley
W. R. Berkley Revenue by Segment
Forward Guidance
We expect to continue to deliver outstanding risk-adjusted returns to our shareholders for the remainder of 2024 and beyond.
Revenue & Expenses
Visualization of income flow from segment revenue to net income