W.R. Berkley (WRB) Tops Q4 EPS by 24c, Revenues Beat

W.R. Berkley (NYSE: WRB) reported Q4 EPS of $1.03, $0.24 better than the analyst estimate of $0.79. Revenue for the quarter came in at $1.95 billion versus the consensus estimate of $1.9 billion.

Fourth quarter highlights included:

• The accident year combined ratio excluding catastrophes was 93.9% and the calendar year combined ratio was 95.9%.
• Investment income increased 7.1%.
• Total capital returned to shareholders was $97 million, including $79 million of ordinary and special dividends and $18 million of share repurchases.
• Before dividends and share repurchases, book value per share grew 1.7%.
• Net realized pre-tax gains and net unrealized pre-tax gains on equity securities of $13 million, net of performance-based compensatory costs (1).

For earnings history and earnings-related data on W.R. Berkley (WRB) click here.

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