W.R. Berkley (WRB) Tops Q4 EPS by 13c
Get Alerts WRB Hot Sheet
Join SI Premium – FREE
W.R. Berkley (NYSE: WRB) reported Q4 EPS of $0.92, $0.13 better than the analyst estimate of $0.79.
Fourth quarter highlights included:
- All-time record net income of $312.2 million.
- Return on equity of 20.6%.
- Gross and net premiums written increased 9.3% and 8.2%, respectively.
- The reported combined ratio was 90.9%. The accident year combined ratio before catastrophe losses was 88.8%.
- Underwriting income increased 44.2% to $165.4 million.
- Catastrophes added 2.3 loss ratio points to the reported combined ratio, including 1.5 loss ratio points for COVID-19 related losses.
- Average rate increases excluding workers' compensation were approximately 15.4%.
- Book value per share grew 6.1%, before share repurchases and dividends.
For earnings history and earnings-related data on W.R. Berkley (WRB) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Recruit Holdings Co., Ltd (6098:JP) (RCRUY) PT Raised to JPY7,800 at Jefferies, 'emerged stronger since the last earnings season'
- Walgreens Boots Alliance (WBA) tops Q2 expectations, narrows full-year profit forecast
- W. R. Berkley Corporation Renames Union Standard Insurance Group to Berkley Southwest
Create E-mail Alert Related Categories
Corporate News, EarningsRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!