W.R. Berkley (WRB) Tops Q4 EPS by 13c

January 26, 2021 4:15 PM EST

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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.

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