W.R. Berkley (WRB) Tops Q1 EPS by 26c

W.R. Berkley (NYSE: WRB) reported Q1 EPS of $0.96, $0.26 better than the analyst estimate of $0.70. Revenue for the quarter came in at $1.92 billion versus the consensus estimate of $1.88 billion.

First quarter highlights included:

• Pre-tax return on equity was 14.5%.
• Book value per share grew 2.6% in the quarter.
• Investment income increased 14%.
• Net realized investment gains were $52 million pre-tax and $34 million after-tax.
• The combined ratio was 95.7%, inclusive of 1.9 loss ratio points from the impact of the change in the Ogden discount rate in the UK as previously announced.

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

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