W. R. Berkley Corporation Reports First Quarter Results

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W.R. Berkley (WRB) PT Raised to $60 at RBC Capital

April 24, 2019 6:53 AM EDT

RBC Capital analyst Mark Dwelle raised the price target on W.R. Berkley (NYSE: WRB) to $60.00 (from $52.00) while maintaining a Sector Perform rating.

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W.R. Berkley (WRB) Tops Q1 EPS by 28c, Revenues Beat

April 23, 2019 4:08 PM EDT

W.R. Berkley (NYSE: WRB) reported Q1 EPS of $0.94, $0.28 better than the analyst estimate of $0.66. Revenue for the quarter came in at $1.93 billion versus the consensus estimate of $1.9 billion.

First quarter highlights included:

Annualized return on equity of 13.3%.Average rate increases excluding workers\' compensation were more than 6%.For the quarter, book value per share grew 6.2%, before dividends.The accident year combined ratio excluding catastrophe losses was 93.9%. The reported combined ratio was 94.3%, inclusive of 0.8 loss ratio points from catastrophes and an additional 0.9 loss ratio points from... More