W. R. Berkley Corporation Reports Second Quarter Results
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W.R. Berkley (WRB) Misses Q2 EPS by 20c
July 21, 2020 4:12 PM EDTW.R. Berkley (NYSE: WRB) reported Q2 EPS of $0.06, $0.20 worse than the analyst estimate of $0.26.
Second quarter highlights included:
Average rate increases excluding workers' compensation were approximately 13.0%.The accident year combined ratio before catastrophe losses was 90.2%. The reported combined ratio was 98.7%.Catastrophes added 8.7 loss ratio points to the reported combined ratio, including 5.1 loss ratio points for COVID-19 related losses.Book value per share grew 7.7%, before dividends and share repurchases.Total capital returned to stockholders was $117 million, including $96 million of share repurchases and $21 million of ordinary... More