W. R. Berkley Corporation Reports Third Quarter Results
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W.R. Berkley (WRB) Misses Q3 EPS by 6c
October 20, 2020 4:12 PM EDTW.R. Berkley (NYSE: WRB) reported Q3 EPS of $0.65, $0.06 worse than the analyst estimate of $0.71.
Third quarter highlights included:
Average rate increases excluding workers' compensation were approximately 14.5%.The reported combined ratio was 93.7%. The accident year combined ratio before catastrophe losses was 89.8%.Catastrophes added 4.2 loss ratio points to the reported combined ratio, with no change in previously reported COVID-19 related losses.Gross and net premiums written increased 8.1% and 7.4%, respectively.Book value per share grew 3.7%, before dividends and... More