W.R. Berkley Posts Earnings Beat Despite Significant Catastrophe Losses

Dow Jones

Apr 22, 2025

By Connor Hart

W.R. Berkley logged better-than-expected profit and higher revenue in the first quarter, despite significant industry-wide catastrophe losses.

The Greenwich, Conn., insurance company on Monday posted a profit of $417.6 million, or $1.04 a share, compared with $442.5 million, or $1.09 a share, in the same quarter last year.

Analysts surveyed by FactSet modeled net income of $400.4 million, or $1.01 a share.

Total revenue increased 8.9% to $3.55 billion, topping the $3.53 billion that analysts expected.

W.R. Berkley said the recent quarter reflects its ability to successfully manage underwriting volatility. The results came amid significant catastrophe losses, which more than tripled to $111.1 million.

Gross premiums written climbed 9.6% to $3.68 billion. Net premiums written rose 9.9% to $3.13 billion, boosted by what the company called favorable market conditions, particularly in its insurance segment.

Operating income fell to $404.7 million, or $1.01 a share, from $423.3 million, or $1.04 a share, a year earlier. Operating return on equity fell to 19.3% from 22.7%.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

April 21, 2025 16:38 ET (20:38 GMT)

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Berkley Posts Earnings Beat Despite Significant Catastrophe Losses\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-04-22 04:38</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Connor Hart \n</p>\n<pre>\n \n</pre>\n<p>\n  W.R. 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Operating return on equity fell to 19.3% from 22.7%. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Connor Hart at connor.hart@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 21, 2025 16:38 ET (20:38 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"WRB","symbol_name":"WR柏克利","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2529635369","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2529635369","pubTimestamp":1745267880,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"W.R. Berkley logged better-than-expected profit and higher revenue in the first quarter, despite significant industry-wide catastrophe losses.The Greenwich, Conn., insurance company on Monday posted a profit of $417.6 million, or $1.04 a share, compared with $442.5 million, or $1.09 a share, in the same quarter last year.Analysts surveyed by FactSet modeled net income of $400.4 million, or $1.01 a share.Total revenue increased 8.9% to $3.55 billion, topping the $3.53 billion that analysts expected.W.R. Berkley said the recent quarter reflects its ability to successfully manage underwriting volatility. The results came amid significant catastrophe losses, which more than tripled to $111.1 million.Gross premiums written climbed 9.6% to $3.68 billion. Net premiums written rose 9.9% to $3.13 billion, boosted by what the company called favorable market conditions, particularly in its insurance segment.Operating income fell to $404.7 million, or $1.01 a share, from $423.3 million, or $1.04 a","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"WRB":"WR柏克利"},"translate_title":"W.R.尽管遭受重大灾难损失，伯克利的盈利仍超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WRB":0.9},"content_text":"By Connor Hart \n\n\n \n\n\n  W.R. Berkley logged better-than-expected profit and higher revenue in the first quarter, despite significant industry-wide catastrophe losses. \n\n\n  The Greenwich, Conn., insurance company on Monday posted a profit of $417.6 million, or $1.04 a share, compared with $442.5 million, or $1.09 a share, in the same quarter last year. \n\n\n  Analysts surveyed by FactSet modeled net income of $400.4 million, or $1.01 a share. \n\n\n  Total revenue increased 8.9% to $3.55 billion, topping the $3.53 billion that analysts expected. \n\n\n  W.R. Berkley said the recent quarter reflects its ability to successfully manage underwriting volatility. The results came amid significant catastrophe losses, which more than tripled to $111.1 million. \n\n\n  Gross premiums written climbed 9.6% to $3.68 billion. Net premiums written rose 9.9% to $3.13 billion, boosted by what the company called favorable market conditions, particularly in its insurance segment. \n\n\n  Operating income fell to $404.7 million, or $1.01 a share, from $423.3 million, or $1.04 a share, a year earlier. Operating return on equity fell to 19.3% from 22.7%. \n\n\n \n\n\n  Write to Connor Hart at connor.hart@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 21, 2025 16:38 ET (20:38 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}