Welcome to our dedicated page for W.R. Berkley Corporation news (Ticker: WRB), a resource for investors and traders seeking the latest updates and insights on W.R. Berkley Corporation stock.
W.R. Berkley Corporation, founded in 1967, is a prominent player in the commercial lines property casualty insurance sector. As one of the nation’s premier insurance providers, W.R. Berkley operates through a decentralized structure, allowing each subsidiary to focus on niche markets requiring specialized knowledge. This approach empowers local management to swiftly adapt to market conditions and customer needs, fostering a culture of financial accountability and high professional standards.
W.R. Berkley’s diverse portfolio includes various excess and surplus lines, workers' compensation insurance, self-insurance consulting, reinsurance, and regional commercial lines tailored for small to midsize businesses. The company's long-term strategy focuses on leveraging its expertise and resources to navigate the current market environment while maintaining the agility to innovate and respond to future opportunities and challenges.
Through its numerous subsidiaries, W.R. Berkley has established a competitive advantage by providing specialized insurance solutions and personalized service. This has resulted in a robust financial condition and a strong market presence. Recent achievements and ongoing projects underscore the company's commitment to excellence and continuous improvement in its offerings.
Whether it's offering tailored insurance products or forming strategic partnerships, W.R. Berkley remains dedicated to delivering value to its customers and stakeholders. Stay informed with the latest updates, achievements, and market developments related to W.R. Berkley Corporation here on StockTitan.
W. R. Berkley (NYSE: WRB) has received approval to establish a branch office of Berkley Insurance Company in India through the International Financial Services Centres Authority (IFSCA). The new branch will be located in GIFT City, Gujarat. Unnati Bajpai has been appointed as CEO and principal officer of the IFSC Branch, joining the Berkley Insurance Asia leadership team. The company plans to begin operations in 2025, marking a strategic expansion of its presence in Asia. This move represents part of Berkley's selective development strategy in the Asian market, with plans to introduce specialty insurance products to India.
W. R. Berkley (NYSE: WRB) has announced both a special cash dividend of $0.50 per share and a regular quarterly dividend of $0.08 per share. Both dividends will be paid on December 27, 2024, to stockholders of record as of December 16, 2024. This marks the third special dividend declared in 2024. The company has returned approximately $768.2 million to shareholders in 2024 through special dividends, regular quarterly dividends, and share repurchases through September 30, 2024.
W. R. Berkley (NYSE: WRB) has announced that its president and CEO, W. Robert Berkley, Jr., will present at the 2024 Goldman Sachs U.S. Financial Services Conference on Wednesday, December 11, 2024, at 11:20 a.m. eastern time. The presentation will be available via live webcast on the company's website and will remain accessible for approximately 180 days afterward.
Founded in 1967, W. R. Berkley is a major insurance holding company operating in two property casualty insurance segments: Insurance and Reinsurance & Monoline Excess, and ranks among the largest commercial lines writers in the United States.
W. R. Berkley (NYSE: WRB) reported record third quarter results for 2024, with net income increasing to $366 million. Key highlights include:
- Return on equity of 19.6% and operating return on equity of 20.0%
- Net investment income grew 19.5% to $323.8 million compared to the prior year
- Combined ratio of 90.9%, with catastrophe losses contributing 3.3 loss ratio points
- Average rate increases excluding workers' compensation were approximately 8.4%
- Book value per share grew 10.0%, before dividends and share repurchases
- Total capital returned to shareholders was $138.3 million
- Record operating cash flow increased 15.2% to $1.2 billion
The company attributes its success to strong underwriting margins, increasing investment income, and a flexible approach to market risks and opportunities.
W. R. Berkley (NYSE: WRB) has announced that it will release its third quarter 2024 earnings after the market closes on Monday, October 21, 2024. The company will host a quarterly conference call with analysts and investors to discuss its earnings and other information on the same day at 5:00 p.m. eastern time.
A live audio webcast of the conference call will be accessible via the company's website at www.berkley.com. Participants are encouraged to log on early to register. A replay of the webcast will be available on the company's website approximately two hours after the call ends.
W. R. Berkley , founded in 1967, is an insurance holding company among the largest commercial lines writers in the United States. It operates worldwide in two segments of the property casualty insurance business: Insurance and Reinsurance & Monoline Excess.
W. R. Berkley (NYSE: WRB) has announced two dividend payments for its shareholders. The company's Board of Directors has declared a special cash dividend of 25 cents per share and a regular quarterly cash dividend of 8 cents per share, both payable on September 30, 2024 to stockholders of record as of September 23, 2024. These dividend amounts reflect the recent 3-for-2 common stock split effected on July 10, 2024.
Including these dividends and shares repurchased through June 30, 2024, W. R. Berkley has returned approximately $535.3 million to shareholders in 2024. The company, founded in 1967, is a major commercial lines insurer in the United States, operating in two segments: Insurance and Reinsurance & Monoline Excess.
W. R. Berkley (NYSE: WRB) has appointed Antonio Q. L. Rhodes as president of Berkley Mid-Atlantic Insurance Group (BMAG), effective immediately. Rhodes, an accomplished insurance executive with nearly 20 years of experience in the property and casualty insurance industry, previously served as executive vice president and head of property & casualty for a leading agency network and brokerage firm. W. Robert Berkley, Jr., president and CEO of W. R. Berkley , expressed confidence in Rhodes' extensive experience in building and leading businesses, as well as his knowledge of the mid-Atlantic region. BMAG offers localized insurance solutions, providing adaptable coverage for businesses with consistency, transparency, and fast delivery of value.
W. R. Berkley (NYSE: WRB) reported strong second quarter 2024 results, with a 20.0% return on equity and 22.4% operating return on equity. The company achieved record quarterly net investment income of $372 million, up 51.8% year-over-year. Net premiums written grew 11.2% to a record $3.1 billion. The reported combined ratio was 91.1%, including 3.2 loss ratio points from catastrophe losses.
Key highlights include:
- Net income per diluted share increased to $0.92 from $0.87 in Q2 2023
- Operating income per diluted share rose to $1.04 from $0.76
- Book value per share grew 4.7% before dividends and share repurchases
- Total capital returned to shareholders was $381.3 million
- Operating cash flow increased 24.4% to $881.3 million
W. R. Berkley (NYSE: WRB) has named Lucas Prahl, Jr. as president of Berkley Human Services, effective immediately. Prahl brings over 20 years of experience in the property and casualty insurance industry, previously serving as SVP and head of middle market, North America, at a multinational insurance group, overseeing operational profitability, market strategy, business development, underwriting, and operations. Roger M. Nulton, who has led Berkley Human Services since 2015, will transition to chairman. CEO W. Robert Berkley, Jr., expressed confidence in Prahl's leadership to drive the business forward, while also commending Nulton's contributions.
W. R. Berkley (NYSE: WRB) will announce its second quarter 2024 earnings after market close on July 22, 2024. The earnings release will be accessible on the company's website. A quarterly conference call with analysts and investors is scheduled for the same day at 5:00 p.m. ET, with a live audio webcast available on the company's site. The replay will be available about two hours post-call.
Founded in 1967, W. R. Berkley is a leading insurance holding company in the U.S., operating globally in property casualty insurance through its Insurance and Reinsurance & Monoline Excess segments.
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