Welcome to our dedicated page for W.R Berkley news (Ticker: WRB), a resource for investors and traders seeking the latest updates and insights on W.R Berkley stock.
W.R. Berkley Corporation (NYSE: WRB) maintains its leadership in commercial insurance through specialized underwriting and decentralized risk management solutions. This news hub provides investors and industry professionals with centralized access to the company's latest strategic developments and regulatory filings.
Key updates include quarterly earnings reports, merger and acquisition activity across its network of subsidiaries, executive leadership changes, and innovations in niche insurance products like excess/surplus lines and workers' compensation. The repository also features operational updates from regional units demonstrating WRB's market-responsive approach.
Bookmark this page to monitor how WRB's decentralized structure enables rapid adaptation to emerging risks in construction, healthcare, and professional liability sectors. Regular updates provide insights into underwriting performance across its portfolio of specialty insurers including Berkley Environmental and Berkley Specialty Underwriters.
W. R. Berkley (NYSE: WRB) reported strong fourth quarter and full year 2024 results, with notable financial achievements. Q4 highlights include a 30.9% return on equity and net income increase of 45.0% to $576 million. The company achieved record operating income of $453 million, up 15.5%.
Full year 2024 performance showed remarkable growth with record annual pre-tax underwriting income of $1.1 billion and net income of $1.8 billion. Gross premiums written increased 9.6% to $14.2 billion, while net investment income grew 26.6% to $1.3 billion. Book value per share grew 23.5% before distributions.
The company returned significant capital to shareholders, totaling $835.6 million through special dividends ($412.3M), share repurchases ($303.7M), and regular dividends ($119.6M). The calendar year combined ratio of 90.2% demonstrated effective volatility management, with average rate increases excluding workers' compensation at approximately 7.9%.
W. R. Berkley (NYSE: WRB) has scheduled its fourth quarter and full year 2024 earnings release for Monday, January 27, 2025, after market close. The company will host a conference call with analysts and investors at 5:00 p.m. eastern time on the same day to discuss earnings and other information.
A live audio webcast of the conference call will be accessible through the company's website, with a replay available approximately two hours after the call ends. W. R. Berkley , established in 1967, 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) 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
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