W. R. Berkley Corporation Declares Special and Regular Quarterly Cash Dividends

Rhea-AI Summary

W. R. Berkley Corporation declares special cash dividend of 50 cents per share and regular quarterly cash dividend of 11 cents per share. Total capital returned to shareholders in 2023 is approximately $772 million.

Positive

• Special cash dividend of 50 cents per share
• Regular quarterly cash dividend of 11 cents per share
• Total capital returned to shareholders in 2023 is approximately $772 million

Negative

• None.

GREENWICH, Conn.--(BUSINESS WIRE)-- W. R. Berkley Corporation (NYSE: WRB) announced today that its Board of Directors has declared a special cash dividend on its common stock of 50 cents per share to be paid on October 4, 2023 to stockholders of record at the close of business on September 25, 2023. Together with the 50 cents per share special dividend that was paid on January 24, 2023, this will bring special cash dividends paid during 2023 to $1.00 per share.

In addition, the Board of Directors has declared a regular quarterly cash dividend on its common stock of 11 cents per share to be paid on October 4, 2023 to stockholders of record at the close of business on September 25, 2023.

Including today’s announced special and regular quarterly cash dividends and all shares repurchased through June 30, 2023, total capital returned to shareholders during 2023 is approximately $772 million.

Founded in 1967, W. R. Berkley Corporation is an insurance holding company that is among the largest commercial lines writers in the United States and operates two segments of the property casualty insurance business: Insurance and Reinsurance & Monoline Excess. For further information about W. R. Berkley Corporation, please visit www.berkley.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230913440507/en/

Karen A. Horvath

Vice President – External

Financial Communications

203-629-3000

Source: W. R. Berkley Corporation