Key Takeaways WRB focuses on commercial lines, including excess & surplus, admitted, and specialty personal lines.WRB's growth drivers include diversification, reserving discipline, and alternative asset investments.WRB's dividend yield of 0.5% exceeds the industry average of 0.2%.Shares of W.R. Berkley Corporation (WRB) have gained 23.6% in the past year, outperforming its industry, the Finance sector, and the Zacks S&P 500 composite’s growth of 8.4%, 20.4% and 20.3%, respectively. The insurer has a market ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 W. R. BERKLEY CORPORATION Form 10-Q (Exact name of registrant as specified in its charter) (Mark one) Delaware 22-1867895 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2025 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. For the Transition Period from to . Commission File Number 1-15202 (State or other juris ...

Core Viewpoint - W.R. Berkley (NYSE: WRB) has shown strong performance over the past year, with a 31% increase in stock value, but has recently experienced a 10% decline from its peak, indicating potential investment opportunities due to strong operating results and strategic investments [1] Group 1 - The stock of W.R. Berkley has added 31% over the past year [1] - The stock has lost approximately 10% from its recent high [1] - There is a suggestion that good news from strong operating results and strategic investments could present a favorable investment opportunity [1]

Key Takeaways WRB's Q2 operating income of $1.05 per share beat the consensus estimate of $1.03 and rose 1% year over year. Improved net investment income and higher premiums drove a 7.9% revenue increase to $3.6 billion. Q2 catastrophe losses rose to $99.2M, pushing the combined ratio up 50 bps year over year to 92.1.W.R. Berkley Corporation's (WRB) second-quarter 2025 operating income of $1.05 per share beat the Zacks Consensus Estimate of $1.03 per share. The bottom line increased about 1% year over ye ...

W.R. Berkley (WRB) reported $3.64 billion in revenue for the quarter ended June 2025, representing a year-over-year increase of 7.9%. EPS of $1.05 for the same period compares to $1.04 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $3.57 billion, representing a surprise of +1.83%. The company delivered an EPS surprise of +1.94%, with the consensus EPS estimate being $1.03.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how ...

Financial Data and Key Metrics Changes - Net income per diluted share increased by 8.7% year-over-year to $1 per share, with an annualized return on beginning of year equity of 19.1% [11] - Operating earnings were $420 million or $1.05 per share, yielding an annualized return on beginning of year equity of 20% [11] - Stockholders' equity increased by more than $380 million or 4.3% to a record $9.3 billion [15] Business Line Data and Key Metrics Changes - The Insurance segment's accident year loss ratio excluding catastrophes was relatively flat year-over-year at 60.7%, with a combined ratio before catastrophes of 89% [13] - The Reinsurance and Monoline Excess segment's accident year loss ratio excluding catastrophes increased to 54.1%, with a strong combined ratio before catastrophes of 83.8% [13] - Net premiums earned reached a record of $3.1 billion, while net premiums written increased to a record $3.4 billion, showing growth across all lines of business [13] Market Data and Key Metrics Changes - The property market is becoming more competitive, particularly for larger accounts, while smaller accounts face less competition [19][20] - The commercial transportation market continues to see activity from Managing General Agents (MGAs), pushing for rate increases [20] - The professional liability market is mixed, with public Directors and Officers (D&O) insurance beginning to stabilize, while private and non-profit D&O remains competitive [21] Company Strategy and Development Direction - The company is focused on achieving appropriate risk-adjusted returns and is optimistic about growth opportunities in the liability market over the next 12 to 36 months [32] - The company is maintaining a defensive posture in certain areas while leaning into higher hazard, more specialized lines of business [70] - The company is cautious about the competitive dynamics in the reinsurance market, particularly regarding ceding commissions and discipline in casualty lines [25][114] Management's Comments on Operating Environment and Future Outlook - Management highlighted concerns about economic inflation, labor market dynamics, and the resilience of U.S. consumer spending as macroeconomic factors impacting the business [7][9] - The company is optimistic about its ability to manage through potential challenges related to tariffs and labor costs, while also focusing on pricing strategies [45][88] - Management expressed confidence in the investment portfolio's positioning and the potential for improved investment income [31][94] Other Important Information - The company paid ordinary and special dividends totaling $224 million in the quarter, contributing to a growth in book value per share of 6.8% for the quarter and 14.3% year-to-date [16] - The effective tax rate for the quarter was 23.2%, exceeding the U.S. statutory rate due to taxes on foreign earnings and state income taxes [15] Q&A Session Summary Question: Growth potential in the current environment - Management adjusted growth expectations to a range of 8% to 12% from the previous 10% to 15% due to recent market conditions [38] Question: Underlying loss ratio dynamics - The underlying loss ratio remains primarily influenced by business mix, with no unusual factors noted [39] Question: Impact of tariffs and labor costs - Management indicated that current loss activity does not reflect significant impacts from tariffs or labor costs, but they are monitoring the situation closely [45] Question: Trajectory of margins - Management believes that current rates are positioning the company well for future improvements, but cautioned against premature conclusions [47] Question: Capital management and share buybacks - The decision not to repurchase shares was based on maintaining surplus capital for future opportunities, with a focus on special dividends as a more efficient return method [52] Question: Medical inflation and its impact - Management is closely monitoring medical inflation and its potential effects on workers' compensation and stop-loss portfolios, with sensitivity analyses conducted [65] Question: Competitive dynamics in the private client business - The company is experiencing traction in the private client space due to its expertise and value proposition, despite not being the cheapest option [126]

W. R. Berkley (WRB) Q2 2025 Earnings Call July 21, 2025 05:00 PM ET Speaker0Ladies and gentlemen, good day, and welcome to W. R. Berkeley Corporation's Second Quarter twenty twenty five Earnings Conference Call. Today's conference is being recorded. The speakers' remarks may contain forward looking statements.Some of the forward looking statements can be identified by the use of forward looking words, including, without limitation, believes, expects, or estimates. We caution you that such forward looking st ...

W. R. Berkley Corporation 475 Steamboat Road Greenwich, Connecticut 06830 (203) 629-3000 NEWS RELEASE FOR IMMEDIATE RELEASE CONTACT: Karen A. Horvath Vice President - External Financial Communications (203) 629-3000 W. R. Berkley Corporation Reports Second Quarter 2025 Results Net Premiums Written Increased to a Record $3.4 Billion; Return on Equity of 19.1% and Operating Return on Equity of 20.0% Greenwich, CT, July 21, 2025 - W. R. Berkley Corporation (NYSE: WRB) today reported its second quarter 2025 res ...

Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for W.R. Berkley despite higher revenues, with a focus on how actual results compare to estimates impacting stock price [1][2]. Earnings Expectations - W.R. Berkley is expected to report quarterly earnings of $1.03 per share, reflecting a -1% change year-over-year, while revenues are projected at $3.58 billion, a 6% increase from the previous year [3]. - The consensus EPS estimate has been revised down by 0.47% over the last 30 days, indicating a bearish sentiment among analysts [4]. Earnings Surprise Prediction - The Most Accurate Estimate for W.R. Berkley is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -1.46%, complicating predictions for an earnings beat [12]. - The stock holds a Zacks Rank of 3, which does not strongly support a positive earnings surprise prediction [12]. Historical Performance - In the last reported quarter, W.R. Berkley met the expected earnings of $1.01 per share, showing no surprise [13]. - Over the past four quarters, the company has beaten consensus EPS estimates three times [14]. Industry Comparison - Selective Insurance, another player in the insurance sector, is expected to post earnings of $1.55 per share, indicating a significant year-over-year change of +240.9%, with revenues projected at $1.31 billion, up 9.7% [19]. - Despite a higher Most Accurate Estimate leading to an Earnings ESP of +1.94%, Selective Insurance has a Zacks Rank of 4, making it difficult to predict an earnings beat [20].

Company Strategy & Competitive Advantages - The company aims for a long-term Return on Equity (ROE) target of 15%[8] - The company operates where specialized knowledge provides a competitive edge[8, 11] - A decentralized structure enables quick responses to changing market conditions[11] - The company focuses on long-term risk-adjusted returns and shareholder value creation[7, 8] Financial Performance & Capital Management - In 2024, Insurance net premiums written were $10.5 billion, and Reinsurance & Monoline Excess net premiums written were $1.4 billion[20] - As of December 31, 2024, total debt was $2.841 billion, and common equity was $8.395 billion, resulting in a debt-to-capital ratio of 25.3%[42] - The company has returned $7.5 billion to shareholders through dividends and share repurchases since 2006, representing 55% of net income[49] - The company actively manages capital, including the issuance of subordinated debt in 2023 ($185 million at 5.700%), 2024 ($300 million at 5.100%), and planned issuances in 2025 ($250 million at 4.250%) and 2026 ($300 million at 4.125%)[46] Investment Portfolio - As of December 31, 2024, fixed maturity securities constituted 75.1% of the investment portfolio, totaling $22.397 billion[38] - Cash and cash equivalents represented 6.4% of the portfolio, amounting to $1.891 billion[38] - "Alternative" investments accounted for 18.5% of the portfolio, totaling $5.491 billion[38]