Here's What Key Metrics Tell Us About W.R. Berkley (WRB) Q3 Earnings

Core Insights - W.R. Berkley reported revenue of $3.41 billion for Q3 2024, reflecting a year-over-year increase of 10.9% [1] - The company's EPS for the quarter was $0.93, up from $0.90 in the same quarter last year, with a positive surprise of +1.09% compared to the consensus estimate [1] Financial Performance Metrics - Combined Ratio: 90.9%, better than the average estimate of 92% [1] - Expense Ratio: 28.5%, lower than the average estimate of 29.1% [1] - Loss Ratio (Insurance Segment): 63.1%, slightly above the average estimate of 62.9% [1] - Total Loss Ratio: 62.4%, compared to the average estimate of 63% [1] - Net Investment Income: $323.76 million, below the average estimate of $343.06 million, but a year-over-year increase of +19.5% [1] - Revenues from Non-Insurance Businesses: $128.61 million, lower than the estimated $143.38 million, representing a year-over-year decrease of -6.2% [1] - Net Premiums Earned: $2.93 billion, slightly above the average estimate of $2.92 billion, with a year-over-year increase of +10.8% [1] - Other Income: $0.61 million, exceeding the average estimate of $0.35 million, with a significant year-over-year increase of +376.6% [1] - Insurance Service Fees: $28.67 million, above the average estimate of $24.67 million, reflecting a year-over-year increase of +24.8% [1] - Net Realized Gains on Investment Sales: -$23.36 million, significantly below the average estimate of $15.39 million, with a year-over-year decline of -42.8% [1] - Net Premiums Earned (Reinsurance & Monoline Excess): $362.33 million, exceeding the average estimate of $331.14 million, with a year-over-year increase of +12.4% [1] - Net Premiums Earned (Insurance): $2.56 billion, slightly below the average estimate of $2.57 billion, with a year-over-year increase of +10.6% [1] Stock Performance - W.R. Berkley shares have returned +6.6% over the past month, outperforming the Zacks S&P 500 composite's +4.5% change [2] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [2]