W.R. Berkley (WRB) Reports Q1 Earnings: What Key Metrics Have to Say

Core Insights - W.R. Berkley reported revenue of $3.53 billion for the quarter ended March 2025, reflecting a 9.3% increase year-over-year and a surprise of +2.22% over the Zacks Consensus Estimate of $3.45 billion [1] - The company's EPS was $1.01, slightly down from $1.04 in the same quarter last year, aligning with the consensus EPS estimate [1] Financial Performance Metrics - Expense Ratio: 27.8%, better than the average estimate of 28.9% from four analysts [4] - Combined Ratio: 90.9%, slightly above the estimated 90.7% by four analysts [4] - Loss Ratio (Insurance Segment): 63.9%, higher than the estimated 62.1% by three analysts [4] - Total Loss Ratio: 63.1%, compared to the average estimate of 61.5% from three analysts [4] - Revenues from non-insurance businesses: $128.91 million, exceeding the estimate of $126.01 million, representing a +6.5% change year-over-year [4] - Net premiums earned: $3.01 billion, surpassing the estimate of $2.99 billion, with a +9% change compared to the previous year [4] - Net investment income: $360.29 million, above the average estimate of $345.95 million, indicating a +12.7% year-over-year increase [4] - Insurance service fees: $28.93 million, exceeding the estimate of $25.69 million, with a +14.3% change year-over-year [4] - Net premiums earned (Reinsurance & Monoline Excess): $369.87 million, above the estimate of $357.45 million, reflecting a +1.2% change year-over-year [4] - Other income (loss): $0.53 million, below the estimate of $0.82 million, with a +7.5% change year-over-year [4] - Net premiums earned (Insurance): $2.64 billion, exceeding the estimate of $2.59 billion, representing a +10.2% change year-over-year [4] - Net investment gains (losses) - Net realized gains on investment sales: $15.71 million, slightly below the estimate of $16.24 million, with a +36.6% change year-over-year [4] Stock Performance - W.R. Berkley shares have returned +8.8% over the past month, contrasting with the Zacks S&P 500 composite's -5.6% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]