2023-07-20 16:14:59 ET
- W.R. Berkley press release ( NYSE: WRB ): Q2 Non-GAAP EPS of $1.14 beats by $0.06 .
- Net premiums written of $2.81B (+8.5% Y/Y) beats by $240M .
- Return on equity and operating return on equity of 21.1% and 18.4%, respectively.
- The current accident year combined ratio before catastrophe losses of 2.1 loss ratio points was 87.6%.
- The reported combined ratio was 89.6%, including current accident year catastrophe losses of $53.5 million.
- Record gross and net premiums written grew 9.3% and 8.7% to $3.3 billion and $2.8 billion, respectively.
- Total capital returned to shareholders was $320.8 million, consisting of $292.5 million of share repurchases and $28.3 million of regular dividends.
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W.R. Berkley Non-GAAP EPS of $1.14 beats by $0.06, Net premiums written of $2.81B beats by $240M