- W.R. Berkley press release ( NYSE: WRB ): Q4 Non-GAAP EPS of $1.16 beats by $0.07 .
- Revenue of $2.43B (+6.6% Y/Y) misses by $80M .
- Return on Equity of 23.0%
- Record Annual Pre-Tax Underwriting Income of $1.0 Billion and Record Net Income of $1.4 Billion
- Book value per share grew 8.1%, before dividends and share repurchases.
- Net investment income grew 40.2% to a record $231.3 million.
- Record quarterly pre-tax underwriting income of $291.9 million.
- The current accident year combined ratio before catastrophe losses of 1.2 loss ratio points was 87.2%.
- The reported combined ratio was 88.4%, including catastrophe losses of $30.8 million.
- Average rate increases excluding workers' compensation were approximately 6.9%.
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W.R. Berkley Non-GAAP EPS of $1.16 beats by $0.07, revenue of $2.43B misses by $80M