- W. R. Berkley ( NYSE: WRB ) posted stronger-than-expected Q4 earnings Thursday reflecting the insurer's robust underwriting performance and increased net investment income.
- Q4 operating income of $1.16 a share, surpassing the $1.09 average analyst estimate, climbed from $1.02 in the year-ago quarter.
- Net written premiums written totaled $2.43B compared with $2.28B a year earlier.
- Operating return on equity was 19.4% vs. 18.0% in Q4 2021.
- Net investment income rose to $231.28M from $165M a year before.
- Combined ratio was 88.4% (including catastrophe losses of $30.8M) vs. 88.2% in Q4 2021.
- WRB edged down 0.5% in after-hours trading.
- Conference call at 5:00 p.m. ET.
- Earlier, W. R. Berkley Non-GAAP EPS of $1.16 beats by $0.07, revenue of $2.43B misses by $80M .
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W. R. Berkley Q4 earnings beat on robust net premiums written, ROE, NII