WR Berkley Posts Q3 EPS of $1.14
WRB sits 18% above its 52-week low of $62.873.
Summary
W. R. Berkley reported third-quarter EPS of $1.14, with net income of $446M and revenue of $3.74B, and an operating ROE of 18.8%. The headline carries the bottom-line figure only — no combined ratio or prior-year comparison — so the market's read depends on how it stacks up against consensus and the 90.0% combined ratio posted in Q2. The company has been running record premiums with solid underwriting, so the key question is whether underwriting margin held at that level. Full release details, including the combined ratio and any reserve development, will drive the actual move.
At the time of this announcement, WRB was trading at $74.08 on NYSE in the Finance sector, with a market capitalization of approximately $27.5B. The 52-week trading range was $62.87 to $78.96. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.