W.R. Berkley (WRB) Tops Q3 EPS by 33c

W.R. Berkley (NYSE: WRB) reported Q3 EPS of $1.32, $0.33 better than the analyst estimate of $0.99.

• Return on equity of 16.6%.
• Net premiums written increased 23.7%.
• The current accident year combined ratio before catastrophe losses of 3.5 loss ratio points was 86.9%.
• The reported combined ratio was 90.4%, including catastrophe losses of $73.8 million.
• Average rate increases excluding workers\' compensation were approximately 10.1%.
• Net investment income increased 26.1% to $179.9 million.
• Operating income increased 103.6% to $246.7 million.
• Total capital returned to shareholders was $115.8 million, consisting of $92.7 million of share repurchases and $23.1 million of dividends.

For earnings history and earnings-related data on W.R. Berkley (WRB) click here.

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