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W. R. Berkley Corporation (WRB)
NYSE:WRB
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Earnings Data
Report Date
Jan 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.97Last Year’s EPS
0.97Same Quarter Last Year
Moderate Buy
Based on 13 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 23, 2018
|% Change Since: -5.21%
|Next Earnings Date:Jul 24, 2018
Earnings Call Sentiment|Positive
The earnings call reflects a generally positive sentiment with strong financial performance, including record net income, investment income, and premium growth. However, challenges such as catastrophic losses and elevated tax rates add some concerns to the otherwise robust results.Company Guidance
During the earnings call for W.R. Berkley Corporation's third quarter of 2024, the company provided detailed financial guidance, highlighting several key metrics. The company reported a record net income of $366 million for the quarter, an increase of nearly 10% compared to the previous year, and a 9-month record net income of approximately $1.2 billion. The return on equity was notably strong at 20% for the quarter and over 21% year-to-date. Operating earnings were reported at $374 million or $0.93 per share. Despite significant catastrophic (cat) activity contributing 3.3 points to the loss ratio, the company maintained a calendar year combined ratio of 90.9% and an accident year ex-cat loss ratio of 87.6%. Net premiums written exceeded $3 billion for the second consecutive quarter, with a growth of 10.8% over the prior year. The company also reported a pretax net investment income increase of 20% to $324 million, with a record operating cash flow of $1.25 billion for the quarter. The effective tax rate for the quarter was 23%, and stockholders' equity surpassed $8.4 billion, marking an all-time high. The company returned $138 million to shareholders, including special dividends, regular dividends, and share repurchases.Record Net Income and Growth
The third quarter net income increased by almost 10% over the prior year to $366 million, contributing to a 9-month record net income of approximately $1.2 billion. Return on equity was 20% for the quarter and more than 21% year-to-date.
Strong Investment Income
Pretax net investment income increased 20% to $324 million, driven by fixed maturity securities and other factors. The company also reported record operating cash flow of $1.25 billion for the quarter.
Premium Growth and Underwriting Strength
Net premiums written grew above $3 billion for the second consecutive quarter, with net premiums earned increasing 10.8% over the prior year. Underwriting income, excluding catastrophe losses, increased 13.4%.
Book Value and Equity Growth
Stockholders' equity surpassed $8 billion for the first time, reaching $8.4 billion. Book value per share grew 10% in the quarter and 20.1% year-to-date.
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WRB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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WRB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 21, 2024 | $60.45 | $57.97 | -4.10% |
| Jul 22, 2024 | $51.03 | $51.41 | +0.74% |
| Apr 23, 2024 | $54.35 | $51.52 | -5.21% |
| Jan 24, 2024 | $50.54 | $54.18 | +7.20% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does W. R. Berkley Corporation (WRB) report earnings?
W. R. Berkley Corporation (WRB) is schdueled to report earning on Jan 27, 2025, TBA Not Confirmed.
What is W. R. Berkley Corporation (WRB) earnings time?
W. R. Berkley Corporation (WRB) earnings time is at Jan 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WRB EPS forecast?
WRB EPS forecast for the fiscal quarter 2024 (Q4) is 0.97.
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