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W. R. Berkley Corporation (WRB)
:WRB
RESEARCH TOOLSreports
Earnings Data
Report Date
Apr 29, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.05Last Year’s EPS
1.04Same Quarter Last Year
Moderate Buy
Based on 12 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 27, 2025
|% Change Since: 2.03%
|Next Earnings Date:Apr 29, 2025
Earnings Call Sentiment|Neutral
The earnings call highlights significant achievements such as record revenue and growth in equity, but there are notable concerns regarding increased catastrophe losses and challenges in the casualty reinsurance market due to competitive pricing and social inflation. The sentiment is mixed with strong financial performance tempered by market challenges.Company Guidance
During the W. R. Berkley Corporation's fourth quarter and full year 2024 earnings call, the company reported record financial results with a return on equity of 23.6% and operating return on equity of 22.4% for the year. In the fourth quarter alone, operating earnings rose by 15.5% to $453 million, or $1.13 per share, while net income increased by 45% to $576 million, or $1.44 per share. The fourth quarter also saw an operating return on equity of 24.3% and a return on equity of 30.9%. The company achieved a combined ratio of 90.2% for the quarter, driven by strong underwriting results and continued growth in the core investment portfolio. Additionally, gross and net premiums written expanded by 9.6% and 9.3% respectively for the full year, with the insurance segment's net premiums growing 9.9% in the fourth quarter. Despite challenges in the reinsurance market, particularly in casualty lines, the company remains optimistic about growth opportunities, supported by robust investment income and disciplined underwriting. As a result, W. R. Berkley looks forward to leveraging its strong financial position to capitalize on favorable market conditions in 2025 and beyond.Record Top-Line and Bottom-Line Results
The 2024 full year closed with record top-line and bottom-line results, yielding a return on equity of 23.6% and operating return on equity of 22.4%.
Significant Growth in Net Income
Net income for the fourth quarter increased 45% to $576 million or $1.44 per share, with a return on equity of 30.9%.
Strong Underwriting Income
The calendar year combined ratio was 90.2%, resulting in $294 million of underwriting income, bringing the full year 2024 to 90.3% and a record underwriting income of more than $1.1 billion.
Growth in Investment Portfolio
The core portfolio increased 9.4% to $313 million, with record operating cash flow from 2024 of almost $3.7 billion, following the previous year's record of $2.9 billion.
Increase in Stockholders' Equity
Stockholders' equity increased 12.6% to $8.4 billion, primarily due to record net income of $1.8 billion.
Effective Tax Rate Improvements
The effective tax rate of 21% in the quarter benefited from the utilization of some foreign valuation allowances and true-up adjustments for prior periods.
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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 |
|---|---|---|---|
| Jan 27, 2025 | $59.20 | $59.34 | +0.24% |
| 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% |
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 Apr 29, 2025, TBA Not Confirmed.
What is W. R. Berkley Corporation (WRB) earnings time?
W. R. Berkley Corporation (WRB) earnings time is at Apr 29, 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 2025 (Q1) is 1.05.
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