W.R. Berkley Corporation Q2 2025 Earnings | 07/23/2025

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W.R. Berkley Corporation reported strong financial results for the second quarter of 2025, building on its track record of disciplined underwriting and resilient investment income. Net premiums written reached a new quarterly high of $3.4 billion, representing growth across all core business lines and confirming the company’s focus on business with the highest margin potential. Net income attributed to common stockholders was $401.3 million for the quarter, up nearly 8% from $371.9 million a year earlier. Earnings per diluted share rose to $1.00, an 8.7% year-over-year increase, while operating income per share was $1.05, modestly beating consensus estimates. The company achieved record net investment income of $379 million, benefiting from higher yields on its growing fixed-maturity securities portfolio and robust operating cash flows. Overall operating revenues rose to $3.67 billion, and the annualized return on equity stood at an impressive 19.1%. The operating return on equity reached 20%, supported by a resilient underwriting environment and effective capital deployment. The combined ratio before catastrophe losses was 88.4%, with a total combined ratio of 91.6% after incorporating $99.2 million in catastrophe losses—still demonstrating operational resilience in a quarter marked by elevated industry storm activity. W.R. Berkley’s insurance segment generated $3 billion in net premiums written, while the Reinsurance & Monoline Excess segment contributed $370 million. Growth was seen in both property and casualty lines, as well as specialized segments such as private client and high-hazard workers' compensation, which continued to deliver above-average performance. Book value per share increased by 6.8% quarter-over-quarter, and stockholders’ equity rose to $9.3 billion. During the quarter, the company returned $223.8 million to shareholders, including both special and regular dividends. Despite the competitive pressures in large account property markets and slightly elevated catastrophe losses, management reaffirmed its disciplined underwriting approach and steady long-term outlook. The company updated its annual growth outlook to 8%-12%, citing ongoing strong momentum and confidence in delivering exceptional value for shareholders throughout the remainder of 2025 and beyond. With a focus on investment income expansion, operational efficiency, and careful cycle management, W.R. Berkley remains well-positioned for further growth amidst evolving market conditions. #WRBerkley #Q22025 #Earnings #FinancialResults #Insurance #NetPremiums #InvestmentIncome #CombinedRatio #ShareholderReturns #BookValue #Dividend #OperatingIncome #Profitability #Underwriting #CapitalManagement #InsuranceSector #MarketUpdate #InsideTicker