Last $44.93 USD
Change Today -0.17 / -0.38%
Volume 905.2K
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As of 8:04 PM 07/30/14 All times are local (Market data is delayed by at least 15 minutes).

wr berkley corp (WRB) Key Developments

W.R. Berkley Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

W.R. Berkley Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net income to common stockholders of $179,961,000 or $1.35 per diluted share compared to net income to common stockholders of $115,957,000 or $0.82 per diluted share for the same period in 2012. Revenues were $1,796,989,000 compared to $1,570,962,000 reported a year ago. Income before income taxes were $263,454,000 compared to $158,706,000 reported a year ago. Cash flow from operations was $111,459,000 compared to $198,820,000 reported a year ago. Return on equity was 16.6% compared to 10.8% reported a year ago. Net premiums written were $1,489,776,000 against $1,341,898,000 a year ago. Operating income was $109,002,000 or $0.82 diluted per share against $98,830,000 or $0.70 diluted per share a year ago. For the six months, the company reported net income to common stockholders of $349,634,000 or $2.60 per diluted share compared to net income to common stockholders of $232,572,000 or $1.65 per diluted share for the same period in 2012. Revenues were $3,503,895,000 compared to $3,077,731,000 reported a year ago. Income before income taxes were $511,039,000 compared to $318,929,000 reported a year ago. Cash flow from operations was $254,623,000 compared to $313,932,000 reported a year ago. Book value per share increased 5.5% to $36.20. Tangible book value per share as of date was $35.18. Return on equity was 16.1% compared to 10.8% reported a year ago. Net premiums written were $3,015,656,000 against $2,718,864,000 a year ago. Operating income was $244,385,000 or $1.82 diluted per share against $202,465,000 or $1.43 diluted per share a year ago.

W.R. Berkley Corporation to Report Q2, 2014 Results on Jul 28, 2014

W.R. Berkley Corporation announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Jul 28, 2014

W.R. Berkley Corporation, Q2 2014 Earnings Call, Jul 29, 2014

W.R. Berkley Corporation, Q2 2014 Earnings Call, Jul 29, 2014

W.R. Berkley Corporation Announces First Quarter Dividend, Payable on July 1, 2014

W.R. Berkley Corporation announced that its Board of Directors has voted to increase the cash dividend to an annual rate of 44 cents per share, representing a 10% increase from the present rate. The first quarterly dividend at the new rate of 11 cents per share will be paid on July 1, 2014 to stockholders of record at the close of business on June 10, 2014.

W.R. Berkley Corporation Announces Executive Changes

W.R. Berkley Corporation appointed Wayne Carter, III as new president of Berkley program specialists, a W. R. Berkley company. Based in Naperville, Illinois, Berkley Program Specialists is a leading program management company offering both admitted and non-admitted insurance support for commercial program administrators and in-house program managers with specialized insurance expertise. Mr. Carter succeeds John Diem, who is retiring. Mr. Carter has more than 35 years of experience in the property casualty insurance industry, notably in underwriting, risk management and distribution. Most recently, he served as the president and CEO of a managing general underwriter (MGU) and program administrator specializing in professional liability insurance programs.

 

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Price/Earnings 10.0x
Price/Sales 0.8x
Price/Book -- Not Meaningful
Price/Cash Flow 9.3x
TEV/Sales -- Not Meaningful
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