Last $50.94 USD
Change Today +1.27 / 2.56%
Volume 592.8K
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As of 8:04 PM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

wr berkley corp (WRB) Key Developments

W.R. Berkley Corporation Announces Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Return on Equity Guidance for the Full Year 2014

W.R. Berkley Corporation announced consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenues were $1,840.6 million against $1,634.12 million a year ago. Net premiums written were $1,525.38 million against $1,423.62 million a year ago. Net premiums earned were $1,460.8 million against $1,634.12 million a year ago. Income before income taxes was $278.45 million against $198.23 million a year ago. Net income to common stockholders was $188.54 million against $136.97 million a year ago. Diluted earnings per share were $1.42 against $0.97 a year ago. Operating income was $141.57 million against $108.46 million a year ago. Diluted operating per share was $1.06 against $0.77 a year ago. Return on equity was 17.4% against 12.7% a year ago. For the nine months, the company reported total revenues were $5,344.5 million against $4,711.86 million a year ago. Net premiums written were $4,541.04 million against $4,142.49 million a year ago. Net premiums earned were $4,242.06 million against $3,843.5 million a year ago. Income before income taxes was $789.49 million against $517.16 million a year ago. Net income to common stockholders was $538.17 million against $369.55 million a year ago. Diluted earnings per share were $4.02 against $2.62 a year ago. Book value per share as of September 30, 2014 was $37.10 against $32.79 as of December 31, 2013. Tangible book value per share as of September 30, 2014 was $35.72 against $31.74 as of December 31, 2013. Operating income was $385.96 million against $310.92 million a year ago. Diluted operating per share was $2.88 against $2.20 a year ago. Return on equity was 16.5% against 11.4% a year ago. The company anticipates being able to exceed the target return of equity for the full year 2014. The company continues to be positive as look to the future.

W. R. Berkley Corporation Announces Management Appointments

W. R. Berkley Corporation announced the appointment of John K. Goldwater as Senior Vice President. Mr. Goldwater will have oversight responsibility for certain of the Company's operating units. James B. Gilbert will succeed Mr. Goldwater as President of BerkleyNet Underwriters (BerkleyNet). The appointments are effective immediately. Mr. Goldwater has more than 40 years of experience in the commercial property and casualty insurance industry. He has served as president of BerkleyNet since its inception in 2006. Mr. Gilbert has nearly 25 years of experience in property casualty insurance. He served alongside Mr. Goldwater as BerkleyNet's senior vice president of actuarial and operations since its 2006 founding, having held senior actuarial positions at other workers' compensation insurance organizations prior to joining BerkleyNet.

W.R. Berkley Corporation to Report Q3, 2014 Results on Oct 23, 2014

W.R. Berkley Corporation announced that they will report Q3, 2014 results at 5:00 PM, Eastern Standard Time on Oct 23, 2014

W.R. Berkley Corporation, Q3 2014 Earnings Call, Oct 24, 2014

W.R. Berkley Corporation, Q3 2014 Earnings Call, Oct 24, 2014

W.R. Berkley Corporation Presents at Keefe, Bruyette, & Woods, Inc.'s Annual Insurance Conference, Sep-03-2014 02:55 PM

W.R. Berkley Corporation Presents at Keefe, Bruyette, & Woods, Inc.'s Annual Insurance Conference, Sep-03-2014 02:55 PM. Venue: The Crowne Plaza Times Square, 1605 Broadway, New York, New York, United States. Speakers: William Robert Berkley, Chairman, Chief Executive Officer and Member of Executive Committee, William Robert Berkley, President, Chief Operating Officer, Director and Member of Executive Committee.

 

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