W.R. Berkley Stock Rises 15.8% in 6 Months: Will the Rally Last?
WRB stock soars on the back of higher premiums, lower claims frequency in certain lines of business, effective capital deployment and sufficient liquidity.
W. R. Berkley: Valuation Continues To Reflect Elevated Earnings
Commercial insurer W. R. Berkley continues to enjoy a favorable operating environment, with underwriting profitability and investment income both still elevated. While the company has always reported solid underwriting results, the current backdrop is leading to cycle-high return on equity. Although earnings remain strong, the stock trades for over 2.7x book value. This valuation leaves little room for eventual earnings normalization.
W.R. Berkley: Strong Results But A Premium Multiple
W.R. Berkley shares have gained 27% over the past year but recently declined 7% after Q3 results; I maintain a "hold" rating due to valuation. Q3 results showed solid performance despite higher catastrophe losses, with net written premiums rising to $3.06 billion, driven by premium inflation. Elevated interest rates boosted net investment income by 19%, and WRB's conservative fixed income portfolio remains defensively positioned with an AA- average credit quality.
These Analysts Increase Their Forecasts On WR Berkley After Q3 Results
W. R. Berkley Corporation WRB reported better-than-expected earnings for its third quarter on Monday.
W.R. Berkley's Q3 Earnings Surpass Estimates, Revenues Miss
W.R. Berkley's Q3 earnings reflect continued strong underwriting and investment income.
W. R. Berkley Corporation (WRB) Q3 2024 Earnings Call Transcript
W. R. Berkley Corporation (NYSE:WRB ) Q3 2024 Earnings Conference Call October 21, 2024 5:00 PM ET Company Participants Rob Berkley - President & CEO Rich Baio - EVP & CFO Bill Berkley - Executive Chairman Conference Call Participants Elyse Greenspan - Wells Fargo Rob Cox - Goldman Sachs Andrew Kligerman - TD Cowen Mike Zaremski - BMO Capital Markets Mark Hughes - Truist Securities Josh Shanker - Bank of America David Motemaden - Evercore ISI Ryan Tunis - Autonomous Research Alex Scott - Barclays Brian Meredith - UBS Financial Operator Good day and welcome to W. R. Berkley Corporation's Third Quarter 2024 Earnings Conference Call.
Here's What Key Metrics Tell Us About W.R. Berkley (WRB) Q3 Earnings
The headline numbers for W.R. Berkley (WRB) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
W.R. Berkley (WRB) Q3 Earnings Top Estimates
W.R. Berkley (WRB) came out with quarterly earnings of $0.93 per share, beating the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $0.90 per share a year ago.
W.R. Berkley (WRB) Q3 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
Get a deeper insight into the potential performance of W.R. Berkley (WRB) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
W.R. Berkley (WRB) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
W.R. Berkley (WRB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Is W.R. Berkley (WRB) a Great Value Stock Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Here's Why W.R. Berkley (WRB) is a Strong Value Stock
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
