W. R. Berkley Corporation Reports Second Quarter 2026 Results

About this update from W.r. Berkley Corporation

W. R. Berkley Corporation (NYSE: WRB) today reported its second quarter 2026 results. Summary Financial Data (Amounts in thousands, except per share data)   Second Quarter   Six Months   2026   2025   2026   2025                 Gross premiums written $ 4,144,000   $ 3,977,769   $ 7,929,766   $ 7,661,708 Net premiums written 3,430,234   3,351,439   6,604,580   6,484,742                 Net income to common stockholders 452,261   401,288   967,478   818,860 Net income per diluted share 1.15   1.00   2.46   2.05                 Operating income (1) 497,145   420,486   1,011,402   840,442 Operating income per diluted share (1) 1.27   1.05   2.57   2.10                 Return on equity (2) 18.6 %   19.1 %   19.9 %   19.5 % Operating return on equity (1) (2) 20.5 %   20.0 %   20.9 %   20.0 % Operating income is a non-GAAP financial measure defined by the Company as net income excluding after-tax net investment gains (losses) and related expenses and after-tax net foreign currency gains (losses). Return on equity and operating return on equity represent net income and operating income, respectively, expressed on an annualized basis as a percentage of beginning of year common stockholders’ equity. Second quarter highlights included: Return on equity of 18.6% and operating return on equity of 20.5%. Gross premiums written grew to a record $4.1 billion. Pre-tax underwriting income grew 21.8% to $317.5 million. Net investment income grew 10.4% to a record $418.7 million. Net income and operating income grew 12.7% and 18.2% to $452.3 million and $497.1 million, respectively. The current accident year combined ratio before catastrophe losses of 2.0 loss ratio points was 88.1% and reported combined ratio was 90.0%. Total capital returned to shareholders was $334.1 million, consisting of $185.5 million of special dividends, $111.5 million of share repurchases and $37.1 million of regular dividends. Commenting on the Company's performance, W. Robert Berkley, Jr., chairman, chief executive officer, and president, said: The Company delivered an excellent second quarte...

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