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GREENWICH, Conn.--(BUSINESS WIRE)--W. R. Berkley Corporation (NYSE: WRB) announced today that its Board of Directors has declared a regular quarterly cash dividend on its common stock of 8 cents per share to be paid on March 12, 2025 to stockholders of record at the close of business on March 3, 2025. Founded in 1967, W. R. Berkley Corporation is an insurance holding company that is among the largest commercial lines writers in the United States and operates two segments of the property casualt.
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W. R. Berkley, an American insurance holding company that underwrites insurance and reinsurance on a global basis, focusing on commercial niche lines, is now a $22 billion (by market cap) insurance player. To date, the company has increased its dividend for 23 consecutive years, with a 10-year dividend growth rate of 9.4%. WRB grew its revenue from $7.2 billion in FY 2015 to $13.6 billion in FY 2024, a compound annual growth rate of 7.3%.
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U.S. commercial insurer W. R. Berkley recently released fourth quarter results. Profitability continues to be excellent, aided by higher interest rates and the current upswing in the insurance cycle. This continues to be reflected in a premium valuation, with the stock's price-to-book ratio significantly ahead of its long-term average.
WRB's Q4 results reflect higher premiums and improved net investment income, partially offset by wider catastrophe losses and escalated expenses.
W. R. Berkley Corporation (NYSE:WRB ) Q4 2024 Earnings Conference Call January 27, 2025 5:00 PM ET Company Participants Rob Berkley - President & Chief Executive Officer Rich Baio - Chief Financial Officer Bill Berkley - Executive Chairman Conference Call Participants Alex Scott - Barclays Elyse Greenspan - Wells Fargo Andrew Kligerman - TD Securities Mark Hughes - Truist Securities Mike Zaremski - BMO Capital Markets Katie Sakys - Autonomous Research Bob Huang - Morgan Stanley David Motemaden - Evercore ISI Meyer Shields - KBW Brian Meredith - UBS Josh Shanker - Bank of America Operator Good day, and welcome to W. R. Berkley Corporation's Fourth Quarter and Full Year 2024 Earnings Conference Call.
Although the revenue and EPS for W.R. Berkley (WRB) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
W.R. Berkley (WRB) came out with quarterly earnings of $1.13 per share, beating the Zacks Consensus Estimate of $0.94 per share. This compares to earnings of $0.97 per share a year ago.
GREENWICH, Conn.--(BUSINESS WIRE)--W. R. Berkley Corporation (NYSE: WRB) today reported its fourth quarter and full year 2024 results. Summary Financial Data (Amounts in thousands, except per share data) Fourth Quarter Twelve Months 2024 2023 2024 2023 Gross premiums written $ 3,497,284 $ 3,232,710 $ 14,211,090 $ 12,972,006 Net premiums written 2,936,750 2,719,668 11,972,096 10,954,467 Net income t.