Nucor earnings beat by $0.08, revenue fell short of estimates
NEW YORK - W.R. Berkley Corporation (NYSE:WRB) reported first quarter 2025 results that showed strong revenue growth, though earnings fell slightly short of estimates. The property and casualty insurer’s shares rose 2.3% aftermarket following the release.
W.R. Berkley posted Q1 adjusted earnings per share of $1.01, missing analyst estimates of $1.05. Revenue came in at $3.01 billion, just below the $3.02 billion consensus estimate but up 10% YoY from $2.76 billion.
Net premiums written grew 10% to a record $3.13 billion in Q1. The company achieved a combined ratio of 90.9%, which included 3.7 percentage points of catastrophe losses.
"We achieved strong results in the first quarter of 2025 with a 19.9% annualized return on beginning-of-year common stockholders’ equity, despite significant first-quarter industry-wide catastrophe losses," said W.R. Berkley in its earnings release.
Net investment income increased 12.6% YoY to $360.3 million, benefiting from higher interest rates and growth in invested assets.
The company maintained a positive outlook, stating: "We are confident that we will continue to deliver outstanding value to shareholders over the remainder of 2025 and beyond."
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