W. R. Berkley Corporation Reports Third Quarter 2026 Results
Key Highlights
- ➤Operating income $456.5 million, up 6.4% per share to $1.17
- ➤Insurance pre-tax underwriting income grew 10.6% to $237.7 million
- ➤Net investment income rose to $383.5 million, core portfolio up 12.0%
- ➤Gross premiums written increased 4.9% and net premiums written 3.2%
- ➤Operating return on equity reached 18.8%; reported combined ratio was 90.8%
Expert Statements
W. Robert Berkley, Jr., Chairman, chief executive officer, and president of W. R. Berkley Corporation
“The Company delivered another excellent quarter, generating an annualized 18.8% operating return on beginning-of-year stockholders’ equity.”
W. Robert Berkley, Jr., Chairman, chief executive officer, and president of W. R. Berkley Corporation
“These results demonstrate the continuing strength in how we manage our specialty insurance underwriting, as well as our investment portfolio.”
W. Robert Berkley, Jr., Chairman, chief executive officer, and president of W. R. Berkley Corporation
“Our underwriting results have consistently been outstanding due to our unwavering commitment to rate adequacy and attention to terms and conditions.”
W. Robert Berkley, Jr., Chairman, chief executive officer, and president of W. R. Berkley Corporation
“As the cycles for various product lines have decoupled, the breadth of our offering through our 60 specialty businesses allows for greater stability.”
W. Robert Berkley, Jr., Chairman, chief executive officer, and president of W. R. Berkley Corporation
“Our long-term view and disciplined approach produced a strong 88.1% accident year combined ratio, excluding catastrophe losses.”
W. Robert Berkley, Jr., Chairman, chief executive officer, and president of W. R. Berkley Corporation
“Our investment portfolio continues to be a great contributor to our economic model, with the domestic fixed-maturity portfolio serving as the primary driver.”
W. Robert Berkley, Jr., Chairman, chief executive officer, and president of W. R. Berkley Corporation
“The credit quality of our portfolio remains excellent, with an average strong AA- rating, and reinvestment yields continue to meaningfully exceed our portfolio’s book yield.”
W. Robert Berkley, Jr., Chairman, chief executive officer, and president of W. R. Berkley Corporation
“Our disciplined approach to capital management remains unchanged.”
W. Robert Berkley, Jr., Chairman, chief executive officer, and president of W. R. Berkley Corporation
“The strong prevailing interest rate tailwind has set investment income on a path to greater earnings contributions, and greater utilization of technology is enabling us to further leverage our underwriting and claims expertise.”
W. Robert Berkley, Jr., Chairman, chief executive officer, and president of W. R. Berkley Corporation
“We believe we remain well-positioned to continue delivering attractive long-term risk-adjusted returns and creating long-term value for our shareholders.”
Return on Equity of 18.4% and Operating Return on Equity of 18.8%;
Pre-Tax Underwriting Income for the Insurance Segment Grew 10.6%;
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