Announcement • Jul 28
W. R. Berkley Corporation Announces Executive Changes, Effective July 27, 2026 W. R. Berkley Corporation announced the appointment of Daniel R. Westcott as executive vice president. Robert R. Coyne, Jr. will succeed Mr. Westcott as president of Berkley Re America. In addition, Robert C. Hewitt, executive vice president of the Company, has been named chairman of Berkley Re. The appointments are effective immediately. Mr. Westcott has nearly 30 years of experience in the property casualty reinsurance market. He joined Berkley Re America as president in 2019. Mr. Coyne joined Berkley in 2006 and became senior vice president of Berkley Re America in 2010. He has over 30 years of experience in the property casualty reinsurance business. Mr. Hewitt joined Berkley in 2002 as senior vice president for risk management and was named executive vice president of the Company in 2016. New Risk • Jul 23
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Jul 21
Second quarter 2026 earnings released: EPS: US$1.16 (vs US$1.01 in 2Q 2025) Second quarter 2026 results: EPS: US$1.16 (up from US$1.01 in 2Q 2025). Revenue: US$3.72b (up 1.2% from 2Q 2025). Net income: US$452.3m (up 13% from 2Q 2025). Profit margin: 12% (up from 11% in 2Q 2025). Revenue is forecast to stay flat during the next 3 years compared to a 5.6% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 29
W. R. Berkley Corporation Announces Resignation of Lucille Sgaglione as Executive Vice President, Effective June 30, 2026 W. R. Berkley Corporation announced that Lucille Sgaglione had informed the Company that she would resign from her position as Executive Vice President of the Company, effective June 30, 2026. Following her resignation as an executive officer, Ms. Sgaglione would continue to serve the Company on a part-time basis as Senior Advisor. Announcement • Jun 26
W. R. Berkley Corporation Announces Executive Changes W. R. Berkley Corporation announced the appointment of John Enright as president of Berkley Specialty London, effective July 1, 2026, subject to regulatory approval. Mr. Enright has nearly 20 years of experience in the insurance industry across strategy, operations, finance, and technology with a particular focus on the London and international markets. Most recently, he served as Berkley Specialty London’s chief operating officer. James Hastings, the outgoing president, will continue to serve in a corporate role at Berkley and support the transition. Announcement • Jun 23
W. R. Berkley Corporation to Report Q2, 2026 Results on Jul 20, 2026 W. R. Berkley Corporation announced that they will report Q2, 2026 results After-Market on Jul 20, 2026 Announcement • Jun 11
W. R. Berkley Corporation Announces Chairman Changes, Effective June 9, 2026 W. R. Berkley Corporation announced the passing of the Company's founder and Executive Chairman, William R. Berkley, on June 9, 2026. The Board of Directors appointed W. Robert Berkley, Jr., the Company's President and Chief Executive Officer, as Chairman, effective immediately. William R. Berkley founded the Company in 1967 and, over the course of nearly six decades, built it into a Fortune 500 company that is one of the world's leading commercial insurance organizations. W. Robert Berkley, Jr. was the President and Chief Executive Officer prior to being appointed as Chairman. Mr. Berkley founded the Company in 1967 and, over the course of nearly six decades, built it into a Fortune 500 company that is one of the world’s leading commercial insurance organizations. His vision, discipline, and unwavering commitment to an entrepreneurial culture focused on underwriting excellence and long-term results shaped the Company’s success and leaves an enduring imprint on both the Company and the insurance industry. He was a product of the American dream and had a strong desire to instill and support that dream in others. Declared Dividend • Jun 08
First quarter dividend of US$0.60 announced Shareholders will receive a dividend of US$0.60. Ex-date: 23rd June 2026 Payment date: 2nd July 2026 Dividend yield will be 2.8%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (8% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 29% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 10.0% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 24
W. R. Berkley Corporation, Annual General Meeting, Jun 03, 2026 W. R. Berkley Corporation, Annual General Meeting, Jun 03, 2026. Announcement • Mar 27
W. R. Berkley Corporation to Report Q1, 2026 Results on Apr 21, 2026 W. R. Berkley Corporation announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on Apr 21, 2026 Announcement • Mar 10
W. R. Berkley Corporation Announces the Appointment of Ryan Miller as President of Berkley Southeast, Effective March 9, 2026 W. R. Berkley Corporation announced the appointment of Ryan Miller as president of Berkley Southeast, effective March 9, 2026. Mr. Miller has more than 25 years of progressive leadership experience in commercial insurance operations, underwriting, and field management. He most recently served as senior vice president and chief field operations manager at a large, regional carrier with accountability for growth, profitability, and operational excellence. He has spent his entire career working to provide customers across the southeastern United States with solutions for their commercial insurance needs, and brings a unique skillset comprised of local knowledge, local relationships, and a passion for exceeding customer expectations to Berkley Southeast. Announcement • Feb 14
W. R. Berkley Corporation Declares Regular Quarterly Cash Dividend, Payable on March 4, 2026 W. R. Berkley Corporation announced that its Board of Directors has declared a regular quarterly cash dividend on its common stock of 9 cents per share to be paid on March 4, 2026 to stockholders of record at the close of business on February 23, 2026. Announcement • Jan 07
W. R. Berkley Corporation to Report Q4, 2025 Results on Jan 26, 2026 W. R. Berkley Corporation announced that they will report Q4, 2025 results After-Market on Jan 26, 2026 Announcement • Jan 02
W. R. Berkley Corporation Announces Executive Changes, Effective January 2, 2026 W. R. Berkley Corporation announced that Lee Iannarone has been named executive vice president. He is succeeded by Stephen Kennedy, who has been named senior vice president and general counsel. The appointments are effective January 2, 2026. Mr. Iannarone began his tenure with the Company in 2023 as senior vice president and general counsel. In his new role, he will assume oversight of certain of the Company’s businesses. He has more than 25 years of experience and previously served as general counsel and chief compliance officer for an internationally recognized (re)insurer. Mr. Kennedy joined W. R. Berkley Corporation as vice president - senior counsel in 2020. He has extensive experience in insurance and reinsurance transactions, regulatory and compliance matters, corporate governance, and dispute resolution. Prior to joining Berkley, he served as a senior equity partner at an international law firm, vice president – litigation & claims counsel at a leading domestic reinsurance company, and as a litigation associate at another international law firm. Announcement • Sep 22
W. R. Berkley Corporation to Report Q3, 2025 Results on Oct 20, 2025 W. R. Berkley Corporation announced that they will report Q3, 2025 results After-Market on Oct 20, 2025 Announcement • Sep 11
W. R. Berkley Corporation Declares Regular Quarterly Cash Dividend, Payable on September 30,2025 W. R. Berkley Corporation announced that its Board of Directors has declared a regular quarterly cash dividend on its common stock of 9 cents per share to be paid on September 30,2025 to stockholders of record at the close of business on September 22, 2025. Announcement • Aug 20
W. R. Berkley Corporation Appoints Jamie Secor as President of Berkley Edge W. R. Berkley Corporation announced the formation of Berkley Edge, a new business dedicated to providing professional liability and casualty insurance for small to mid-sized businesses. Jamie Secor has been named president of the new business. During her 25-year career in the insurance industry, Ms. Secor has held various executive and leadership positions, having most recently served as chief underwriting officer at a respected specialty lines property and casualty insurance company. She has an extensive background in underwriting and finding solutions for hard-to-place risks. Announcement • Jul 22
Berkley One Classics Introduces A Redesigned Product and Lower Rates in Georgia Berkley One announced that Berkley One Classics has introduced new policy and pricing updates for the Georgia market. Rate reductions have been implemented on multi-car and low-deductible accounts, complemented by expanded multi-car discounts to include new savings for accounts with two or more collector vehicles. The updated policy form expands the coverage window for Newly Acquired Vehicles from 30 to 60 days, eliminates the vermin exclusion, and adds Disaster Relocation coverage of up to $500 per vehicle, with a $5,000 cap per policy period. Two new optional endorsements are also now available: Salvage Value, which allows retention of savings up to $50,000 following a total covered loss, and One Value, which bundles coverage for car covers, tools, documents, personal effects, and post-loss trailering. These enhancements mark Berkley One Classics' 51st year with continued investment in coverage flexibility and collector-focused service. Announcement • Jun 24
W. R. Berkley Corporation to Report Q2, 2025 Results on Jul 21, 2025 W. R. Berkley Corporation announced that they will report Q2, 2025 results After-Market on Jul 21, 2025 Announcement • Apr 16
W. R. Berkley Corporation, Annual General Meeting, Jun 11, 2025 W. R. Berkley Corporation, Annual General Meeting, Jun 11, 2025. Location: 475 steamboat road, greenwich, connecticut, United States Announcement • Apr 04
W. R. Berkley Corporation Announces Executive Changes W. R. Berkley Corporation announced the appointment of Michael G. MacMullin as president of Berkley Luxury Group. He succeeds Shadi Albert, who remains a key member of the W. R. Berkley Corporation team. The appointment is effective immediately. Mr. MacMullin joins Berkley Luxury Group with more than 25 years of wide-ranging property and casualty insurance industry experience. He has held multiple leadership positions in the commercial insurance space, most recently leading all aspects of strategic portfolio initiatives and the product management lifecycle at a large U.S. insurance group. He has a long, accomplished history of driving sustained strong performance and positioning operations for profitable growth. Announcement • Mar 26
W. R. Berkley Corporation to Report Q1, 2025 Results on Apr 21, 2025 W. R. Berkley Corporation announced that they will report Q1, 2025 results After-Market on Apr 21, 2025 Announcement • Mar 07
W. R. Berkley Corporation Appoints Heath Kidd as Executive Vice President W. R. Berkley Corporation announced the appointment of Heath Kidd as executive vice president. The appointment is effective immediately. Mr. Kidd joins Berkley with more than 30 years of experience in the property casualty insurance industry with leadership roles across various disciplines, including strategy, underwriting, risk control, product development, claims, and analytics. He most recently served as vice president of industry practices for the North American underwriting office of a major national carrier. Announcement • Mar 03
W. R. Berkley Corporation Appoints Stephanie Lloyd as President of Berkley Embedded Solutions W. R. Berkley Corporation announced the formation of Berkley Embedded Solutions to deliver tailored insurance products and services to customers at the point of purchase. This new business will bring together the best of modern technology, purpose-built digital-first insurance products, and complementary services with Berkley’s strong underwriting culture and reach. Stephanie Lloyd has been named president of the new business, effective immediately. Ms. Lloyd joins Berkley with 20 years of experience in the property and casualty insurance business, with leadership roles that spanned underwriting, product development, and distribution. She most recently led a successful global technology company in the digital health and well-being space, serving as its chief executive officer. Announcement • Feb 22
W. R. Berkley Corporation Declares Regular Quarterly Cash Dividend, Payable on March 12, 2025 W. R. Berkley Corporation announced 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. Announcement • Jan 08
W. R. Berkley Corporation to Report Q4, 2024 Results on Jan 27, 2025 W. R. Berkley Corporation announced that they will report Q4, 2024 results After-Market on Jan 27, 2025 Reported Earnings • Oct 22
Third quarter 2024 earnings released: EPS: US$0.92 (vs US$0.83 in 3Q 2023) Third quarter 2024 results: EPS: US$0.92 (up from US$0.83 in 3Q 2023). Revenue: US$3.40b (up 12% from 3Q 2023). Net income: US$365.6m (up 9.6% from 3Q 2023). Profit margin: 11% (in line with 3Q 2023). Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 30
W. R. Berkley Corporation to Report Q3, 2024 Results on Oct 21, 2024 W. R. Berkley Corporation announced that they will report Q3, 2024 results at 4:00 PM, US Eastern Standard Time on Oct 21, 2024 Declared Dividend • Sep 16
Second quarter dividend of US$0.33 announced Shareholders will receive a dividend of US$0.33. Ex-date: 23rd September 2024 Payment date: 30th September 2024 Dividend yield will be 3.0%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (8% earnings payout ratio) and cash flows (8% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 14% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Sep 12
W. R. Berkley Corp. Names Antonio Q. L. Rhodes President of Berkley Mid-Atlantic Insurance Group W. R. Berkley Corp. has reported the appointment of Antonio Q. L. Rhodes as president of Berkley Mid-Atlantic Insurance Group (BMAG), a Berkley company. Rhodes is an accomplished insurance executive with nearly 20 years of property and casualty insurance industry experience. He most recently served as executive vice president and head of property & casualty for a leading agency network and brokerage firm with countrywide responsibility for programs, central placement, and large and complex insurance. Reported Earnings • Jul 23
Second quarter 2024 earnings released: EPS: US$0.93 (vs US$0.88 in 2Q 2023) Second quarter 2024 results: EPS: US$0.93 (up from US$0.88 in 2Q 2023). Revenue: US$3.31b (up 11% from 2Q 2023). Net income: US$371.9m (up 4.4% from 2Q 2023). Profit margin: 11% (in line with 2Q 2023). Revenue is forecast to grow 1.0% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 19% per year. Announcement • Jun 27
W. R. Berkley Corporation to Report Q2, 2024 Results on Jul 22, 2024 W. R. Berkley Corporation announced that they will report Q2, 2024 results After-Market on Jul 22, 2024 Declared Dividend • Jun 17
First quarter dividend of US$0.62 announced Shareholders will receive a dividend of US$0.62. Ex-date: 24th June 2024 Payment date: 28th June 2024 Dividend yield will be 2.6%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (8% earnings payout ratio) and cash flows (12% cash payout ratio). The dividend has increased by an average of 23% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 16% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 14
W. R. Berkley Corporation Approves the Appointment of Marie A. Mattson as Director W. R. Berkley Corporation at its AGM held on June 12, 2024, approved the appointment of Marie A. Mattson as director until respective successors are duly elected and qualified, unless sooner displaced. New Risk • May 05
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.9% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. Announcement • Apr 28
W. R. Berkley Corporation, Annual General Meeting, Jun 12, 2024 W. R. Berkley Corporation, Annual General Meeting, Jun 12, 2024, at 13:30 US Eastern Standard Time. Location: offices at 475 Steamboat Road, Greenwich Greenwich Connecticut United States Agenda: To elect as directors to serve until their successors are duly elected and qualified the six nominees named in the accompanying proxy statement; o ratify the appointment of KPMG LLP as the independent registered public accounting firm for the Company for the fiscal year ending December 31, 2024; and to discuss other matters. Reported Earnings • Apr 24
First quarter 2024 earnings released: EPS: US$1.65 (vs US$1.07 in 1Q 2023) First quarter 2024 results: EPS: US$1.65 (up from US$1.07 in 1Q 2023). Revenue: US$3.26b (up 13% from 1Q 2023). Net income: US$442.5m (up 50% from 1Q 2023). Profit margin: 14% (up from 10% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 20% per year. Announcement • Mar 27
W. R. Berkley Corporation to Report Q1, 2024 Results on Apr 23, 2024 W. R. Berkley Corporation announced that they will report Q1, 2024 results Pre-Market on Apr 23, 2024 Reported Earnings • Feb 26
Full year 2023 earnings released: EPS: US$5.10 (vs US$4.99 in FY 2022) Full year 2023 results: EPS: US$5.10 (up from US$4.99 in FY 2022). Revenue: US$12.1b (up 8.7% from FY 2022). Net income: US$1.38b (flat on FY 2022). Profit margin: 11% (down from 12% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 24
W. R. Berkley Corporation Declares Regular Quarterly Cash Dividend, Payable on March 13,2024 W. R. Berkley Corporation announced that its Board of Directors has declared a regular quarterly cash dividend on its common stock of 11 cents per share to be paid on March 13,2024 to stockholders of record at the close of business on March 4, 2024. Reported Earnings • Jan 25
Full year 2023 earnings released: EPS: US$5.10 (vs US$4.99 in FY 2022) Full year 2023 results: EPS: US$5.10 (up from US$4.99 in FY 2022). Revenue: US$12.1b (up 8.7% from FY 2022). Net income: US$1.38b (flat on FY 2022). Profit margin: 11% (down from 12% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 05
W. R. Berkley Corporation to Report Q4, 2023 Results on Jan 24, 2024 W. R. Berkley Corporation announced that they will report Q4, 2023 results After-Market on Jan 24, 2024 Announcement • Dec 15
W. R. Berkley Corporation Announces Executive Changes W. R. Berkley Corporation announced the appointment of Mark Schuermann as president of Berkley Entertainment, a Berkley company. He succeeds Cindy Broschart, who has been named chair of the business. The appointments are effective immediately. Mr. Schuermann joined Berkley Entertainment as chief operating officer in 2021. Prior to joining Berkley Entertainment, he had an extensive career at a leading diversified media company, where he provided executive leadership across their financial and risk management disciplines. Ms. Broschart was named president of Berkley Entertainment upon its formation in 2004. Under her leadership, the business has grown to become a leading provider of insurance coverage solutions for the entertainment industry. As chair, she will support the Berkley Entertainment team through the transition and remain a key member of the W. R. Berkley Corporation team. Announcement • Nov 15
W. R. Berkley Corporation Names Christopher H. Balch President of Berkley Technology Underwriters W. R. Berkley Corporation announced the appointment of Christopher H. Balch as president of Berkley Technology Underwriters, a Berkley company. He succeeds Matthew A. Mueller, who has been named chairman of the business. The appointments are effective immediately. Mr. Balch joins Berkley Technology Underwriters with nearly 20 years of experience in the property and casualty insurance industry. He has extensive leadership experience, most recently in insurance distribution. His prior experience includes various technical and management roles at a leading national insurance company with a particular focus in the commercial insurance market. Mr. Mueller joined Berkley as president of Berkley Technology Underwriters when it was formed in 2011. Under his leadership, the business has grown to become an important participant in the market for technology coverages. As chairman, he will support the Berkley Technology Underwriters team through the transition and remain a key member of the W. R. Berkley Corporation team. Reported Earnings • Oct 24
Third quarter 2023 earnings released: EPS: US$1.24 (vs US$0.83 in 3Q 2022) Third quarter 2023 results: EPS: US$1.24 (up from US$0.83 in 3Q 2022). Revenue: US$3.03b (up 11% from 3Q 2022). Net income: US$333.6m (up 46% from 3Q 2022). Profit margin: 11% (up from 8.4% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Announcement • Oct 01
W. R. Berkley Corporation Names John J. Forte President of Berkley Public Entity W. R. Berkley Corporation announced the appointment of John J. Forte as president of Berkley Public Entity. Mr. Forte joined Berkley Public Entity as senior vice president, chief underwriting officer and chief operating officer in 2018. He has over 20 years of experience in the property and casualty insurance industry, where he has served in various technical and leadership roles with a particular focus in the public entity insurance market. Announcement • Sep 26
W. R. Berkley Corporation to Report Q3, 2023 Results on Oct 23, 2023 W. R. Berkley Corporation announced that they will report Q3, 2023 results After-Market on Oct 23, 2023 Announcement • Aug 15
W. R. Berkley Corporation Appoints Lee Iannarone as Senior Vice President and General Counsel W. R. Berkley Corporation announced that Lee Iannarone has been named senior vice president and general counsel. The appointment is effective immediately. He succeeds Philip S. Welt, who will continue to serve as executive vice president and secretary. In this role, Mr. Iannarone will report to Mr. Welt and be responsible for the legal affairs of the Company. Mr. Iannarone has nearly 25 years of legal experience and most recently served as general counsel and chief compliance officer for an internationally recognized (re)insurer. Reported Earnings • Jul 21
Second quarter 2023 earnings released: EPS: US$1.32 (vs US$0.65 in 2Q 2022) Second quarter 2023 results: EPS: US$1.32 (up from US$0.65 in 2Q 2022). Revenue: US$3.00b (up 19% from 2Q 2022). Net income: US$356.3m (up 99% from 2Q 2022). Profit margin: 12% (up from 7.1% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Jun 28
W. R. Berkley Corporation to Report Q2, 2023 Results on Jul 20, 2023 W. R. Berkley Corporation announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on Jul 20, 2023 Announcement • Jun 15
W. R. Berkley Corporation Increases Regular Cash Dividend, Payable on June 30, 2023 W. R. Berkley Corporation announced that its Board of Directors has voted to increase the regular cash dividend to an annual rate of 44 cents per share, representing a 10% increase from the present rate. The first regular quarterly dividend at the new rate of 11 cents per share will be paid on June 30, 2023 to stockholders of record at the close of business on June 26, 2023. Reported Earnings • Apr 21
First quarter 2023 earnings released: EPS: US$1.07 (vs US$2.13 in 1Q 2022) First quarter 2023 results: EPS: US$1.07 (down from US$2.13 in 1Q 2022). Revenue: US$2.90b (flat on 1Q 2022). Net income: US$294.1m (down 50% from 1Q 2022). Profit margin: 10% (down from 20% in 1Q 2022). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: US$4.99 (vs US$3.69 in FY 2021) Full year 2022 results: EPS: US$4.99 (up from US$3.69 in FY 2021). Revenue: US$11.2b (up 18% from FY 2021). Net income: US$1.38b (up 35% from FY 2021). Profit margin: 12% (up from 11% in FY 2021). The increase in margin was driven by higher revenue. Combined ratio: 89.3% (down from 89.6% in FY 2021). Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jan 27
Full year 2022 earnings released: EPS: US$4.99 (vs US$3.69 in FY 2021) Full year 2022 results: EPS: US$4.99 (up from US$3.69 in FY 2021). Revenue: US$11.2b (up 18% from FY 2021). Net income: US$1.38b (up 35% from FY 2021). Profit margin: 12% (up from 11% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 4.2% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Jan 10
W. R. Berkley Corporation to Report Q4, 2022 Results on Jan 26, 2023 W. R. Berkley Corporation announced that they will report Q4, 2022 results After-Market on Jan 26, 2023 Announcement • Jan 04
W. R. Berkley Corporation Declares Special Cash Dividend, Payable on January 24, 2023 W. R. Berkley Corporation announced that its Board of Directors has declared a special cash dividend on its common stock of 50 cents per share to be paid on January 24, 2023 to stockholders of record at the close of business on January 13, 2023. Reported Earnings • Oct 25
Third quarter 2022 earnings released: EPS: US$0.83 (vs US$0.94 in 3Q 2021) Third quarter 2022 results: EPS: US$0.83 (down from US$0.94 in 3Q 2021). Revenue: US$2.72b (up 12% from 3Q 2021). Net income: US$228.9m (down 12% from 3Q 2021). Profit margin: 8.4% (down from 11% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Aug 04
Independent Director recently bought €362k worth of stock On the 1st of August, Mark Brockbank bought around 6k shares on-market at roughly €60.32 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €1.4m more in shares than they bought in the last 12 months. Reported Earnings • Jul 23
Second quarter 2022 earnings released: EPS: US$0.65 (vs US$0.85 in 2Q 2021) Second quarter 2022 results: EPS: US$0.65 (down from US$0.85 in 2Q 2021). Revenue: US$2.51b (up 9.4% from 2Q 2021). Net income: US$179.3m (down 24% from 2Q 2021). Profit margin: 7.1% (down from 10% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 4.4% compared to a 22% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: US$2.13 (vs US$0.83 in 1Q 2021) First quarter 2022 results: EPS: US$2.13 (up from US$0.83 in 1Q 2021). Revenue: US$2.92b (up 35% from 1Q 2021). Net income: US$590.6m (up 157% from 1Q 2021). Profit margin: 20% (up from 11% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 5.9% compared to a 19% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 28
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$5.53 (up from US$2.84 in FY 2020). Revenue: US$9.46b (up 17% from FY 2020). Net income: US$1.02b (up 93% from FY 2020). Profit margin: 11% (up from 6.6% in FY 2020). The increase in margin was driven by higher revenue. Combined ratio: 89.6% (down from 94.9% in FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to stay flat compared to a 17% growth forecast for the insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 16% per year. Reported Earnings • Jan 28
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$5.53 (up from US$2.84 in FY 2020). Revenue: US$9.46b (up 17% from FY 2020). Net income: US$1.02b (up 93% from FY 2020). Profit margin: 11% (up from 6.6% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is expected to shrink by 3.0% compared to a 14% growth forecast for the insurance industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year and the company’s share price has also increased by 17% per year. Upcoming Dividend • Nov 29
Upcoming dividend of US$1.13 per share Eligible shareholders must have bought the stock before 06 December 2021. Payment date: 22 December 2021. Trailing yield: 0.6%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (4.4%). Reported Earnings • Oct 22
Third quarter 2021 earnings released: EPS US$1.41 (vs US$0.82 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$2.42b (up 19% from 3Q 2020). Net income: US$261.3m (up 72% from 3Q 2020). Profit margin: 11% (up from 7.4% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 07
Upcoming dividend of US$0.13 per share Eligible shareholders must have bought the stock before 14 September 2021. Payment date: 29 September 2021. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (4.3%). Reported Earnings • Jul 24
Second quarter 2021 earnings released: EPS US$1.28 (vs US$0.38 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$2.30b (up 19% from 2Q 2020). Net income: US$237.2m (up 233% from 2Q 2020). Profit margin: 10% (up from 3.7% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Reported Earnings • Apr 24
First quarter 2021 earnings released: EPS US$1.24 (vs US$0.023 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$2.16b (up 19% from 1Q 2020). Net income: US$229.5m (up US$233.9m from 1Q 2020). Profit margin: 11% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 02
Upcoming Dividend of US$0.12 Per Share Will be paid on the 24th of March to those who are registered shareholders by the 9th of March. The trailing yield of 0.7% is below the top quartile of German dividend payers (3.4%), and is lower than industry peers (4.4%). Is New 90 Day High Low • Feb 25
New 90-day high: €56.50 The company is up 4.0% from its price of €54.50 on 27 November 2020. The German market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Insurance industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €72.94 per share. Reported Earnings • Feb 20
Full year 2020 earnings released: EPS US$2.84 (vs US$3.58 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: US$8.10b (up 2.5% from FY 2019). Net income: US$530.7m (down 22% from FY 2019). Profit margin: 6.6% (down from 8.6% in FY 2019). The decrease in margin was driven by higher expenses. Combined ratio: 94.9% (up from 93.8% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Jan 29
New 90-day low: €50.50 The company is down 2.0% from its price of €51.50 on 30 October 2020. The German market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €76.58 per share. Reported Earnings • Jan 28
Full year 2020 earnings released: EPS US$2.84 (vs US$3.58 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: US$8.10b (up 2.5% from FY 2019). Net income: US$530.7m (down 22% from FY 2019). Profit margin: 6.6% (down from 8.6% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Upcoming Dividend • Dec 07
Upcoming Dividend of US$0.12 Per Share Will be paid on the 29th of December to those who are registered shareholders by the 14th of December. The trailing yield of 0.7% is below the top quartile of German dividend payers (3.6%), and is lower than industry peers (4.5%). Is New 90 Day High Low • Nov 11
New 90-day high: €59.00 The company is up 9.0% from its price of €54.00 on 12 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €55.98 per share. Reported Earnings • Nov 07
Third quarter 2020 earnings released: EPS US$0.82 The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: US$2.04b (up 3.8% from 3Q 2019). Net income: US$151.7m (down 8.2% from 3Q 2019). Profit margin: 7.4% (down from 8.4% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Oct 24
New 90-day high: €55.50 The company is up 1.0% from its price of €55.00 on 24 July 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is down 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €56.87 per share. Reported Earnings • Oct 22
Third quarter earnings released Over the last 12 months the company has reported total profits of US$337.8m, down 51% from the prior year. Total revenue was US$7.76b over the last 12 months, down 1.5% from the prior year. Announcement • Sep 25
W. R. Berkley Corporation to Report Q3, 2020 Results on Oct 20, 2020 W. R. Berkley Corporation announced that they will report Q3, 2020 results on Oct 20, 2020 Announcement • Jul 17
W. R. Berkley Corporation Provides Earnings Guidance Fore the Second Quarter of 2020 W. R. Berkley Corporation provided earnings guidance fore the second quarter of 2020. The expects to report net catastrophe losses in the second quarter of 2020 of approximately $145 million, before tax. The Company's loss estimate includes $85 million for COVID-19 related losses, $20 million for losses related to civil unrest and $40 million primarily attributable to severe weather-related events in the U.S. The Company also anticipates that net premiums written in the second quarter of 2020 will be comparable to the second quarter of 2019, despite the economic downturn. Announcement • Jul 01
W. R. Berkley Corporation to Report Q2, 2020 Results on Jul 21, 2020 W. R. Berkley Corporation announced that they will report Q2, 2020 results at 5:00 PM, Eastern Standard Time on Jul 21, 2020 
