W.R. Berkley Corporation (WRB - Free Report) is slated to report second-quarter 2022 earnings on Jul 21 before market open. The insurer delivered an earnings surprise in each of the last four quarters, the average being 27.1%.
Factors to Consider
Gross premiums written in the second quarter of 2022 are likely to have benefited from strong performing short-tail lines, professional liability, commercial auto, other liability, workers' compensation as well as an increase in casualty reinsurance and monoline excess lines in the Reinsurance & Monoline Excess segments.
The Zacks Consensus Estimate for second-quarter 2022 premiums earned is pegged at $2.3 billion, indicating an increase of 18.6% from the year-ago quarter’s reported figure.
Higher income from investment funds, higher investment in bonds, increase from equity securities and increase in real estate are likely to have aided improvement in net investment income. However, a decrease in the arbitrage trading account and higher investment expenses are expected to have weighed on the upside.
The expense ratio is likely to have improved on higher net premiums earned surpassing compensation expense growth.
An accelerated share buyback is anticipated to have provided an additional boost to the bottom line.
Expenses are expected to have risen on higher losses and loss expenses, other operating costs and expenses and expenses from non-insurance businesses.
The Zacks Consensus Estimate for earnings is pegged at 84 cents, indicating a 7.7% increase from the year-ago quarter reported number.
What the Zacks Model Says
Our proven model does not conclusively predict an earnings beat for W.R. Berkley this time around. A stock needs to have the right combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). This is not the case as you can see below.
Earnings ESP: W.R. Berkley has an Earnings ESP of 0.00%. This is because both the Most Accurate Estimate and the Zacks Consensus Estimate are pegged at 84 cents. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: W.R. Berkley currently carries a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks to Consider
Some insurance stocks with the right combination of elements to deliver an earnings beat this time around are:
Argo Group International Holdings, Ltd. has an Earnings ESP of +2.98% and a Zacks Rank of 3. The Zacks Consensus Estimate for ARGO’s second-quarter earnings is pegged at $1.12, indicating a decrease of 30% from the year-ago reported figure.
ARGO delivered an earnings beat in all quarters of 2021.
CCC Intelligent Solutions Holdings Inc. (CCCS - Free Report) has an Earnings ESP of +4.35% and a Zacks Rank #3. The Zacks Consensus Estimate for CCC Intelligent Solutions’ second-quarter earnings is pegged at 8 cents, indicating a decrease of 99.5% from the year-ago reported figure.
CCCS beat earnings estimates in two of the three reported quarters of 2021 while missing in one.
Cincinnati Financial Corporation (CINF - Free Report) has an Earnings ESP of +2.86% and a Zacks Rank of 3. The Zacks Consensus Estimate for CINF’s second-quarter earnings is pegged at $1.05, indicating a decrease of 41.3% from the year-ago reported figure.
Cincinnati Financial beat earnings estimates in all quarters of 2021.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
4 Oil Stocks with Massive Upsides
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W.R. Berkley Corporation (WRB - Free Report) is slated to report second-quarter 2022 earnings on Jul 21 before market open. The insurer delivered an earnings surprise in each of the last four quarters, the average being 27.1%.
Factors to Consider
Gross premiums written in the second quarter of 2022 are likely to have benefited from strong performing short-tail lines, professional liability, commercial auto, other liability, workers' compensation as well as an increase in casualty reinsurance and monoline excess lines in the Reinsurance & Monoline Excess segments.
The Zacks Consensus Estimate for second-quarter 2022 premiums earned is pegged at $2.3 billion, indicating an increase of 18.6% from the year-ago quarter’s reported figure.
Higher income from investment funds, higher investment in bonds, increase from equity securities and increase in real estate are likely to have aided improvement in net investment income. However, a decrease in the arbitrage trading account and higher investment expenses are expected to have weighed on the upside.
The expense ratio is likely to have improved on higher net premiums earned surpassing compensation expense growth.
An accelerated share buyback is anticipated to have provided an additional boost to the bottom line.
Expenses are expected to have risen on higher losses and loss expenses, other operating costs and expenses and expenses from non-insurance businesses.
The Zacks Consensus Estimate for earnings is pegged at 84 cents, indicating a 7.7% increase from the year-ago quarter reported number.
What the Zacks Model Says
Our proven model does not conclusively predict an earnings beat for W.R. Berkley this time around. A stock needs to have the right combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). This is not the case as you can see below.
Earnings ESP: W.R. Berkley has an Earnings ESP of 0.00%. This is because both the Most Accurate Estimate and the Zacks Consensus Estimate are pegged at 84 cents. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: W.R. Berkley currently carries a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks to Consider
Some insurance stocks with the right combination of elements to deliver an earnings beat this time around are:
Argo Group International Holdings, Ltd. has an Earnings ESP of +2.98% and a Zacks Rank of 3. The Zacks Consensus Estimate for ARGO’s second-quarter earnings is pegged at $1.12, indicating a decrease of 30% from the year-ago reported figure.
ARGO delivered an earnings beat in all quarters of 2021.
CCC Intelligent Solutions Holdings Inc. (CCCS - Free Report) has an Earnings ESP of +4.35% and a Zacks Rank #3. The Zacks Consensus Estimate for CCC Intelligent Solutions’ second-quarter earnings is pegged at 8 cents, indicating a decrease of 99.5% from the year-ago reported figure.
CCCS beat earnings estimates in two of the three reported quarters of 2021 while missing in one.
Cincinnati Financial Corporation (CINF - Free Report) has an Earnings ESP of +2.86% and a Zacks Rank of 3. The Zacks Consensus Estimate for CINF’s second-quarter earnings is pegged at $1.05, indicating a decrease of 41.3% from the year-ago reported figure.
Cincinnati Financial beat earnings estimates in all quarters of 2021.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
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