For the quarter ended December 2023, W.R. Berkley (WRB - Free Report) reported revenue of $3.21 billion, up 9.4% over the same period last year. EPS came in at $1.45, compared to $1.16 in the year-ago quarter.
The reported revenue represents a surprise of +1.30% over the Zacks Consensus Estimate of $3.17 billion. With the consensus EPS estimate being $1.35, the EPS surprise was +7.41%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how W.R. Berkley performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Combined Ratio - Total: 88.4% versus 90.2% estimated by four analysts on average.
- Expense Ratio: 28.4% versus 28.4% estimated by four analysts on average.
- Loss Ratio - Insurance Segment (Underwriting Ratios): 60.8% compared to the 61.8% average estimate based on four analysts.
- Net investment income: $313.34 million compared to the $284.94 million average estimate based on four analysts. The reported number represents a change of +35.6% year over year.
- Net premiums earned: $2.71 billion compared to the $2.71 billion average estimate based on four analysts. The reported number represents a change of +8% year over year.
- Revenues from non-insurance businesses: $160.28 million versus the four-analyst average estimate of $169.61 million. The reported number represents a year-over-year change of -2.5%.
- Net investment gains (losses)- Net realized gains on investment sales: -$2.86 million versus $32.27 million estimated by three analysts on average.
- Other income (loss): $0.15 million versus the three-analyst average estimate of $0.93 million. The reported number represents a year-over-year change of -90.9%.
- Insurance service fees: $25.19 million versus the three-analyst average estimate of $28.95 million. The reported number represents a year-over-year change of -10.9%.
- Net premiums earned- Reinsurance: $331.99 million compared to the $320.78 million average estimate based on two analysts. The reported number represents a change of +8.4% year over year.
- Net premiums earned- Insurance: $2.38 billion compared to the $2.38 billion average estimate based on two analysts. The reported number represents a change of +8% year over year.
View all Key Company Metrics for W.R. Berkley here>>>Shares of W.R. Berkley have returned +9.5% over the past month versus the Zacks S&P 500 composite's +2.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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For the quarter ended December 2023, W.R. Berkley (WRB - Free Report) reported revenue of $3.21 billion, up 9.4% over the same period last year. EPS came in at $1.45, compared to $1.16 in the year-ago quarter.
The reported revenue represents a surprise of +1.30% over the Zacks Consensus Estimate of $3.17 billion. With the consensus EPS estimate being $1.35, the EPS surprise was +7.41%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how W.R. Berkley performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Combined Ratio - Total: 88.4% versus 90.2% estimated by four analysts on average.
- Expense Ratio: 28.4% versus 28.4% estimated by four analysts on average.
- Loss Ratio - Insurance Segment (Underwriting Ratios): 60.8% compared to the 61.8% average estimate based on four analysts.
- Net investment income: $313.34 million compared to the $284.94 million average estimate based on four analysts. The reported number represents a change of +35.6% year over year.
- Net premiums earned: $2.71 billion compared to the $2.71 billion average estimate based on four analysts. The reported number represents a change of +8% year over year.
- Revenues from non-insurance businesses: $160.28 million versus the four-analyst average estimate of $169.61 million. The reported number represents a year-over-year change of -2.5%.
- Net investment gains (losses)- Net realized gains on investment sales: -$2.86 million versus $32.27 million estimated by three analysts on average.
- Other income (loss): $0.15 million versus the three-analyst average estimate of $0.93 million. The reported number represents a year-over-year change of -90.9%.
- Insurance service fees: $25.19 million versus the three-analyst average estimate of $28.95 million. The reported number represents a year-over-year change of -10.9%.
- Net premiums earned- Reinsurance: $331.99 million compared to the $320.78 million average estimate based on two analysts. The reported number represents a change of +8.4% year over year.
- Net premiums earned- Insurance: $2.38 billion compared to the $2.38 billion average estimate based on two analysts. The reported number represents a change of +8% year over year.
View all Key Company Metrics for W.R. Berkley here>>>Shares of W.R. Berkley have returned +9.5% over the past month versus the Zacks S&P 500 composite's +2.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Just Released: Zacks Top 10 Stocks for 2024
Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential.
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