We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
W.R. Berkley (WRB) Reports Q1 Earnings: What Key Metrics Have to Say (Revised)
Read MoreHide Full Article
For the quarter ended March 2024, W.R. Berkley (WRB - Free Report) reported revenue of $3.23 billion, up 12.5% over the same period last year. EPS came in at $1.56, compared to $1.00 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $3.23 billion, representing a surprise of +0.18%. The company delivered an EPS surprise of +6.85%, with the consensus EPS estimate being $1.46.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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: 88.8% versus the four-analyst average estimate of 90%.
Expense Ratio: 28.6% versus the four-analyst average estimate of 28.7%.
Loss Ratio - Insurance Segment (Underwriting Ratios): 61.8% versus the four-analyst average estimate of 61.4%.
Net investment income: $319.84 million versus the four-analyst average estimate of $305.38 million. The reported number represents a year-over-year change of +43.2%.
Net premiums earned: $2.76 billion compared to the $2.75 billion average estimate based on four analysts. The reported number represents a change of +11% year over year.
Revenues from non-insurance businesses: $120.99 million versus $130.25 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -2.6% change.
Net investment gains (losses)- Net realized gains on investment sales: $11.50 million compared to the $33.87 million average estimate based on three analysts. The reported number represents a change of -49.1% year over year.
Other income (loss): $0.50 million compared to the $0.12 million average estimate based on three analysts. The reported number represents a change of +363.6% year over year.
Insurance service fees: $25.32 million versus the three-analyst average estimate of $32.63 million. The reported number represents a year-over-year change of -22.9%.
Net premiums earned- Reinsurance: $365.58 million versus $318.10 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +18.1% change.
Net premiums earned- Insurance: $2.40 billion compared to the $2.40 billion average estimate based on two analysts. The reported number represents a change of +9.9% year over year.
Shares of W.R. Berkley have returned -3.8% over the past month versus the Zacks S&P 500 composite's -4.2% 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.
(We are reissuing this article to correct a mistake. The original article, issued earlier today, should no longer be relied upon.)
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
W.R. Berkley (WRB) Reports Q1 Earnings: What Key Metrics Have to Say (Revised)
For the quarter ended March 2024, W.R. Berkley (WRB - Free Report) reported revenue of $3.23 billion, up 12.5% over the same period last year. EPS came in at $1.56, compared to $1.00 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $3.23 billion, representing a surprise of +0.18%. The company delivered an EPS surprise of +6.85%, with the consensus EPS estimate being $1.46.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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:
View all Key Company Metrics for W.R. Berkley here>>>
Shares of W.R. Berkley have returned -3.8% over the past month versus the Zacks S&P 500 composite's -4.2% 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.
(We are reissuing this article to correct a mistake. The original article, issued earlier today, should no longer be relied upon.)