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W.R. Berkley (WRB) Reports Q1 Earnings: What Key Metrics Have to Say

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For the quarter ended March 2026, W.R. Berkley (WRB - Free Report) reported revenue of $3.71 billion, up 5% over the same period last year. EPS came in at $1.30, compared to $1.01 in the year-ago quarter.

The reported revenue represents a surprise of -0.28% over the Zacks Consensus Estimate of $3.72 billion. With the consensus EPS estimate being $1.13, the EPS surprise was +15.04%.

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:
  • Loss ratio - Total: 62.1% versus 62.5% estimated by three analysts on average.
  • Expense Ratio - Total: 28.6% compared to the 28.4% average estimate based on three analysts.
  • Combined Ratio - Total: 90.7% versus 90.9% estimated by three analysts on average.
  • Loss ratio - Reinsurance & Monoline Excess: 48.3% versus 54.2% estimated by two analysts on average.
  • Expense ratio - Reinsurance & Monoline Excess: 30.3% versus the two-analyst average estimate of 29.1%.
  • Revenues from non-insurance businesses: $156.55 million versus the three-analyst average estimate of $132.99 million. The reported number represents a year-over-year change of +21.4%.
  • Insurance service fees: $28.23 million versus the three-analyst average estimate of $29.27 million. The reported number represents a year-over-year change of -2.4%.
  • Net premiums earned: $3.12 billion compared to the $3.19 billion average estimate based on three analysts. The reported number represents a change of +3.4% year over year.
  • Net investment income: $404.33 million compared to the $389.14 million average estimate based on three analysts. The reported number represents a change of +12.2% year over year.
  • Net premiums earned- Reinsurance & Monoline Excess: $349.68 million compared to the $384.19 million average estimate based on two analysts. The reported number represents a change of -5.5% year over year.
  • Other income (loss): $1.82 million versus $1.06 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +242% change.
  • Net premiums earned- Insurance: $2.77 billion versus $2.79 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +4.7% change.

View all Key Company Metrics for W.R. Berkley here>>>

Shares of W.R. Berkley have returned +1% over the past month versus the Zacks S&P 500 composite's +9.3% 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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