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W R Berkley Corp  (WRB)
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Price: $82.1200 $0.12 0.146%
Day's High: $82.65 Week Perf: -2.16 %
Day's Low: $ 81.78 30 Day Perf: -3.94 %
Volume (M): 1,051 52 Wk High: $ 89.19
Volume (M$): $ 86,283 52 Wk Avg: $68.47
Open: $82.41 52 Wk Low: $55.50



 Market Capitalization (Millions $) 22,463
 Shares Outstanding (Millions) 274
 Employees 7,681
 Revenues (TTM) (Millions $) 12,143
 Net Income (TTM) (Millions $) 1,384
 Cash Flow (TTM) (Millions $) -86
 Capital Exp. (TTM) (Millions $) 0

W R Berkley Corp
W. R. Berkley Corporation is an insurance holding company that is among the largest commercial lines writers in the United States. It operates in the following segments of the property casualty insurance business:

Insurance-Domestic - commercial insurance business, including excess and surplus lines and admitted lines, primarily throughout the United States;

Insurance-International - insurance business primarily in the United Kingdom, Continental Europe, South America, Canada, Scandinavia, Asia, and Australia; and

Reinsurance-Global - reinsurance business on a facultative and treaty basis, primarily in the United States, United Kingdom, Continental Europe, Australia, the Asia-Pacific Region, and South Africa.


Each of our three business segments is composed of individual operating units that serve a market defined by geography, products, services or types of customers. Each of our operating units is positioned close to its customer base and participates in a niche market requiring specialized knowledge about a territory or product. This strategy of decentralized operations allows each of our units to identify and respond quickly and effectively to changing market conditions and local customer needs, while capitalizing on the benefits of centralized capital, investment and reinsurance management, and corporate actuarial, financial, enterprise risk management and legal staff support.

Twenty-seven of our twenty-eight insurance company subsidiaries rated by A.M. Best Company, Inc. (“A.M. Best”) have ratings of A+ (Superior) (the second highest rating out of 15 possible ratings), and one is rated A (Excellent) (the third highest rating). A.M. Bests ratings are based upon factors of concern to policyholders, insurance agents and brokers and are not directed toward the protection of investors. A.M. Best states: “The Financial Strength Rating opinion addresses the relative ability of an insurer to meet its ongoing insurance obligations. The ratings are not assigned to specific insurance policies or contracts and do not address any other risk.” A.M. Best reviews its ratings on a periodic basis, and its ratings of the Companys subsidiaries are therefore subject to change.

Excess & Surplus Lines: A number of our Insurance-Domestic operating units are dedicated to the excess and surplus lines market. They serve a highly diverse group of customers that often have complex risk or unique exposures that typically fall outside the underwriting guidelines of the standard insurance market. Lines of business underwritten by our excess and surplus lines operating units include premises operations, commercial automobile, property, products liability and professional liability lines. Products are generally distributed through wholesale agents and brokers.

Industry Specialty: Certain other operating units focus on providing specialty coverages to customers within a particular industry that are best served by underwriters and claims professionals with specialized knowledge of that industry. They offer multiple lines of business with policies tailored to address these unique exposures, often with the flexibility of providing coverages on either an admitted or a non-admitted basis. Each operating unit delivers its products through one or more distribution channels, including retail and wholesale agents, brokers, and managing general agents (MGAs), depending on the customer and the particular risks insured.

Product Specialty: Other operating units in this segment specialize in providing specific lines of insurance coverage, such as workers’ compensation or professional liability, to a wide range of customers. They offer insurance products, analytical tools and risk management services such as loss control and claims management that enable clients to manage their risk appropriately. Business is typically written on an admitted basis, although some units may offer non-admitted products. Independent agents and brokers are the primary means of distribution.

Regional: Certain Insurance-Domestic operating units offer standard insurance products and services through operating units focused on meeting the specific needs of a regionally differentiated customer base. Key clients of these units are small-to-midsized businesses. These regionally focused operating units provide a broad array of commercial insurance products to customers primarily in 45 states and the District of Columbia and have developed expertise in niches that drive local communities. They are organized geographically in order to provide them with the flexibility to adapt quickly to local market conditions and customer needs. Business is sold through non-exclusive independent agents who are compensated on a commission basis.

In addition to providing insurance products, certain operating units also provide a wide variety of fee-based services, including claims, administrative and consulting services.


Operating units comprising the Insurance-Domestic segment are as follows:
Acadia Insurance is a Northeast regional property casualty underwriter offering a broad portfolio of products exclusively through local independent agents in Connecticut, Maine, Massachusetts, New Hampshire, New York and Vermont. In addition to its general offerings, Acadia has specialized expertise in insuring regional businesses and industries such as construction, lumber and fishing.


Admiral Insurance provides excess and surplus lines coverage for commercial risks that generally consist of hard-to- place, specialized risks that involve moderate to high degrees of hazard. Its lines of business include general liability, professional liability, property, and excess and umbrella coverage. Admirals professional liability and program operations include special coverages for technology, ambulatory surgery centers, chiropractors and concierge physicians. Its products are distributed exclusively by wholesale brokers.

American Mining Insurance offers workers compensation insurance as well as general liability, automobile, and excess liability coverages to a broad range of firms within the mining and aggregate industries in the United States.


Berkley Accident and Health underwrites accident and health insurance and reinsurance products in four primary areas: medical stop loss, managed care, special risk and group captive. It has a diversified product and service portfolio serving a range of clients from small employers, health care organizations, and membership groups to Fortune 500 companies.


Berkley Agribusiness Risk Specialists offers insurance for larger commercial risks across the United States involved in the supply, storage, handling, processing and distribution of commodities related to the agriculture and food industries.

Berkley Alliance Managers specializes in professional liability for the design professional, construction professional and certified public accounting industries. The Berkley Design Professional division specializes in architects, engineers and consultants. In addition to professional liability, the Berkley Construction Professional division provides pollution liability and protective coverages to contractors and owners across all forms of non-environmental construction.


Berkley Aviation offers a wide range of aviation insurance products on a global basis, including coverage for airlines, airplanes, helicopters, miscellaneous general aviation operations, non-owned aircraft, fixed-base operations, control towers, airports and other specialized niche programs. In the U.S., it places its business on an admitted and non-admitted basis nationwide.


Berkley Custom Insurance focuses on the excess casualty insurance market and offers umbrella liability, pollution liability, excess liability, construction wrap-ups and completed operations coverages to wholesalers, retailers, manufacturers, insurance companies, financial institutions and construction companies.


Berkley FinSecure serves the insurance needs of financial institutions, credit unions, mortgage lenders, mortgage servicers and trust managers. It offers a comprehensive range of property, casualty, professional liability, and specialty lines insurance products and loss control services, including financial institution-specific commercial package policies, workers compensation, umbrella, commercial auto, management liability and crime coverages, and financial institution bonds.


Berkley Fire & Marine offers a broad range of preferred inland marine and related property risks and services to customers throughout the United States, both regionally and nationwide. Products are distributed through independent agents and brokers.


Berkley Global Product Recall Management provides worldwide insurance protection and technical assistance to help clients with the prevention, management and indemnification of product recall and contamination events.


Berkley Healthcare Professional provides customized, comprehensive professional liability solutions for the full spectrum of healthcare providers.
Berkley Life Sciences offers a comprehensive spectrum of property casualty products to the life sciences industry on a global basis, including primary and excess liability coverage and commercial insurance. It serves pharmaceutical and biologic/biotech companies, medical device companies, dietary supplement manufacturers, medical and research software developers, contract service organizations, research institutions and organizations, and other related businesses.


Berkley Medical Excess insures healthcare organizations such as hospitals and clinics that retain a portion of their risk exposure through a self-funded mechanism and seek to maximize the effectiveness and efficiency of their excess risk financing program.


Berkley Mid-Atlantic Group provides commercial property casualty coverages to a wide variety of businesses in Delaware, the District of Columbia, Maryland, Ohio, Pennsylvania, and Virginia. Focusing on middle market accounts, it complements its standard writings with specialized products in areas such as construction.
Berkley Net Underwriters focuses on small and medium-sized commercial risks, using a web-based system to allow producers to quote, bind and service workers compensation insurance products on behalf of W. R. Berkley Corporation member companies.


Berkley North Pacific provides local underwriting, claims and risk management services from its home office in Seattle, Washington and branch offices in Boise, Idaho, Spokane, Washington and Salt Lake City, Utah. It operates with a select group of agents in Idaho, Montana, Oregon, Utah and Washington to sell and service property and casualty policies for larger middle-market standard businesses and specialty lines, such as construction.


Berkley Offshore Underwriting Managers is a specialist global underwriter of energy and marine risks. Its three divisions provide specialty insurance products in the energy upstream, energy liability and marine sectors.


Berkley Oil & Gas provides property casualty products and risk services to the United States energy sector. Its customer base includes risks of any size that work in the oil patch, including operators, drillers, geophysical contractors, well-servicing contractors, and manufacturers/distributors of oil field products, as well as those in the renewable energy sector.


Berkley Professional Liability specializes in professional liability insurance for publicly-traded and private entities based on a worldwide basis. Its liability coverages include directors and officers, fiduciary, employment practices, and sponsored insurance agents.


Berkley Program Specialists is a program management company offering both admitted and non-admitted insurance support on a nationwide basis for commercial casualty and inland marine program administrators with specialized insurance expertise. Its book is built around blocks of homogeneous business, or programs, allowing for efficient processes, effective oversight of existing programs and sound implementation of new programs.

Berkley Public Entity specializes in providing excess coverage and services to individual governmental and scholastic entities and intergovernmental risk sharing groups. Products include general liability, automobile liability, law enforcement liability, public officials and educators legal liability, employment practices liability, incidental medical, property and crime.


Berkley Regional Specialty provides excess and surplus lines coverage on a national basis to small to medium-sized insureds with low to moderate insurance risk. Its product lines include general liability, liquor liability and some property and inland marine coverage. It serves a limited distribution channel consisting of select W. R. Berkley Corporation member company agents.


Berkley Risk Administrators provides insurance program management services to a variety of organizations, including self-insureds, captives, governmental entities, risk retention groups, and insurance companies. It is also a nationwide third-party claims administrator and is the nations third largest servicing carrier for workers compensation assigned risk plans, serving plans in 20 states.


Berkley Select specializes in underwriting professional liability insurance with a particular emphasis on large law firms, accounting firms and medical institution facilities. Its products are distributed nationwide through a limited number of brokers.
Berkley Southeast offers a wide array of commercial lines products in six southeastern states: Alabama, Georgia, Mississippi, North Carolina, South Carolina and Tennessee.


Berkley Specialty Underwriting Managers has two underwriting divisions. Its entertainment and sports division underwrites property casualty insurance products, both on an admitted and non-admitted basis, for the entertainment industry and sports-related organizations. The environmental division underwrites specialty insurance products for environmental customers such as contractors, consultants and owners of sites and facilities.


Berkley Surety provides a broad array of surety products for contract and commercial surety risks in the U.S. and Canada, including specialty niches such as environmental and secured credit for small contractors, through an independent agency and broker platform across a network of 16 field offices.
Berkley Technology Underwriters provides a broad range of first and third-party insurance programs for technology exposures and technology industries on both a local and global basis.


Carolina Casualty Insurance provides commercial insurance products and services to the transportation industry with an emphasis on intermediate and long-haul trucking and various classes of business and public automobile coverage. It underwrites on an admitted basis in all 50 states and the District of Columbia.
Clermont Specialty Managers provides package insurance programs for high-end cooperative, condominium, and quality rental apartment buildings and upscale restaurants in the New York, New Jersey, Chicago and Washington, D.C. metropolitan markets, as well as other select markets.


Continental Western Group is a Midwest regional property and casualty insurance operation based in Des Moines, Iowa, providing underwriting and risk management services to a broad array of regional businesses in thirteen Midwest states. In addition to its generalist portfolio, Continental Western offers specialty underwriting solutions for diversified agriculture, construction, light manufacturing, transportation, volunteer fire departments, rural utilities, public entity and implement dealers.
Gemini Transportation is a national provider of excess liability insurance for various domestic surface transportation businesses. It underwrites liability insurance policies for the railroad industry as well as excess liability policies for the trucking, busing and other industries that use rubber-wheeled vehicles for over-the-road use.
Key Risk Insurance is a provider of workers compensation insurance products and services for employers in the public and private sectors in select Eastern and Southeastern states. It focuses on middle-market accounts in specialty niches and on larger self-insured entities, with a special emphasis on expert claims and managed-care services. Additionally, Key Risks affiliate, Key Risk Management Services, provides third party administration of self-insured workers compensation programs.
Midwest Employers Casualty provides excess workers compensation insurance products to individual employers, groups and workers compensation insurance companies across the United States. Its workers compensation excess of loss products include self-insured excess of loss coverages, large deductible policies and reinsurance. Through its relationship with Berkley Net Underwriters, Midwest Employers Casualty also offers multi-state coverage for group self-insureds. It has developed sophisticated, proprietary analytical tools and risk management services that help its insureds lower their total cost of risk.


Monitor Liability Managers provides executive and professional liability insurance to small to middle-market risks on a nationwide basis. Its primary professional liability products are management liability, employment practices and fiduciary coverages for private companies and nonprofit organizations, and errors and omissions policies for accounting and law firms.

Nautilus Insurance Group insures excess and surplus lines risks for small to medium-sized commercial risks with low to moderate susceptibility to loss. It writes commercial excess and surplus lines business nationwide and admitted lines commercial business in a limited number of states. A substantial portion of Nautilus business is written through its close, long-standing network of general agents, who are chosen on a highly selective basis.


Preferred Employers Insurance focuses exclusively on workers compensation products and services for businesses in California. It serves over 12,000 customers covering a broad spectrum of industries throughout the state.


Riverport Insurance Services provides property casualty insurance coverages to human services organizations, including nonprofit and for-profit organizations, public schools and sports and recreational organizations. Riverport also insures special events. Its product offerings include traditional primary coverages and risk purchasing groups, as well as alternative market solutions for clients who wish to retain a larger share of their own risk.


Union Standard offers preferred commercial property and casualty insurance products and services to a wide range of small to medium size commercial entities through independent agents in Arizona, Arkansas, New Mexico, Oklahoma and Texas. Union Standards strategy is built around relationships and service.
Vela Insurance Services specializes in commercial casualty insurance on an excess and surplus lines basis. Its primary focus is on general liability insurance for construction, manufacturing and general casualty clients as well as products liability and miscellaneous professional liability coverages distributed through wholesale insurance brokers.


Verus Underwriting Managers offers general liability, professional liability and property coverages for small to mid-sized commercial risks in the excess and surplus lines insurance market through a select group of appointed wholesale brokers and agents.



   Company Address: 475 Steamboat Road Greenwich, 6830 CT
   Company Phone Number: 629-3000   Stock Exchange / Ticker: NYSE WRB
   WRB is expected to report next financial results on April 23, 2024.


Customers Net Income grew by WRB's Customers Net Profit Margin grew to

94.5 %

11.25 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

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AIG   -2%    
HIG   -1.59%    
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PGR        1.07% 
TRV   -0.56%    
• View Complete Report
   



W R Berkley Corp

W. R. Berkley Corporation Reports Impressive 43.77% Increase in Profit Per Share and 6.888% Rise in Revenue for Fourth Quarter and Full Year 2023

Investors in the stock market have reason to celebrate as W. R. Berkley Corporation (NYSE: WRB) recently reported impressive results for its fourth quarter and full year 2023. The company's profit per share skyrocketed by an astounding 43.77% to $1.47 per share compared to $1.03 a year earlier. Additionally, income per share saw a significant increase of 19.83% from the previous quarter, amounting to $1.23 per share.
The company's revenue also experienced a healthy growth of 6.888% to $3.22 billion compared to $3.01 billion in the same quarter of the previous year. Furthermore, the sequential revenue increase of 6.294% from $3.03 billion showcases the consistent growth and positive trend in WRB's financial performance.

Dividend

W. R. Berkley Corporation's Strong Performance and Regular Dividend Declaration Boost Shareholder Confidence

Published Fri, Feb 23 2024 9:15 PM UTC

W. R. Berkley Corporation Declares Quarterly Dividend, Continuing Strong Performance for Shareholders
Greenwich, Conn. - W. R. Berkley Corporation (NYSE: WRB) has once again demonstrated its commitment to providing value to its shareholders, with the announcement of a regular quarterly cash dividend of 11 cents per share. This dividend will be paid on March 13, 2024 to s...

Management Changes

W. R. Berkley Corporation Empowers Berkley Entertainment with New President, Spearheading Growth Strategies for Improved Returns

Published Thu, Dec 14 2023 9:15 PM UTC



In a recent announcement, W. R. Berkley Corporation took a significant step towards enhancing its position in the entertainment industry by appointing Mark Schuermann as the president of Berkley Entertainment, one of its subsidiary companies. This move comes as the corporation aims to improve its return on investment (ROI) after experiencing a slight decline in its...

Dividend

W. R. Berkley Announces Third Special Cash Dividend of 2023, Outperforms Majority Peers in Dividend Payout Amid the Financial Sector

Published Fri, Dec 8 2023 9:15 PM UTC

W. R. Berkley Corporation Announces Third Special Dividend for 2023, Displaying a Progressive Dividend Strategy Amidst the Financial Sector
W. R. Berkley Corporation (WRB), a financially potent entity in the insurance sector, recently made a compelling announcement that provides an insightful view into its rewarding dividend strategy. The company's Board of Directors has...

W R Berkley Corp

W R Berkley Corp's Strong EPS Growth Highlights Double-Digit Revenue Surge in Q3 2023



W R Berkley Corp, a leading Property & Casualty Insurance company, recently released their financial results for the quarter ending September 30, 2023. The report showcased significant growth in various key metrics, including profit per share, revenue, and net profits. These positive numbers have not only outperformed industry peers but also indicate a promising outlook for the company's future. Let's delve deeper into the financial results and analyze their potential impact on W R Berkley Corp's growth trajectory moving forward.
Impressive Profitability:
First and foremost, the company's profit per share soared by an impressive 50% to $1.23 per share compared to the prior year period. This surge in profitability showcases the company's ability to generate higher returns for its shareholders. It is a commendable achievement in an industry where consistent profit growth can be challenging to achieve.






 

W R Berkley's Segments
 
 
• View Complete Report
  Company Estimates  
  Revenue Outlook
W R Berkley does not provide revenue guidance.

Earnings Outlook
W R Berkley Corp does not provide earnings estimates.

 
Geographic Revenue Dispersion




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