NYSE$WRB

W R Berkley Corporation · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

W. R. Berkley Corporation reported outstanding results with net premium growth in excess of 27%, a combined ratio of 89.7%, and an annualized return on equity of 15%.

W. R. Berkley Corporation reported strong second quarter results with net premium growth of over 27%, a combined ratio of 89.7%, and an annualized return on equity of 15%. Rate increases outpaced loss costs, and the alternative investment portfolio delivered strong performance.

  • Net premiums written increased 27.2%.
  • The reported combined ratio was 89.7%.
  • Return on equity of 15.0%.
  • Record quarterly underwriting income of $202.2 million.

Headline financials

Total Revenue

$2.3B

Previous: $1.94B+18.6%
EPS (adj)

$0.52

Previous: $0.03+1633.3%
Return on equity

15.0%

No prior period
Free Cash Flow

$237M

Previous: $41.1M+477.5%
Net Income

$237M

Previous: $71.3M+232.9%
Operating Income

-$901M

Previous: -$1.03B+12.9%
Gross Profit

$300M

Previous: $105M+184.4%
Cash & Equivalents

$1.79B

Previous: $2.67B-32.8%
Total Assets

$30.3B

Previous: $27.3B+10.9%
Stock-Based Comp

$11.3M

Previous: $14M-19.5%

Revenue & EPS history

W. R. Berkley · Revenue · Quarterly

$2.3B

Q2 2021+18.6%vs Q2 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

W. R. Berkley · $1.97B total across 2 segments · Q2 2021

  • Insurance
    $1.73B
  • Reinsurance & Monoline Excess
    $244M

Forward guidance

The combination of rate adequacy and an improving economy have created opportunities for profitable growth for the property casualty insurance market. The Company anticipates that these economic and market trends will continue to yield positive results for the foreseeable future.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

+0.1%

Avg return

Earnings day

+0.6%

Avg return

5 days after

+2.8%

Avg return

30 days after

57%

39 / 69 earnings

Positive

+8.4%

Q4 2023

Best reaction

-8.5%

Q1 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.5%+1.2%+3.3%
Q4 2025+0.4%+2.5%+7.0%
Q3 2025+2.2%+2.1%+5.2%
Q2 2025-1.1%+1.5%+3.2%
Q1 2025+5.2%+4.7%+7.2%
Q4 2024+3.2%+2.3%+6.7%
Q3 2024-4.5%-5.1%-0.5%
Q2 2024+1.3%+4.9%+11.8%
Q1 2024-6.7%-8.1%-5.5%
Q4 2023+8.4%+5.7%+11.1%
Q3 2023+5.5%+3.2%+12.3%
Q2 2023+1.6%+0.2%+2.2%
Q1 2023-8.5%-8.3%-8.2%
Q4 2022-3.1%-1.8%-7.1%
Q3 2022-3.2%+2.7%+4.2%
Q2 2022-1.6%-0.2%+6.2%
Q1 2022-1.0%-2.2%+1.5%
Q4 2021+2.8%+4.2%+10.7%
Q3 2021+4.8%+4.3%+2.3%
Q2 2021-2.2%-2.9%-0.2%
Q1 2021-0.3%+0.7%-2.8%
Q4 2020-6.7%-5.9%+5.6%
Q3 2020+6.4%+7.4%+9.2%
Q2 2020+0.8%+0.9%-5.1%
Q1 2020-7.2%-9.1%+0.9%
Q4 2019+1.6%+2.7%-2.2%
Q3 2019+1.3%-2.1%-4.4%
Q2 2019+3.1%+5.7%+9.3%
Q1 2019+4.6%+5.1%+6.5%
Q4 2018+2.6%+3.5%+11.4%
Q3 2018-0.5%+0.8%+6.2%
Q2 2018-0.5%+1.0%+4.0%
Q1 2018+1.9%+1.5%+2.9%
Q4 2017+1.8%+2.3%-5.3%
Q3 2017+0.4%-0.7%-5.2%
Q2 2017-3.0%-3.2%-6.0%
Q1 2017+0.3%-0.0%-0.1%
Q4 2016-0.3%+0.8%+5.5%
Q3 2016+2.3%+1.4%+9.9%
Q2 2016-0.4%-1.3%-1.0%
Q1 2016+1.9%
Q4 2015+0.5%
Q3 2015+2.3%
Q2 2015-2.8%
Q1 2015+0.3%
Q4 2014-2.4%
Q3 2014+3.4%
Q2 2014+0.5%
Q1 2014+2.8%
Q4 2013+0.7%
Q3 2013-1.7%
Q2 2013-3.5%
Q1 2013-0.7%
Q4 2012-1.0%
Q3 2012+1.9%
Q2 2012-2.1%
Q1 2012+0.7%
Q4 2011-0.7%
Q3 2011+2.0%
Q2 2011-7.5%
Q1 2010+1.2%
Q1 2011+3.1%
Q4 2010-0.9%
Q3 2010-3.2%
Q3 2009-3.2%
Q4 2009+0.6%
Q2 2010+0.6%
Q4 2008+0.6%
Q2 2009+0.6%

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