NYSE$WRB
W R Berkley Corporation · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
W. R. Berkley Corporation reported fourth quarter results with net premiums written growing by 26.6% and a return on equity of 18.7%.
W. R. Berkley Corporation reported a strong fourth quarter and full year in 2021, marked by significant growth in net premiums written and a high return on equity. The company's performance was driven by robust premium growth, strong rate increases, and improved underwriting margins.
- Return on equity was 18.7%.
- Record quarterly underwriting income reached $260.9 million.
- Net premiums written increased by 26.6%.
- The reported combined ratio was 88.2%, including catastrophe losses of $48.5 million.
Headline financials
Revenue & EPS history
W. R. Berkley · Revenue · Quarterly
$2.58B
Revenue by segment
W. R. Berkley · $2.25B total across 2 segments · Q1 2022
- Insurance$1.96B—87.3%
- Reinsurance & Monoline Excess$286M—12.7%
Forward guidance
The Company anticipates that the factors fueling the Company’s growth should remain in place for the foreseeable future and that compounding rate increases in excess of loss trend will further contribute to underwriting profits as premiums are fully earned. The Company is performing exceptionally well and we look forward to another great year in 2022.
Tailwinds
- Continued strong rate increases in nearly all lines of business.
- Higher exposure growth.
- Year-over-year margin improvement.
- Further reduction in the expense ratio.
- Well-positioned underwriting and investment portfolios for the anticipated inflationary environment.
Headwinds
- Catastrophe losses
- Continuing low interest rates.
- Cyclical nature of the property casualty industry
- Impact of significant competition
- Long-tail and potentially volatile nature of the insurance and reinsurance business
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 Q4 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
| Quarter | Report date | Reaction (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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