W. R. Berkley Corporation, an insurance holding company, operates as a commercial lines writer in the United States and internationally. It operates in two segments, Insurance and Reinsurance & Monoline Excess. The Insurance segment underwrites commercial insurance business, including premises operations, commercial automobile, property, products liability, and general and professional liability lines. It also provides workers' compensation insurance products; accident and health insurance and reinsurance products; insurance for commercial risks; specialty environmental products for contractors, consultants, and property owners and facilities operators; specialized insurance coverages for fine arts and jewelry exposures; umbrella and excess liability coverage products; and liquor liability and inland marine coverage for small to medium-sized insureds. In addition, this segment offers directors and officers, and surety risk products, as well as products for technology, and life sciences and travel industries; cyber risk solutions; casualty, group life, and crime and fidelity related insurance products; personal lines insurance solutions, including home, condo/co-op, auto, and collectibles; automobile, law enforcement, public officials and educator's legal, and employment practices liability, as well as incidental medical insurance products; and at-risk and alternative risk insurance program management services. The Reinsurance & Monoline Excess segment provides other insurance companies and self-insureds with assistance in managing their net risk through reinsurance on a portfolio basis through treaty reinsurance or on an individual basis through facultative reinsurance. W. R. Berkley Corporation was founded in 1967 and is headquartered in Greenwich, Connecticut.
IPO Year:
Exchange: NYSE
Website: berkley.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/5/2024 | $56.00 | Underweight | Barclays |
| 7/1/2024 | $103.00 | Buy | TD Cowen |
| 6/13/2024 | $88.00 → $83.00 | Buy → Neutral | Goldman |
| 1/9/2024 | $69.00 → $79.00 | Outperform → In-line | Evercore ISI |
| 1/8/2024 | $73.00 | Outperform → Sector Perform | RBC Capital Mkts |
| 12/6/2023 | $69.00 → $80.00 | Outperform → Mkt Perform | Keefe Bruyette |
| 3/15/2023 | $77.00 → $76.00 | Neutral → Buy | BofA Securities |
| 1/20/2023 | $76.00 | Market Perform | BMO Capital Markets |
| 11/11/2022 | $88.00 | Buy | Janney |
| 9/6/2022 | $77.00 → $80.00 | Mkt Perform → Outperform | Keefe Bruyette |
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Truist Securities analyst Mark Hughes maintains WR Berkley (NYSE:WRB) with a Buy and raises the price target from $62 to $64.
Wells Fargo analyst Elyse Greenspan maintains WR Berkley (NYSE:WRB) with a Overweight and lowers the price target from $62 to $59.
RBC Capital analyst Scott Heleniak reiterates WR Berkley (NYSE:WRB) with a Sector Perform and maintains $57 price target.
Wall Street started the new week on a positive note, with all major indices in the green. A rebound in tech stocks following last week’s dips bolstered overall investor sentiment. Investors focused on the start of the tech earnings season, looking past President Joe Biden‘s withdrawal from the reelection campaign. Semiconductor stocks, which plunged last week due to threats of increased curbs on China, rallied on Monday. The VanEck Semiconductor ETF (NYSE:SMH) and the iShares Semiconductor ETF (NYSE:SOXX) both rose by 2.5%. The tech-heavy Nasdaq 100 index surged 1% by 12:40 p.m. in New York, poised to snap a three-day losing streak. The S&P 500 edged up 0.7%, while blue-chip stocks in
WR Berkley (NYSE:WRB) has outperformed the market over the past 15 years by 2.34% on an annualized basis producing an average annual return of 14.67%. Currently, WR Berkley has a market capitalization of $20.87 billion. Buying $1000 In WRB: If an investor had bought $1000 of WRB stock 15 years ago, it would be worth $7,898.60 today based on a price of $54.43 for WRB at the time of writing. WR Berkley's Performance Over Last 15 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and
WR Berkley (NYSE:WRB) has outperformed the market over the past 10 years by 3.67% on an annualized basis producing an average annual return of 14.43%. Currently, WR Berkley has a market capitalization of $20.09 billion. Buying $1000 In WRB: If an investor had bought $1000 of WRB stock 10 years ago, it would be worth $3,835.77 today based on a price of $78.58 for WRB at the time of writing. WR Berkley's Performance Over Last 10 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and
RBC Capital analyst Scott Heleniak reiterates WR Berkley (NYSE:WRB) with a Sector Perform and maintains $86 price target.
TD Cowen analyst Andrew Kilgerman initiates coverage on WR Berkley (NYSE:WRB) with a Buy rating and announces Price Target of $103.
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Barclays initiated coverage of W.R. Berkley with a rating of Underweight and set a new price target of $56.00
TD Cowen initiated coverage of W.R. Berkley with a rating of Buy and set a new price target of $103.00
Goldman downgraded W.R. Berkley from Buy to Neutral and set a new price target of $83.00 from $88.00 previously
Evercore ISI downgraded W.R. Berkley from Outperform to In-line and set a new price target of $79.00 from $69.00 previously
RBC Capital Mkts downgraded W.R. Berkley from Outperform to Sector Perform and set a new price target of $73.00
Keefe Bruyette downgraded W.R. Berkley from Outperform to Mkt Perform and set a new price target of $80.00 from $69.00 previously
BofA Securities upgraded W.R. Berkley from Neutral to Buy and set a new price target of $76.00 from $77.00 previously
BMO Capital Markets initiated coverage of W.R. Berkley with a rating of Market Perform and set a new price target of $76.00
Janney initiated coverage of W.R. Berkley with a rating of Buy and set a new price target of $88.00
Keefe Bruyette upgraded W.R. Berkley from Mkt Perform to Outperform and set a new price target of $80.00 from $77.00 previously
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Return on Equity of 19.6% and Operating Return on Equity of 20.0%; Record Third Quarter Net Income Increased to $366 Million W. R. Berkley Corporation (NYSE:WRB) today reported its third quarter 2024 results. Summary Financial Data (Amounts in thousands, except per share data) Third Quarter Nine Months 2024 2023 2024 2023 Gross premiums written $ 3,633,278 $ 3,353,205 $ 10,713,806 $ 9,739,296 Net premiums written 3,057,276 2,848,459 9,035,346 8,234,799
W. R. Berkley Corporation (NYSE:WRB) will release its third quarter 2024 earnings after the market closes on Monday, October 21, 2024. A copy of the earnings release will be available on the Company's website at www.berkley.com. The Company has scheduled its quarterly conference call with analysts and investors to discuss its earnings and other information on Monday, October 21, 2024 at 5:00 p.m. eastern time. A live audio webcast of the conference call may be accessed via the Company's website at www. berkley.com. Please log on early to register. A replay of the webcast will be available on the Company's website approximately two hours after the end of the call. Founded in 1967, W. R. Be
W. R. Berkley Corporation (NYSE:WRB) announced today that its Board of Directors has declared a special cash dividend on its common stock of 25 cents per share to be paid on September 30, 2024 to stockholders of record at the close of business on September 23, 2024. In addition, the Board of Directors has declared a regular quarterly cash dividend on its common stock of 8 cents per share to be paid on September 30, 2024 to stockholders of record at the close of business on September 23, 2024. The per share dividend amount reflects the 3-for-2 common stock split effected on July 10, 2024. Including today's announced special and regular quarterly cash dividends and shares repurchased throug
Return on Equity of 20.0% and Operating Return on Equity of 22.4%; Record Quarterly Net Investment Income of $372 Million W. R. Berkley Corporation (NYSE:WRB) today reported its second quarter 2024 results. Summary Financial Data (Amounts in thousands, except per share data) Second Quarter Six Months 2024 2023 2024 2023 Gross premiums written $ 3,717,772 $ 3,336,773 $ 7,080,528 $ 6,386,091 Net premium
W. R. Berkley Corporation (NYSE:WRB) will release its second quarter 2024 earnings after the market closes on Monday, July 22, 2024. A copy of the earnings release will be available on the Company's website at www.berkley.com. The Company has scheduled its quarterly conference call with analysts and investors to discuss its earnings and other information on Monday, July 22, 2024 at 5:00 p.m. eastern time. A live audio webcast of the conference call may be accessed via the Company's website at www. berkley.com. Please log on early to register. A replay of the webcast will be available on the Company's website approximately two hours after the end of the call. Founded in 1967, W. R. Berkl
W. R. Berkley Corporation (NYSE:WRB) announced today that its Board of Directors has declared a special cash dividend on its common stock of 50 cents per share to be paid on June 28, 2024 to stockholders of record at the close of business on June 24, 2024. In addition, its Board of Directors has voted to increase the regular cash dividend to an annual rate of 48 cents per share, representing a 9.1% increase from the present rate. The first regular quarterly dividend at the new rate of 12 cents per share will be paid on June 28, 2024 to stockholders of record at the close of business on June 24, 2024. The Board of Directors has also approved a 3-for-2 common stock split to be paid in the
Net Income Increased 50.4% to $442 Million and Operating Income Increased 53.4% to a Record $423 Million; Return on Equity of 23.7% and Operating Return on Equity of 22.7% W. R. Berkley Corporation (NYSE:WRB) today reported its first quarter 2024 results. Summary Financial Data (Amounts in thousands, except per share data) First Quarter 2024 2023 Gross premiums written $ 3,362,755 $ 3,049,317 Net premiums written 2,851,291 2,574,824
W. R. Berkley Corporation (NYSE:WRB) will release its first quarter 2024 earnings before the market opens on Tuesday, April 23, 2024. A copy of the earnings release will be available on the Company's website at www.berkley.com. The Company has scheduled its quarterly conference call with analysts and investors to discuss its earnings and other information on Tuesday, April 23, 2024 at 9:00 a.m. eastern time. A live audio webcast of the conference call may be accessed via the Company's website at www.berkley.com. Please log on early to register. A replay of the webcast will be available on the Company's website approximately two hours after the end of the call. Founded in 1967, W. R. Ber
W. R. Berkley Corporation (NYSE:WRB) announced today that its Board of Directors has declared a regular quarterly cash dividend on its common stock of 11 cents per share to be paid on March 13, 2024 to stockholders of record at the close of business on March 4, 2024. Founded in 1967, W. R. Berkley Corporation is an insurance holding company that is among the largest commercial lines writers in the United States and operates two segments of the property casualty insurance business: Insurance and Reinsurance & Monoline Excess. For further information about W. R. Berkley Corporation, please visit www.berkley.com. View source version on businesswire.com: https://www.businesswire.com/news/hom
Fourth Quarter Return on Equity of 23.6% and Operating Return on Equity of 23.2%; Record Quarterly and Annual Pre-Tax Underwriting Income and Net Investment Income W. R. Berkley Corporation (NYSE:WRB) today reported its fourth quarter and full year 2023 results. Summary Financial Data (Amounts in thousands, except per share data) Fourth Quarter Twelve Months 2023 2022 2023 2022 Gross premiums writte
W. R. Berkley Corporation (NYSE:WRB) today announced the appointment of Antonio Q. L. Rhodes as president of Berkley Mid-Atlantic Insurance Group ("BMAG"), a Berkley company. The appointment is effective immediately. Mr. Rhodes is an accomplished insurance executive with nearly 20 years of property and casualty insurance industry experience. He most recently served as executive vice president and head of property & casualty for a leading agency network and brokerage firm with countrywide responsibility for programs, central placement, and large and complex insurance. Commenting on the appointment W. Robert Berkley, Jr., president and chief executive officer of W. R. Berkley Corporation,
W. R. Berkley Corporation (NYSE:WRB) today announced the appointment of Lucas Prahl, Jr. as president of Berkley Human Services, a Berkley company. He succeeds Roger M. Nulton, who has been named chairman of the business. The appointments are effective immediately. Mr. Prahl is a strategic leader with over 20 years of experience focused in the property and casualty insurance industry. He most recently served as senior vice president and head of middle market, North America, for a multinational insurance group, where he was responsible for operational profitability, including market strategy, business development, underwriting, and operations. Mr. Nulton joined Berkley Human Services in
W. R. Berkley Corporation (NYSE:WRB) today announced the appointment of Mark Schuermann as president of Berkley Entertainment, a Berkley company. He succeeds Cindy Broschart, who has been named chair of the business. The appointments are effective immediately. Mr. Schuermann joined Berkley Entertainment as chief operating officer in 2021. Prior to joining Berkley Entertainment, he had an extensive career at a leading diversified media company, where he provided executive leadership across their financial and risk management disciplines. Ms. Broschart was named president of Berkley Entertainment upon its formation in 2004. Under her leadership, the business has grown to become a leading
W. R. Berkley Corporation (NYSE:WRB) today announced the appointment of J. Daniel Asahl as president of Continental Western Group ("CWG"), a Berkley company. He succeeds Melodee Saunders. The appointment is effective immediately. Mr. Asahl is a proven strategic leader with nearly 30 years of property and casualty insurance industry experience. He joined Berkley in 1995 and has held a variety of positions throughout the group. In 2017, he was appointed senior vice president and chief operating officer of Berkley Healthcare. Ms. Saunders was named interim president of CWG in early 2023. She served as president of Midwest Employers Casualty from 2001 to 2013 and has remained a key member o
W. R. Berkley Corporation (NYSE:WRB) today announced the appointment of S. Akbar Khan as president of Preferred Employers Insurance, a Berkley company. He succeeds Dennis J. Levesque. The appointment is effective immediately. Mr. Khan is an accomplished property and casualty insurance executive with more than 20 years of industry experience. He most recently served as a senior officer at a leading national U.S. insurer. He has extensive leadership experience across functional roles in underwriting, distribution, strategy, and operations. Under Mr. Levesque's leadership, the business fortified its position as an exceptional insurance provider in the California workers' compensation marke
W. R. Berkley Corporation (NYSE:WRB) today announced the appointment of Christopher H. Balch as president of Berkley Technology Underwriters, a Berkley company. He succeeds Matthew A. Mueller, who has been named chairman of the business. The appointments are effective immediately. Mr. Balch joins Berkley Technology Underwriters with nearly 20 years of experience in the property and casualty insurance industry. He has extensive leadership experience, most recently in insurance distribution. His prior experience includes various technical and management roles at a leading national insurance company with a particular focus in the commercial insurance market. Mr. Mueller joined Berkley as p
W. R. Berkley Corporation (NYSE:WRB) today announced the appointment of John J. Forte as president of Berkley Public Entity, a Berkley Company. Mr. Forte joined Berkley Public Entity as senior vice president, chief underwriting officer and chief operating officer in 2018. He has over 20 years of experience in the property and casualty insurance industry, where he has served in various technical and leadership roles with a particular focus in the public entity insurance market. Commenting on the appointment W. Robert Berkley, Jr., president and chief executive officer of W. R. Berkley Corporation, said, "John has been instrumental in the growth and development of Berkley Public Entity si
W. R. Berkley Corporation (NYSE:WRB) today announced that Lee Iannarone has been named senior vice president and general counsel. The appointment is effective immediately. He succeeds Philip S. Welt, who will continue to serve as executive vice president and secretary. In this role, Mr. Iannarone will report to Mr. Welt and be responsible for the legal affairs of the Company. Mr. Iannarone has nearly 25 years of legal experience and most recently served as general counsel and chief compliance officer for an internationally recognized (re)insurer. Commenting on the appointment, W. Robert Berkley, Jr., president and chief executive officer of W. R. Berkley Corporation, said, "We are delig
Appoints John Termini as President W. R. Berkley Corporation (NYSE:WRB) today announced the formation of Berkley Specialty Excess to offer excess liability coverages in specialized markets, with an initial focus on the environmental and energy industries. John Termini has been named president of the new business, effective immediately. W. Robert Berkley, Jr., president and chief executive officer of W. R. Berkley Corporation, commented, "The specialty excess market continues to offer attractive opportunities. John brings to Berkley deep expertise and experience in his areas of focus and we are excited to welcome him to the team." Mr. Termini has nearly 30 years of experience in the pr
W. R. Berkley Corporation (NYSE:WRB) today announced the appointment of Jay Weber as president of Berkley Southeast Insurance Group. Mr. Weber succeeds Dennis Barger, who has been named chairman of the business. The appointments are effective immediately. Mr. Weber is a strategic leader with 30 years of commercial property and casualty insurance experience focused on small to mid-sized businesses. He most recently served as the business development leader for North America at a leading global insurance group. He holds a Bachelor of Science degree from the Syracuse University Martin J. Whitman School of Management. Mr. Barger joined Berkley Southeast as president upon its formation in 20
Return on Equity of 19.6% and Operating Return on Equity of 20.0%; Record Third Quarter Net Income Increased to $366 Million W. R. Berkley Corporation (NYSE:WRB) today reported its third quarter 2024 results. Summary Financial Data (Amounts in thousands, except per share data) Third Quarter Nine Months 2024 2023 2024 2023 Gross premiums written $ 3,633,278 $ 3,353,205 $ 10,713,806 $ 9,739,296 Net premiums written 3,057,276 2,848,459 9,035,346 8,234,799
W. R. Berkley Corporation (NYSE:WRB) will release its third quarter 2024 earnings after the market closes on Monday, October 21, 2024. A copy of the earnings release will be available on the Company's website at www.berkley.com. The Company has scheduled its quarterly conference call with analysts and investors to discuss its earnings and other information on Monday, October 21, 2024 at 5:00 p.m. eastern time. A live audio webcast of the conference call may be accessed via the Company's website at www. berkley.com. Please log on early to register. A replay of the webcast will be available on the Company's website approximately two hours after the end of the call. Founded in 1967, W. R. Be
W. R. Berkley Corporation (NYSE:WRB) announced today that its Board of Directors has declared a special cash dividend on its common stock of 25 cents per share to be paid on September 30, 2024 to stockholders of record at the close of business on September 23, 2024. In addition, the Board of Directors has declared a regular quarterly cash dividend on its common stock of 8 cents per share to be paid on September 30, 2024 to stockholders of record at the close of business on September 23, 2024. The per share dividend amount reflects the 3-for-2 common stock split effected on July 10, 2024. Including today's announced special and regular quarterly cash dividends and shares repurchased throug
W. R. Berkley Corporation (NYSE:WRB) today announced the appointment of Antonio Q. L. Rhodes as president of Berkley Mid-Atlantic Insurance Group ("BMAG"), a Berkley company. The appointment is effective immediately. Mr. Rhodes is an accomplished insurance executive with nearly 20 years of property and casualty insurance industry experience. He most recently served as executive vice president and head of property & casualty for a leading agency network and brokerage firm with countrywide responsibility for programs, central placement, and large and complex insurance. Commenting on the appointment W. Robert Berkley, Jr., president and chief executive officer of W. R. Berkley Corporation,
Return on Equity of 20.0% and Operating Return on Equity of 22.4%; Record Quarterly Net Investment Income of $372 Million W. R. Berkley Corporation (NYSE:WRB) today reported its second quarter 2024 results. Summary Financial Data (Amounts in thousands, except per share data) Second Quarter Six Months 2024 2023 2024 2023 Gross premiums written $ 3,717,772 $ 3,336,773 $ 7,080,528 $ 6,386,091 Net premium
W. R. Berkley Corporation (NYSE:WRB) today announced the appointment of Lucas Prahl, Jr. as president of Berkley Human Services, a Berkley company. He succeeds Roger M. Nulton, who has been named chairman of the business. The appointments are effective immediately. Mr. Prahl is a strategic leader with over 20 years of experience focused in the property and casualty insurance industry. He most recently served as senior vice president and head of middle market, North America, for a multinational insurance group, where he was responsible for operational profitability, including market strategy, business development, underwriting, and operations. Mr. Nulton joined Berkley Human Services in
W. R. Berkley Corporation (NYSE:WRB) will release its second quarter 2024 earnings after the market closes on Monday, July 22, 2024. A copy of the earnings release will be available on the Company's website at www.berkley.com. The Company has scheduled its quarterly conference call with analysts and investors to discuss its earnings and other information on Monday, July 22, 2024 at 5:00 p.m. eastern time. A live audio webcast of the conference call may be accessed via the Company's website at www. berkley.com. Please log on early to register. A replay of the webcast will be available on the Company's website approximately two hours after the end of the call. Founded in 1967, W. R. Berkl
W. R. Berkley Corporation (NYSE:WRB) announced today that its Board of Directors has declared a special cash dividend on its common stock of 50 cents per share to be paid on June 28, 2024 to stockholders of record at the close of business on June 24, 2024. In addition, its Board of Directors has voted to increase the regular cash dividend to an annual rate of 48 cents per share, representing a 9.1% increase from the present rate. The first regular quarterly dividend at the new rate of 12 cents per share will be paid on June 28, 2024 to stockholders of record at the close of business on June 24, 2024. The Board of Directors has also approved a 3-for-2 common stock split to be paid in the
AM Best has revised the outlooks to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and Long-Term Issue Ratings (Long-Term IRs) and affirmed the Long-Term ICR of "a-" (Excellent) of W. R. Berkley Corporation (W. R. Berkley) (Greenwich, CT) (NYSE:WRB) and all associated Long-Term IRs and indicative Long-Term IRs for securities issued by W. R. Berkley. At the same time, AM Best has revised the outlooks to positive from stable for the Long-Term ICRs and affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term ICRs of "aa-" (Superior) of Berkley Insurance Company (Wilmington, DE) and its pooled or reinsured subsidiaries and affiliates, collecti
Net Income Increased 50.4% to $442 Million and Operating Income Increased 53.4% to a Record $423 Million; Return on Equity of 23.7% and Operating Return on Equity of 22.7% W. R. Berkley Corporation (NYSE:WRB) today reported its first quarter 2024 results. Summary Financial Data (Amounts in thousands, except per share data) First Quarter 2024 2023 Gross premiums written $ 3,362,755 $ 3,049,317 Net premiums written 2,851,291 2,574,824