W.R Berkley Stock Price, News & Analysis

W. R. Berkley Corporation (NYSE: WRB) announced a 15.3% increase in its annual cash dividend to 40 cents per share, with the first quarterly payment of 10 cents due on July 7, 2022 for stockholders on record as of June 27, 2022. Additionally, a special cash dividend of 50 cents per share will also be paid on the same date. This will bring total capital returned to shareholders in 2022 to approximately $182 million.

AM Best has affirmed the Long-Term Issuer Credit Rating of “a-” (Excellent) for W. R. Berkley Corporation (NYSE: WRB) and a Financial Strength Rating (FSR) of A+ (Superior) for Berkley Insurance Company and its affiliates. The outlook for these ratings is stable. Berkley Group's balance sheet strength is assessed as strongest, with a risk-adjusted capitalization demonstrating solid market access. The group reported a net premium growth of 18% in Q1 2022, bolstered by significant investment gains, reflecting effective risk management.

W. R. Berkley Corporation (NYSE: WRB) has appointed Luis Rivera as the new president of Berkley Global Product Recall, effective immediately. He succeeds Louis Lubrano, who becomes chairman of the business. Rivera brings over 25 years of experience in property and casualty insurance, previously leading general liability underwriting at a major U.S. insurance group. Lubrano, a founding president, will continue to support the team as the chairman.

CEO W. Robert Berkley, Jr. praised Lubrano's contributions and expressed confidence in Rivera's leadership.

W. R. Berkley Corporation (NYSE: WRB) announced the appointment of Michael Marcus as the new president of Berkley Industrial Comp, succeeding Chandler F. Cox, Jr., who now serves as chairman. Marcus, with over 30 years in commercial property and casualty insurance, joined Berkley in 2008 and most recently held a senior vice president role. Cox co-founded the company and has led it since 2000, transitioning its focus from coal mining to diverse high-hazard industries. CEO W. Robert Berkley, Jr. expressed confidence in Marcus's leadership abilities.

W. R. Berkley Corporation (NYSE: WRB) reported remarkable first-quarter results for 2022, with net income surging 157% to $591 million and a return on equity of 35.5%. Gross premiums written reached $2.86 billion, with net premiums written increasing nearly 18% to a record $2.41 billion. The company also achieved record quarterly underwriting income of $274 million, alongside a net investment gain of $366 million primarily from real estate sales. With an improved combined ratio of 87.8%, Berkley remains optimistic about future opportunities amid a stable investment environment.

W. R. Berkley Corporation (NYSE: WRB) will release its first quarter 2022 earnings on April 25, 2022, after market close. A conference call for analysts and investors is scheduled for the same day at 5:00 p.m. ET. The earnings release will be accessible on the Company’s website, where a live audio webcast of the call will also be available. W. R. Berkley, founded in 1967, is a leading insurance holding company in the United States, focusing on property casualty insurance across two segments: Insurance and Reinsurance & Monoline Excess.

W. R. Berkley Corporation (NYSE: WRB) announced that William R. Berkley and W. Robert Berkley, Jr. will present at the 2022 RBC Capital Markets Global Financial Institutions Virtual Conference on March 8, 2022, at 2:00 p.m. eastern time. The presentation will be accessible via a live webcast on the Company’s website, with a replay available within 24 hours for 90 days. Founded in 1967, W. R. Berkley Corporation is one of the largest commercial lines writers in the United States, operating in the property casualty insurance sectors.

W. R. Berkley Corporation (NYSE: WRB) has approved a 3-for-2 stock split as a stock dividend for shareholders of record on March 9, 2022, with shares issued on March 23, 2022. Additionally, the Board declared a quarterly cash dividend of 13 cents per share, also payable on March 23, 2022. As of February 17, 2022, the company had 176,790,914 shares outstanding. Founded in 1967, W. R. Berkley is a leading insurance holding company in the U.S. and operates globally in property casualty insurance.