For the quarter ended March 2024, W.R. Berkley (WRB) reported income of $3.23 billion, up 12.5% over the identical interval final 12 months. EPS got here in at $1.56, in comparison with $1.00 within the year-ago quarter.
The reported income compares to the Zacks Consensus Estimate of $3.23 billion, representing a shock of +0.18%. The corporate delivered an EPS shock of +6.85%, with the consensus EPS estimate being $1.46.
Whereas buyers intently watch year-over-year adjustments in headline numbers — income and earnings — and the way they examine to Wall Road expectations to find out their subsequent plan of action, some key metrics at all times present a greater perception into an organization’s underlying efficiency.
Since these metrics play a vital position in driving the top- and bottom-line numbers, evaluating them with the year-ago numbers and what analysts estimated about them helps buyers higher challenge a inventory’s worth efficiency.
Right here is how W.R. Berkley carried out within the simply reported quarter when it comes to the metrics most generally monitored and projected by Wall Road analysts:
- Mixed Ratio – Whole: 88.8% versus the four-analyst common estimate of 90%.
- Expense Ratio: 28.6% versus the four-analyst common estimate of 28.7%.
- Loss Ratio – Insurance coverage Phase (Underwriting Ratios): 61.8% versus the four-analyst common estimate of 61.4%.
- Web funding revenue: $319.84 million versus the four-analyst common estimate of $305.38 million. The reported quantity represents a year-over-year change of +43.2%.
- Web premiums earned: $2.76 billion in comparison with the $2.75 billion common estimate based mostly on 4 analysts. The reported quantity represents a change of +11% 12 months over 12 months.
- Revenues from non-insurance companies: $120.99 million versus $130.25 million estimated by 4 analysts on common. In comparison with the year-ago quarter, this quantity represents a -2.6% change.
- Web funding positive aspects (losses)- Web realized positive aspects on funding gross sales: $11.50 million in comparison with the $33.87 million common estimate based mostly on three analysts. The reported quantity represents a change of -49.1% 12 months over 12 months.
- Different revenue (loss): $0.50 million in comparison with the $0.12 million common estimate based mostly on three analysts. The reported quantity represents a change of +363.6% 12 months over 12 months.
- Insurance coverage service charges: $25.32 million versus the three-analyst common estimate of $32.63 million. The reported quantity represents a year-over-year change of -22.9%.
- Web premiums earned- Reinsurance: $365.58 million versus $318.10 million estimated by two analysts on common. In comparison with the year-ago quarter, this quantity represents a +18.1% change.
- Web premiums earned- Insurance coverage: $2.40 billion in comparison with the $2.40 billion common estimate based mostly on two analysts. The reported quantity represents a change of +9.9% 12 months over 12 months.
View all Key Company Metrics for W.R. Berkley here>>>
Shares of W.R. Berkley have returned -3.8% over the previous month versus the Zacks S&P 500 composite’s -4.2% change. The inventory at the moment has a Zacks Rank #3 (Maintain), indicating that it might carry out in keeping with the broader market within the close to time period.
(We’re reissuing this text to appropriate a mistake. The unique article, issued earlier at this time, ought to now not be relied upon.)
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
