W.R. Berkley: Fourth Quarter Earnings Overview

W.R. Berkley Corp. Announces Fourth-Quarter Financial Results

W.R. Berkley Corp., headquartered in Greenwich, Connecticut, disclosed its earnings for the fourth quarter on Monday, reporting a net income of $449.5 million.

The company achieved earnings of $1.13 per share during this period.

These results were slightly below analysts’ expectations, as a consensus of six analysts polled by Zacks Investment Research had anticipated earnings of $1.14 per share.

Quarterly revenue reached $3.72 billion, which also did not meet projections. According to Zacks, four analysts had forecasted revenue of $3.75 billion.

For the full year, W.R. Berkley Corp. reported a total profit of $1.78 billion, or $4.45 per share, with annual revenue amounting to $14.58 billion.