Quarterly ResultMay 1, 2026, 04:22 PM
Berkley Q1 Net Income $515.2M, EPS $1.31; Net Premiums Earned Up 3.4%
AI Summary
Berkley W R Corp reported a strong first quarter for 2026, with net income to common stockholders increasing by 23.4% to $515.2 million and basic earnings per share rising 24.8% to $1.31. The company also saw a 3.4% increase in net premiums earned, reaching $3.12 billion, and a 12.2% rise in net investment income to $404.3 million. Total assets grew to $44.32 billion, while significant share repurchases contributed to $339.1 million in cash used in financing activities.
Key Highlights
- Net income to common stockholders increased 23.4% to $515.2 million for Q1 2026.
- Basic earnings per share rose 24.8% to $1.31 for Q1 2026.
- Net premiums earned grew 3.4% to $3.12 billion for the quarter.
- Net investment income increased 12.2% to $404.3 million.
- Total assets increased to $44.32 billion at March 31, 2026, from $43.93 billion at December 31, 2025.
- Cash used in financing activities was $339.1 million, primarily due to $302.4 million in common treasury share repurchases.
- Reserves for losses and loss expenses increased to $22.62 billion from $22.21 billion.
Price Impact
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