Catastrophe Losses$111mn in pre-tax catastrophe losses was notably elevated, despite Berkley having no homeowners’ exposure to the January LA wildfires.
Earnings PerformanceWRB shares should trade down on earnings as the shortfall in the insurance underlying loss ratio, adverse development in insurance, and concern surrounding potential impact of tariffs should weigh on the shares.
Reserve ManagementThe estimated Other Liability Occurrence reserve deficiency has weakened for WRB, placing it most at risk compared to peers.