The earnings call highlighted a strong financial performance with record net premiums and investment income growth. However, there were concerns regarding catastrophe losses, foreign currency losses, and increased competition in the property reinsurance market. The company expressed caution regarding the MGA market's growth fueled by inexperienced entrants. Despite these challenges, the company's capital management remains effective, supporting a positive outlook.

Company Guidance -

Q3 2025

In their second quarter 2025 earnings call, W. R. Berkley Corporation provided comprehensive guidance on their financial performance and strategic outlook. The company reported a net income per diluted share of $1, marking an 8.7% increase over the previous year, and an annualized return on beginning of year equity of 19.1%. Operating earnings were $420 million, or $1.05 per share, yielding a 20% annualized return. The combined ratio before catastrophe losses was 88.4%, with a current accident year loss ratio of 59.9% and an expense ratio of 28.5%. Catastrophe losses were $99 million, consistent with the prior year's impact despite an increased dollar amount due to growth in the property book. Net premiums written reached a record $3.4 billion, supporting an impressive underwriting income of $261 million. The investment portfolio also performed well, with net investment income hitting $379 million, driven by strong results from sectors like transportation and financial services, and a book yield increase to 4.7%. The effective tax rate stood at 23.2%, while stockholders' equity rose by $380 million to $9.3 billion. The company's balance sheet remains robust with cash and cash equivalents exceeding $2 billion and a financial leverage of 23.4%. The leadership expressed confidence in their strategy to maintain high risk-adjusted returns and continue growing earnings, despite acknowledging challenges like social inflation, macroeconomic factors, and industry cyclicality.

Strong Financial Performance

Net income per diluted share increased 8.7% over the prior year to $1 per share, with an annualized return on beginning of year equity of 19.1%.

Record Net Premiums

Net premiums earned reached a quarterly record of $3.1 billion, with net premiums written increasing to a record $3.4 billion in the quarter.

Investment Income Growth

Record net investment income of $379 million, with fixed maturity securities improving 16.5% year-over-year.

Stockholders' Equity Growth

Stockholders' equity increased by more than $380 million or 4.3% over the first quarter of 2025 to a record $9.3 billion.

Effective Capital Management

Paid ordinary and special dividends of $224 million, with growth in book value per share before dividends at 6.8% in the quarter and 14.3% year-to-date.

W. R. Berkley Corporation (WRB) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

WRB Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 27, 2025	2025 (Q3)	1.04 / -	0.93	―	―	―
Jul 21, 2025	2025 (Q2)	1.03 / 1.05	1.04	0.96% (+0.01)	―
Apr 21, 2025	2025 (Q1)	0.98 / 1.01	1.04	-2.88% (-0.03)	―
Jan 27, 2025	2024 (Q4)	0.96 / 1.13	0.967	16.86% (+0.16)	―
Oct 21, 2024	2024 (Q3)	0.92 / 0.93	0.9	3.33% (+0.03)	―
Jul 22, 2024	2024 (Q2)	0.92 / 1.04	0.76	36.84% (+0.28)	―
Apr 23, 2024	2024 (Q1)	0.95 / 1.04	0.667	55.92% (+0.37)	―
Jan 24, 2024	2023 (Q4)	0.92 / 0.97	0.773	25.10% (+0.19)	―
Oct 23, 2023	2023 (Q3)	0.79 / 0.90	0.673	33.73% (+0.23)	―
Jul 20, 2023	2023 (Q2)	0.72 / 0.76	0.747	1.74% (+0.01)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

WRB Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 21, 2025	$67.80	$68.54	+1.09%
Apr 21, 2025	$66.79	$70.28	+5.23%
Jan 27, 2025	$58.65	$58.79	+0.24%
Oct 21, 2024	$59.89	$57.43	-4.11%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does W. R. Berkley Corporation (WRB) report earnings?

W. R. Berkley Corporation (WRB) is schdueled to report earning on Oct 27, 2025, After Close (Confirmed).

What is W. R. Berkley Corporation (WRB) earnings time?

W. R. Berkley Corporation (WRB) earnings time is at Oct 27, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is WRB EPS forecast?

WRB EPS forecast for the fiscal quarter 2025 (Q3) is 1.04.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing