The company said net income for Q1 2024 rose 50.4% to $442 million, and operating income, a non-GAAP measure, rose 53.4% to a record $423 million.

1. 01

   The company said net income for Q1 2024 rose 50.4% to $442 million, and operating income, a non-GAAP measure, rose 53.4% to a record $423 million.

2. 02

   The company said net premiums written for Q1 2024 grew 10.7% to $2.9 billion. It said the reported combined ratio was 88.8%, compared with 90.6% a year earlier. The company also said current accident year catastrophe losses were $30.5 million.

3. 03

   W. R. Berkley said net investment income for Q1 2024 rose 43.2% to a record $319.8 million. The core portfolio accounted for $331,177 thousand, and investment funds for $(29,349) thousand.

4. 04

   W. R. Berkley said operating cash flow for Q1 2024 rose 67.6% to $746.2 million. Book value per share was $30.34 as of March 31, 2024, and $29.06 as of December 31, 2023.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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