W. R. Berkley said it reported net income to common stockholders of $446,005 thousand ($1.14 per diluted share) and operating income of $456,541 thousand ($1.17 per share) for Q3 2026. The figures for Q3 2025 were $511,032 thousand and $440,198 thousand, respectively.

1. 01

   W. R. Berkley said it reported net income to common stockholders of $446,005 thousand ($1.14 per diluted share) and operating income of $456,541 thousand ($1.17 per share) for Q3 2026. The figures for Q3 2025 were $511,032 thousand and $440,198 thousand, respectively.

2. 02

   The company reported a consolidated GAAP combined ratio of 90.8% (loss ratio of 62.2%, expense ratio of 28.6%) for Q3 2026, and said the ratio for Q3 2025 was 90.9%. For the same quarter, the GAAP combined ratio for the Insurance segment was 91.7%.

3. 03

   W. R. Berkley said net investment income for Q3 2026 rose to $383,537 thousand, up from $351,238 thousand in Q3 2025. Of this total, the core portfolio contributed $369,122 thousand and investment funds contributed $2,123 thousand.

4. 04

   The company said it repurchased 6,465,878 shares for $435.1 million over the 9 months ended 2026. It also reported that cash flow from operations for Q3 was $731,333 thousand, lower than $1,139,860 thousand in Q3 2025.

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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