W. R. Berkley Q2 net income doubles to $356 million; return on equity 21.1%
W. R. Berkley reported second-quarter 2023 net income to common stockholders of $356.3 million, or $1.30 per diluted share, up from $179.3 million, or $0.64 per diluted share, a year earlier. Operating income, which excludes investment gains and losses, was $310.9 million, or $1.14 per diluted share, compared with $313.4 million, or $1.12, in the second quarter of 2022. The filing does not include updated full-year guidance.
Key points
- Net income to common stockholders was $356.3 million, versus $179.3 million in the second quarter of 2022.
- Diluted earnings per share were $1.30, compared with $0.64 a year earlier; operating income per diluted share was $1.14, compared with $1.12.
- Gross premiums written rose 9.3% to $3.3 billion, and net premiums written rose 8.7% to $2.8 billion.
- The company returned $320.8 million to shareholders, including $292.5 million of share repurchases.
The filing
Written by AI on Nov 8, 2026, 1:10 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 20, 2023.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.