W. R. Berkley Q1 profit falls to $417.6 million as premiums hit record $3.1 billion
W. R. Berkley reported first-quarter 2025 net income to common stockholders of $417.6 million, or $1.04 per diluted share, down from $442.5 million, or $1.09 per diluted share, a year earlier. Total revenues rose to $3.55 billion from $3.26 billion, and net premiums written reached a record $3.1 billion, but the reported combined ratio worsened to 90.9% from 88.8%, partly due to $111.1 million of catastrophe losses.
Key points
- Net income to common stockholders was $417.6 million versus $442.5 million in Q1 2024; diluted EPS was $1.04 versus $1.09.
- Total revenues were $3.55 billion versus $3.26 billion in Q1 2024.
- Reported combined ratio was 90.9% versus 88.8%, including $111.1 million of current accident year catastrophe losses.
- Net premiums written grew 10% to a record $3.1 billion, and return on equity was 19.9%.
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 April 21, 2025.
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.