W. R. Berkley Q3 net income rose 39.8% to $511.0 million; diluted EPS $1.28
W. R. Berkley reported third quarter 2025 net income to common stockholders of $511.0 million, or $1.28 per diluted share, up from $365.6 million, or $0.91, a year earlier. Operating income rose to $440.2 million, and the reported combined ratio was 90.9%, unchanged from the prior-year quarter, so shareholders saw higher profit with steady underwriting results.
Key points
- Net income $511.0 million ($1.28 per diluted share) vs. $365.6 million ($0.91) in Q3 2024
- Operating income $440.2 million ($1.10 per diluted share) vs. $393.0 million ($0.98) in Q3 2024
- Reported combined ratio 90.9%, the same as Q3 2024; current accident year catastrophe losses $78.5 million
- Record common stockholders' equity of $9.8 billion; book value per share $25.79 at September 30, 2025
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 October 20, 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.