W.R. Berkley: 2Q Earnings Snapshot
GREENWICH, Conn. (AP) _ W.R. Berkley Corp. (WRB) on Tuesday reported second-quarter earnings of $216.7 million.
The Greenwich, Connecticut-based company said it had profit of $1.12 per share. Earnings, adjusted for investment gains, were 82 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 64 cents per share.
The insurance company posted revenue of $2.02 billion in the period. Its adjusted revenue was $1.86 billion.
W.R. Berkley shares have climbed 35% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $66.64, a climb of 34% in the last 12 months.