W.R. Berkley: 2Q Earnings Snapshot
GREENWICH, Conn. (AP) _ W.R. Berkley Corp. (WRB) on Tuesday reported second-quarter net income of $180.1 million.
On a per-share basis, the Greenwich, Connecticut-based company said it had profit of $1.40. Earnings, adjusted for investment gains, were 97 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 82 cents per share.
The insurance company posted revenue of $1.91 billion in the period. Its adjusted revenue was $1.76 billion.
W.R. Berkley shares have climbed nearly 4 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $74.27, an increase of 4 percent in the last 12 months.