W. R. Berkley (NYSE:WRB) First Quarter 2024 Results

Key Financial Results

• Revenue: US$3.26b (up 13% from 1Q 2023).

• Net income: US$442.5m (up 50% from 1Q 2023).

• Profit margin: 14% (up from 10% in 1Q 2023). The increase in margin was driven by higher revenue.

• EPS: US$1.65 (up from US$1.07 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

W. R. Berkley EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 12%.

Looking ahead, revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Insurance industry in the US.

Performance of the American Insurance industry.

The company's shares are down 3.5% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on W. R. Berkley's balance sheet health.

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