W.R. Berkley: 3Q Earnings Snapshot
GREENWICH, Conn. (AP) _ W.R. Berkley Corp. (WRB) on Tuesday reported third-quarter net income of $161.9 million.
On a per-share basis, the Greenwich, Connecticut-based company said it had net income of $1.26. Earnings, adjusted for investment gains, were $1.13 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 83 cents per share.
The insurance company posted revenue of $1.94 billion in the period. Its adjusted revenue was $1.92 billion.
W.R. Berkley shares have climbed almost 1 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $72.20, a rise of 3 percent in the last 12 months.