W.R. Berkley: 4Q Earnings Snapshot
GREENWICH, Conn. (AP) _ W.R. Berkley Corp. (WRB) on Tuesday reported fourth-quarter net income of $132.4 million.
The Greenwich, Connecticut-based company said it had net income of $1.03 per share. Earnings, adjusted for investment gains, were 91 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 76 cents per share.
The insurance company posted revenue of $1.95 billion in the period. Its adjusted revenue was $1.81 billion.
For the year, the company reported profit of $640.7 million, or $5 per share. Revenue was reported as $7.16 billion.
W.R. Berkley shares have increased 1 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $74.65, a climb of 4 percent in the last 12 months.