W.R. Berkley: Q1 Earnings Snapshot
GREENWICH, Conn. (AP) _ W.R. Berkley Corp. (WRB) on Monday reported first-quarter earnings of $590.6 million.
On a per-share basis, the Greenwich, Connecticut-based company said it had net income of $2.12. Earnings, adjusted for investment gains, were $1.10 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 92 cents per share.
The insurance company posted revenue of $2.92 billion in the period. Its adjusted revenue was $2.55 billion, which missed Street forecasts. Four analysts surveyed by Zacks expected $2.58 billion.