W.R. Berkley: Q2 Earnings Snapshot

July 21, 2022 GMT

GREENWICH, Conn. (AP) _ W.R. Berkley Corp. (WRB) on Thursday reported second-quarter net income of $179.3 million.

On a per-share basis, the Greenwich, Connecticut-based company said it had profit of 64 cents. Earnings, adjusted for investment costs, were $1.12 per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 84 cents per share.

The insurance company posted revenue of $2.51 billion in the period. Its adjusted revenue was $2.68 billion, which also topped Street forecasts. Three analysts surveyed by Zacks expected $2.56 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WRB at https://www.zacks.com/ap/WRB