WRB Q1 2023 Earnings — W. R. Berkley Corporation Revenue & Financial Results | Market Cap Arena

WRBW. R. Berkley Corporation

$26B

Q1 2023 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$2.9B-0.7% YoY

Gross Profit

$588M20.3% margin

Operating Income

$376M13.0% margin

Net Income

$294M10.2% margin

EPS (Diluted)

$0.71

QoQ Revenue Growth

-3.9%

Cash Flow

Operating Cash Flow

$445M

Free Cash Flow

$434M

Stock-Based Comp.

$12M

Balance Sheet

Total Assets

$34.3B

Total Liabilities

$27.3B

Stockholders' Equity

$6.9B

Cash & Equivalents

$1.2B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.9B	$2.9B	-0.7%
Gross Profit	$588M	$896M	-34.4%
Operating Income	$376M	$732M	-48.7%
Net Income	$294M	$591M	-50.2%

Revenue Segments

Insurance-Domestic Segment

$2.4B87%

Reinsurance and Monoline Excess Segment

$362M13%