WRB Q1 2024 Earnings — W. R. Berkley Corporation Revenue & Financial Results | Market Cap Arena

WRBW. R. Berkley Corporation

$26B

Q1 2024 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$3.3B+12.5% YoY

Gross Profit

$780M24.0% margin

Operating Income

$574M17.6% margin

Net Income

$442M13.6% margin

EPS (Diluted)

$1.09

QoQ Revenue Growth

+1.1%

Cash Flow

Operating Cash Flow

$746M

Free Cash Flow

$692M

Stock-Based Comp.

$13M

Balance Sheet

Total Assets

$37.9B

Total Liabilities

$30.1B

Stockholders' Equity

$7.8B

Cash & Equivalents

$1.2B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.3B	$2.9B	+12.5%
Gross Profit	$780M	$588M	+32.7%
Operating Income	$574M	$376M	+52.6%
Net Income	$442M	$294M	+50.4%

Revenue Segments

Insurance-Domestic Segment

$2.7B86%

Reinsurance and Monoline Excess Segment

$419M14%