WRB Q2 2023 Earnings — W. R. Berkley Corporation Revenue & Financial Results | Market Cap Arena

WRBW. R. Berkley Corporation

$26B

Q2 2023 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$3.0B+19.2% YoY

Gross Profit

$684M22.8% margin

Operating Income

$457M15.3% margin

Net Income

$356M11.9% margin

EPS (Diluted)

$0.87

QoQ Revenue Growth

+3.5%

Cash Flow

Operating Cash Flow

$709M

Free Cash Flow

$695M

Stock-Based Comp.

$13M

Balance Sheet

Total Assets

$35.3B

Total Liabilities

$28.4B

Stockholders' Equity

$6.9B

Cash & Equivalents

$1.8B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.0B	$2.5B	+19.2%
Gross Profit	$684M	$400M	+71.0%
Operating Income	$457M	$223M	+105.4%
Net Income	$356M	$179M	+98.7%

Revenue Segments

Insurance-Domestic Segment

$2.4B88%

Reinsurance and Monoline Excess Segment

$347M12%