WRB Q3 2023 Earnings — W. R. Berkley Corporation Revenue & Financial Results | Market Cap Arena

WRBW. R. Berkley Corporation

$26B

Q3 2023 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$3.0B+11.2% YoY

Gross Profit

$626M20.7% margin

Operating Income

$420M13.9% margin

Net Income

$334M11.0% margin

EPS (Diluted)

$0.82

QoQ Revenue Growth

+1.2%

Cash Flow

Operating Cash Flow

$1.1B

Free Cash Flow

$1.1B

Stock-Based Comp.

$13M

Balance Sheet

Total Assets

$36.1B

Total Liabilities

$29.2B

Stockholders' Equity

$6.9B

Cash & Equivalents

$1.6B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.0B	$2.7B	+11.2%
Gross Profit	$626M	$425M	+47.5%
Operating Income	$420M	$286M	+46.7%
Net Income	$334M	$229M	+45.7%

Revenue Segments

Insurance-Domestic Segment

$2.5B87%

Reinsurance and Monoline Excess Segment

$379M13%