W. R. Berkley Corporation Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2021
January 27, 2022 at 04:13 pm EST
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W. R. Berkley Corporation reported earnings results for the fourth quarter and full year ended December 31, 2021. For the fourth quarter, the company reported revenue was USD 2,578.23 million compared to USD 2,312.47 million a year ago. Net income was USD 294.43 million compared to USD 312.15 million a year ago. Basic earnings per share from continuing operations was USD 1.0667 compared to USD 1.12 a year ago. Diluted earnings per share from continuing operations was USD 1.06 compared to USD 1.1133 a year ago.
For the full year, revenue was USD 9,455.47 million compared to USD 8,098.93 million a year ago. Net income was USD 1,022.49 million compared to USD 530.67 million a year ago. Basic earnings per share from continuing operations was USD 3.6867 compared to USD 1.8933 a year ago. Diluted earnings per share from continuing operations was USD 3.6533 compared to USD 1.8733 a year ago.
W. R. Berkley Corporation is a holding company organised around 2 areas of activity:
- insurance (87.4% of net written premiums): non-life insurance (property, accident, health, professional liability, energy and marine, automobile, home, travel, fire, commercial, engineering and miscellaneous risks) and life insurance;
- reinsurance (12.6%): business insured mainly in the United States, the United Kingdom, continental Europe, Australia, Asia-Pacific and South Africa.