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W.R. Berkley WRB Unfavorable reserve development net of premium offsets

Discontinued — last reported Q1 '23

Segments

By segment

Insurance$8M-27.3%

Other financials

Income statement

Revenue$3.7B+4.0%

Net income$515.2M+23.4%

EPS (diluted)$1.31+26.0%

Balance sheet

Cash & equivalents$2.3B+32.6%

Total debt$255.7M+14.7%

Total equity$9.7B+9.3%

Total assets$44.3B+7.2%

Cash flow

Operating cash flow$667.9M-10.2%

Valuation

Market cap$26.26B-2.2%

Enterprise value$24.23B-3.5%

P/E14×-1.3×

P/S1.8×-0.1×

Profitability

Net margin12.6%+0.2pp

FCF margin13.7%—

Returns & leverage

Return on equity20.1%-0.6pp

Debt / equity0×0.0×

Where this comes from

Reported directly by W.R. Berkley in its filing.

Tagged under the XBRL concept wrb:UnfavorableReserveDevelopmentNetOfPremiumOffsets.

The official record: W.R. Berkley’s 10-Q, filed November 3, 2023, on SEC EDGAR. View the filing →

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Questions, answered.

What is W.R. Berkley's unfavorable reserve development net of premium offsets?: W.R. Berkley (WRB) reported unfavorable reserve development net of premium offsets of $24M in Q1 2023.