W. R. Berkley Corporation: A Bear’s Perspective!

W.R. Berkley Corporation concluded 2024 with record-breaking financial performance in both revenue and profit
metrics. The key highlights from the earnings discussion reveal that the company achieved a remarkable return on equity of 23.6% for the year, with operating return on equity at 22.4%. The fourth quarter operating earnings increased by 15.5% to $453 million, translating to $1.13 per share, highlighting strong overall business performance. The underwriting results were notable, with a current accident year combined ratio before catastrophe losses of 87.7%, consistent with the full year results.