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Last €48.11 EUR
Change Today +0.284 / 0.59%
Volume 0.0
As of 2:01 AM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

wr berkley corp (WR1) Snapshot

Open
€48.11
Previous Close
€47.83
Day High
€48.11
Day Low
€48.11
52 Week High
08/18/15 - €52.71
52 Week Low
08/29/14 - €35.78
Market Cap
5.9B
Average Volume 10 Days
55.2
EPS TTM
--
Shares Outstanding
123.4M
EX-Date
09/3/15
P/E TM
--
Dividend
€0.48
Dividend Yield
2.44%
Current Stock Chart for WR BERKLEY CORP (WR1)

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wr berkley corp (WR1) Details

W. R. Berkley Corporation, an insurance holding company, operates as commercial lines writers primarily in the United States. The company operates in three segments: Insurance-Domestic, Insurance-International, and Reinsurance-Global. The Insurance-Domestic segment underwrites risks of various business lines, including premises operations, commercial automobile, property, general liability, products liability, and professional liability lines. This segment also provides commercial insurance products and services to small-to-mid-sized businesses, and state and local governmental entities primarily in 45 states and the District of Columbia; and services comprising claims, administrative, and consulting services. The Insurance-International segment underwrites specialty, casualty, property, automobile, group life and health and workers' compensation, professional indemnity, directors’ and officers’ liability, medical malpractice, general liability, personal accident and travel, engineering and construction, and surety lines of business in approximately 60 countries. The Reinsurance-Global segment offers other insurance companies and self-insureds with assistance in managing their net risk through reinsurance on a portfolio basis through treaty reinsurance or on an individual basis through facultative reinsurance. W. R. Berkley Corporation was founded in 1967 and is based in Greenwich, Connecticut.

7,521 Employees
Last Reported Date: 02/27/15
Founded in 1967

wr berkley corp (WR1) Top Compensated Officers

Founder, Chairman, Chief Executive Officer an...
Total Annual Compensation: $1.0M
President, Chief Operating Officer, Director ...
Total Annual Compensation: $850.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $1.1M
Executive Vice President and Secretary
Total Annual Compensation: $625.0K
Executive Vice President of Investments
Total Annual Compensation: $625.0K
Compensation as of Fiscal Year 2014.

wr berkley corp (WR1) Key Developments

W.R. Berkley Corporation Declares Regular Quarterly Cash Dividend, Payable on October 1, 2015

W.R. Berkley Corporation announced that its Board of Directors has declared a regular quarterly cash dividend on its common stock of 12 cents per share to be paid on October 1, 2015 to stockholders of record at the close of business on September 8, 2015.

W. R. Berkley Corporation Announces Executive Changes

W. R. Berkley Corporation's Board of Directors announced that the company's founder and its current chairman and chief executive officer, William R. Berkley, will become executive chairman on October 31, 2015. At that time, W. Robert Berkley, Jr. will assume the role of chief executive officer, continuing the transition plan implemented by the Board of Directors when he was appointed president and chief operating officer in 2009. As executive chairman, William R. Berkley will continue to be fully engaged in the company's activities, primarily focused on investments and strategy as W. Robert Berkley, Jr. expands his portfolio of responsibilities beyond the insurance and reinsurance operations to include many of the holding company activities.

W.R. Berkley Corporation Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

W.R. Berkley Corporation reported consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported operating income of $105 million or $0.81 per share, which is almost unchanged from $109 million or $0.82 per share a year ago. The slight decline in earnings was a result of higher underwriting profits that were offset by a modest decline in investment income. Overall pretax underwriting profits were up 9% to $87 million. Investment income was $128 million, that's down $11 million from a year ago. The decline was primarily related to lower earnings from merger arbitrage account, which broke even in the quarter compared with income of $7 million in last year's second quarter. Pretax ROE was 15.5%. After-tax ROE was 10.7%. Net income attributable to common stockholders for the second quarter ended June 30, 2015 was $123.03 million, or $0.95 per diluted share, compared to $179.96 million, or $1.35 per diluted share, for the same quarter ended June 30, 2014. Total revenues for the second quarter ended June 30, 2015 were $1.79 billion, compared to $1.80 billion for the same quarter ended June 30, 2014. Net premiums earned were $1,493.041 million against $1,417.645 million a year ago. Income before income taxes was $178.187 million against $263.454 million a year ago. Cash flow from operations was $271.871 million against $111.459 million a year ago. For the six months ended, the company reported net income attributable to common stockholders for the six months ended June 30, 2015 was $241.34 million, or $1.84 per diluted share, compared to $349.63 million, or $2.60 per diluted share, for the same period ended June 30, 2014. Total revenues for the six months ended June 30, 2015 were $3.53 billion, compared to $3.50 billion for the same period ended June 30, 2014. Net premiums earned were $2,965.054 million against $2,781.257 million a year ago. Income before income taxes was $346.904 million against $511.039 million a year ago. Cash flow from operations was $332.883 million against $254.623 million a year ago. Book value per share as at end of the period was $36.76 against $36.21 a year ago. Tangible book value per share as at end of the period was $35.22 against $34.72 a year ago.

 

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Industry Analysis

WR1

Industry Average

Valuation WR1 Industry Range
Price/Earnings 13.3x
Price/Sales 0.9x
Price/Book 1.5x
Price/Cash Flow 12.4x
TEV/Sales 0.4x
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