W. R. Berkley Corporation reported its financial results for the first quarter of 2025, revealing a total revenue of $3.55 billion, a 9% increase from $3.26 billion in the same period of 2024. The growth was primarily driven by a rise in net premiums earned, which reached $3.01 billion, up from $2.76 billion year-over-year. The company’s net income attributable to common stockholders was $417.6 million, a decrease from $442.5 million in the prior year, resulting in diluted earnings per share of $1.04 compared to $1.09.
The company experienced significant changes in its operational metrics, with net premiums written increasing by 10% to $3.13 billion, compared to $2.85 billion in the previous year. This growth was attributed to a 10% rise in gross premiums written, which reached $3.68 billion, bolstered by increases across various lines of business, particularly in the Insurance segment. The loss ratio for the consolidated business increased to 63.1% from 60.2%, influenced by higher catastrophe losses, notably from California wildfires, which amounted to $111 million in 2025.
Strategically, W. R. Berkley has continued to expand its operations, with a focus on specialty business niches and international markets. The company reported a 13% increase in net investment income to $360.3 million, driven by improved performance in investment funds, particularly in transportation and financial services. The company’s investment portfolio remains robust, with a significant portion allocated to fixed maturity securities, which totaled approximately $23.62 billion as of March 31, 2025.
Operationally, W. R. Berkley reported a slight decrease in its employee headcount, reflecting ongoing adjustments to align with market conditions. The company’s total assets increased to $41.35 billion, up from $40.45 billion at the end of 2024. The company also repurchased 850,000 shares of its common stock during the quarter, reflecting its commitment to returning value to shareholders. Looking ahead, W. R. Berkley remains cautiously optimistic, emphasizing the importance of premium adequacy and market conditions in shaping its future performance.
About BERKLEY W R CORP
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