W. R. Berkley Corporation Reports Strong Q2 2025 Financial Performance with $401.3M Net Income

W. R. Berkley Corporation reported a strong financial performance for the second quarter of 2025, with net income to common stockholders reaching $401.3 million, a 7.8% increase from $371.9 million in the same period last year. The company’s diluted earnings per share rose to $1.00, compared to $0.92 in the prior year. For the first half of 2025, net income totaled $818.9 million, slightly up from $814.4 million in 2024. The increase in profitability was attributed to higher net investment gains, which improved by $69 million, and a rise in net investment income, primarily driven by performance in transportation and financial services funds.

Total revenues for the second quarter amounted to $3.67 billion, up from $3.31 billion in the previous year, driven by a 9% increase in net premiums earned, which reached $3.1 billion. The company reported net premiums written of $3.35 billion for the quarter, a 7.2% increase from $3.13 billion in Q2 2024. The Insurance segment saw gross premiums written increase by 7% to $3.61 billion, while the Reinsurance & Monoline Excess segment reported a 4% rise to $370.9 million. The overall gross premiums written for the first half of 2025 were $7.66 billion, reflecting an 8% increase from $7.08 billion in the same period last year.

In terms of operational metrics, the company’s loss ratio for the second quarter was 63.1%, slightly higher than the 62.6% reported in the previous year, primarily due to increased catastrophe losses, particularly from California wildfires. The expense ratio remained stable at 28.5%. The company’s total assets increased to $42.66 billion as of June 30, 2025, compared to $40.45 billion at the end of 2024, with total stockholders' equity rising to $9.3 billion.

W. R. Berkley has also been active in strategic developments, including the formation of new operating units to capitalize on market opportunities in sectors such as healthcare and cyber security. The company continues to focus on geographic expansion, particularly in international markets, which contributed to a diversified revenue stream. The company’s investment strategy remains robust, with a significant portion of its portfolio in fixed maturity securities, which totaled approximately $24.09 billion as of June 30, 2025.

Looking ahead, W. R. Berkley anticipates continued growth in premiums and investment income, although it acknowledges potential challenges from market volatility and economic conditions. The company remains committed to maintaining a strong balance sheet and effective risk management practices to navigate the evolving landscape of the insurance and reinsurance sectors.