W.R. Berkley Corp drops on Q1 results miss

W. R. Berkley

21/04/2023 16:49

** Shares of insurance holding co W.R. Berkley Corp  WRB.N 
hit over 1-year low; last down 10.7% at $56.61
    ** Co posts Q1 revenue of $2.90 bln vs $2.92 bln last year,
and misses market estimates of $2.91 bln - Refinitiv IBES data
    ** Reports EPS of $1.06, below est of $1.31
    ** Quarterly net income was $294.1 mln, a drop from $590.6
mln in Q1 2022
    ** Up to last close, stock had fallen 21.4% YTD
    
    

 (Reporting by Khushi Singh)
 ((Khushi.Singh@thomsonreuters.com;))