W.R. Berkley Q3 revenue falls more than expected

W. R. Berkley

19/10/2026 21:20

Overview
U.S. commercial insurer's Q3 revenue declined and missed analyst expectations
Adjusted EPS for Q3 rose and beat analyst expectations
Pre-tax underwriting income for insurance segment grew 10.6%

Outlook
Company did not provide specific financial guidance for the current qtr or full yr in the press release

Result Drivers
UNDERWRITING INCOME - Co said pre-tax underwriting income for insurance segment grew 10.6% due to focus on rate adequacy and terms and conditions
INVESTMENT INCOME - Co said net investment income rose to $383.5 mln, driven by a 12.0% increase in core portfolio and higher yields from fixed-maturity securities
RATE INCREASES - Co said average rate increases excluding workers compensation were about 4.0% across insurance segment

Company press release: ID:nBw8nhVlla

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Total Revenues
Miss
$3.74 bln
$3.83 bln (7 Analysts)
Q3 Adjusted EPS
Beat
$1.17
$1.15 (17 Analysts)
Q3 EPS
 
$1.14
 
Q3 Combined Ratio
 
90.80%
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 12 "hold" and 6 "sell" or "strong sell"
The average consensus recommendation for the property & casualty insurance peer group is "hold"
Wall Street's median 12-month price target for W. R. Berkley Corporation is $69.00, about 8.5% below its October 16 closing price of $75.42
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 15 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)