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W. R. Berkley Corp Reports 1Q Results Net Income of $119 Million, Return on Equity 13.2%


Posted on 27 Apr 2010

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W.R. Berkley Corporation, a financial services company focused on the property and casualty insurance business, on Monday reported net income for the first quarter of 2010 of $119 million, or 74 cents per share, compared with a loss of $20 million, or 13 cents per share, for the first quarter of 2009.

Operating income for the first quarter of 2010 was $112 million, or 70 cents per share, compared with $117 million, or 70 cents per share, for the corresponding quarter of 2009. Operating income is a non-GAAP financial measure defined by the company as net income excluding income and losses from investment funds and net investment gains and losses.


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