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.
W. R. Berkley Corp Reports 1Q Results Net Income of $119 Million, Return on Equity 13.2%
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.
Published on April 27, 2010
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