W. R. Berkley Corporation announced its third-quarter 2024 results, reporting a record net income to common stockholders of $365.6 million, an increase from $333.6 million in the prior-year quarter. Net income per diluted share rose to $0.91, up from $0.82 in the third quarter of 2023, demonstrating enhanced profitability.
The company achieved a calendar year combined ratio of 90.9%, which included 3.3 loss ratio points from catastrophe losses, reflecting disciplined underwriting despite market-wide events. Net premiums written grew to $3.06 billion, an increase from $2.85 billion in the third quarter of 2023, indicating continued business expansion.
Net investment income saw a significant increase of 19.5% over the prior year's third quarter, reaching $323.8 million, primarily driven by growth in fixed-maturity income. The company also reported a strong annualized return on beginning of year common stockholders' equity of 19.6%, underscoring its ability to generate value for shareholders.
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