Jul. 22 at 1:33 PM
$WRB beats earnings but faces rising catastrophe losses ⚠️
Operating income hit
$1.05 per share, beating the Zacks Consensus Estimate of
$1.03, with a year-over-year increase driven by higher underwriting gains and improved investment income. However, catastrophe losses widened to
$99.2M.
Full earnings breakdown here 👉 https://www.zacks.com/stock/news/2603541/wr-berkley-q2-earnings-and-revenues-surpass-estimates?cid=sm-stocktwits-2-2603541-body-3001&ADID=SYND_STOCKTWITS_TWEET_2_2603541_BODY_3001