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W. R. Berkley Corporation records $456 million in third-quarter operating profit

The Motley Fool +1 ·

WRB W.R. Berkley Corp
$73.15 -1.26%
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  1. 1W. R. Berkley Corporation achieved a record $296 million in third-quarter underwriting profit.
  2. 2W. R. Berkley Corporation recorded $456 million in third-quarter operating profit.
  3. 3The reinsurance business is expected to shrink by between 10% and 20% in the future.

So what's the key point?

W. R. Berkley Corporation achieved a record performance with $456 million in operating profit during the third quarter. However, the reinsurance business is expected to decrease by about 10% to 20% moving forward.

Source The Motley Fool +1 · View original ↗

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