Recap: WR Berkley Q3 Earnings

Shares of WR Berkley WRB were unchanged in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share decreased 23.53% over the past year to $0.65, which missed the estimate of $0.71.

Revenue of $2,040,000,000 higher by 3.76% from the same period last year, which were in line with the estimate of $2,040,000,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

How To Listen To The Conference Call

Date: Oct 20, 2020

Time: 05:00 PM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fir.berkley.com%2Fhome%2Fdefault.aspx&eventid=2628517&sessionid=1&key=B551AC3FE225311D9808ED5017D6CB73&regTag=&sourcepage=register

Technicals

52-week high: $79.92

Company's 52-week low was at $43.05

Price action over last quarter: down 1.11%

Company Overview

W.R. Berkley is an insurance holding company with a host of subsidiaries that primarily write commercial casualty insurance. The firm specializes in niche products that include various excess and surplus lines, workers' compensation insurance, self-insurance consulting, reinsurance, and regional commercial lines for small and midsize businesses.