W. R. Berkley Corporation Reports Third Quarter Results

Net Income of $221 Million, Return on Equity of 19.2%

Third quarter highlights included:

  • The combined ratio was 93.9%.
  • Investment income increased 9.3%.
  • Realized pre-tax gains of $176 million, including $135 million from the sale of Aero Precision Industries.
  • Total capital returned to shareholders of $139 million, including $62 million of share repurchases and $77 million of special and ordinary dividends.
  • Book value per share grew 8.5% for the first nine months of 2016.

read more at: http://www.wrberkley.com/news-and-events/press-releases/2016/10-25-2016-210145092.aspx