Third quarter 2024 net income at W.R. Berkley Corp. increased nearly 40% compared to the same period a year ago
Net income was about $511 million for Q3 2025 compared to net income of about $365.6 million a year ago during the same period. Net investment gains were nearly $79 million compared to a loss of about $8 million for Q3 2024.
The consolidated combined ratio for the Greenwich, Connecticut-based commercial insurer in Q3 was 90.9—flat from last year during the same time. The company paid out catastrophe losses of $78.5 million during Q3.
The combined ratio in the insurance segment worsened slightly to 92.3 from 91.5 a year ago. Net premiums written here increased to about $2.81 billion from about $2.67 billion.
The company’s reinsurance business turned in a combined ratio of 81.1—5.6 points better than Q3 2024.
As of Sept. 30, net income at W.R. Berkley stood at about $1.33 billion, up 12.7%.
Related: ‘We’ll Have to See How This Plays Out,’ Says CEO Berkley on MGA Competitors | WR Berkley Forms Professional Lines Unit, Berkley Edge
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