Report
Brett Horn, CFA
EUR 101.80 For Business Accounts Only

W.R. Berkley is a well-run insurer operating in attractive niches.

W.R. Berkley’s first-quarter results were a little soft, reflecting some industry headwinds and investments the company is making. The net result was an annualized ROE of 9.8% for the quarter, representing only a very slight spread above our estimate of the cost of equity. Given W.R. Berkley’s underwriting discipline and a weakening pricing environment, we would expect the company’s performance to falter a bit in the current environment, but continue to believe that the company is well-positione...
Underlying
W. R. Berkley Corporation

W. R. Berkley is an insurance holding company. The company operates in two segments of the property casualty insurance business: Insurance, which includes commercial insurance business, including excess and surplus lines, admitted lines and specialty personal lines throughout the United States, as well as insurance business in the United Kingdom, Continental Europe, South America, Canada, Mexico, Scandinavia, Asia and Australia; and Reinsurance, which provides reinsurance business on a facultative and treaty basis, primarily in the United States, the United Kingdom, Continental Europe, Australia, the Asia-Pacific region and South Africa.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Brett Horn, CFA

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