From The Motley Fool · The Motley Fool Team · · 40s
W. R. Berkley: 3 Key Takeaways for Long-Term Investors
W. R. Berkley reports record underwriting profit and higher fixed income yields for long-term investors.
In brief
W. R. Berkley reports record underwriting profit and higher fixed income yields for long-term investors. W. R. Berkley's third-quarter profit rose 20% through technology automation and higher fixed income yields. Originally reported by The Motley Fool.
Record Underwriting Profit
W. R. Berkley reported $296 million in record third-quarter underwriting profit.
“Some of the activity that we're doing on the intake side is allowing us to become more efficient to the tune of 20% plus.”
Technology Automation Gains
Investments in data architecture and artificial intelligence drive 20% operational efficiency.
“Some of the activity that we're doing on the intake side is allowing us to become more efficient to the tune of 20% plus.”
Higher Fixed Income Yields
Rising bond yields expand earnings on $24 billion fixed income holdings.
“Income from fixed maturity securities increased 10.3% over the prior year's quarter”
Underwriting Discipline
Shrinking reinsurance exposure preserves capital in soft markets.
“As the reinsurance market remains competitive, we've been steadfast in maintaining our underwriting discipline”
The big picture
W. R. Berkley's third-quarter profit rose 20% through technology automation and higher fixed income yields.
