W. R. Berkley’s Q2’25 income expands as NPW reach record $3.4bn

W. R. Berkley has disclosed net income for Q2 of 2025 at $401.3 million, up from $371.9 million in Q2 of 2024, while net premiums written grew to a record $3.4 billion.

The firm also posted a record net investment income of $379.3 million in Q2 of 2025, up from $372.1 million in the same period of 2024. Meanwhile, W. R. Berkley’s return on equity in Q2 of 2025 was 19.1% and its operating return on equity was 20%.

The current accident year combined ratio before catastrophe losses of 3.2 loss ratio points was 88.4%, with a reported combined ratio of 91.6% including current accident year catastrophe losses of $99.2 million.

W. R. Berkley reported total gross premiums written of $3.98 billion in Q2 2025, up from $3.72 billion in Q2 2024.

The Insurance segment was the largest contributor, generating $3.6 billion, followed by the Reinsurance & Monoline Excess segment with $370 million.

W. R. Berkley commented, “We continue to carefully manage the underwriting cycle in each market served by our specialised businesses.

“This disciplined approach has supported superior long-term, risk-adjusted returns and consistently lower volatility over decades.

“We remain confident in our ability to deliver exceptional value to shareholders throughout the remainder of 2025 and well into the future.”

Combining Q1 and Q2 results, the firm’s total gross premiums written for the first half of 2025 reached $7.66 billion, with net income totalling $818.9 million, both showing growth compared to the same period in 2024.

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