WR Berkley Q2 Net Income Up Near 8% on Underwriting, Investments

Second quarter 2024 net income at W.R. Berkley Corp. increased nearly 8% compared to the same period a year ago

Net income was about $401.3 million for Q2 2025 compared to net income of $371.9 million a year ago during the same period.

The consolidated combined ratio for the Greenwich, Connecticut-based commercial insurer in Q2 was 91.6 compared to 91.1 for Q2 2024.

The company paid out $99.2 million in catastrophe losses April through June 2025 but it also posted net premiums written of $3.4 billion—a record, the company said—as it continues to “focus on business with the highest margin potential.”

“We continue to carefully manage the underwriting cycle in each market served by our specialized businesses,” said the insurer, which also booked record net investment income of about $379.3 million in Q2.

Net premiums written in W.R. Berkley’s insurance segment were about $3 billion in Q2, up from about $2.8 billion in Q2 2024. The combined ratio for Q2 was steady at 92.1 compared to 92.4 last year. Average rate increases during the quarter were about 7.6%, excluding workers’ compensation, Berkley said.

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