W.R. Berkley Corp. reported a record net income of approximately $365.6 million for Q3 2024, an increase from $333.6 million during the same quarter last year. The company attributed this growth to strong performance in underwriting and investments, with net premiums written rising by 7.3% to about $3.1 billion. While the consolidated combined ratio was slightly up at 90.9 from 90.2, the insurance segment experienced a significant rise in catastrophe losses, which increased 66.5% to $76.8 million. W.R. Berkley emphasized its focus on securing business that aligns with its targeted risk-adjusted return and maintaining rate adequacy and exposure management.
