W. R. Berkley (WRB) Q3 Earnings Report Preview: What To Look For

Property casualty insurer W. R. Berkley (NYSE:WRB) will be reporting earnings this Monday after market hours. Here’s what to expect.

W. R. Berkley beat analysts’ revenue expectations by 1% last quarter, reporting revenues of $3.67 billion, up 10.8% year on year. It was a slower quarter for the company, with a significant miss of analysts’ book value per share estimates and a narrow beat of analysts’ EPS estimates.

Is W. R. Berkley a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting W. R. Berkley’s revenue to grow 9% year on year to $3.71 billion, slowing from the 12.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.10 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. W. R. Berkley has missed Wall Street’s revenue estimates three times over the last two years.

Looking at W. R. Berkley’s peers in the insurance segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Travelers delivered year-on-year revenue growth of 5%, beating analysts’ expectations by 0.9%, and Progressive reported revenues up 14.2%, in line with consensus estimates. Travelers traded down 2.7% following the results while Progressive was also down 7.8%.

Read our full analysis of Travelers’s results here and Progressive’s results here.

The outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. While some of the insurance stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 4.3% on average over the last month. W. R. Berkley is up 1.5% during the same time and is heading into earnings with an average analyst price target of $75.27 (compared to the current share price of $74.46).

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