WR Berkley

Q2 FY2026 EarningsQ2 FY26 gross premiums written reached a record $4.1B, up 4.2% YoY. Net investment income grew 10.4% YoY to a record $418.7M, driven by higher portfolio yields in a $34.2B investment base. Operating ROE remained strong at 20.5%, with a consolidated GAAP combined ratio of 90.0% (down 1.6pct YoY). Net income hit $452.3M, or $1.15 per diluted share, while the company returned $334.1M to shareholders via dividends and buybacks.