W.R. Berkley Corp. Reports Operating Results (10-K)

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Feb 28, 2012
W.R. Berkley Corp. (WRB, Financial) filed Annual Report for the period ended 2011-12-31.

Berkley (wr) Cp has a market cap of $4.97 billion; its shares were traded at around $35.82 with a P/E ratio of 16.9 and P/S ratio of 1. The dividend yield of Berkley (wr) Cp stocks is 0.9%. Berkley (wr) Cp had an annual average earning growth of 6.3% over the past 10 years.

Highlight of Business Operations:

As compared to a number of our competitors, we maintain significant retention levels in premiums written. We purchase less reinsurance, the process by which we transfer, or cede, part of the risk we have assumed to a reinsurance company, thereby retaining more risk. As a result, our earnings could be more volatile and increased severities are more likely to have a material adverse effect on our results of operations and financial condition.

Expenses from Wholly-Owned Investees. These expenses represent costs associated with aviation-related businesses that include cost of goods sold related to aircraft and other sales, labor and equipment costs related to repairs and other services and general and administrative expenses. Expenses from wholly-owned investees were $245 million in 2011 compared to $208 million in 2010 due to higher cost of aircraft sold as a result of higher sales volume.

Expenses from Wholly-Owned Investees. Expenses from wholly-owned investees were $208 million in 2010 compared to $183 million in 2009. These expenses represent costs associated with aviation-related businesses that were separately purchased in 2007, 2008 and 2009. These include cost of goods sold related to aircraft and other sales, labor and equipment costs related to repairs and other services and general and administrative expenses. The increase in 2010 expenses is due to the acquisition of an aviation company in June 2009, partially offset by lower cost of aircraft sales in 2010.

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