W. R. Berkley Corporation Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013
January 29, 2014 at 02:38 am IST
W. R. Berkley Corporation reported consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported net income to common share holders of $130.4 million or $0.93 diluted income per share on total revenues of $1,697 million compared to net income to common share holders of $165.5 million or $1.17 diluted income per share on total revenues of $1,608.6 million for the corresponding period last year. Income before income taxes was $181.7 million against $232.5 million of prior year period. Net premiums earned were $1,383 million against $1,234 million of prior year period. Book value per share was $32.79 against $31.66 of prior year period. Cash flow from operations was $193.1 million against $222.1 million of prior year period.
For the year ended, the company reported net income to common share holders of $500 million or $3.55 diluted income per share on total revenues of $6,408.5 million compared to net income to common share holders of $511 million or $3.56 diluted income per share on total revenues of $5,823.6 million for the corresponding period last year. Income before income taxes was $699 million against $701.9 million of prior year period. Net premiums earned were $5,226 million against $4,674 million of prior year period. Cash flow from operations was $820 million against $675.5 million of prior year period.