Author Topic: WRB - WR Berkley  (Read 20430 times)

Bronco

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Re: WRB - WR Berkley
« Reply #30 on: March 02, 2011, 06:25:48 AM »
I guess I combined 2 concepts in 1, but in short

1) Adding value to SH's that exceeds (by a decent amount) the compensation
2) Can someone add the same value to SH's at a lower compensation?


S2S

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Re: WRB - WR Berkley
« Reply #31 on: March 02, 2011, 06:44:12 AM »
To me, the problem with huge compensation is not whether or not someone is worth it. It's more to do with love. What do they love more: running the business or the money?

Why not both? Maybe it's just me, but most on this board seem to love both (1) money and (2) the game of investing. :D

onyx1

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Re: WRB - WR Berkley
« Reply #32 on: March 02, 2011, 07:09:27 AM »
I think Berkley provides lots of incremental return because of the nature of the industry he is in.  This isn't KO.  To be effective in P&C, you must be really good at underwriting, reserving, cycle management, investments, risk, capital allocation, new business, and more.  He is involved in every detail of his business.

Regarding the buybacks it wouldn't surprise me to see them slow down.  I get the sense from the CC's they are conserving capital for a hard market in the near term.

Liberty

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Re: WRB - WR Berkley
« Reply #33 on: April 11, 2011, 08:39:11 AM »
2010 annual report is out:

http://ir.wrberkley.com/financials.cfm
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Liberty

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Re: WRB - WR Berkley
« Reply #34 on: April 25, 2011, 02:34:06 PM »
http://www.businesswire.com/news/home/20110425006250/en/W.-R.-Berkley-Corporation-Reports-Quarter-Results

"W. R. Berkley Corporation (NYSE: WRB) today reported net income for the first quarter of 2011 of $116 million, or 79 cents per share, compared with $119 million, or 74 cents per share, for the first quarter of 2010."

Net premiums written increased 10%.
GAAP combined ratio was 96.3%.
Return on equity was 12.6%.
Book value per share was $26.78.
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Liberty

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Re: WRB - WR Berkley
« Reply #35 on: May 17, 2011, 12:18:59 PM »
http://www.businesswire.com/news/home/20110517007044/en/W.-R.-Berkley-Corporation-Increases-Dividend-14

Quote
W. R. Berkley Corporation (NYSE: WRB) announced today that its Board of Directors has voted to increase the cash dividend to an annual rate of 32 cents per share, representing a 14% increase from the present rate. The first quarterly dividend at the new rate of eight cents per share will be paid on July 1, 2011 to stockholders of record at the close of business on June 14, 2011.
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Re: WRB - WR Berkley
« Reply #36 on: June 22, 2011, 10:52:52 AM »
http://ir.wrberkley.com/releasedetail.cfm?ReleaseID=586605

Quote
W. R. Berkley Corporation (NYSE: WRB) today reported estimated pre-tax losses of approximately $65 million from the numerous severe U.S. storms that occurred in April and May 2011. The Company's loss estimate is net of reinsurance and includes reinstatement premiums. Today's preliminary estimate of pre-tax storm losses for April and May exceeds the losses contemplated in the Company's budget for the full second quarter by approximately $35 million.
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Liberty

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Re: WRB - WR Berkley
« Reply #37 on: July 25, 2011, 01:46:27 PM »
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onyx1

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Re: WRB - WR Berkley
« Reply #38 on: August 08, 2011, 11:46:39 AM »
WRB now offered at BV.

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