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BERKLEY W R CORP (WRB)
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| Income Statement |
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Annual | Quarterly | TTM |
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| In millions, except per share items | Jun-30-23 | Jun-30-22 | Mar-31-22 | Jun-30-21 | Mar-31-21 | Dec-31-20 | Sep-30-20 | Jun-30-20 |
| | 10-Q | 10-Q | 10-Q | 10-Q | 10-Q | 10-K | 10-Q | 10-Q |
| Revenues: |
| Insurance | 2,442.6 | 2,192.6 | 2,109.2 | 1,852.1 | 1,718.5 | 1,716.4 | 1,628.4 | 1,517.2 |
| Corporate, Other and Eliminations | 148.2 | 147.7 | 126.3 | 128.6 | 120.9 | 161.2 | 114.3 | 105.6 |
| Insurance - International | | | 235.0 | 221.0 | 196.0 | | 183.0 | 149.0 |
| Total revenues | 117.5 | 117.0 | 117.4 | 106.8 | 101.7 | 102.5 | 89.1 | 85.6 |
| Revenue growth | 0.5% | 9.5% | 15.5% | 24.8% | 25.5% | 9.0% | 17.2% | 17.1% |
| Loss and loss adjustment expenses | 1,569.7 | 1,435.8 | 1,339.3 | 1,203.6 | 1,121.6 | 1,111.7 | 1,114.6 | 1,135.1 |
| Investment expenses | 1.7 | 2.0 | 2.0 | 2.1 | 1.5 | 2.8 | 1.8 | 1.9 |
| Other operating expenses | -1,911.0 | -1,543.4 | -1,956.2 | -1,398.9 | -1,317.4 | -1,435.0 | -1,233.7 | -1,156.9 |
| General and administrative | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 2,390.4 | 0.0 | 0.0 |
| Equity in earnings | | | | | | | | |
| EBITDA | | 232.8 | 754.9 | 336.7 | 377.3 | 461.9 | 238.7 | 145.4 |
| EBITDA margin | 388.9% | 199.0% | 642.8% | 315.2% | 371.0% | 450.6% | 267.9% | 169.8% |
| Depreciation | | 12.6 | 24.6 | 37.1 | 33.5 | 38.9 | 32.1 | 39.0 |
| EBIT | 457.1 | 220.2 | 730.3 | 299.6 | 343.7 | 423.0 | 206.6 | 106.4 |
| EBIT margin | 388.9% | 188.2% | 621.8% | 280.5% | 338.1% | 412.7% | 231.9% | 124.3% |
| Interest and other income (expense), net | -0.1 | -2.4 | -2.2 | -0.3 | 47.7 | | 0.2 | 0.9 |
| Interest expense, net [+] | 0.1 | 2.4 | 2.2 | 0.3 | -47.7 | 23.4 | -0.2 | -0.9 |
| Interest expense | | | | | | 23.6 | | |
| Interest income | | | | | | 0.2 | | |
| Pre-tax income | 457.2 | 222.6 | 732.4 | 299.9 | 296.1 | 399.4 | 206.4 | 105.4 |
| Income taxes | 101.5 | 43.1 | 139.4 | 62.3 | 64.4 | 86.9 | 54.0 | 33.8 |
| Tax rate | 22.2% | 19.4% | 19.0% | 20.8% | 21.7% | 21.8% | 26.2% | 32.0% |
| Minority interest | | | | | | 2.3 | | |
| Net income | 355.7 | 179.5 | 593.0 | 237.7 | 231.7 | 310.2 | 152.4 | 71.7 |
| Net margin | 302.7% | 153.4% | 504.9% | 222.5% | 227.9% | 302.6% | 171.0% | 83.7% |
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| Basic EPS | $1.31 | $0.65 | $2.14 | $0.86 | $0.83 | $1.11 | $0.82 | $0.39 |
| Diluted EPS | $1.30 | $0.64 | $2.12 | $0.85 | $0.83 | $1.10 | $0.81 | $0.38 |
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| Shares outstanding (basic) | 270.9 | 276.8 | 276.8 | 277.7 | 277.8 | 280.4 | 185.8 | 186.0 |
| Shares outstanding (diluted) | 273.1 | 279.5 | 279.2 | 280.7 | 280.2 | 283.1 | 187.7 | 187.9 |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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