WRB Shareholder/Stockholder Letter Transcript:
2023 Annual Report
W. R . Be rkley C o r p o ra t io n
M A R K T WA I N
ALWAYS DO RIGHT. THIS WILL
GRATIFY SOME PEOPLE AND
ASTONISH THE REST.
What O Clock Is It? by Thomas Hovenden
2023
W. R . B e r k l e y C o r p o r a t i o n
Annual Report
Table of contents
Financial Highlights 4
Selected Financial Data 6
Letter to Shareholders 7
W. R. Berkley Corporation Performance vs. S&P 500
12
Relative Stock Price Performance 13
Stability 16
Investments 18
Growth 20
Responsibility 22
Our Company 24
Our Business 25
Segment Overview 26
Segment Data 26
Investments 28
Form 10-K 29
Businesses 161
Board of Directors & Officers 170
Corporate Information 172
W. R. Berkley Corporation 2023 Annual Report
3
2023
Financial
highlights
4
BY TRANSFORMING CHALLENGES INTO
OPPORTUNITIES AND BRINGING TOGETHER TALENTED
PEOPLE AND CAPITAL, WE FEEL CONFIDENT THAT
WE WILL BE ABLE TO CONTINUE TO DELIVER
OUTSTANDING VALUE AND LONG-TERM RETURNS.
89.7
COMBINED RATIO
Averaged 91.5% over
the past 5 years
12.1B
TOTAL REVENUES
Increased by 57.9% over
the past 5 years
29.06 20.5
BOOK VALUE PER SHARE
Grew 81.9% before dividends
and share repurchases over
the past 5 years
RETURN ON STOCKHOLDERS' EQUITY
Averaged 15.7% over
the past 5 years
W. R. Berkley Corporation 2023 Annual Report
5
4/26/2024 Letter Continued (Full PDF)