GREENWICH, Conn. (AP) — GREENWICH, Conn. (AP) — W.R. Berkley Corp. (WRB) on Monday reported first-quarter profit of $417.6 million.
The Greenwich, Connecticut-based company said it had profit of $1.04 per share. Earnings, adjusted for investment gains, were $1.01 per share.
The results matched Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of $1.01 per share.
The insurance company posted revenue of $3.55 billion in the period. Its adjusted revenue was $3.53 billion, surpassing Street forecasts. Three analysts surveyed by Zacks expected $3.45 billion.
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