W. R. Berkley First-Quarter Profit Up 5%
NU Online News Service, April 28, 1:14 p.m. EDT?The Greenwich, Conn.-based property-casualty insurer W. R. Berkley Corporation reported a 5 percent higher quarterly profit, driven by more profitable underwriting and higher investment income.[@@]
The insurer posted a first-quarter profit of $120.9 million, rising from $115.4 million one year ago. Net operating income, which excludes realized investment gains or losses, was $121 million, up from $96.8 million.
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