W. R. Berkley Corp. reported a 22 percent jump in second-quarter net income yesterday, with double-digit net premium growth from its specialty operations and underwriting profits in all five of it operating units driving the result.
Second-quarter net income for the Greenwich, Conn.-based firm was $134 million, or $1.01 per share, compared to $109 million, or 83 cents per share, a year ago.
While realized capital gains of investment sales dropped–to $6.1 million from $9.9 million last year–investment income (from interest and dividends) soared 36 percent to $93.6 million.
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