WR Berkley Corp

WRB: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$14.00	Gprkf	Vnmjwdvt

W.R. Berkley Earnings: A Hard Market Continues To Drive Good Results

Brett Horn

Apr 20, 2023

Like its peers, W.R. Berkley has benefited from the hard commercial insurance market in recent quarters, and we continue to believe the company's underwriting discipline gives it more leverage to the current situation. We think the annualized return on equity of 17% for the quarter supports this view, and that the narrow-moat company remains well-positioned given current industry trends. We will maintain our $63 fair value estimate and see shares as fairly valued.

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