W. R. BERKLEY CORP WRB Income Statement

W. r. berkley corp (WRB)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
REVENUES:
Premiums Written, Net
1,845	1,660	1,749	1,743	1,709	1,519	1,624	1,624	1,665	1,478	1,571	1,564	1,646	1,510	1,607	1,642	1,663	1,499	1,571	1,543	1,575	1,455	1,525	1,489	1,525	1,357	1,423	1,341	1,376	1,143	1,275	1,275	1,203	33	1,126	1,057	2,140	918	986	961	983	969	908
Change in net unearned premiums
-154	56	-73	-96	-116	99	-20	-43	-97	112	10	4	-76	110	-21	-82	-136	44	-39	-50	-103	46	-64	-72	-162	25	-94	-59	-144	-328	89	-89	103	-447	70	40	140	-70	19	13	53	26	-42
Premiums Earned, Net
1,691	1,716	1,676	1,646	1,592	1,619	1,603	1,581	1,567	1,591	1,581	1,568	1,570	1,620	1,585	1,559	1,527	1,543	1,531	1,493	1,472	1,502	1,460	1,417	1,363	1,383	1,328	1,282	1,232	1,200	1,186	1,186	1,099	88	1,055	1,017	1,999	989	967	948	930	943	951
Net Investment Income
174	137	161	188	158	159	186	153	174	149	142	135	148	159	145	129	130	127	133	127	124	114	179	138	168	138	125	143	135	197	116	116	157	-31	114	149	295	138	119	129	143	141	132
Net realized and unrealized gains on investments:
Net realized and unrealized (losses) gains on investments
-143	-22	1	73	68	19	22	69	48	59	183	40	52	77	175	6	25	12	66	27	19	20	72	109	52	30	43	33	19	123	17	17	43	28	21	23	52	39	6	11	8	9	49
Change in allowance for expected credit losses on investments
-33	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net investment (losses) gains
-177	-	-	-	68	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other-than-temporary impairments (OTTI)
-	-	-	-	-	-	-	-	-	-	-	-	-	36	0	0	-18	45	-12	0	0	-	0	-	-	-	-	-	-	-	-5	-	-4	-0	0	0	0	5	1	0	2	5	23
Net investment gains
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	22	-	47	29	21	22	52	33	5	11	5	4	33
Change in valuation allowance, net of other-than-temporary impairments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5	-	-	-	-	-	-	-	-	-	-	-
Portion of impairments reclassified to other comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0	-
Less investment impairments recognized in other comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8
Revenues from non-insurance businesses
93	123	101	89	91	130	95	76	70	101	89	69	65	84	80	123	101	115	107	105	92	111	101	104	92	122	109	83	91	61	68	68	49	16	65	56	110	47	61	52	51	51	49
Losses from investment funds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-25	-37
Insurance service fees
25	21	23	22	25	26	30	29	30	34	33	33	33	29	32	36	40	31	35	35	36	35	26	26	28	27	26	27	26	26	26	26	23	-1	22	25	47	21	22	20	21	22	25
Other income
2	0	0	2	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-0	1	1	0	-0	0	0	0	0	0	0	0	0	0
Total revenues
1,810	1,976	1,965	2,023	1,937	1,951	1,937	1,910	1,891	1,934	2,031	1,848	1,870	1,971	2,019	1,855	1,807	1,811	1,860	1,789	1,744	1,784	1,840	1,796	1,706	1,696	1,634	1,570	1,506	1,603	1,420	1,420	1,378	100	1,279	1,270	2,505	1,231	1,176	1,163	1,153	1,136	1,155
OPERATING COSTS AND EXPENSES:
Losses and loss expenses
1,107	1,072	1,041	1,028	988	1,020	1,017	973	963	976	1,081	964	979	993	965	964	922	922	926	906	900	913	887	867	822	848	798	805	744	795	736	736	679	18	683	674	1,281	591	597	570	549	585	597
Other operating costs and expenses
578	601	581	591	588	601	577	593	610	615	600	616	603	624	606	581	582	591	573	573	551	563	544	534	515	520	504	494	481	464	451	451	431	25	407	403	789	392	369	370	367	353	365
Expenses from non-insurance businesses
94	122	101	88	90	126	93	75	69	104	86	68	66	84	78	116	95	108	100	98	89	109	97	101	91	115	103	81	89	63	66	66	51	15	64	55	109	47	60	49	48	49	46
Interest expense
36	33	38	40	40	40	39	39	37	36	36	36	36	36	37	34	32	31	31	33	34	34	32	30	30	30	30	31	31	32	32	32	28	0	28	28	56	28	26	26	26	21	20
Total operating costs and expenses
1,817	1,829	1,762	1,749	1,707	1,788	1,728	1,681	1,680	1,733	1,805	1,687	1,686	1,739	1,688	1,697	1,632	1,654	1,632	1,611	1,575	1,621	1,562	1,533	1,459	1,514	1,435	1,412	1,346	1,356	1,286	1,286	1,191	60	1,183	1,161	2,237	1,060	1,054	1,017	992	1,010	1,029
(Loss) income before income taxes
-6	146	202	273	229	162	209	229	210	201	226	160	184	231	331	158	174	156	228	178	168	162	278	263	247	181	198	158	160	247	133	133	187	39	96	109	268	171	121	145	160	125	125
Income Tax Expense (Benefit)
-2	26	37	56	47	26	44	48	43	45	63	51	59	78	110	49	54	46	76	55	50	51	89	83	77	46	60	43	43	73	32	32	52	4	19	26	70	47	27	35	41	27	27
Net (loss) income before noncontrolling interests
-3	119	165	217	181	136	164	180	167	156	162	109	124	153	220	108	120	109	152	123	118	110	188	180	169	135	138	115	116	173	101	101	135	34	76	82	197	124	93	110	118	97	97
Net Income (Loss) Attributable to Noncontrolling Interest
0	0	-0	0	0	3	2	0	1	1	0	0	1	0	0	-0	0	0	0	0	0	0	0	0	0	5	1	-0	-0	0	0	0	-0	0	-0	-0	-0	0	0	0	0	0	0
Net Income (Loss) Attributable to Parent
-4	119	165	216	180	132	161	180	166	154	162	109	123	152	220	108	119	109	152	123	118	110	188	179	169	130	136	115	116	173	100	100	135	34	76	82	197	123	93	110	118	97	97
Earnings Per Share [Abstract]
Basic (in dollar per share)
-0.02	0.62	0.87	1.14	0.95	0.69	0.85	0.95	0.88	-0.24	1.29	0.87	1.01	1.25	1.80	0.89	0.97	0.89	1.24	0.99	0.94	0.87	1.48	1.41	1.31	0.97	1.01	0.85	0.86	1.26	0.74	0.74	0.98	0.27	0.55	0.58	1.40	0.86	0.64	0.73	0.77	0.61	0.61
Diluted (in dollar per share)
-0.02	0.61	0.85	1.12	0.94	0.69	0.84	0.93	0.87	-0.23	1.26	0.85	0.96	1.18	1.72	0.85	0.93	0.85	1.18	0.95	0.89	0.84	1.42	1.35	1.25	0.93	0.97	0.82	0.83	1.20	0.71	0.71	0.94	0.26	0.53	0.56	1.34	0.83	0.61	0.70	0.74	0.59	0.59