W. R. Berkley (WRB) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter declined compared to the immediately preceding quarter and also fell relative to the same quarter one year earlier. The filing noted a decrease in operating cash flow, driven by higher loss payments partially offset by increased premium receipts.
Key takeaway
Quarter ended Mar 31, 2023 · FY2022 Q1
Revenue for the quarter declined compared to the immediately preceding quarter and also fell relative to the same quarter one year earlier. The filing noted a decrease in operating cash flow, driven by higher loss payments partially offset by increased premium receipts.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.9B
Revenue reported for this quarter.
Quarter-over-quarter
-3.9%
Change from the immediately preceding quarter.
Year-over-year
-0.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$11.1B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $2.5B | +29.8% |
| Sep 30, 2022 | $2.7B | +12.4% |
| Dec 31, 2022 | $3B | +16.9% |
| Mar 31, 2023 | $2.9B | -0.7% |
Revenue performance
The reported revenue decreased from the prior quarter, reflecting a sequential decline.
Quarterly comparison
Compared with the same quarter one year earlier, revenue was also lower, marking a year-over-year decrease.
What to watch
The filing highlighted a decline in cash flow from operations, primarily due to increased loss payments.