W. R. Berkley (WRB) Revenue — Quarter Ended Jun 30, 2023
Revenue for the current quarter increased. The reported figure was higher than the preceding quarter and also exceeded the same quarter one year earlier.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the current quarter increased. The reported figure was higher than the preceding quarter and also exceeded the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3B
Revenue reported for this quarter.
Quarter-over-quarter
+3.5%
Change from the immediately preceding quarter.
Year-over-year
+19.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$11.6B
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 |
|---|---|---|
| Sep 30, 2022 | $2.7B | +12.4% |
| Dec 31, 2022 | $3B | +16.9% |
| Mar 31, 2023 | $2.9B | -0.7% |
| Jun 30, 2023 | $3B | +19.2% |
Revenue performance
Revenue increased in the current quarter relative to both the preceding quarter and the same quarter a year earlier.
Quarterly comparison
Compared to the preceding quarter, revenue grew. Compared to the same quarter a year ago, revenue also increased, with a more pronounced year-over-year gain.
What to watch
Operating cash flow increased in the first half of the current year relative to the prior year, primarily due to higher premium receipts.