W. R. Berkley (WRB) Revenue — Quarter Ended Jun 30, 2024
Revenue increased in the current quarter compared with both the immediately preceding quarter and the same quarter one year earlier. The company's operating cash flow also improved, with higher premium receipts cited as a primary factor.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue increased in the current quarter compared with both the immediately preceding quarter and the same quarter one year earlier. The company's operating cash flow also improved, with higher premium receipts cited as a primary factor.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.3B
Revenue reported for this quarter.
Quarter-over-quarter
+1.8%
Change from the immediately preceding quarter.
Year-over-year
+10.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$12.8B
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, 2023 | $3B | +11.2% |
| Dec 31, 2023 | $3.2B | +6.9% |
| Mar 31, 2024 | $3.3B | +12.5% |
| Jun 30, 2024 | $3.3B | +10.6% |
Revenue performance
Revenue for the quarter rose from the prior quarter, continuing an upward trend observed over recent periods.
Quarterly comparison
Compared to the same quarter a year ago, revenue was higher, reflecting sustained growth.
What to watch
The filing noted that operating cash flow increased, with higher premium receipts cited as a primary driver.