W. R. Berkley (WRB) Revenue — Quarter Ended Sep 30, 2024
Revenue increased in the September quarter, continuing the upward trend seen throughout the year. The reported figure also rose compared with both the previous quarter and the same period a year earlier.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue increased in the September quarter, continuing the upward trend seen throughout the year. The reported figure also rose compared with both the previous quarter and the same period a year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.4B
Revenue reported for this quarter.
Quarter-over-quarter
+2.6%
Change from the immediately preceding quarter.
Year-over-year
+12.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$13.2B
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 |
|---|---|---|
| Dec 31, 2023 | $3.2B | +6.9% |
| Mar 31, 2024 | $3.3B | +12.5% |
| Jun 30, 2024 | $3.3B | +10.6% |
| Sep 30, 2024 | $3.4B | +12.2% |
Revenue performance
The current quarter's revenue was higher than the immediately preceding quarter, indicating sequential growth in the business.
Quarterly comparison
Compared with the same quarter one year ago, revenue was also higher, reflecting an even larger year-over-year increase than the sequential change.
What to watch
The filing notes operating cash flow increased in the nine-month period, driven by higher premium receipts.