12 Best Property & Casualty Insurance Stocks to Buy Now

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5. W. R. Berkley Corporation (NYSE:WRB)

Number of Hedge Fund Holders: 39

W. R. Berkley Corporation (NYSE:WRB) is a leading global insurance holding company, recognized for its diverse range of property and casualty insurance products. The company operates through a network of subsidiaries and is known for its strong underwriting discipline and long-term financial performance. With a focus on innovation and strategic growth, the company provides a comprehensive portfolio of services to both commercial and individual clients.

W. R. Berkley Corporation (NYSE:WRB) has recently achieved significant financial milestones. In the fourth quarter of 2024, the company reported a return on equity of 30.9% and operating income of $453 million, marking a 15.5% increase from the previous year. For the full year, net income reached $1.8 billion. The company returned substantial capital to shareholders, with $835.6 million in total capital returned through special and regular dividends as well as share repurchases.

In December 2024, W. R. Berkley Corporation (NYSE:WRB) announced the establishment of a branch office for Berkley Insurance Company in GIFT City, Gujarat, India. This expansion aims to introduce specialty insurance products to the Indian market, with operations expected to commence in 2025.

Currently, 39 hedge funds in Insider Monkey’s Q3 2024 database held positions in W. R. Berkley Corporation (NYSE:WRB).

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