W. R. Berkley Corporation (NYSE: WRB) today reported net income for the first quarter of 2012 of $135 million, or 94 cents per share, compared with $116 million, or 78 cents per share, for the first quarter of 2011.
Summary Financial Data
(Amounts in thousands, except per share data)
|Gross premiums written||$||1,401,526||$||1,269,858|
|Net premiums written||1,203,526||1,083,303|
|Net income per diluted share||0.94||0.78|
|Operating income (1)||104,236||96,800|
|Operating income per diluted share||0.73||0.66|
(1) Operating income is a non-GAAP financial measure defined by the Company as net income excluding net investment gains and losses.