W. R. Berkley Corporation (NYSE: WRB) today reported net income for the second quarter of 2012 of $109 million, or 76 cents per share, compared with $82 million, or 56 cents per share, for the second quarter of 2011.
Summary Financial Data
(Amounts in thousands, except per share data)
|Second Quarter||Six Months|
|Gross premiums written||$||1,430,920||$||1,245,276||$||2,832,446||$||2,515,134|
|Net premiums written||1,190,991||1,057,415||2,394,517||2,140,718|
|Net income per diluted share||0.76||0.56||1.70||1.34|
|Operating income (1)||92,988||67,848||197,224||164,648|
|Operating income per diluted share||0.65||0.46||1.37||1.12|
(1) Operating income is a non-GAAP financial measure defined by the Company as net income excluding net investment gains and losses.