U.S. Markets closed

W.R. Berkley: 1Q Earnings Snapshot

GREENWICH, Conn. (AP) _ W.R. Berkley Corp. (WRB) on Tuesday reported first-quarter net income of $180.7 million.

The Greenwich, Connecticut-based company said it had net income of 94 cents per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 61 cents per share.

The insurance company posted revenue of $1.94 billion in the period. Its adjusted revenue was $1.87 billion.

W.R. Berkley shares have climbed 19 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $58.53, a climb of 18 percent in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WRB at https://www.zacks.com/ap/WRB