W. R. Berkley Corporation 2019 Annual Report
In thousands, except per share data
| Years ended December 31, | 2015 | 2016 | 2017 | 2018 | 2019 |
|---|---|---|---|---|---|
| Total revenues | $7,206,457 | $7,654,184 | $7,684,764 | $7,691,651 | $7,902,196 |
| Net premiums written | 6,189,515 | 6,423,913 | 6,260,508 | 6,433,227 | 6,863,499 |
| Net investment income | 512,645 | 564,163 | 575,788 | 674,235 | 645,614 |
| Net realized investment gains | 125,663 | 285,119 | 335,858 | 154,488 | 120,703 |
| Insurance service fees | 139,440 | 138,944 | 134,729 | 117,757 | 92,680 |
| Net income to common stockholders | 503,694 | 601,916 | 549,094 | 649,749 | 681,944 |
NET INCOME PER |
|||||
| Basic | 2.71 | 3.27 | 2.93 | 3.37 | 3.58 |
| Diluted | 2.58 | 3.12 | 2.84 | 3.33 | 3.52 |
| Return on common stockholders’ equity |
11.0% | 13.1% | 10.9% | 11.8% | 12.5% |
At Year End |
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| Total assets | $21,730,967 | $23,364,844 | $24,299,917 | $24,895,977 | $26,643,428 |
| Total investments | 15,351,467 | 16,649,792 | 17,450,508 | 17,723,089 | 18,473,674 |
| Reserves for losses and loss expenses |
10,669,150 | 11,197,195 | 11,670,408 | 11,966,448 | 12,583,249 |
| Common stockholders’ equity | 4,600,246 | 5,047,208 | 5,411,343 | 5,437,851 | 6,074,939 |
| Common shares outstanding | 184,962 | 181,194 | 182,272 | 182,994 | 183,412 |
| Common stockholders’ equity per share |
24.87 | 27.76 | 29.69 | 29.72 | 33.12 |
Per share data and common shares outstanding have been adjusted for the 3-for-2 common stock split effected on April 2, 2019.
* Beginning in 2018, net unrealized gains on equity securities are included within net income due to our adoption of ASU 2016-01 on January 1, 2018.