W. R. Berkley Corporation (NYSE:WRB) Q3 2023 Earnings Conference Call October 23, 2023 5:00 PM ET
Company Participants
Rob Berkley - President and Chief Executive Officer
Rich Baio - Executive Vice President & Chief Financial Officer
Conference Call Participants
Mike Zaremski - BMO Capital Markets
Elyse Greenspan - Wells Fargo
Mark Hughes - Truist
Alex Scott - Goldman Sachs
Josh Shanker - Bank of America
David Motemaden - Evercore ISI
Ryan Tunis - Autonomous Research
Brian Meredith - UBS
Meyer Shields - KBW
Mark Hughes - Truist
Yaron Kinar - Jefferies
Operator
Good day and welcome to W. R. Berkley Corporation's Third Quarter 2023 Earnings Conference Call. Today's conference call is being recorded.
The speakers' remarks may contain forward-looking statements. Some of the forward-looking statements can be identified by the use of forward-looking words, including, without limitation, beliefs, expects or estimates. We caution you that such forward-looking statements should not be regarded as a representation by us that the future plans, estimates or expectations contemplated by us will, in fact, be achieved.
Please refer to our annual report on Form 10-K for the year ended December 31st, 2022 and our other filings made with the SEC for a description of the business environment in which we operate and the important factors that may materially affect our results. W. R. Berkley Corporation is not under any obligation and expressly disclaims any such obligation to update or alter its forward-looking statements, whether as a result of the new information, future events or otherwise.
I would now like to turn the call over to Mr. Rob Berkley. Please go ahead, sir.
Rob Berkley
Lisa, thank you very much, and good afternoon all, and I guess a second welcome to our Q3 call. We appreciate you dialing-in and your time and your interest today.
Joining me on the call, at least on this end, is Bill Berkeley, Executive Chair, as well as Rich Baio, EVP and Chief Financial Officer.
We're going to follow on our typical agenda where momentarily I'll be handing it over to Rich. He’s going to give us a bit of an overview and flag some highlights from the quarter. I will follow with a few comments of my own and then we'll be pleased to open it up for Q&A.
Before I do hand it to Rich, I just wanted to make a couple of quick observations and really one macro one in particular and that is on the results of the quarter. I think by any measure, I call it a 20% return is really an outstanding result. The fact is there were no one-time this or one-time that in there, that is truly when you strip it down to its fundamentals, that is how the business is performing. And these great results are really a reflection of a team. This is a team sport, not an individual sport. So my congratulations to all of our colleagues throughout the organization on a job very well done. I have the good fortune of being their mouthpiece in these types of settings. But again, this achievement was a team achievement.