WR Berkley Margins Could Continue To Expand 'Well Into 2025', Says Bullish Analyst
WR Berkley Margins Could Continue To Expand 'Well Into 2025', Says Bullish Analyst
Shares of WR Berkley Corp (NYSE:WRB) have gained more than 7% over the past month after the company reported in late October upbeat third-quarter earnings.
WR柏克利公司（紐交所：WRB）的股票在過去一個月上漲了超過7%，這是因爲該公司在十月底報告了樂觀的第三季度業績。
The company is poised to benefit from continued strong casualty pricing increases well into 2025, according to Goldman Sachs.
該公司預計將受益於持續強勁的意外險價格上漲，直到2025年， 高盛指出。
Analyst Robert Cox upgraded the rating for WR Berkley from Neutral to Buy, while keeping the price target at $69.
分析師羅伯特·考克將WR柏克利的評級從中立上調至買入，同時將價格目標維持在69美元。
The Thesis: The company is likely to continue earning insurance pricing higher than the claim cost trend, resulting in margin expansion, Cox said in the upgrade note.
考克在升級說明中表示：該公司可能會繼續獲得高於索賠成本趨勢的保險定價，從而實現利潤擴大。
Check out other analyst stock ratings.
查看其他分析師的股票評級。
The Street estimates suggest a material deterioration in the insurance segment loss ratio, despite WR Berkley continuing to earn insurance pricing higher than claims, he added.
儘管WR柏克利繼續獲得高於索賠的保險定價，但市場估計表明保險部門的損失比率存在重大惡化，他補充道。
Strong pricing and improving paid-to-incurred loss ratios have eased the concerns around reserve development and above-average investment leverage "drive our net investment income estimates 5% above the street in 2026," the analyst stated.
強勁的定價和改善的已付與產生的損失比率緩解了對準備金髮展的擔憂， "提高我們的淨投資收入預估比市場高出5%在2026年，"分析師表示。
"Lastly, our analysis on the E&S market cyclical and secular factors drive improved premium growth estimates, as we believe additional casualty insurance policies will enter the E&S market where WRB earns ~40% of its premiums," he further wrote.
他進一步寫道："最後，我們對E&S市場的週期性和結構性因素的分析推動了保費增長預估的改善，因爲我們相信更多的意外保險政策將進入E&S市場，而WRb大約40%的保費來自那裏。"
Price Action: Shares of WR Berkley had risen by 1.17% to $63 at the time of publication on Monday.
價格走勢：在週一發佈時，wr柏克利的股票上漲了1.17%，價格爲63美元。
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