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（纽交所：WRB）的股票在过去一个月上涨了超过7%，这是因为该公司在十月底报告了乐观的第三季度财报。
The company is poised to benefit from continued strong casualty pricing increases well into 2025, according to Goldman Sachs.
该公司预计将受益于持续强劲的意外险价格上涨，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.
分析师罗伯特·考克将WR柏克利的评级从中立上调至买入，同时将价格目标维持在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.
考克在升级说明中表示：该公司可能会继续获得高于索赔成本趋势的保险定价，从而实现利润扩大。
Check out other analyst stock ratings.
查看其他分析师的股票评级。
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.
尽管WR柏克利继续获得高于索赔的保险定价，但市场估计表明保险部门的损失比率存在重大恶化，他补充道。
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.
强劲的定价和改善的已付与产生的损失比率缓解了对准备金发展的担忧， "提高我们的净投资收入预估比市场高出5%在2026年，"分析师表示。
"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.
他进一步写道："最后，我们对E&S市场的周期性和结构性因素的分析推动了保费增长预估的改善，因为我们相信更多的意外保险政策将进入E&S市场，而WRb大约40%的保费来自那里。"
Price Action: Shares of WR Berkley had risen by 1.17% to $63 at the time of publication on Monday.
价格走势：在周一发布时，wr柏克利的股票上涨了1.17%，价格为63美元。
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Image: Shutterstock
图片：shutterstock
译文内容由第三方软件翻译。
