W. R. Berkley is achieving more than 20 percent uplift in underwriting efficiency from AI-powered workbenches, CEO W. Robert Berkley, Jr. said during the company's second-quarter 2026 earnings call. The insurer is targeting an expense ratio of 30 percent or better while making significant investments in technology and artificial intelligence. Berkley also noted that approximately 50 percent of claims are settled for $5,000 or less, highlighting further automation potential. The comments came as the company reported operating earnings per diluted share of $1.27, record quarterly pretax net investment income of $419 million, and a current accident year combined ratio excluding catastrophe losses of 88.1 percent.
W. R. Berkley CorpReported strong earnings, record investment income, and improved expense ratio target, all positive financial results.