W. R. Berkley Corp. Files 8-K on Financials, Debentures
Ticker: WRB-PG · Form: 8-K · Filed: Apr 23, 2024 · CIK: 11544
| Field | Detail |
|---|---|
| Company | Berkley W R Corp (WRB-PG) |
| Form Type | 8-K |
| Filed Date | Apr 23, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: financial-condition, debt, disclosure
TL;DR
WRB filed an 8-K detailing its financial condition and various subordinated debentures with different maturity dates and interest rates.
AI Summary
W. R. Berkley Corporation filed an 8-K on April 23, 2024, reporting on its financial condition and results of operations. The filing includes details on various subordinated debentures, such as those due in 2058 with a 5.70% interest rate, 2059 with a 5.10% rate, 2060 at 4.25%, and 2061 at 4.125%.
Why It Matters
This filing provides investors with updated financial information and details on the company's outstanding debt instruments, which are crucial for assessing its financial health and risk profile.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of financial information and debt instruments, not indicating any immediate operational or financial distress.
Key Numbers
- 5.70% — Interest Rate (Subordinated Debentures Due 2058)
- 5.10% — Interest Rate (Subordinated Debentures Due 2059)
- 4.25% — Interest Rate (Subordinated Debentures Due 2060)
- 4.125% — Interest Rate (Subordinated Debentures Due 2061)
Key Players & Entities
- W. R. Berkley Corporation (company) — Registrant
- April 23, 2024 (date) — Date of Report
- Delaware (jurisdiction) — State of Incorporation
- 22-1867895 (identifier) — I.R.S. Employer Identification No.
- 475 Steamboat Road (address) — Business Address
- Greenwich (location) — City
- 5.70% (percentage) — Interest rate for subordinated debentures due 2058
- 5.10% (percentage) — Interest rate for subordinated debentures due 2059
- 4.25% (percentage) — Interest rate for subordinated debentures due 2060
- 4.125% (percentage) — Interest rate for subordinated debentures due 2061
FAQ
What is the primary purpose of this 8-K filing for W. R. Berkley Corporation?
The primary purpose is to report on the company's Results of Operations and Financial Condition, as well as to include Financial Statements and Exhibits.
What are the maturity dates and interest rates of the subordinated debentures mentioned in the filing?
The filing mentions subordinated debentures due in 2058 (5.70%), 2059 (5.10%), 2060 (4.25%), and 2061 (4.125%).
In which state was W. R. Berkley Corporation incorporated?
W. R. Berkley Corporation was incorporated in Delaware.
What is the business address of W. R. Berkley Corporation?
The business address is 475 Steamboat Road, Greenwich, CT 06830.
What is the SIC code for W. R. Berkley Corporation?
The Standard Industrial Classification (SIC) code for W. R. Berkley Corporation is 6331, which corresponds to FIRE, MARINE & CASUALTY INSURANCE.
Filing Stats: 574 words · 2 min read · ~2 pages · Grade level 8.6 · Accepted 2024-04-23 08:04:09
Filing Documents
- wrb-20240423.htm (8-K) — 38KB
- wrb33120248-kex991.htm (EX-99.1) — 213KB
- 0000011544-24-000008.txt ( ) — 448KB
- wrb-20240423.xsd (EX-101.SCH) — 4KB
- wrb-20240423_def.xml (EX-101.DEF) — 17KB
- wrb-20240423_lab.xml (EX-101.LAB) — 31KB
- wrb-20240423_pre.xml (EX-101.PRE) — 17KB
- wrb-20240423_htm.xml (XML) — 6KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. Reference is made to the press release of W. R. Berkley Corporation (the "Company") relating to the announcement of the Company's results of operations for the first quarter of 2024. The press release was issued on April 23, 2024. A copy of the press release is attached to this Form 8-K as Exhibit 99.1 and is incorporated herein by reference. The information contained herein shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act. W. R. Berkley Corporation 4
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit 99.1 Press Release dated April 23, 2024 W. R. Berkley Corporation 5
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. W. R. BERKLEY CORPORATION By: /s/ Richard M. Baio Name: Richard M. Baio Title: Executive Vice President - Chief Financial Officer Date: April 23, 2024 W. R. Berkley Corporation 6 EXHIBIT INDEX Exhibit : 99.1 Press Release dated April 23, 2024