W R Berkley has reported a net income of $116m, or $0.79 per share for the first quarter of 2011, compared to $119m, or $0.74 per share, for the same quarter last year.
In the first quarter of 2011, total revenues were $1.23bn, compared to $1.15bn for the same period last year.
Gross premiums written were $1.27bn for the first quarter of 2011, compared to $1.12bn for the corresponding quarter last year, while net premiums written were $1.08bn compared to $9.83m.
Operating income for the first quarter of 2011 were $97.69m, compared to $114.7m, for the same period last year.
W R Berkley chairman and CEO William Berkley said that the growth in the quarter came mainly from its international segment and select specialty markets.
"Our renewal retention rate is approximately 80%, approaching our historical levels. There are increasing signs of a turn in the cycle, but as always, the change starts gradually," Berkley said.