W R Berkley, a US-based commercial insurance holding company, has posted a net income of $110.2m, or $0.70 per diluted share, for the second quarter ended June 30, 2010, compared to $97.3m, or $0.59 per diluted share, for the same period last year.
The company has reported total revenues of $1.16bn for the second quarter of 2010, an increase of 0.6% compared to $1.15bn for the same quarter in 2009.
Operating income for the second quarter of 2010 was $101.7m compared to $99.9m for the same period last year.
The company reported net premiums of $961.3m for the second quarter of 2010 compared to $909m, for the same quarter in 2009.
The company posted income before income taxes of $145.8m for the second quarter, compared to $125.3m for the same quarter in 2009.
William Berkley, chairman and CEO of W R Berkley, said: “We are pleased with our second quarter results. Our new enterprises continue to gain traction, and their growth led to an increase in overall premiums for the first time in 15 quarters.
“Written premium grew by more than 5.5% in the quarter as the growth in these new businesses more than offset the slight decline in our established business units.”