Oppenheimer is raising its 2010 and 2011 operating EPS estimates for W.R. Berkley Corporation WRB to $2.69 and $2.23, respectively.
“Our revised estimates reflect marginally better revenue, through both investment income and premiums, and lower relative expenses,” Oppenheimer writes. “Our modeled 2011 combined ratio is 130 bps below our previous estimate and includes both loss and expense ratio improvement.”
W.R. Berkley Corporation currently trades at $27.53.
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