W R Berkley posts higher profit on strong investment performance

- Commercial insurer W R Berkley reported nearly a 10% rise in the third-quarter profit helped by strong returns in its investment portfolio.

The company's net investment income jumped 19.5% to $323.8 million, compared to same quarter last year. The company reported a combined ratio of 90.9%, compared with 90.2% a year earlier. A ratio below 100% shows that an insurer earned more in premiums than it paid out in claims.Arizona official who delayed 2022 election certification pleads guilty

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