Top executives at W.R. Berkley Corp. today conveyed favorable third-quarter earnings while expressing cautious optimism that the company’s overall investment returns will improve during the next 18 months.

The Greenwich, Conn.-based company reported net income of $137 million (or 97 cents per share) for 2013's third quarter, compared to $101 million (71 cents per share) for the same period in 2012. During the first nine months of this year, the company’s net income totaled $369.6 million, a 7-percent rise from the $345.1 million reported during Q3 2012.

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