W.R. Berkley Corporation reported consolidated earnings results for the fourth quarter and full year ended December 31, 2011. For the fourth quarter, the company reported total revenues of $1,370,953,000 compared to $1,231,342,000 a year ago. Income before income taxes was $150,019,000 compared to $175,591,000 a year ago. Net income to common stockholders was $117,926,000 or $0.82 per basic and diluted share compared to $126,851,000 or $0.85 per diluted share a year ago. Return on equity was 12.7% compared to 14.1% a year ago. Cash flow from operations was $185,036,000 compared to $60,600,000 a year ago. For the full year, the company reported total revenues of $5,155,984,000 compared to $4,724,069,000 a year ago. Income before income taxes was $518,283,000 compared to $603,305,000 a year ago. Net income to common stockholders was $394,803,000 or $2.71 per diluted share compared to $449,287,000 or $2.90 per diluted share a year ago. Book value per share was $29.15 compared to $26.26 a year ago. Return on equity was 10.7% compared to 12.5% a year ago. Cash flow from operations was $670,279,000 compared to $451,316,000 a year ago.