Arch Capital Group Ltd (ACGL) Misses Q3 EPS by 18c
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Arch Capital Group Ltd. Reports 2017 Third Quarter Results
October 25, 2017 4:03 PM EDTHAMILTON, Bermuda--(BUSINESS WIRE)-- Arch Capital Group Ltd. (NASDAQ: ACGL) reports that, as a result of the significant level of catastrophic event activity in the 2017 third quarter, the Company incurred a net loss to Arch common shareholders of $52.8 million, or $0.39 per share, compared to net income available to Arch common shareholders of $247.4 million, or $1.98 per share, for the 2016 third quarter. For the nine months ended September 30, 2017, the Company reported net income available to Arch common shareholders of $363.0 million, or $2.61 per share, compared to $602.3 million, or $4.84 per share, for the 2016 period. The Companys book... More
