Arch Capital Group Ltd (ACGL) Tops Q4 EPS by 23c
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Arch Capital Group Ltd. Reports 2017 Fourth Quarter Results
February 12, 2018 4:05 PM ESTFor the 2017 fourth quarter, the Company reports:
Net income available to Arch common shareholders of $203.5 million, or $1.46 per share, a 9.9% annualized return on average common equity, and after-tax operating income to Arch common shareholders, a non-GAAP measure, of $187.4 million, or $1.34 per share, a 9.1% return on average common equity; Book value per common share of $60.91 at December 31, 2017, a 2.2% increase in the 2017 fourth quarter and a 10.4% increase for the year; Pre-tax catastrophic losses, net of reinsurance and reinstatement premiums1, of $0.8 million, reflecting $68.4 million from the California wildfires, $1.5 million from other events and $69.1... More