Arch Capital Group Ltd (ACGL) Tops Q2 EPS by 27c
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Arch Capital Group Ltd. Reports 2020 Second Quarter Results
July 29, 2020 4:11 PM EDTPEMBROKE, Bermuda--(BUSINESS WIRE)-- Arch Capital Group Ltd. (NASDAQ: ACGL) announces its 2020 second quarter results. The results included:
Net income available to Arch common shareholders of $288.4 million, or $0.71 per share, a 10.6% annualized return on average common equity, compared to $458.6 million, or $1.12 per share, for the 2019 second quarter; After-tax operating income available to Arch common shareholders(1) of $16.6 million, or $0.04 per share, a 0.6% annualized return on average common equity, compared to $317.4 million, or $0.77 per share, for the 2019 second quarter; Pre-tax current accident year catastrophic losses for the Companys insurance and... More