Arch Capital Group Ltd (ACGL) Tops Q3 EPS by 13c
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Arch Capital Group Ltd. Reports 2020 Third Quarter Results
October 29, 2020 4:11 PM EDTPEMBROKE, Bermuda--(BUSINESS WIRE)-- Arch Capital Group Ltd. (NASDAQ: ACGL) announces its 2020 third quarter results. The results included:
Net income available to Arch common shareholders of $408.6 million, or $1.00 per share, a 14.3% annualized return on average common equity, compared to $382.1 million, or $0.92 per share, for the 2019 third quarter; After-tax operating income available to Arch common shareholders(1) of $120.3 million, or $0.29 per share, a 4.2% annualized return on average common equity, compared to $261.0 million, or $0.63 per share, for the 2019 third quarter; Pre-tax current accident year catastrophic losses for the Companys insurance and... More