Arch Capital Group Ltd (ACGL) Misses Q2 EPS by 4c
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Arch Capital Group Ltd. Reports 2022 Second Quarter Results
July 27, 2022 4:11 PM EDTPEMBROKE, Bermuda--(BUSINESS WIRE)-- Arch Capital Group Ltd. (NASDAQ: ACGL; Arch or the Company) announces its 2022 second quarter results. The results included:
Net income available to Arch common shareholders of $394.2 million, or $1.04 per share, a 13.3% annualized net income return on average common equity, compared to $663.8 million, or $1.63 per share, for the 2021 second quarter; After-tax operating income available to Arch common shareholders(1) of $506.5 million, or $1.34 per share, a 17.1% annualized operating return on average common equity, compared to $407.2 million, or $1.00 per share, for the 2021 second quarter; Combined ratio excluding catastrophic activity and prior year development(1) of... More