Arch Capital Group Ltd (ACGL) Tops Q3 EPS by 72c
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Arch Capital Group Ltd. Reports 2023 Third Quarter Results
October 30, 2023 4:11 PM EDTPEMBROKE, Bermuda--(BUSINESS WIRE)-- Arch Capital Group Ltd. (NASDAQ: ACGL; Arch, our or the Company) announces its 2023 third quarter results. The results included:
Net income available to Arch common shareholders of $713 million, or $1.88 per share, a 20.2% annualized net income return on average common equity, compared to $7 million, or $0.02 per share, for the 2022 third quarter. After-tax operating income available to Arch common shareholders(1) of $876 million, or $2.31 per share, a 24.8% annualized operating return on average common equity, compared to $106 million, or $0.28 per share, for the 2022 third quarter. Pre-tax current accident year catastrophic losses for the Companys... More