31st July 2022

Arch Capital net income dowm in second quarter
Trend

Arch Capital Group has announced its 2022 second quarter results. The results included:
-Net income available to Arch common shareholders of $394.2m, or $1.04 per share, a 13.3% annualized net income return on average common equity, compared to $663.8m, or $1.63 per share, for the 2021 second quarter;
-After-tax operating income available to Arch common shareholders of $506.5m, or $1.34 per share, a 17.1% annualized operating return on average common equity, compared to $407.2m, or $1.00 per share, for the 2021 second quarter;
-Combined ratio excluding catastrophic activity and prior year development of 80.8, compared to 80.7 for the 2021 second quarter;
-Pre-tax current accident year catastrophic losses for the Company’s insurance and reinsurance segments, net of reinsurance and reinstatement premiums of $82.4m;
-Favourable development in prior year loss reserves, net of related adjustments of $166.6m:
-7.1 million shares repurchased at an aggregate cost of approximately $320.7m;
-Book value per common share of $31.37 at 30th June, 2022, a 2.5% decrease from 31st March 2022.

Arch Capital Trends(149 articles)

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