Arch Capital Q1 net income $705M ($1.87/sh) vs $186M; book value up 8.4%

ARCH CAPITAL GROUP LTD.

2023-Q1 EPS reported $1.87 revenue$3,168,000,000

Net income $705M ($1.87/sh) vs $186M ($0.48/sh) in Q1 2022; after-tax operating income $654M ($1.73/sh).
Gross premiums written $4.78B (+25.8% YoY); net premiums earned $2.88B (+35.9%).
Combined ratio 80.6% vs 78.7% (cat losses $79M); underwriting income $570M (+24.5%).
Book value per share $35.35, up 8.4% from Dec 2022; favorable prior year development $126M.
Underwriting expense ratio improved to 29.6% from 31.5%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ARCH CAPITAL GROUP LTD. reported the quarter ended March 31, 2023 results: net income $705 million, EPS $1.87 per share.

Period: the quarter ended March 31, 2023
Net income: $705 million
EPS: $1.87 per share
Result: reported results

Exact text from the filing

Arch Capital Group Ltd. (NASDAQ: ACGL; “Arch” or “the Company”) announces its 2023 first quarter results. The results included: • Net income available to Arch common shareholders of $705 million, or $1.87 per share

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Source: SEC EDGAR

accession 0000947484-23-000052

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