earnings
confidence high
sentiment positive
materiality 0.78
Arch Capital Q2 net income $661M ($1.75 EPS); operating EPS $1.92, up 43% YoY
ARCH CAPITAL GROUP LTD.
2023-Q2 EPS reported
$3.62
revenue$6,330,000,000
- Net income of $661M ($1.75 diluted EPS) vs $394M ($1.04) YoY, up 68%.
- After-tax operating income of $726M ($1.92 per share) vs $506M ($1.34) YoY, up 43%.
- Gross premiums written $4,845M (+25.2% YoY); net premiums written $3,428M (+27.7%).
- Combined ratio 79.8% (including $119M catastrophe losses); ex-cat and prior year development 79.7%, improved from 80.8% YoY.
- Book value per share $37.04, up 4.8% from Q1 2023.