Arch Capital Q3 net income $713M ($1.88 EPS), operating income $876M, combined ratio 77.9%

ARCH CAPITAL GROUP LTD.

2023-Q3 EPS reported $5.50 revenue$9,659,000,000

Net income $713M ($1.88 diluted EPS) vs $7M ($0.02) in prior-year quarter; 20.2% annualized ROE.
After-tax operating income $876M ($2.31/share) vs $106M ($0.28); 24.8% annualized operating ROE.
Combined ratio improved to 77.9% from 97.3%; ex-cat & prior-year development ratio 77.0% vs 82.2%.
Book value $38.62 per share, up 4.3% from June 30; net premiums written up 23.2% YoY to $3.4B.
Underwriting income $721M vs $68M; gross premiums written $4.5B, net premiums earned $3.2B.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ARCH CAPITAL GROUP LTD. reported the quarter ended September 30, 2023 results: net income $713 million, EPS $1.88 per share.

Period: the quarter ended September 30, 2023
Net income: $713 million
EPS: $1.88 per share
Result: reported results

Exact text from the filing

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

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Source: SEC EDGAR

accession 0000947484-23-000093

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