Arch Capital Q4 net income $2.3B ($6.12 EPS); operating income $945M; book value up 21.5%

ARCH CAPITAL GROUP LTD.

2023-FY EPS reported $11.62 revenue$13,634,000,000

Net income $2.3B ($6.12 diluted EPS) vs $849M ($2.26) in Q4 2022; includes $1.18B deferred tax asset from Bermuda corporate income tax.
After-tax operating income $945M ($2.49 per share) vs $806M ($2.14) YoY, a 17.3% increase.
Combined ratio excluding catastrophic activity and prior year development improved to 78.9% from 82.0%.
Book value per common share $46.94, up 21.5% from $38.63 at Sept 30, 2023.
Gross premiums written $4.25B, up 12% YoY; CEO bullish on 2024 market conditions.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ARCH CAPITAL GROUP LTD. reported the quarter ended December 31, 2023 results: net income $2.3 billion, EPS $6.12 per share.

Period: the quarter ended December 31, 2023
Net income: $2.3 billion
EPS: $6.12 per share
Result: reported results

Exact text from the filing

Arch Capital Group Ltd. issued a press release reporting its earnings and the availability of its financial supplement for the quarter ended December 31, 2023.

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Source: SEC EDGAR

accession 0000947484-24-000007

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