Arch Capital Q2 net income $1.3B, EPS $3.30, compared to $661M, $1.75 a year ago

ARCH CAPITAL GROUP LTD.

2024-Q2 EPS reported $6.22 revenue$8,170,000,000

Net income available to common shareholders of $1.3B ($3.30/share) vs $661M ($1.75/share) in Q2 2023.
After-tax operating income $981M ($2.57/share) vs $726M ($1.92/share) in prior-year quarter.
Gross premiums written rose 11.1% to $5.38B; net premiums earned up 20.2% to $3.57B.
Combined ratio improved to 78.7% from 79.8% a year ago; ex-cat and prior-year development 76.7% vs 79.7%.
Book value per share $52.75 at June 30, 2024, a 6.9% increase from March 31, 2024.

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