earnings
confidence high
sentiment positive
materiality 0.80
Arch Capital Q3 net income $978M ($2.56 EPS), up 37% YoY; underwriting income down 25% on cat losses
ARCH CAPITAL GROUP LTD.
2024-Q2 EPS reported
$8.78
revenue$12,892,000,000
- Net income available to common shareholders: $978M ($2.56 diluted EPS) vs $713M ($1.88) in Q3 2023.
- After-tax operating income $762M ($1.99/share); annualized operating return on average common equity 14.8%.
- Pre-tax catastrophe losses $450M from Hurricane Helene and global events; combined ratio 86.6% (78.3% ex-cat and prior-year dev).
- Gross premiums written $5.44B (+20.2% YoY); underwriting income $538M (down 25.4%).
- Book value per share $57.00, up 8.1% from June 30, 2024.