Arch Capital profits rise to $233.2m

Make text smaller Make text larger


Arch Capital Group Ltd made a profit of $233.2 million, or 56 cents per share, in the second quarter. That is up from $173.8 million year-on-year.

The Bermudian-based companyís after-tax operating income was $242.6 million, up from $168.9 million. That represented an operating income per share of 59 cents, which outperformed a Zacks census estimate by 13. 5 per cent.

Gross premiums written were up 5.4 per cent at $1.696 billion, while the combined ratio fell 1.9 per cent to 82.7 per cent. Combined ratio excluding catastrophic activity and prior year development was 84 per cent.

The company reported $14.9 million of pre-tax current accident year catastrophic losses, net of reinsurance and reinstatement premiums.

The book value of Arch Capitalís common shares at the end of June was $20.68, a rise of 1.3 per cent in the second quarter, and 4.1 per cent in the trailing 12 months.

The company repurchased 6.4 million shares, valued at $170.3 million in total, during the quarter. At the end of June it had $272.9 million of share repurchases remaining and available for buy back under its current authorised programme.

You must be registered or signed-in to post comment or to vote.

Published Aug 1, 2018 at 6:16 pm (Updated Aug 1, 2018 at 6:16 pm)

Arch Capital profits rise to $233.2m

What you
Need to
Know
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon

  • Take Our Poll

    • "What are your views on stop-and-search in today's Bermuda?"
    • Inconvenient but necessary
    • 69%
    • Wholly unproductive
    • 10%
    • Unfair targeting of young black males
    • 21%
    • Total Votes: 4697
    • Poll Archive

    Today's Obituaries

    eMoo Posts