Log In

Reset Password

Arch Capital Q2 premiums rise nearly 18%

Bermuda exempted company Arch Capital Group Ltd posted second-quarter profits of about $404 million, with net income available to Arch common shareholders of $394.2 million ($663.8 million in 2021).

Gross premiums written were up nearly 18 per cent to almost $3.9 billion with a combined ratio of 77.1 per cent.

There was net investment income of $106 million.

The combined ratio, excluding catastrophic activity and prior-year development was 80.8 per cent, compared with 80.7 per cent for the 2021 second quarter.

Pretax current accident year catastrophic losses for the company’s insurance and reinsurance segments, net of reinsurance and reinstatement premiums was $82.4 million.

Favourable development in prior-year loss reserves, net of related adjustments, was $166.6 million.

The company noted that during the period 7.1 million shares were repurchased at an aggregate cost of approximately $320.7 million;

Book value per common share was placed at $31.37 at June 30, 2022, a 2.5 per cent decrease from March 31, 2022.

Arch Capital Group Ltd repurchased 7.1 million shares at an aggregate cost of approximately $320.7 million

You must be Registered or to post comment or to vote.

Published July 29, 2022 at 8:59 am (Updated July 31, 2022 at 6:40 pm)

Arch Capital Q2 premiums rise nearly 18%

What you
Need to
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