Arch Capital Group Ltd. reported a strong first quarter in 2021, with net income available to Arch common shareholders reaching $427.8 million, or $1.05 per share, compared to $133.7 million, or $0.32 per share, for the 2020 first quarter.
Net income available to Arch common shareholders was $427.8 million, or $1.05 per share.
After-tax operating income available to Arch common shareholders was $239.8 million, or $0.59 per share.
The combined ratio excluding catastrophic activity and prior year development was 81.0%.
Book value per common share was $30.54 at March 31, 2021, a 0.8% increase from December 31, 2020 and a 17.0% increase from March 31, 2020.
The Company expects the transaction to close in the second quarter of 2021.
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