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Mar 31, 2023
Arch Capital Q1 2023 Earnings Report
Arch Capital reported a substantial increase in net income and operating income compared to the same quarter last year.
Key Takeaways
Arch Capital Group Ltd. reported a significant increase in its first quarter 2023 results. Net income available to Arch common shareholders was $705 million, or $1.87 per share, compared to $186 million, or $0.48 per share, for the first quarter of 2022. After-tax operating income available to Arch common shareholders was $654 million, or $1.73 per share, compared to $422 million, or $1.10 per share, for the same period last year.
Net income available to Arch common shareholders increased to $705 million, or $1.87 per share.
After-tax operating income available to Arch common shareholders rose to $654 million, or $1.73 per share.
The combined ratio excluding catastrophic activity and prior year development was 82.2%.
Book value per common share increased to $35.35 at March 31, 2023, an 8.4% increase from December 31, 2022.
Revenue by Segment
Forward Guidance
This section of the document is a cautionary note regarding forward-looking statements and does not contain explicit forward guidance. Therefore, the positives and negatives are derived from risk factors outlined in the document.
Positive Outlook
- Successful implementation of business strategy during various market conditions.
- Acceptance of business strategy and financial condition by rating agencies and regulators.
- Ability to consummate acquisitions and integrate acquired businesses.
- Ability to maintain or improve ratings through equity or debt financings.
- Successful enhancement, integration, and maintenance of operating procedures.
Challenges Ahead
- Material differences between actual and expected assessments for guaranty funds.
- Greater than expected loss ratios on business written.
- Adverse development on claim liabilities.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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