Arch Capital Q1 2024 Earnings Report
Key Takeaways
Arch Capital Group Ltd. reported a net income of $1.1 billion, or $2.92 per share, and an after-tax operating income of $933 million, or $2.45 per share, for the first quarter of 2024. The company's combined ratio was 78.8%, and the combined ratio excluding catastrophic activity and prior year development was 80.8%.
Net income available to Arch common shareholders was $1.1 billion, or $2.92 per share.
After-tax operating income available to Arch common shareholders was $933 million, or $2.45 per share.
Pre-tax current accident year catastrophic losses for the Company’s insurance and reinsurance segments were $58 million.
Favorable development in prior year loss reserves was $126 million.
Arch Capital
Arch Capital
Arch Capital Revenue by Segment
Forward Guidance
The company will hold a conference call for investors and analysts at 11:00 a.m. Eastern Time on April 30, 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income