Arch Capital Group Ltd. reported solid results this quarter despite losses from California wildfires. The annualized operating return on equity was 11.5%.
Net income available to Arch common shareholders of $564 million, or $1.48 per share
After-tax operating income available to Arch common shareholders of $587 million, or $1.54 per share
Pre-tax current accident year catastrophic losses for the Company's insurance and reinsurance segments, net of reinsurance and reinstatement premiums, of $547 million
Combined ratio excluding catastrophic activity and prior year development of 81.0%
We delivered solid results this quarter despite the losses arising from the California wildfires, resulting in an annualized operating return on equity of 11.5%.