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Jun 30, 2020
Arch Capital Q2 2020 Earnings Report
Arch Capital reported mixed results due to COVID-19 impact and catastrophic losses, but also saw growth in gross premiums written.
Key Takeaways
Arch Capital Group Ltd. reported a net income of $288.4 million, or $0.71 per share, and after-tax operating income of $16.6 million, or $0.04 per share. The results were impacted by $207.2 million in pre-tax current accident year catastrophic losses, including $173.1 million related to COVID-19. Gross premiums written increased by 19.6% to $2,317.7 million.
Net income available to Arch common shareholders was $288.4 million, or $0.71 per share.
After-tax operating income available to Arch common shareholders was $16.6 million, or $0.04 per share.
Pre-tax current accident year catastrophic losses were $207.2 million, including $173.1 million of COVID-19 related losses.
The percentage of loans in default on U.S. primary mortgage business was 5.14% at June 30, 2020, compared to 1.42% at March 31, 2020.
Arch Capital
Arch Capital
Arch Capital Revenue by Segment
Revenue by Segment
Insurance Revenue
CapyFin.comReinsurance Revenue
CapyFin.comMortgage Revenue
CapyFin.com Forward Guidance
The document does not contain explicit forward guidance. Therefore, this section is left blank.
Revenue & Expenses
Visualization of income flow from segment revenue to net income