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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.
Revenue by Segment
Forward Guidance
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Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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