Arch Capital Group Ltd. reported a significant increase in net income available to Arch common shareholders for the second quarter of 2021, reaching $663.8 million, or $1.63 per share, compared to $288.4 million, or $0.71 per share, for the same period in 2020. The company's after-tax operating income also saw a substantial rise, amounting to $407.2 million, or $1.00 per share, compared to $16.6 million, or $0.04 per share, in the second quarter of the previous year.
Net income available to Arch common shareholders was $663.8 million, or $1.63 per share.
After-tax operating income available to Arch common shareholders was $407.2 million, or $1.00 per share.
The combined ratio excluding catastrophic activity and prior year development was 80.7%.
Book value per common share of $32.02 at June 30, 2021, a 4.8% increase from March 31, 2021 and a 15.9% increase from June 30, 2020.
No specific forward guidance was provided in the document.
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