Loading...
•
Sep 30, 2022
Arch Capital Q3 2022 Earnings Report
Arch Capital reported mixed Q3 2022 results impacted by catastrophic losses, but also showed growth in premiums written and favorable prior year loss reserve development.
Key Takeaways
Arch Capital Group Ltd. reported a net income of $6.9 million, or $0.02 per share, for the third quarter of 2022, a significant decrease compared to $388.8 million, or $0.98 per share, for the same period in 2021. The results were impacted by pre-tax current accident year catastrophic losses of $550.8 million, primarily related to Hurricane Ian. However, the company saw growth in gross premiums written, net premiums written, and net premiums earned.
Net income available to Arch common shareholders was $6.9 million, or $0.02 per share, compared to $388.8 million, or $0.98 per share, for Q3 2021.
After-tax operating income available to Arch common shareholders was $106.0 million, or $0.28 per share, compared to $294.7 million, or $0.74 per share, for Q3 2021.
Pre-tax current accident year catastrophic losses for the Company’s insurance and reinsurance segments were $550.8 million, primarily related to Hurricane Ian.
Combined ratio excluding catastrophic activity and prior year development was 82.2%, compared to 80.1% for Q3 2021.
Revenue by Segment
Forward Guidance
The document does not contain specific forward guidance. It includes a cautionary note regarding forward-looking statements, which are subject to risks and uncertainties.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...