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Sep 30, 2023
Arch Capital Q3 2023 Earnings Report
Arch Capital reported strong third-quarter results driven by excellent underwriting performance and improved investment returns.
Key Takeaways
Arch Capital Group Ltd. reported a net income of $713 million, or $1.88 per share, and an after-tax operating income of $876 million, or $2.31 per share, for the third quarter of 2023. The company's performance was boosted by strong underwriting results across its insurance, reinsurance, and mortgage segments, as well as improved investment returns.
Net income available to Arch common shareholders was $713 million, or $1.88 per share.
After-tax operating income available to Arch common shareholders was $876 million, or $2.31 per share.
The combined ratio excluding catastrophic activity and prior year development was 77.0%.
Book value per common share was $38.62 at September 30, 2023, a 4.3% increase from June 30, 2023.
Revenue by Segment
Forward Guidance
The report does not contain specific forward guidance. It highlights strong underwriting performance and growth in net premiums written.
Positive Outlook
- Not Applicable
Challenges Ahead
- Not Applicable
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
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