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Sep 30, 2024
Arch Capital Q3 2024 Earnings Report
Arch Capital reported strong Q3 2024 results, driven by contributions from all units.
Key Takeaways
Arch Capital reported a net income of $978 million, or $2.56 per share, and an after-tax operating income of $762 million, or $1.99 per share. The company's combined ratio was 86.6%, and 78.3% excluding catastrophic activity and prior year development.
Net income available to Arch common shareholders was $978 million, or $2.56 per share.
After-tax operating income available to Arch common shareholders was $762 million, or $1.99 per share.
Pre-tax current accident year catastrophic losses were $450 million, due in part to Hurricane Helene.
Favorable development in prior year loss reserves was $119 million.
Arch Capital
Arch Capital
Arch Capital Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the press release.
Revenue & Expenses
Visualization of income flow from segment revenue to net income