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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
Revenue by Segment
Insurance Revenue
CapyFin.comReinsurance Revenue
CapyFin.comMortgage Revenue
CapyFin.com Forward Guidance
No specific forward guidance was provided in the press release.
Revenue & Expenses
Visualization of income flow from segment revenue to net income