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Dec 31, 2020
Arch Capital Q4 2020 Earnings Report
Arch Capital reported mixed results with a decrease in operating income but an increase in net income, driven by investment gains and improved underwriting in some segments, offset by higher catastrophic losses.
Key Takeaways
Arch Capital Group Ltd. reported a net income of $533.1 million for Q4 2020, compared to $316.0 million for Q4 2019. After-tax operating income was $230.4 million, down from $308.4 million in the prior year. The combined ratio excluding catastrophic activity and prior year development was 80.2%.
Net income available to Arch common shareholders was $533.1 million, or $1.30 per share, compared to $316.0 million, or $0.76 per share, for the 2019 fourth quarter.
After-tax operating income available to Arch common shareholders was $230.4 million, or $0.56 per share, compared to $308.4 million, or $0.74 per share, for the 2019 fourth quarter.
The combined ratio excluding catastrophic activity and prior year development was 80.2%, compared to 81.4% for the 2019 fourth quarter.
Book value per common share of $30.31 at December 31, 2020, a 5.4% increase from September 30, 2020 and a 14.7% increase from December 31, 2019.
Revenue by Segment
Forward Guidance
The document does not contain any forward guidance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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