Arch Capital Group Ltd (ACGL) Tops Q4 EPS by 6c, Revenues Beat
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Arch Capital Group Ltd. Reports 2019 Fourth Quarter Results
February 11, 2020 4:31 PM ESTPEMBROKE, Bermuda--(BUSINESS WIRE)-- Arch Capital Group Ltd. (NASDAQ: ACGL) announces its 2019 fourth quarter results. The results included:
Net income available to Arch common shareholders of $316.0 million, or $0.76 per share, a 12.0% annualized return on average common equity, compared to $126.1 million, or $0.31 per share, for the 2018 fourth quarter; After-tax operating income available to Arch common shareholders, a non-GAAP measure, of $308.4 million, or $0.74 per share, an 11.7% annualized return on average common equity, compared to $189.2 million, or $0.46 per share, for the 2018 fourth quarter; Pre-tax current accident year catastrophic losses, net of... More