Arch Capital Group Ltd (ACGL) Tops Q1 EPS by 2c
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Arch Capital Group Ltd. Reports 2020 First Quarter Results
May 4, 2020 4:11 PM EDTPEMBROKE, Bermuda--(BUSINESS WIRE)-- Arch Capital Group Ltd. (NASDAQ: ACGL) announces its 2020 first quarter results. The results included:
Net income available to Arch common shareholders of $133.7 million, or $0.32 per share, a 5.0% annualized return on average common equity, compared to $438.1 million, or $1.07 per share, for the 2019 first quarter; After-tax operating income available to Arch common shareholders(1) of $189.8 million, or $0.46 per share, a 7.1% annualized return on average common equity, compared to $275.9 million, or $0.67 per share, for the 2019 first quarter; Pre-tax current accident year catastrophic losses, net of reinsurance and reinstatement... More