Arch Capital Group Ltd (ACGL) Tops Q1 EPS by 37c
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Arch Capital Group Ltd. Reports 2024 First Quarter Results
April 29, 2024 4:11 PM EDTPEMBROKE, Bermuda--(BUSINESS WIRE)-- Arch Capital Group Ltd. (NASDAQ: ACGL; Arch, our or the Company) announces its 2024 first quarter results. The results included:
Net income available to Arch common shareholders of $1.1 billion, or $2.92 per share, representing a 24.6% annualized net income return on average common equity, compared to net income available to Arch common shareholders of $705 million, or $1.87 per share, for the 2023 first quarter. After-tax operating income available to Arch common shareholders(1) of $933 million, or $2.45 per share, representing a 20.7% annualized operating return on average common equity(1), compared to $654 million, or $1.73 per share, for the 2023 first... More