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Arch Capital Group Ltd. Reports 2017 Fourth Quarter Results

ARCH CAPITAL GROUP (ACGL)  More Company Research Source: Business Wire
Last arch capital group earnings: 5/1 04:02 pm Check Earnings Report
PDF For the 2017 fourth quarter, the Company reports: Net income available to Arch common shareholders of $203.5 million, or $1.46 per share, a 9.9% annualized return on average common equity, and after-tax operating income to Arch common shareholders, a non-GAAP measure, of $187.4 million, or $1.34 per share, a 9.1% return on average common equity; Book value per common share of $60.91 at December 31, 2017, a 2.2% increase in the 2017 fourth quarter and a 10.4% increase for the year; Pre-tax catastrophic losses, net of reinsurance and reinstatement premiums1, of $0.8 million, reflecting $68.4 million from the California wildfires, $1.5 million from other events and $69.1 million of reductions on the 2017 third quarter hurricane events; Favorable development in prior year loss reserves, net of related adjustments1, of $50.9 million; [Read more]

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