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Arch Capital Reports Growth in Net Income in Q4

Arch Capital Group Ltd, the Bermuda-based financial services firm reported a net income of $203.5 million, a 9.9 percent annualized return on average common equity, compared to $62.4 million for the 2016 fourth quarter. The after-tax operating income to Arch common shareholders stood at $187.4 million, a 9.1 percent return on average common equity during the quarter.

The company reported pre-tax catastrophic losses, net of reinsurance and reinstatement premiums, 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.

Arch’s book value per common share was $60.91 on December 31, 2017, a 2.2 percent increase from $59.61 per share in the prior quarter and a 10.4% increase from $55.19 per share during the same period in the prior year.

The Company also reported after-tax operating income of $187.4 million, for the fourth quarter, compared to $141.5 million, reported during the same period in the previous year.

For the year ended December 31, 2017, Arch Capital reported after-tax operating income of $447.2 million compared to $577.4 million, for the 2016 period.

About Author: Radhika Ojha

Radhika Ojha, Online Editor at the Five Star Institute, is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her master’s degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Dallas, Texas. You can contact her at Radhika.Ojha@theMReport.com.

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