Arch Capital Q1 2014 Net Income: $177 Million
Bermuda-based Arch Capital Group Ltd. reports that net income available for the 2014 first quarter was $177.0 million, compared to $251.0 million for the 2013 first quarter.
The Company also reported after-tax operating income available to Arch common shareholders of $164.4 million, or $1.20 per share, for the 2014 first quarter, compared to after-tax operating income available to Arch common shareholders of $158.7 million, or $1.17 per share, for the 2013 first quarter.
The Company’s after-tax operating income available to Arch common shareholders represented an annualized return on average common equity of 12.1% for the 2014 first quarter, compared to 12.9% for the 2013 first quarter.
The Company’s net income available to Arch common shareholders represented an anualized return on average common equity of 13.0% for the 2014 first quarter, compared to 20.4% for the 2013 first quarter.
The Company’s book value per common share was $41.53 at March 31, 2014, a 4.3% increase from $39.82 per share at December 31, 2013 and a 10.3% increase from $37.66 per share at March 31, 2013.
