Arch Capital Third Quarter Net Income: $247.4M

October 29, 2016

Bermuda-based Arch Capital Group Ltd. reports that net income available to Arch common shareholders for the 2016 third quarter was $247.4 million, or $1.98 per share, compared to $74.5 million, or $0.60 per share, for the 2015 third quarter.

The Company’s net income available to Arch common shareholders represented an annualized return on average common equity of 15.3% for the 2016 third quarter, compared to 5.1% for the 2015 third quarter. For the trailing twelve months ended September 30, 2016, net income available to Arch common shareholders produced a 10.6% return on average common equity.

The Company’s book value per common share was $53.62 at September 30, 2016, a 3.0% increase from $52.04 per share at June 30, 2016 and a 12.5% increase from $47.68 per share at September 30, 2015. All earnings per share amounts discussed in this release are on a diluted basis.

The Company also reported after-tax operating income available to Arch common shareholders of $142.5 million, or $1.14 per share, for the 2016 third quarter, compared to $125.8 million, or $1.01 per share, for the 2015 third quarter.

The Company’s after-tax operating income available to Arch common shareholders represented an annualized return on average common equity of 8.8% for the 2016 third quarter, compared to 8.6% for the 2015 third quarter.

For the trailing twelve months ended September 30, 2016, after-tax operating income available to Arch common shareholders produced a 9.2% return on average common equity. After-tax operating income or loss available to Arch common shareholders and the related return on average common equity are non-GAAP measures.

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