Arch Capital Report Q4 Net Income Of $203.5M

February 13, 2018 | 0 Comments

Bermuda-based Arch Capital Group reports that net income available to Arch common shareholders for the 2017 fourth quarter was $203.5 million, or $1.46 per share, compared to $62.4 million, or $0.50 per share, for the 2016 fourth quarter.

For the year ended December 31, 2017, the Company reported net income available to Arch common shareholders of $566.5 million, or $4.07 per share, compared to $664.7 million, or $5.33 per share, for the 2016 period.

The Company’s net income available to Arch common shareholders produced an annualized return on average common equity of 9.9% for the 2017 fourth quarter, compared to 3.9% for the 2016 fourth quarter, and 7.2% for the year ended December 31, 2017, compared to 10.9% for the year ended December 31, 2016. All earnings per share amounts discussed in this release are on a diluted basis.

The Company’s book value per common share was $60.91 at December 31, 2017, a 2.2% increase from $59.61 per share reported at September 30, 2017 and a 10.4% increase from $55.19 per share at December 31, 2016.

The Company also reported after-tax operating income to Arch common shareholders, a non-GAAP measure, of $187.4 million, or $1.34 per share, for the 2017 fourth quarter, compared to after-tax operating income to Arch common shareholders of $141.5 million, or $1.13 per share, for the 2016 fourth quarter. For the year ended December 31, 2017, the Company reported after-tax operating income available to Arch common shareholders of $447.2 million, or $3.21 per share, compared to $577.4 million, or $4.63 per share, for the 2016 period.

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