Arch Capital Group’s 2012 Q2 Results
Bermuda-based Arch Capital Group Ltd. reports that net income available to common shareholders for the 2012 second quarter was $212.6 million, or $1.54 per share, compared to $90.1 million, or $0.65 per share, for the 2011 second quarter.
The Company also reported after-tax operating income available to common shareholders of $141.4 million, or $1.02 per share, for the 2012 second quarter, compared to $59.7 million, or $0.43 per share, for the 2011 second quarter. All earnings per share amounts discussed in this release are on a diluted basis.
The Company’s book value per common share was $34.45 at June 30, 2012, a 3.4% increase from $33.33 per share at March 31, 2012 and an 8.5% increase from $31.76 per share at December 31, 2011. The Company’s after-tax operating income available to common shareholders represented a 12.3% annualized return on average common equity for the 2012 second quarter, compared to 5.9% for the 2011 second quarter.
The full Earnings Release Supplement from the company is here [PDF].
