Arch Capital 2013 Q3 Net Income: $109.3M
Bermuda-based Arch Capital Group Ltd. reports that net income available to common shareholders for the 2013 third quarter was $109.3 million, or $0.80 per share, compared to $184.2 million, or $1.33 per share, for the 2012 third quarter.
The Company also reported after-tax operating income available to common shareholders of $149.2 million, or $1.10 per share, for the 2013 third quarter, compared to after-tax operating income available to common shareholders of $120.2 million, or $0.87 per share, for the 2012 third quarter.
The Company’s after-tax operating income available to common shareholders represented an annualized return on average common equity of 11.9% for the 2013 third quarter, compared to 9.9% for the 2012 third quarter, while the Company’s net income available to common shareholders represented an annualized return on average common equity of 8.7% for the 2013 third quarter, compared to 15.2% for the 2012 third quarter.
The Company’s book value per common share was $38.34 at September 30, 2013, a 4.2% increase from $36.80 per share at June 30, 2013 and a 4.2% increase from $36.79 per share at September 30, 2012.
