2023-10-30 16:30:35 ET
- Arch Capital press release ( NASDAQ: ACGL ): Q3 Non-GAAP EPS of $2.31 beats by $0.74 .
- Revenue of $3.36B (+36.0% Y/Y) beats by $100M .
- Net premiums earned of $3.25B.
- Pre-tax current accident year catastrophic losses for the Company’s insurance and reinsurance segments, net of reinsurance and reinstatement premiums (1) , of $180 million.
- Favorable development in prior year loss reserves, net of related adjustments (1) of $152 million.
- Combined ratio excluding catastrophic activity and prior year development (1) of 77.0%, compared to 82.2% for the 2022 third quarter.
- Book value per common share of $38.62 at September 30, 2023, a 4.3% increase from June 30, 2023.
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Arch Capital Non-GAAP EPS of $2.31 beats by $0.74, revenue of $3.36B beats by $100M