Arch Capital Group Ltd. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 14, 2024 at 04:14 pm EST
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Arch Capital Group Ltd. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported revenue was USD 3,975 million compared to USD 3,071 million a year ago. Net income was USD 2,334 million compared to USD 859 million a year ago. Basic earnings per share from continuing operations was USD 6.29 compared to USD 2.32 a year ago. Diluted earnings per share from continuing operations was USD 6.12 compared to USD 2.26 a year ago.
For the full year, revenue was USD 13,634 million compared to USD 9,613 million a year ago. Net income was USD 4,443 million compared to USD 1,476 million a year ago. Basic earnings per share from continuing operations was USD 11.94 compared to USD 3.9 a year ago. Diluted earnings per share from continuing operations was USD 11.62 compared to USD 3.8 a year ago.
Arch Capital Group Ltd. is an insurance group structured around 3 areas of business activity:
- reinsurance (49.5% of gross written premiums): in particular, property, marine, aviation and property catastrophe reinsurance. The group also provides life reinsurance services;
- insurance (43%): construction and national project insurance, excess civil liability insurance, property insurance, multi-risk insurance, credit insurance, professional civil liability insurance, workers compensation insurance, employer's liability insurance, fire insurance, home insurance, energy insurance, marine insurance, aviation insurance, travel insurance, personal accident insurance, health insurance, etc.;
- mortgage insurance (7.5%).
ARCH CAPITAL GROUP LTD. 
