Company Release – 5/4/2020 4:11 PM ET

PEMBROKE, Bermuda–(BUSINESS WIRE)– Arch Capital Group Ltd. (NASDAQ: ACGL) announces its 2020 first quarter results. The results included:

  • Net income available to Arch common shareholders of $133.7 million, or $0.32 per share, a 5.0% annualized return on average common equity, compared to $438.1 million, or $1.07 per share, for the 2019 first quarter;
  • After-tax operating income available to Arch common shareholders(1) of $189.8 million, or $0.46 per share, a 7.1% annualized return on average common equity, compared to $275.9 million, or $0.67 per share, for the 2019 first quarter;
  • Pre-tax current accident year catastrophic losses, net of reinsurance and reinstatement premiums(1) of $118.4 million, which included $86.6 million of losses for exposure through March 31, 2020 related to the COVID-19 global pandemic for the Company’s insurance and reinsurance segments;
  • Favorable development in prior year loss reserves, net of related adjustments(1) of $17.8 million;
  • Combined ratio excluding catastrophic activity and prior year development(1) of 84.2%;
  • Total return on investments(1) of -0.86% for the 2020 first quarter;
  • Book value per common share of $26.10 at March 31, 2020, a 1.2% decrease from December 31, 2019 and a 12.9% increase from March 31, 2019.

ACGL 1Q 2020 Financial Supplement

ACGL 1Q 2020 Earnings Release