Arch Capital reports Q2 EPS $1.75, consensus $1.58

Reports after-tax operating income available to Arch common shareholders of $726 million, or $1.92 per share, a 21.5% annualized operating return on average common equity, compared to $506 million, or $1.34 per share, for the 2022 second quarter. Reports Pre-tax current accident year catastrophic losses for the company’s insurance and reinsurance segments, net of reinsurance and reinstatement premiums, of $119 million. Book value per common share was $37.04 at June 30, 2023, a 4.8% increase from March 31, 2023.