Arch Capital Q4 net income $925 million, $2.42 per share, down from $2.3 billion
Arch Capital reported fourth-quarter 2024 net income available to common shareholders of $925 million, or $2.42 per diluted share, versus $2.3 billion, or $6.12 per share, a year earlier; the prior-year figure included a $1.18 billion deferred tax benefit. Net premiums earned rose 23.9% to $4.1 billion, but underwriting income fell 12.6% to $625 million as the combined ratio rose to 85.0% from 78.9%, driven by Hurricanes Milton and Helene. The company also estimated its share of the California wildfire insured loss at $450 million to $550 million.
Key points
- Net income available to common shareholders was $925 million ($2.42 per share), versus $2.3 billion ($6.12 per share) in Q4 2023.
- After-tax operating income was $866 million ($2.26 per share), versus $945 million ($2.49 per share) a year earlier.
- Net premiums earned rose 23.9% to $4.1 billion; underwriting income fell 12.6% to $625 million and the combined ratio was 85.0% versus 78.9%.
- Estimated share of California wildfire insured loss is $450 million to $550 million; book value per share was $53.11 at December 31, 2024, after a $5.00 special dividend paid December 4, 2024.
The filing
Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 10, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.