The company said net income available to Arch common shareholders for Q1 2024 was $1.1 billion ($2.92 per share), compared with $705 million ($1.87 per share) for Q1 2023. After-tax operating income was $933 million ($2.45 per share).

1. 01

   The company said net income available to Arch common shareholders for Q1 2024 was $1.1 billion ($2.92 per share), compared with $705 million ($1.87 per share) for Q1 2023. After-tax operating income was $933 million ($2.45 per share).

2. 02

   The company said gross premiums written rose 24.1% to $5,933 million in Q1 2024, and underwriting income rose 29.1% to $736 million. The combined ratio was 78.8% for Q1 2023, compared with 80.6%.

3. 03

   Arch said the impact of the Baltimore bridge collapse on the loss ratio in Q1 2024 was 2.1 points for the Insurance segment and 3.0 points for the Reinsurance segment. The combined ratio was 94.1% for Insurance and 77.4% for Reinsurance.

4. 04

   The company said pre-tax net investment income was $327 million in Q1 2024, and net realized gains were $67 million for Q1 2023 $17 million. It cited higher market interest rates and growth in invested assets as factors behind the increase in net investment income.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.