The company said its insurance segment underwriting income was $120 million for the Q3 2024, and that it completed the MCE Acquisition on August 1, 2024. It said the Q3 results include two months of activity from the acquired business.

1. 01

   The company said its insurance segment underwriting income was $120 million for the Q3 2024, and that it completed the MCE Acquisition on August 1, 2024. It said the Q3 results include two months of activity from the acquired business.

2. 02

   Arch said insurance segment gross premiums written in the Q3 2024 were 14.6% higher than in the Q3 2023, and net premiums written were 19.6% higher. It said growth excluding the MCE Acquisition was 5.8%.

3. 03

   The company said reinsurance segment underwriting income was $149 million for the Q3 2024, and that net premiums written were 24.5% higher than in the Q3 2023. It also said the current year loss ratio for the same quarter reflected 21.3 points of catastrophic activity.

4. 04

   The company said book value per share was $57.00 as of September 30, 2024, up from $52.75 as of June 30, 2024, an increase of 8.1% over Q3. It said Operating ROAE was 14.8% for the Q3 2024 and 24.8% for the Q3 2023.

Key figures

Quarter ended September 30, 2024

Revenue

$4.7B

Net income

$988M

EPS

$2.56

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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.