Arch Capital Group Q3 Profit Down - Quick Facts

(RTTNews) - Arch Capital Group Ltd. (ACGL) Monday reported third-quarter profit of $109.3 million or $0.80 per share, down from $184.2 million or $1.33 per share in the same period last year.

After-tax operating income for the quarter was $149.2 million or $1.10 per share. On average, 18 analysts polled by Thomson Reuters expected the company to earn $0.91 per share for the quarter. Analysts' estimates typically exclude special items.

Net premiums earned totaled $795 million, up from $748.69 million last year. Net investment income was $66.1 million or $0.49 per share, compared to $73.2 million or $0.53 per share last year.

Combined ratio was 86.0 percent, compared to 90.2 percent last year.

The company's book value per share was $38.34 as of September 30, a 4.2 percent increase from $36.80 per share last year.