Arch Capital Q1 Profit Declines - Quick Facts

(RTTNews) - Arch Capital Group Ltd. (ACGL) reported that its first-quarter net income available to shareholders decreased to $177.0 million, or $1.30 per share, from $251.0 million, or $1.85 per share, last year. After-tax operating income available to shareholders was $164.4 million, or $1.20 per share, for the 2014 first quarter.

On average, 17 analysts polled by Thomson Reuters expected the company to report profit per share of $1.06 for the quarter. Analysts' estimates typically exclude special items.

Net premiums written increased to $1.06 billion from $952.78 million. Analysts expected revenue of $1.02 billion for the quarter. Total revenues were $946.23 million, compared to $890.14 million, a year ago.