Arch Capital Q3 Profit Beats View, But Revenues Miss - Quick Facts

(RTTNews) - Arch Capital Group Ltd. (ACGL) Thursday reported third-quarter net income available to common shareholders of $223.2 million or $1.64 per share, up from $109.3 million or $0.80 per share in the same period last year.

Operating income for the quarter was $142.1 million or $1.05 per share, compared to $149.2 million or $1.10 per share last year. On average, 17 analysts polled by Thomson Reuters expected the company to report profit of $0.96 per share for the quarter. Analysts' estimates typically exclude special items.

Net premiums written for the quarter grew 3 percent from $859.72 million from $839.14 million in the same period last year. Analysts had a consensus revenue estimate of $934.43 million for the quarter.