Arch Capital Group reported second-quarter revenue of $4.43 billion, a 6.9% decline from a year ago and 3.19% below the Zacks Consensus Estimate of $4.58 billion. Earnings per share came in at $2.56, beating the consensus estimate of $2.49 by 2.81% but slightly below the year-ago figure of $2.58. The total combined ratio was 83.5%, better than the 84.2% analysts had projected. Net premiums earned fell 8.1% to $3.99 billion, missing the $4.15 billion estimate, with reinsurance premiums down 11.6% and insurance premiums down 4.5%.
Arch Capital Group Ltd.Revenue missed estimates and declined YoY, though EPS beat slightly.