Arch Capital's first-quarter profit rises on strong underwriting income

Arch Capital

28/04/2026 22:54

April 28 (Reuters) - Arch Capital Group's ACGL.O first-quarter profit rose on Tuesday, as the insurer benefited from strong underwriting performance.

Demand for insurance remained resilient as households and businesses continued to seek protection against large and unpredictable losses.

Here are some details:

Arch Capital's underwriting income surged 74.6% to $728 million in the quarter from a year earlier.

The insurer reported pre-tax catastrophic losses, net of reinsurance and reinstatement premiums, at $174 million.

Bermuda-based insurer's net investment income jumped to $408 million in the quarter from $378 million a year earlier.

Net income available to Arch common shareholders was $1 billion, or $2.88 per share, for the first-quarter, compared with $564 million, or $1.48 per share, a year earlier.

Arch reported a combined ratio of 81.7%, compared with 90.1% a year earlier. A ratio below 100% indicates the insurer earned more in premiums than it paid out in claims.

Gross premiums written fell 0.6% to $6.43 billion in the quarter ended March 31.

The company reported losses and loss adjustment expenses of $2.09 billion, compared with $2.59 billion a year earlier.

 (Reporting by Arasu Kannagi Basil and Prakhar Srivastava in Bengaluru; Editing by Tasim Zahid)

 ((Prakhar.srivastava2@thomsonreuters.com;))