Arch posts strong Q4 results
Bermuda’s Arch Capital Group has posted a net income of $613.1 million for the fourth quarter of 2021, up from $533.1m for the same period last year. The strong finish puts profits for the calendar year at $2.09 billion, up from $1.36bn for 2020.
The results reflect strong underwriting performance, with a 77.6% combined ratio for the three months, compared to 88.3% in the fourth quarter of 2020. The combined ratio excluding catastrophic activity and prior year development was 80.1%, compared to 80.2% for the 2020 fourth quarter. The 2021 fourth quarter loss ratio reflected 2.0 points of current year catastrophic activity, compared to 8.3 points in the 2020 fourth quarter.
Gross written premium was up to $2.86bn for the fourth quarter, against $2.26bn for Q4 2020.
