Arch Capital Group saw its profits increase more than threefold in the first quarter of 2021 compared to the same period the previous year, while also driving its combined ratio down at the group level.
Arch reported net profit of $427.8 million for Q1 2021, up from $133.7 million in Q1 2020.
It reported gross written premiums of $3.4 billion in Q1, up from $2.83 billion in the same period in 2020, while its combined ratio inched down to 90.7 percent, from 91.5 percent in Q1 2020.
In the reinsurance segment specifically, gross written premium was $1.47 billion, compared to $1.12 billion in the previous year. Its combined ratio was 102.9 percent, up slightly from the 102 percent reported in Q1 2020.
Arch Capital, Results