Arch Capital's Quarterly Net Climbs 92%
NU Online News Service, Feb. 18, 3:29 p.m. EST?Arch Capital Group Ltd. management said its 2003 fourth-quarter net profit climbed 92.4 percent to $83.7 million, compared to $43.5 million for the 2002 fourth quarter, driven by a higher level of net premiums earned.[@@]
The Bermuda-based Arch said its net income for the full-year 2003 came in at $280.6 million, increasing nearly six-fold from profit of $59.0 million recorded for 2002.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
