Arch Capital Group reported 2005 fourth-quarter net income of $100.9 million, down 7 percent from $107.1 million in the comparable 2004 period.

The combined ratio for the quarter for the Bermuda-based company improved slightly to 87.2 from 87.8 in the comparable year-ago period.

For the fourth quarter, the company reported $56.9 million for incurred losses related to Hurricane Wilma and an additional $16 million related to third-quarter hurricanes and European floods.

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