Arch Capital reports Q4 net loss

Wed. February 18, 2009; Posted: 07:46 AM

Feb 18, 2009 (Datamonitor via COMTEX) -- ACGL | Quote | Chart | News | PowerRating -- Arch Capital Group has reported a net loss to common shareholders of $143 million, or $2.28 per share, on a pro forma basis, for the fourth quarter of 2008, compared to net income available to common shareholders of $234.4 million, or $3.31 per share, for the fourth quarter of 2007.

The company reported after-tax operating income available to common shareholders for the 2008 fourth quarter of $85.9 million, or $1.37 per share, on a pro forma basis, compared to $221.5 million, or $3.12 per share, for the 2007 fourth quarter.

Net investment income for the 2008 fourth quarter was $111.7 million, or $1.79 per share on a pro forma basis, compared to $120.8 million, or $1.70 per share, for the 2007 fourth quarter.

For the year ended December 31, 2008, the company reported that net income available to common shareholders was $265.1 million, or $4.09 per share, compared to $832.1 million, or $11.28 per share, for the year ended December 31, 2007.

For the year ended December 31, 2008, the company reported that after-tax operating income available to common shareholders was $537.4 million, or $8.29 per share, compared to $846.5 million, or $11.47 per share, for the 2007 period. For the year 2008, net investment income was $468.1 million, or $7.22 per share, compared to $463.2 million, or $6.28 per share, for the year 2007.

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For full details on Arch Capital Group Ltd (ACGL) click here. Arch Capital Group Ltd (ACGL) has Short Term PowerRatings of 5. Details on Arch Capital Group Ltd (ACGL) Short Term PowerRatings is available at This Link.

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