Arch Capital reports Q1 operating EPS $1.73, consensus $1.45

Gross premiums written by the insurance segment in the 2023 first quarter were 15.1% higher than in the 2022 first quarter, while net premiums written were 19.1% higher than in the 2022 first quarter. Growth in net premiums written reflected increases in most lines of business, due in part to new business opportunities, increases in existing accounts and rate changes. In addition, the insurance segment retained more business in the 2023 first quarter due to ongoing changes to its reinsurance programs and was impacted by changes in the mix of business. Net premiums earned in the 2023 first quarter were 22.4% higher than in the 2022 first quarter, and reflect changes in net premiums written over the previous five quarters.