Arch records Q2 underwriting loss as mortgage profits fall 70%
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free trial
  • Log in

Arch records Q2 underwriting loss as mortgage profits fall 70%

James Thaler
July 29, 2020
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
Arch_logo_Bermuda_2021.png

Arch reported operating income of $0.04/share on Wednesday evening, ahead of the operating loss of $0.18/share analysts predicted, but underwriting income still turned negative, as the Covid-19 pandemic contributed to a steep drop in mortgage underwriting profitability.

Operating

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Request a free trial Already a subscriber? Log in now

Topics

News Bermuda
JT
James Thaler
Gift this article