Arch Capital: 2Q Earnings Snapshot

PEMBROKE, Bermuda (AP) _ Arch Capital Group Ltd. (ACGL) on Tuesday reported second-quarter net income of $243.6 million.

On a per-share basis, the Pembroke, Bermuda-based company said it had net income of 56 cents. Earnings, adjusted for non-recurring costs, came to 59 cents per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share.

The property and casualty insurer posted revenue of $1.41 billion in the period. Its adjusted revenue was $1.48 billion.

Arch Capital shares have risen 1 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $30.56, a drop of almost 6 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ACGL at https://www.zacks.com/ap/ACGL