Arch Capital's Quarterly Net Climbs 92%
NU Online News Service, Feb. 18, 3:29 p.m. EST?Arch Capital Group Ltd. management said its 2003 fourth-quarter net profit climbed 92.4 percent to $83.7 million, compared to $43.5 million for the 2002 fourth quarter, driven by a higher level of net premiums earned.[@@]
The Bermuda-based Arch said its net income for the full-year 2003 came in at $280.6 million, increasing nearly six-fold from profit of $59.0 million recorded for 2002.
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