💨 Abstract

Arch Capital Group Ltd. reported a first-quarter net income of $574 million, beating Wall Street expectations with earnings of $1.54 per share. The property and casualty insurer's revenue was $4.67 billion, though it fell short of Street forecasts. Shares have seen a slight increase since the beginning of the year, reaching $92.39 in the final minutes of trading on Tuesday.

Courtesy: wtop.com

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