Arch Capital Group Q3 net income up

Arch Capital Group Ltd., a writer of insurance and reinsurance, has reported a net income available to common shareholders of $184.17 million, or $1.33 per diluted share, for the third quarter ended September 30, 2012, compared to $162.29 million, or $1.18 per diluted share, for the same quarter ended September 30, 2011.

Total revenues for the third quarter ended September 30, 2012 were $904.80 million, compared to $764.99 million for the same quarter ended September 30, 2011.

Net income available to common shareholders for the nine months ended September 30, 2012 was $554.59 million, or $4.01 per diluted share, compared to $271.45 million, or $1.96 per diluted share, for the same period ended September 30, 2011.

Total revenues for the nine months ended September 30, 2012 were $2.56 billion, compared to $2.31 billion for the same period ended September 30, 2011.